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Economic calendar (GMT0):
00:30 Australia Westpac Consumer Confidence June -6.8% 0.2%
08:30 United Kingdom Average Earnings, 3m/y April +1.7% +1.2% +0.7%
08:30 United Kingdom Average earnings ex bonuses, 3 m/y April +1.3% +1.2% +0.9%
08:30 United Kingdom Claimant count May -25.1 -25.0 -27.4
08:30 United Kingdom Claimant Count Rate May 3.3% 3.2%
08:30 United Kingdom ILO Unemployment Rate April 6.8% 6.7% 6.6%
The U.S. dollar traded mixed against the most major currencies. The U.S. dollar was supported by higher U.S. Treasury yields. The yield on the U.S. 10-year Treasuries climbed to 2.64% on Tuesday. That was the highest yield since last month.
The New Zealand dollar rose against the U.S dollar in the absence of any major economic reports. The kiwi was supported by expectations the Reserve Bank of New Zealand (RBNZ) will raise interest rates again later in the day. Investors expect the RBNZ will hike its interest rate by 0.25% to 3.25%.
The Australian dollar climbed to 1-month highs against the U.S. dollar due to the better-than-expected consumer sentiment data from Australia. The Westpac consumer confidence in Australia increased 0.2% in June, after a 6.8% decline in May.
The Japanese yen traded mixed against the U.S. dollar after the release of the economic data in Japan. Japan's BSI manufacturing index for the second quarter declined to 13.9 points from 12.7 in the first quarter, missing expectations for a rise to 14.1.
EUR/USD: the currency pair declined to $1.3520
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair declined to Y102.25
The most important news that are expected (GMT0):
09:00 OPEC OPEC Meetings
14:30 U.S. Crude Oil Inventories June -3.4
18:00 U.S. Federal budget May 106.9 -142.8
21:00 New Zealand RBNZ Interest Rate Decision 3.00% 3.25%
21:00 New Zealand RBNZ Rate Statement
21:00 New Zealand RBNZ Press Conference
23:01 United Kingdom RICS House Price Balance May 54% 52%
23:50 Japan Core Machinery Orders April +19.1% -10.8%
23:50 Japan Core Machinery Orders, y/y April +16.1%
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