Weekly Currency Views

Key events that may affect the following currency pairings:
 

• EUR/USD
  - ECB survey points to eurozone contraction this year (Thu 09-May).
  - ECB looking at ABS purchases, negative interest rates (Mon 13-May).
  - ZEW: German investor confidence barely rises (Tue 14-May).
  - Cyprus clinches first €2 billion bail out installment (Mon 13-May).
  - ECB picks fight with Germany on EU plans for failing banks (Tue 14-May).
  - Fitch raises Greek credit rating one notch to "B-", outlook stable (Tue 14-May).
  
• GBP/USD
  - UK businesses see brighter economic prospects (Mon 13-May).
  - New-look BOE inflation report giving forecast detail (due Wed 15-May, 17:30 SGT).
  - UK house-price gauge increases to almost 3-year high (Tue 14-May).
  
• AUD/USD
  - Swan points deficit blame at strong Aussie dollar (Tue 14-May).
  - Australia keeps AAA rating after budget (Tue 14-May).
  - Australia shuns Europe-style austerity as Swan bets on jobs (Tue 14-May).
  
• NZD/USD
  - Jobless rate falls to 3-year low 6.2% on record employment jump (Thu 09-May).
  - House sales and prices slip in April: REINZ (Mon 13-May).
  - IMF warns about high NZ house prices; may warrant rate rise (Wed 15-May).
  - NZ dollar falls on expectations Fed will pull back on QE (Mon 13-May).
  - NZ shoppers still out in force (Tue 14-May).
  

Click here for a copy of the latest Short-Term Currency Views.