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    Foreign exchange market. Asian session | 05.05.2015

     

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

    00:00 Japan Bank holiday

    01:30 Australia Trade Balance March -1.61 Revised From -1.26 -1.0 -1.32

    04:30 Australia Announcement of the RBA decision on the discount rate 2.25% 2% 2.0%

    04:30 Australia RBA Rate Statement

     

    The Australian dollar tumbled from 0.7850 to as low as 0.7795 against the greenback after the Reserve Bank of Australia cut its policy rate to 2.00% from 2.25% as many market participants had anticipated, and then quickly rebounded to as high as 0.7905.

    Pair undermined by uncertainty over outcome of Thursday's U.K. general election; positive USD sentiment (ICE spot dollar index last 95.42 versus 95.25 early Monday); continued impact from Friday's weak U.K. April manufacturing PMI data. Data focus Tuesday on 0830 GMT U.K. April CIPS / Markit construction PMI (forecast 57.5 versus March's 57.8).

     

    EUR / USD: during the Asian session, the pair was trading around $ 1.1140

    GBP / USD: during the Asian session, the pair was trading around $ 1.5115

    USD / JPY: during the Asian session, the pair was trading around Y120.15


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