US reports April auto sales today - BBH

Research Team at BBH, notes that ahead of tomorrow's data (ADP employment estimate, ISM services, and factory orders), the US reports April auto sales today.

Key Quotes

“Sales are expected to have ticked up in April to 17.4 mln vehicles at an annualized rate.

Three Fed Presidents speak. Mester moderates a panel on monetary policy and liquidity. Williams is on Bloomberg radio, while Lockhart addresses a World Affairs Council in Florida. There is not much that can be said that will influence investors' expectations for next FOMC meeting in June.”

MXN remains vulnerable – Rabobank

Strategist at Rabobank Christian Lawrence sees the Mexican Peso still under pressure in the next months...
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US Treasury puts China on new “Monitoring List” - ING

Tim Condon, Chief Economist at ING, suggests that their yearend USDCNY forecast, which assumes the authorities are pegging to a basket, is 6.47 (spot 6.48, Bloomberg consensus 6.69).
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