If you are wondering why the gappy movement in currencies:
Pres. Trump: China tariffs will go up to 25% on $200B of goods on Friday
ICYMI - US President Trump threatens higher tariffs on Chinese goods
Trump's tweets will continue to reverberate through financial markets as more centres wake to the news and markets open. Early FX response is here:
Looking ahead to the data agenda for today:
0100GMT Australia - monthly inflation gauge (a privately produced index, not ooficial figures but a useful guide)
- for April, prior 0.4% m/m and 2.1% y/y
0100GMT New Zealand - ANZ Commodity price index for April, prior +1.4%
0130GMT Australia - ANZ's job ads survey, for April, prior -1.7% m/m
0145 GMT China - Caixin services and composite PMIs
- Services expected 54.2, prior 54.4
- Composite prior 52.9