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Reporting on key macro data at the time of release.
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FOREX: A defensive feel has crept into Asia as U.S. equity index futures have
slipped, with familiar themes in focus. The yen has taken the lead in G10 FX
space amid a modest risk aversion, while the kiwi brings up the rear. NZD picked
up a bid in the lead-up to the release of local Q1 GDP figures, seemingly as
RTRS ran incorrect readings ahead of time. The real prints missed expectations,
both on a Q/Q & on a Y/Y basis, prompting NZD to erase its earlier uptick.
- Central bank action takes focus today, with the BoE, Norges Bank & Bank
Indonesia set to deliver monetary policy decisions. Key data releases include
Australian labour mkt report and U.S. initial jobless claims. Fed's Mester &
Bullard, BoE's Broadbent & Tenreyro, ECB's Holzmann & BoC's Schembri will speak.