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(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:30 Australia Current Account, bln Quarter I -10.2 Revised From -9.6 -10.8 -10.7
03:00 Japan Labor Cash Earnings, YoY April 0.1%
04:30 Australia Announcement of the RBA decision on the discount rate 2.0% 2.0% 2.0%
04:30 Australia RBA Rate Statement
Australian dollar rises. Reserve Bank of Australia Governor Glenn Stevens and his board left the cash rate at a record-low 2 percent in Sydney Tuesday, as predicted by markets and economists. "Aussie gained as a minority in market who bet the RBA would cut today unwound their positions," said Masafumi Yamamoto, a senior strategist at Monex Inc. in Tokyo. "The Aussie's direction will depend on domestic data, especially whether the jobless rate will deteriorate or improve, and the strength of the U.S. dollar."
The yen weakened beyond 125 per dollar for the first time since 2002 as prospects for higher U.S. interest rates this year spurred demand for the greenback. The yen has dropped more than 30 percent since 2012 as the Bank of Japan carries out unprecedented bond buying to spur inflation.
EUR / USD: during the Asian session, the pair was trading in the $ 1.0915-35
GBP / USD: during the Asian session, the pair was trading in the $ 1.5190-10
USD / JPY: during the Asian session the pair rose to Y125.05
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