Daily FX Update, 29 May 2015

v  US initial jobless claims rise to 282k from an upwardly revised 275k last week         v  Pending home sales in US increase 3.4% m/m in April v  Euro area economic confidence indicators are mostly slightly stronger in April         v  UK Q1 GDP growth is unrevised at 0.3% q/q  v  Japan's retail sales rebound modestly in April after three straight months of falls v  China quickens pace for linking domestic and global markets v  Philippine economic growth suffers a sharp slowdown in the first quarter