Weekly Currency Views

Key events that may affect the following currency pairings:
 

• EUR/USD
  - Eurozone posts record trade surplus amid gloom (Thu 16-May).
  - EU law key to ending 'too big to fail' banks: BoE's Tucker (Mon 20-May).
  - Moody's: US may be downgraded unless Fed fixes rising debt ratio (Tue 21-May).
  - EU leaders struggling with economic growth turn to tax policy (Mon 20-May).
  - Eurozone PMI data for May expected to be better (due on Thu 23-May).
  - Fed's Bullard says ECB needs aggressive QE to avoid Japan fate (Tue 21-May).
  
• GBP/USD
  - UK jobless rate hits lowest level since April 2011 (Wed 15-May).
  - Home sellers raised asking prices to record in May: Rightmove (Mon 20-May).
  - BoE upgrades UK growth outlook, faster fall in inflation (Wed 15-May).
  - UK inflation falls to seven-month low (Tue 21-May).
  
• AUD/USD
  - RBA's rate cuts shrink yield gap as Fed QE taper looms (Mon 20-May).
  - RBA forecast that GDP growth "below trend", outlook unchanged (Tue 21-May).
  - RBA minutes: CPI subdued, gives scope for cuts (Tue 21-May).
  - Consumer sentiment slumps most in 17 months on budget (Wed 22-May).
  
• NZD/USD
  - Kiwi at 8.5 month low as improving US economy spurs taper of QE (Fri 17-May).
  - NZ's services sector expands at fastest pace in five months in April (Mon 20-May).
  - NZ house prices put pressure on RBNZ to tighten (Sun 19-May).
  - Kiwi gains on concern Fed may be cautious on US growth (FOMC, Wed 22-May).
  

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