Forex Flash: EUR/USD downside primed to accelerate – Westpac
Regionwide advance May PMI (Thursday) the key release for the week. Already released May ZEW survey for Germany and the Eurozone suggest another month of sub- 50 readings for much of the region. The May German IFO survey (likely soft) is due Friday. Bevy of ECB speakers on tap including Draghi (Thursday) - keep an eye out any comments around a credit/lending scheme.