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Economic calendar (GMT0):
00:00 Japan BOJ Governor Haruhiko Kuroda Speaks
00:30 Australia Leading Index March 0.0% -0.5%
01:00 New Zealand ANZ Business Confidence May 64.8 53.5
01:30 Australia Construction Work Done Quarter I -1.1% -0.3% +0.3%
05:45 Switzerland Gross Domestic Product (QoQ) Quarter I +0.2% +0.5% +0.5%
05:45 Switzerland Gross Domestic Product (YoY) Quarter I +1.7% +2.1% +2.0%
06:00 Switzerland UBS Consumption Indicator April 1.84 1.72
06:45 France Consumer spending April +0.4% +0.5% -0.3%
06:45 France Consumer spending, y/y April -1.2% -0.5%
07:55 Germany Unemployment Change May -25 -14 24
07:55 Germany Unemployment Rate s.a. May 6.7% 6.7% 6.7%
08:00 Eurozone M3 money supply, adjusted y/y April +1.1% +1.2% +0.8%
08:00 Eurozone Private Loans, Y/Y April -2.2% -2.1% -1.8%
The U.S. dollar traded higher against the most major currencies. The U.S. currency was still boosted by the better-than-expected U.S. economic data, published on Tuesday. U.S. durable goods orders rose 0.8% in April, after a 2.9% gain in March. The U.S. consumer confidence index climbed to 83.0 in May, from 81.7 in April.
The New Zealand dollar hits 2.5-month lows against the U.S due to the weaker-than-expected New Zealand’s economic data. The ANZ business confidence index for New Zealand dropped to 53.5 in Mai, from 64.8 in April.
The Australian dollar traded higher against the U.S. dollar, but later lost all its gains. Construction work done in Australia increased 0.3% in the first quarter, from a 1.1% decline in the fourth quarter of 2013. The fourth quarter of 2013 figure was revised down to a 1.1% fall from a 1% decrease. Analysts had expected a 0.3% fall.
Australia’s April leading index from Westpac Bank and the Melbourne Institute fell 0.5% to a score of 98.0. That was the weakest reading since late 2011.
The Japanese yen traded higher against the U.S. dollar after comments from the Bank of Japan governor Haruhiko Kuroda. He said that the monetary easing is possible even with interest rates at around zero percent.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair declined to Y101.90
NZD/USD: the currency pair dropped to $0.8534
The most important news that are expected (GMT0):
10:00 United Kingdom CBI retail sales volume balance May 30 36
23:50 Japan Retail sales, y/y April +11.0% -3.2%
|remaining time till the new event being published|
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