Major headlines:
– Spain sells a total of EUR4.57bln in 2016 and 2018 paper, above the planned 3.5bln – R4.5bln range
– UK industrial production rises 0.7% m/m in March, above the 0.2% consensus
– Australia adds 50k jobs in April versus 12k expected, unemployment rate ticks down
– New Zealand employment rises 1.7% in Q1 versus a consensus estimate of a 0.8% gain
– ECB cuts 2013 euro area GDP estimate to -0.4% from 0.0% in Monthly Bulletin release, sees inflation hovering moving below the 2.0% target
– Swedish finance minister says the SEK is potentially becoming a problem
– Bank of England leaves key interest rate and APF size unchanged in May
Click here to read the full report: FX Daily
BMO