Research Team at Lloyds Bank, notes that the RBA minutes overnight highlighted their continued accommodative stance until inflation picks up, but also acknowledged the positive signs in the economy. Key Quotes “Currency strength was again highlighted as a possible hindrance to the recovery. Governor Stevens’ speech in New York will be more of a focus now, especially as the AUDUSD made new highs overnight. This morning we get the latest ZEW survey out of Germany. With a general global sentiment pickup around recent data and especially the stability in the equity markets, we look for this to be reflected in today's release. Given the recent additional bout of ECB policy easing, the ECB’s Bank Lending Survey for Q1, which covers lenders’ views on credit demand and supply, could attract more attention than usual. Yesterday’s NAHB index of confidence among US house builders during April, which suggested that sentiment remains fairly solid, should be supported by today’s ‘hard data’ on US housing and building permit figures for March. The New York US Presidential primaries are also taking place. The UK spotlight will fall on Governor Carney’s afternoon testimony before the House of Lords Economic Affairs Committee on the general economic outlook. The Governor is expected to reiterate the moderately positive tone of last week’s minutes of the April MPC policy meeting, while acknowledging potential global and domestic headwinds.” For more information, read our latest forex news.