Daily FX Update, 12 May 2015

v  San Francisco Fed President Williams expects growth to bounce back in Q2 v  Focus in European FX was on Greece’s deteriorating liquidity position v  Malaysia's Industrial production increased at a faster-than-expected pace in March      v  The sales value of manufacturing sector in Malaysia rose 4.4% y/y        v  The international reserves of BNM amounted to US$105.8 billion as at 30 April 2015 v  China slashed its interest rates for the third time in six months over the weekend