Daily FX Update, 19 May 2015

v  US NAHB housing market index fall to +54 in May from +56 in April   v  Chicago Fed President Chris Evans (dovish, voter) reiterates that the Fed shouldn’t commence its normalisation process until early 2016  v  Core machine orders in Japan up 2.9% m/m in March          v  Home prices in majority of the Chinese cities continue to decline in April   v  Thai economy grows at a sluggish pace in the first quarter    v  Non-oil domestic exports in Singapore advance 2.2% y/y in April