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The week ahead’s top events - Rabobank

FXStreet (Guatemala) - Today is largely data free, with the highlight being the Fed’s Williams and Fisher speaking on monetary policy in Dallas late on.

“Tuesday’s calendar is also light, with the RBA's last set of minutes, UK CPI/PPI and two Fed speakers”.

“Wednesday sees the Aussie wage cost index for Q1, UK retail sales, Eurozone consumer confidence, three Fed speakers, and the Fed’s minutes from its April 29-30 meeting. The BoJ also has its monthly monetary policy statement”.

“Thursday has China’s May HSBC/Markit manufacturing PMI and both Germany’s and the Eurozone’s services/manufacturing PMIs. The UK also releases its monthly government borrowing figures and the second estimate of Q1 GDP. The US has existing home sales”.

“Friday sees the German IFO survey and US new home sales”.

EUR/AUD consolidating the offers

EUR/AUD had a difficult time through 1.47 at the close of last weeks business and remains in offered territory into this week, head of key releases on the docket for the pair.
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EUR saw the biggest decline in net positioning - ANZ

ANZ summarizes the positioning data for the week ending 13 May 2014, period in which specs turned short Euro for the first time in three months.
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