Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
BOJ Holds Rates at 1% as Inflation Outlook Eases, October Rate Hike Still Possible 
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- Australia: Consumer inflation expectation declined to 3.6 percent in April survey. Home loans are down 0.2 percent in February, investment lending for homes up 0.5 percent.
Upcoming:
- United Kingdom: MPC member Broadbent is set for a speech at 6:30 GMT, and Governor Mark Carney at 19:00 GMT.
- France: March inflation report will be released at 6:45 GMT.
- Eurozone: Industrial production report will be released at 9:00 GMT for the month of February. ECB’s Coeure is set for a speech at 12:15 GMT.
- United States: Weekly jobless claims report will be released at 12:30 GMT, along with terms of trade report. EIA will release weekly natural gas inventory report at 14:30 GMT. FOMC member Kashkari is scheduled to speak at 21:00 GMT.
- Canada: New house price index will be updated at 12:30 GMT.
- Germany: Bundesbank President Weidman is set for a speech at 16:00 GMT.
- New Zealand: Business PMI report will be released at 22:30 GMT.
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