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    Economic calendar (GMT0):

     

     

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

     

     

    01:30 Australia National Australia Bank's Business Confidence April 3 3

    09:00 Eurozone Eurogroup Meetings

    11:00 United Kingdom BoE Interest Rate Decision 0.5% 0.5% 0.5%

    11:00 United Kingdom Asset Purchase Facility 375 375

    11:00 United Kingdom MPC Rate Statement

    The U.S. dollar traded higher against the most major currencies in the absence of any major economic reports from the U.S. The greenback remained supported by Friday's U.S. labour market data. The U.S. economy added 223,000 jobs in April, missing expectations for a rise of 224,000 jobs, after a gain of 85,000 jobs in March. March's figure was revised down from a rise of 126,000 jobs.

     

     

    The U.S. unemployment rate fell to 5.4% in April from 5.5% in March, in line with expectations. It was lowest level since May 2008.

     

     

    The euro traded mixed against the U.S. dollar as the Greek debt crisis weighed on the euro. The Eurogroup meeting is scheduled to be today. It is unlikely that the €7.2 billion tranche of loans will be unlocked at this meeting because there are still differences despite the progress of negotiations.

     

     

    Greece must repay the IMF €750 million loan on May 12. Athens said that it has enough money to pay the IMF this week.

     

     

    German finance minister Wolfgang Schaeuble warned over the weekend that Greece can slide into insolvency.

     

     

    The British pound traded higher against the U.S. dollar after the Bank of England's (BoE) interest rate decision. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.

     

     

    The interest rate decision was delayed because of last Thursday's parliamentary election in the U.K. The Conservative Party won enough seats to take a majority in parliament.

     

     

    Low inflation and weak wages weighed on the BoE's interest rate decision.

     

     

    Analysts expect that the BoE will start to raise its interest rate in early 2016.

     

     

    EUR/USD: the currency pair traded mixed

     

     

    GBP/USD: the currency pair rose to $1.5499

     

     

    USD/JPY: the currency pair traded mixed

     

     


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