Up one day, down the next. FX market remaining fairly subdued.
Next risk event is the RBA minutes, out shortly.
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Nikkei, Kospi open -0.7%
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
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- Chinese House Price Index continues to slump: April -3.5% y/y (prior -3.4%)
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- PBOC is expected to set the USD/CNY reference rate at 6.8086 – Reuters estimate
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