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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:30 Australia New Motor Vehicle Sales (YoY) April 4.6% Revised From 4.4% 2.8%
01:30 Australia New Motor Vehicle Sales (MoM) April 0.5% -1.5%
04:30 Japan Industrial Production (YoY) (Finally) March -2.0% -1.2% -1.7%
04:30 Japan Industrial Production (MoM) (Finally) March -3.1% -0.3% -0.8%
06:00 U.S. FOMC Member Charles Evans Speaks
07:15 Switzerland Retail Sales Y/Y March -3.1% Revised From -2.7% -2.8%
10:00 Germany Bundesbank Monthly Report
12:00 Canada Bank holiday
The U.S. dollar mixed to higher against the most major currencies ahead of the U.S. NAHB housing market index. The NAHB housing market index is expected to climb to 57 in May from 56 in April.
The euro traded lower against the U.S. dollar as the Greek debt crisis still weighs on the euro.
German Bundesbank released its monthly report. The central bank expects the German economy to expand in the coming months, driven by consumption. Bundesbank also said that Greece could be bankrupt without changing its attitude in the negotiations with its creditors.
The British pound traded lower against the U.S. dollar in the absence of any major economic reports from the U.K.
The Swiss franc traded mixed against the U.S. dollar after the weaker-than-expected Swiss retail sales data. Retail sales in Switzerland dropped at an annual rate of 2.8% in March, after a 3.1% decline in February. February's figure was revised down from a 2.7% decrease.
Sales of food, beverages and tobacco plunged 2.6%, while non-food sales were down 2.3%.
EUR/USD: the currency pair fell to $1.1365
GBP/USD: the currency pair decreased to $1.5650
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
14:00 U.S. NAHB Housing Market Index May 56 57