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05:45 Switzerland Unemployment Rate April 3.1% 3.1% 3.1%
07:00 Switzerland Foreign Currency Reserves April 237.5 235.6
07:15 Switzerland Consumer Price Index (MoM) April +0.6% +0.2% +0.1%
07:15 Switzerland Consumer Price Index (YoY) April -1.0% -0.9% -1.0%
08:30 Eurozone Sentix Investor Confidence May -14.7 -15.0 -24.5
10:00 Germany Factory Orders s.a. (MoM) March +0.3% +0.5% +2.2%
10:00 Germany Factory Orders n.s.a. (YoY) March -6.1% -2.8% +1.3%
The euro still under pressure after Francois Hollande was elected president of France and as Greek voters flocked to anti-bailout parties, stoking concern austerity efforts in Europe may be derailed.
Hollande, who becomes the first Socialist in 17 years to control Europe’s second-biggest economy, pledged to push for less austerity and more growth in the region. The yen and the dollar strengthened versus most of their peers.
German Chancellor Angela Merkel’s party had its worst election result in more than half a century in the state of Schleswig-Holstein. Voters in Greece and France challenged austerity as Europe’s sole prescription for the financial crisis, adding pressure on Merkel to broaden her focus from debt reduction to save the 17-nation bloc.
EUR/USD: during European session the pair compensated a part of losses suffered today, become stronger in $1,3030 area.
GBP/USD: the pair showed high in $1,6170 area then little decreased.
USD/JPY: during European session the pair was limited Y79,70-Y80,00.
At 1900GMT, the U.S. Federal Reserve Consumer Credit data hits screens Consumer credit usage is expected to rise $9.5 billion in March. Retail sales were reported up 0.8% in the month, both including and excluding motor vehicle sales. Richmond Federal Reserve Bank Pres. Jeffrey Lacker speaks at 2200GMT to business and government executives and community leaders in Greensboro, N.C.
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