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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:30 Australia Westpac Consumer Confidence May -3.2% 6.4%
05:00 Japan Coincident Index (Finally) March 110.7 109.5 109.2
05:00 Japan Leading Economic Index (Finally) March 105.3 Revised From 104.7 105.5 106.0
07:00 U.S. FOMC Member Charles Evans Speaks
08:30 United Kingdom Bank of England Minutes
09:00 Switzerland Credit Suisse ZEW Survey (Expectations) May -23.2 -0.1
The U.S. dollar mixed to lower against the most major currencies ahead of the Fed's April meeting minutes.
The euro traded higher against the U.S. dollar in the absence of any major reports from the Eurozone. The Greek debt crisis still weighs on the euro.
The British pound traded higher against the U.S. dollar after the Bank of England's (BoE) May meeting minutes. All members voted to keep the central bank's monetary policy unchanged.
MPC members noted that rising house prices in the U.K. posed renewed risks due to a shortage of new homes.
The Bank of England still expects the consumer inflation close to zero due to lower oil and commodity prices, but inflation should pick up by the end of this year.
The Swiss franc traded mixed against the U.S. dollar. A survey by the ZEW Institute and Credit Suisse Group showed today that Switzerland's economic sentiment index rose to -0.1 points in April from -23.2 points in March.
The Canadian dollar traded higher against the U.S. dollar ahead of Canadian wholesale sales data. Canadian wholesale sales are expected to climbed 0.9% in March, after a 0.4% drop in February.
EUR/USD: the currency pair increased to $1.1127
GBP/USD: the currency pair climbed to $1.5557
USD/JPY: the currency pair traded mixed
The most important news that are expected (GMT0):
12:30 Canada Wholesale Sales, m/m March -0.4% 0.9%
18:00 U.S. FOMC meeting minutes
22:50 Australia RBA Assist Gov Edey Speaks
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