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Flash: Mixed forcasts for US data today – TD Securities

FXstreet.com (London) - Research teams at TD Securities noted that there are more May surveys today heading into next week’s payrolls.

The market expects a flat reading in the Richmond Fed and improvements in the Dallas Fed (from -15.6 to -10) and Conference Board Consumer Confidence (from 68.1 to 70.7). They see mixed results across the three but upside risks for the most important Consumer Confidence survey. They also expect housing prices to remain strong with a +1% m/m gain in March, surpassing 10% y/y for the first time since April 2006.

Germany: Import Price Index decline accelerates in April

The German Import Price Index dropped 1.4% in April, down from the 0.1% fall in March, according to data released today by Deutsche Bundesbank. Analysts pointed to a less decrease of 0.5%.
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AUD/USD upside capped around 0.9650

After falling to sub 0.9600 levels overnight, the Aussie dollar managed to gather traction and attempt a rebound, although faltering around 0.9650...
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