China data today! But we'll have to wait a bit, here's what's up in order:
2230GMT New Zealand- Services PMI for April, prior 59.0
2245GMT - New Zealand again - Retail Sales excl. inflation for Q1
- expected 0.9%, prior 0.6%
2350GMT - Japan - PPI for April
- expected -0.1% m/m, prior 0.5%
- expected 1.8/% y/y, prior 1.4%
Inflation at this level is a little more heartening for the BoJ, but they'd like some action on the CPI too
0130GMT - Australia - Housing finance for March
- Home loans expected flat at 0.0% m/m, prior -0.5%
- Investment lending prior -5.9%
- And loans for owner occupiers, prior -0.5%
I'll be back with more on this ahead
0200GMT - China data!
- April Industrial Production y/y expected is 7.0%, prior was 7.6%
- industrial production YTD y/y expected is 6.9%, prior was 6.8%
- Fixed Assets (excluding rural) YTD y/y, expected is 9.1%, prior was 9.2%
- Retail Sales y/y, expected is 10.8%, prior was 10.9%
- Retail Sales YTD y/y, expected is 10.2%, prior was 10.0%
I'll be back with more on the China data ahead
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And, early indications, updated:
- EUR/USD 1.0928
- USD/JPY 113.22
- GBP/USD 1.2878
- USD/CHF 1.0009
- USD/CAD 1.3700
- AUD/USD 0.7394
- NZD/USD 0.6854