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Forex Flash: China HSBC PMI, risks of a surprise evenly balanced - Westpac

The “flash” April China’s Manuf PMI will increase volatility to day in Asia, depending on the number out. According to Sean Callow, strategist at Westpac, "consensus is for 51.5, effectively steady versus the final Mar reading of 51.6."
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Forex: USD/SGD closes sharply higher ahead of CPI data

The USD/SGD closed the New York session up 44 pips at 1.2406. Market participants will be focusing on economic data out of Singapore later on in the session which may have influence on future direction. “On the slate in Asia is Singapore’s Mar CPI (1pm local), seen easing to 3.6% y/y from 4.9% y/y in Feb”, noted Sean Callow, FX strategist at Westpac.
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