June 3, 2015, USD and AUD is the strongest. NZD is the weakest
As the market awaits the press conference from Mario Draghi after keeping rates unchanged and the US ADP employment and Trade data at 8:30 AM, the USD and AUD is the strongest currency and the NZD is the weakest. The changes from the closes yesterday are fairly stable, however.
The RBA kept rates unchanged but not give an explicit comment on the possibility of another rate cut. GDP for the 1Q was higher at 0.9% vs 0.7% estimate. The NZD lost the most ground against it's neighboring country.
The AUDNZD is testing the high from may and the highest level since November 2014.
US mortgage applications fell by 7.6% in the current week. Other economic data and events include:
- ADP employment change. Estimate 200 K vs. 169K last month. 8:15 AM ET
- US trade balance for April. Estimate -44.0 B vs. -51.4 B. 8:30 AM ET
- Canada international merchandise trade for April. Estimate -2.15B vs. -3.02B
- ECB's Mario Draghi press conference. 8:30 AM ET
- US ISM nonmanufacturing composite index for May. Estimate, 57.0 vs. 57.8. 10 AM ET
- Weekly crude oil inventory. 10:30 AM ET
- US beige book. 2 PM ET
- Fed's Evans speaks at banking symposium. 2 PM ET
- Fed's Bullard speaks 5 PM ET
In Australia in their new trading day:
- Australia trade balance for April. -2100M vs -1322M. 9:30 PM ET
- Australia retail sales for April +0.3% vs. +0.3% last month. 9:30 PM ET
