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Economic calendar (GMT0):01:30 Australia CPI, q/q Quarter I +0.8% +0.8% +0.6%
01:30 Australia CPI, y/y Quarter I +2.7% +3.2% +2.9%
01:45 China HSBC Manufacturing PMI (Preliminary) April 48.0 48.4 48.3
06:58 France Manufacturing PMI (Preliminary) April 52.1 51.9 50.9
06:58 France Services PMI (Preliminary) April 51.5 51.5 50.3
07:28 Germany Manufacturing PMI (Preliminary) April 53.7 53.9 54.2
07:28 Germany Services PMI (Preliminary) April 53.0 53.5 52.0
07:58 Eurozone Manufacturing PMI (Preliminary) April 53.0 53.0 53.307:58 Eurozone Services PMI (Preliminary) April 52.2 52.7 53.1
The U.S. dollar traded mixed. Market participants already priced in the better-than-expected figures from the U.S. housing market.
The Australian dollar declined after the inflation data publication. The increase of the consumer price index was lower than expected in the first quarter. The annual consumer price index increased 2.9% (forecast: 3.2%). The monthly consumer price index rose 0.6% (forecast: 0.6%). The likelihood of interest hike by the Reserve Bank of Australia is near to zero in the next months.
The Australian dollar was also affected by the worse-than-expected Chinese HSBC Manufacturing PMI (Preliminary). HSBC Manufacturing PMI was up to 48.3 in April from 48.0 in March. But the figure in April did not exceed the forecast of 48.4.
The New Zealand dollar was down affected by the worse-than-expected Chinese HSBC Manufacturing PMI (Preliminary). China is New Zealand's second biggest export partner. Later in the day, the Reserve Bank of New Zealand will publish its interest rate and its rate statement. The Reserve Bank of New Zealand could increase interest rate by 25 basis points to 3.0%.
The Japanese Yen climbed against the U.S. dollar. The yen was supported by the speech of Bank of Japan Governor Haruhiko Kuroda. He said that the inflation target of 2% could be reached and there is no need for further quantitative stimulus measures. Market participants are waiting for developments in US-Japan free trade talks.
EUR/USD: the currency pair was up to $1.3820
GBP/USD: the currency pair was up to $1.6835
USD/JPY: the currency pair was down Y102.50
08:30 United Kingdom Bank of England Minutes
08:30 United Kingdom PSNB, bln March 7.5 8.7
10:00 United Kingdom CBI industrial order books balance April 6 7
12:30 Canada Retail Sales, m/m February +1.3% +0.5%
12:30 Canada Retail Sales ex Autos, m/m February +1.0% +0.6%
13:43 U.S. Manufacturing PMI (Preliminary) April 55.5 56.2
14:00 U.S. New Home Sales March 440 455
21:00 New Zealand RBNZ Interest Rate Decision 2.75% 3.00%
21:00 New Zealand RBNZ Rate Statement