Intraday Market Thoughts

USD boosted by trifecta; RBA, Ezone CPI awaited

by Ashraf Laidi
Jun 1, 2015 17:18

A crucially positive trifecta for USD emerged via a higher than expected May ISM manufacturing, ISM's employment component and construction spending, boosting the greenback across the board. The figures had followed an earlier release of slower than expected US personal consumption and core Personal Consumption Expenditure price index (Fed's preferred inflation gauge). We now turn to the RBA and flash Eurozone CPI. Full charts & analysis.

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USD boosted by trifecta; RBA, Ezone CPI awaited - Audusd June 1 2015 (Chart 1)

Act Exp Prev GMT
Eurozone CPI (MAY) (y/y) [P]
0.2% 0.0% Jun 02 9:00
Eurozone CPI - Core (MAY) (y/y) [P]
0.7% 0.6% Jun 02 9:00
ISM Prices Paid (MAY)
49.5 42.5 40.5 Jun 01 14:00
Construction Spending (APR) (m/m)
2.2% 0.7% 0.5% Jun 01 14:00
Core PCE Price Index (m/m)
0.1% 0.2% 0.1% Jun 01 12:30

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