US EIA Crude Oil Stocks rises by 3M in May 24 week
May 30, 2013
US, the sting of austerity - Nomura
Q1 GDP data continue to paint the picture of an economy with strengthening fundamentals that is facing significant fiscal drag - a "tug-of-war" as New York Federal Reserve Bank President Dudley recently characterized it.
According to Global FX Strategist Sean Callow at Westpac, “The AUD remains the weakest G10 currency in May but there is a growing case for at least an interim bounce, thanks in large part to the encouraging 2013/14 capex survey.”