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[B]Japanese Yen - JPY[/B]
- Japanese April current account surplus widens to Y1.986 trillion compared to estimates of Y1.84 trillion.
- Trade surplus for the month narrows to Y1.034 trillion.
- Cabinet Secretary Shiozaki notes that rapid interest rate changes are not good for the economy. Dampens hope of surprise decision by Bank of Japan.
[B]Commodity Dollars - CAD/AUD/NZD[/B]
- Australian June Westpac consumer confidence drops 2 percent, remains near record high.
- Australian Treasurer Costello states that employment remains strong and support, lending to confident consumers.
[B]Europe - EUR/GBP[/B]
- Eurozone first quarter employment rises by 0.4 percent on the quarterly assessment. Supports 1.4 percent in the annualized figure.
- UK April ILO unemployment rate prints as expected, 5.5 percent on the annualized.
- Manufacturing costs advance by 0.2 percent in the quarterly evaluation in the United Kingdom.
- UK monthly average earning including bonus rose 4 percent, lower than expected by the consensus. Jobless claims declined as well, lower at 9.3K compared to estimates of -8.4K drop.
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