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    Foreign exchange market. Asian session | 28.04.2015

     

    (Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

    22:40 Australia RBA's Governor Glenn Stevens Speech

    23:50 Japan Retail sales, y/y March -1.7% Revised From -1.8% -7.4% -9.7%

     

    The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 major peers, was little changed

    Fed policy makers meeting on Tuesday and Wednesday in Washington will assess the impact of a harsh winter and a stronger dollar, which may have helped reduce the pace of economic growth to the lowest in a year. The liftoff on the Fed's benchmark interest rate won't happen until September, according to economists surveyed by Bloomberg News, after the economy stumbled in the first quarter.

    Japan's currency is set to resume its descent in the coming months as the BOJ will probably add to stimulus as early as July, said Ray Attrill, global co-head of currency strategy at National Australia Bank Ltd. in Sydney. Twenty-two of 34 economists in a Bloomberg survey conducted March 31 to April 3 forecast the BOJ will expand easing by the end of October. Three estimate the central bank will make a move on April 30.

     

    EUR / USD: during the Asian session, the pair fell to $1.0865

    GBP / USD: during the Asian session the pair traded in the range of $1.5215-35

    USD / JPY: during the Asian session the pair traded in the range Y119.00-20


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