Market outlook for the week of 25th-29th May
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Monday starts off quietly, with no major scheduled economic events for the FX market. Many countries in Europe and the U.K. will have a bank holiday while the U.S. will observe Memorial Day. On Tuesday, Japan will release the Bank of Japan core CPI y/y, while the U.S. will get th
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4 itemsMarket outlook for the week of 4th - 8th May
Lead — The desk anticipates a cautious week for the FX market, with significant attention on the RBA's monetary policy decision and U.S. labor data releases. Per the full note [source], geopolitical tensions and inflationary pressures are likely to influence central bank actions, particularly in Australia. The consensus suggests a 25 bps hike from the RBA, aligning with market expectations. Additionally, the upcoming U.S. employment data could reveal further insights into the labor market's trajectory, impacting USD positioning.