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Inflation in the US starts to show signals of cooling down after inflation inflation data for April.
The US April’s CPI rose by 0.3% MoM, down from March’s 0.4% core CPI, which excludes volatile items, dipped from 0.4% to 0.3% as expected. Retail Sales were unchanged in April, at 0% MoM,
The Dollar was quickly sold in the aftermath of the weaker than expected results.
Australia’s Unemployment Rate posted 4.1% in April, compared with the expectations of 3.9%, Employment Change arrived at 38.5K in April from -6.6K in March, compared with the consensus forecast of 23.7K.
Economic data to watch out for.
• AU – RBA’s Hunter-Speech
• JP – Q1. GDP SA q/q
• EU – ECB Publishes Financial Stability Review
• AU – Apr. Unemployment Rate
• UK – BOE’s Greene Speaks
• EU – ECB’s Villeroy Speaks
• US – Apr. Industrial Production
• US – Apr. Philadelphia Fed Business Outlook
• US – May-11. Initial Jobless Claims
• US – Fed’s Mester, Bostic Speaks
Mid market rates.
| Currency Pair | Mid-market rate |
| AUD/USD | 0.6691 |
| AUD/NZD | 1.0921 |
| AUD/JPY | 102.96 |
| AUD/CNY | 4.8262 |
| AUD/EUR | 0.6143 |
| AUD/GBP | 0.5271 |
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