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Economic calendar (GMT0):
01:30 Australia Changing the number of employed April 21.9 7.5 14.2
01:30 Australia Unemployment rate April 5.8% 5.9% 5.8%
02:20 China Trade Balance, bln April 7.7 13.1 18.5
05:45 Switzerland SECO Consumer Climate Quarter I 2 3 1
06:00 Germany Industrial Production s.a. (MoM) March +0.6% +0.2% -0.5%
06:00 Germany Industrial Production (YoY) March +4.0% +3.0%
07:00 United Kingdom Halifax house price index April -1.1% +0.8% -0.2%
07:00 United Kingdom Halifax house price index 3m Y/Y April +8.7% +9.1% +8.5%
07:15 Switzerland Consumer Price Index (MoM) April +0.4% +0.1% +0.1%
07:15 Switzerland Consumer Price Index (YoY) April 0.0% +0.1% 0.0%
The U.S. dollar remained under pressure against the most major currencies after the testimony from Fed Chair Janet Yellen. Ms. Yellen said the Fed will keep interest rates at their historically low levels after the central bank closes out its bond purchasing program. She added that too many Americans remain unemployed and inflation is below the Fed’s 2% target.
The New Zealand dollar traded higher against the U.S. dollar. The kiwi was supported by the good Chinese trade data. China is New Zealand's second biggest export partner.
Chinese trade surplus rose to $18.46 billion in April, from $7.71 billion in March, beating expectations of an increase to $13.1 billion.
The Australian dollar climbed to 3-week highs against the U.S. dollar. The Australian currency was supported by the stronger-than-expected labour market figures and the good Chinese trade data. China is Australia's biggest export partner.
The number of employed people in Australia increased by 14,200 in April. Analysts had forecasted a 7,500 rise. March's figure was revised up to a 21,900 rise from 18,100.
Australia's unemployment rate remained unchanged at 5.8% in April. Analysts had expected an increase to 5.9%.
The Japanese yen traded mixed against the U.S. dollar. No economic data was published in Japan.
EUR/USD: the currency pair climbed to $1.3920
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair traded mixed
AUD/USD: the currency pair increased to $0.9374
The most important news that are expected (GMT0):
11:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50%
11:00 United Kingdom Asset Purchase Facility 375 375
11:00 United Kingdom MPC Rate Statement
11:45 Eurozone ECB Interest Rate Decision 0.25% 0.25%
12:15 Canada Housing Starts April 157 177
12:30 Eurozone ECB Press Conference
12:30 Canada New Housing Price Index March +0.2% +0.2%
12:30 U.S. Initial Jobless Claims May 344 328
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