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Economic calendar (GMT0):
01:30 Australia Private Sector Credit, m/m April +0.4% +0.4% +0.5%
01:30 Australia Private Sector Credit, y/y April +4.4% +4.6%
05:00 Japan Housing Starts, y/y April -2.9% -8.2% -3.3%
06:00 Germany Retail sales, real adjusted April -0.7% +0.4% -0.9%
06:00 Germany Retail sales, real unadjusted, y/y April -1.9% +3.4%
07:00 Switzerland KOF Leading Indicator May 101.8 102.05 99.8
The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. economic data. Personal income in the U.S. should increase 0.3% in April, after 0.5% gain in March. Personal spending in the U.S. should rise 0.2% in April, after a 0.9% increase in March. Chicago Purchasing Managers' Index should decline to 60.2 in May from 63.0 in April. Reuters/Michigan Consumer Sentiment Index should increase to 82.9 in May from 82.8 in April.
The euro traded higher against the U.S. dollar. The German adjusted retail sales dropped 0.9% in April, after a 0.7% decline in March. Analysts had expected a 0.4% rise.
The unadjusted retail sales in Germany climbed 3.4% in April, after a decrease of 1.9% in March.
The British pound traded higher against the U.S. dollar in the absence of any major economic reports in the U.K.
The Swiss franc traded mixed against the U.S. dollar. KOF leading indicator for Switzerland dropped to 99.8 in May from 101.8 in April. April’s figure was revised down to 101.8 from 102.04. Analysts had expected an increase to 102.05.
The Canadian dollar traded higher against the U.S. dollar amid the Canadian gross domestic product. The Canadian GDP should increase 0.1% in March, after a 0.2% gain in February.
The raw material price index in Canada should climb 1.2% in April, after a 0.6% rise in March.
EUR/USD: the currency pair increased to $1.3617
GBP/USD: the currency pair climbed to $1.6757
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
12:30 Canada Raw Material Price Index April +0.6% +1.2%
12:30 Canada GDP (m/m) March +0.2% +0.1%
12:30 U.S. Personal Income, m/m April +0.5% +0.3%
12:30 U.S. Personal spending April +0.9% +0.2%
12:30 U.S. PCE price index ex food, energy, m/m April +0.2% +0.2%
12:30 U.S. PCE price index ex food, energy, Y/Y April +1.2%
13:45 U.S. Chicago Purchasing Managers' Index May 63.0 60.2
13:55 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) May 82.8 82.9
21:00 U.S. FOMC Member Charles Plosser Speaks
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