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Economic calendar (GMT0):
00:30 Australia MI Inflation Gauge, m/m April +0.2% +0.4%
00:30 Australia MI Inflation Gauge, y/y April +2.7% +2.8%
01:30 Australia Building Permits, m/m March -5.4% Revised From -5.0% +1.7% -3.5%
01:30 Australia Building Permits, y/y March +23.2% +20.0%
01:30 Australia ANZ Job Advertisements (MoM) April +1.4% +2.2%
01:45 China HSBC Manufacturing PMI (Finally) April 48.3 48.4 48.1
08:30 Eurozone Sentix Investor Confidence March 14.1 14.2 12.8
The U.S. dollar dropped against the most major currencies. The escalation of tensions in Ukraine has a significant negative impact on U.S. currency.
The New Zealand dollar decreased against the U.S. dollar. The decline of China’s HSBC manufacturing purchasing managers’ index was the reason for this price development. China’s HSBC manufacturing purchasing managers’ index dropped to 48.1 in April from 48.3 in March. Analysts expected an increase to 48.4. China is New Zealand's second biggest export partner.
The Australian dollar declined against the U.S. dollar after the release of China’s HSBC manufacturing purchasing managers’ index and Australia’s building permits. Building permits increased to -3.5% in March from -5.4% in February. February’s figure was revised down from -5.0%. The projected figure was an increase of 1.5%. Job advertisements in Australia were up 2.2% in April from 1.4% in March.
The Japanese yen rose for a second day against the U.S. dollar. The Bank of Japan Governor Haruhiko Kuroda told CNBC that Japan’s economic recovery is on track. His interview is damping speculation Japan’s central bank will add more quantitative stimulus measures.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair declined to Y101.85
The most important news that are expected (GMT0):
09:00 Eurozone Producer Price Index, MoM March -0.2% -0.2%
09:00 Eurozone Producer Price Index (YoY) March -1.7% -1.8%
09:00 Eurozone European Commission Economic Growth Forecasts
09:00 Eurozone Eurogroup Meetings
13:45 U.S. Services PMI (Finally) April 54.2 54.2
14:00 U.S. ISM Non-Manufacturing April 53.1 54.3
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