USD/CAD keeps the red below 1.2100 mark, moves little post-US macro data
USD/CAD witnessed an intraday turnaround from one-week tops amid a subdued USD demand. Mixed US
US: Weekly Initial Jobless Claims retreat to 406K vs. 425K expected
Weekly Initial Jobless Claims in the US decreased by 38,000. US Dollar Index stays relatively
USD/CAD reverses an intraday dip to 1.2100 mark, turns flat
USD/CAD witnessed a modest intraday pullback from one-week tops amid a subdued USD demand. A
AUD/USD struggles for firm intraday direction, flat-lined below mid-0.7700s
A combination of factor failed to assist AUD/USD to capitalize on its intraday move up.
Japan’s government cuts economic view in May
In its May report, the Japanese government slashed its economic view for the first time
US: CB Consumer Confidence Index declines to 117.2 in May vs. 119.2 expected
CB Consumer Confidence Index fell modestly in May. US Dollar Index stays relatively quiet below
US: Philly Fed Nonmanufacturing Index improves to 36.9 in May from 36.3
Philly Fed Nonmanufacturing Index improved modestly in May. US Dollar Index stays in the negative
US: New Home Sales decline by 5.9% in April following March’s upsurge
New Home Sales in US fell sharply in April. US Dollar Index posts modest daily
German IFO Expectations Index jumps to 102.9 in May vs. 101.4 expected, EUR/USD uninspired
German IFO Business Climate Index came in at 99.2 in May. IFO Current Economic Assessment
German IFO’s Economist: The economy should grow 2.6% in Q2 vs. Q1
Following the release of the final German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said