April 19th Top FX Headlines

[B]China[/B][B] government[/B] releases 11.1% rate of growth in the first quarter. Sparks volatility by delaying report till Asian market close.

[B]US Dollar [/B]continues to trade at record lows against the euro and sterling on expectations that US economic growth will continue to slow.
[B][/B]
[B]Japanese Yen[/B] makes gains on China led stocks. Asian outliers get hammered at the open as Nikkei loses 1.7% on the day.
[B][/B]
[B]Japan February tertiary industry index[/B] higher by 1.0% m/m, better than expected. Couples with Fukui commentary that consumer spending remains solid in boosting yen strength.
[B][/B]
[B]April Japan Tankan manufacturing survey[/B] remains unchanged at +28. Non-manufacturing improves 3 points to +26. Lends to speculation that Bank of Japan may raise rates after all.
[B][/B]
[B]Swiss April ZEW survey[/B] higher than expected, improves to -3.5 compared to consensus estimates of a -20.5 drop.
[B][/B]
[B]Canadian March consumer price index[/B] rises 0.8% on the monthly comparison, advances 2.3% on the annualized. Survey results lend to rate hike speculation supportive of Canadian dollar strength.
[B][/B]
[B]Australian April consumer[/B] inflation expectations rise 18.3%. Although bullish, figure remains below the previous monthÂ’s +21%.