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May 9: Asian session

New Zealand and Australia released unexpectedly strong employment figures today. As a result, AUD/USD rebounded to $1.0270, while NZD/USD – to $0.8480. China CPI increased by 2.4% y/y, slightly above consensus and previous at +2.1%.USD/JPY failed to close above 99.00 yesterday and is now trading at 98.75.

EUR/USD is consolidating around $1.3150 ahead of the ECB Monthly Report due later. There are no other important events on the agenda. Today the European Banks are closed in observance of Ascension Day. GBP/USD is trading at $1.5550 ahead of the BoE policy meeting at 11:00 GMT. The regulator is expected to remain on hold. USD/CAD slipped to 1.0020.

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