6/22 02:15 Swiss May Trade Balance (exp CHF1.5 bln, prev CHF0.63 bln)
6/22 04:00 German June IFO Business Climate (exp 108.4, prev 108.6)
6/22 04:00 German June IFO Expectations (exp 104.9, prev 104.8)
6/22 04:00 German June IFO Current Assessment (exp 112, prev 112.5)
6/22 08:45 US Fed Pianalto Speaks at Bank¡¯s Conference
The dollar had a knee-jerk rally after a report showed manufacturing activity in the Philadelphia area accelerated at the fastest test pace in more than two years. The Philadelphia Fed Index for April came out at 18, far above the consensus forecast of 6 and a 4.2 reading a month earlier.
Other data released earlier today were mixed, having little impact on the market. US weekly initial jobless claims rose from 311k to 324k, slightly worse than the estimate of 310k. US leading indicators increased 0.3%% in May, reversing a ¨C0.5% reading in the previous month and beating the expectation of a 0.2% increase.
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