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Economic calendar (GMT0):
01:00 Australia HIA New Home Sales, m/m March +4.6% +0.2%
01:30 Australia Producer price index, q / q Quarter I +0.2% +0.6% +0.9%
01:30 Australia Producer price index, y/y Quarter I +1.9% +2.1% +2.5%
07:30 Switzerland Manufacturing PMI April 54.4 55.1 55.8
07:48 France Manufacturing PMI (Finally) April 52.1 50.9 51.2
07:53 Germany Manufacturing PMI (Finally) April 53.7 54.2 54.1
07:58 Eurozone Manufacturing PMI (Finally) April 53.0 53.3 53.4
08:30 United Kingdom PMI Construction April 62.5 62.2 60.8
The U.S. dollar traded mixed against the most major currencies ahead of the labour market data release in the U.S. Analysts expect that the unemployment rate should decrease to 6.6% in April from 6.7% in March and 211,000 jobs should be added in April.
The New Zealand dollar traded mixed against the U.S. dollar. No economic data was published in New Zealand today.
The Australian dollar traded little changed against the U.S. dollar. The Australian currency was supported the better-than-expected Producer Price Index (PPI). Australia’s PPI climbed 0.9% in the first quarter (4. Quarter 2013: 0.2%). Analysts forecasted an increase of 0.5%. HIA New Home Sales were up only 0.2% in March (February: 4.6%).
The Japanese yen dropped against the U.S. dollar. The U.S. dollar was supported by the better-than-expected U.S. personal spending in March, published on Thursday. The U.S. personal spending climbed 0.9% in March from an increase of 0.5% in February. The projected figure was 0.7%.
Some economic data was published in Japan. Market participants remained unimpressed by this data. Household spending increased 7.2% in March (forecast: 1.7%) from the decline of 2.5% in February. Japan's monetary base decreased to +48.5% in April from +54.8% in March. Analysts forecasted an increase to 55.3%. The unemployment rate remained unchanged as expected at 3.6% in March (forecast: 3.6%).
EUR/USD: the currency pair declined to $1.3855
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair was up to Y102.35
The most important news that are expected (GMT0):
09:00 Eurozone Unemployment Rate March 11.9% 11.9%
12:30 U.S. Average workweek April 34.5 34.5
12:30 U.S. Average hourly earnings April 0.0% +0.2%
12:30 U.S. Nonfarm Payrolls April 192 211
12:30 U.S. Unemployment Rate April 6.7% 6.6%
14:00 U.S. Factory Orders March +1.6% +1.3%
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