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Economic calendar (GMT0):
00:00 United Kingdom Bank holiday
00:00 U.S. Bank holiday
06:00 Germany Gfk Consumer Confidence Survey June 8.5 8.5 8.5
08:00 Eurozone ECB President Mario Draghi Speaks
The U.S. dollar traded mixed against the most major currencies. The U.S. currency was supported by the positive U.S. housing data, published on Friday. The U.S. new home sales increased 6.4% in April to a seasonally adjusted annual rate of 433,000 units. March's figure was revised up to 407,000 from 384,000. Analysts had expected a gain to 425,000.
Markets in the U.S. closed for the Memorial Day holiday.
The New Zealand dollar hits 1-month lows against the U.S. after the release of trade balance surplus from New Zealand. New Zealand's trade surplus dropped to NZ$534 million in April, from NZ$920 million in March. Analysts had expected the trade surplus to decline to NZ$667 million. Exports to China from New Zealand were the lowest since September. China is New Zealand’s second biggest trade partner.
The Australian dollar traded slightly higher against the U.S. dollar in the absence of any major economic reports in Australia.
The Japanese yen traded slightly higher against the U.S. dollar after the release of the Bank of Japan (BoJ) minutes. The BoJ minutes showed concerns over growth and inflation views. Three of the Bank of Japan's nine board members wanted the separate reviews of growth and inflation outlooks.
EUR/USD: the currency pair declined to $1.3615
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
23:50 Japan CSPI, y/y April +0.7%
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