Today, European Union finance ministers still hold ECOFIN meeting,the market still expecting a solution to Greece's hard for the euro tosustain its rebound if the problem still hanging Greece. Data arescheduled German business sentiment index, which is expected tofall to 17.3 in May from 19.7 in April.
Regarding other currencies, the Aussie corrected following the RBAMinutes which shows the neutral position. RBA does not provideguidance about when to raise rates again. Minutes showed the RBAview the current policy, aided by the appreciation of the Australian dollar, is still appropriate.
Sterling consolidate ahead of UK inflation data today. The data isexpected to show annual inflation rose 4.1% in April. The increase in excess of predictions may be slightly raised sterling.
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