FOREX

The data calendar for next week is not so heavy with US and Eurozone having nothing major to wait for. GDP estimate by NIESR and ILO unemployment rate for UK are important for that economy while rate decisions in Japan and New Zealand are unlikely to surprise markets. China CPI is the most important from Asia.

The US dollar traded choppy after the jobs report on Friday but stayed firm into the later hours of the day given the lower-than-expected payroll additions in May.

The people of UK expect the price rise to slow down in the years ahead, according to a BoE survey.

US dollar moved sideways in narrow ranges on Friday in Asia and remained so in early Europe.

The European Central Bank on Thursday cut its main refinancing rate by 10 basis points to 0.15% and the new rate for overnight deposits is -0.1%.

Markit Economics is cautious about pricing in a hawkish turnout at the BoE policy review on Thursday.

IB Times UK technical analysis sees strong support at 0.9164 for AUD/USD.

Sterling remains strong versus the euro ahead of BoE and ECB policy meetings on Thursday.

Anticipated increase in India's current account deficit to weigh on rupee valuation.

But analysts warn that internationalisation of Chinese currency could take 25 years.

Weak demand in leading bullion buyer China also weighs on prices.

Political upheaval in India and Thailand propelling nations in different directions.

Sterling climbs to its highest rate since 2009, but manufacturers warn that it could hurt exports.

Rouble depreciation led to falling income and profits in the first quarter.

Singapore has overtaken the British capital as the top overseas clearing centre for China's RMB.

Deutsche Bank research shows Britain has less than 1% of the world's foreign currency reserves.

Deal comes after similar agreement between Germany and China.

Investors show confidence in Turkey after Prime Minister Erdogan's AK Party wins local elections.

Deal will make London first western yuan trading hub.

Barclays advises investors to take profits before election results.

Yen lost nearly 7% against US dollar in fourth quarter of 2013, while Brazilian real fell more than 6% and Canadian dollar dropped 3%.

Traditional safe-havens such as Swiss franc and Japanese yen also gain.

Brokerages expect Indian rupee to hit 59 in near term.

Foreign funds have bought $5.6bn in Indian debt and over $800m in equities this year.

Upbeat current account deficit numbers boost sentiment in Asia's third-largest economy.

Yuan tumbled on 28 February on rumours PBoC would widen currency's trading band.

Rouble fell 2.5% against the dollar to 36.44 and 1.5% against the euro to 50.21.

Yuan forecast to gain 2.9% in remainder of 2014.

Yuan payments heavily concentrated in Hong Kong.