Foreign exchange market. Asian session

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

00:00 Japan Bank holiday

01:30 Australia Trade Balance March -1.61 Revised From -1.26 -1.0 -1.32

04:30 Australia Announcement of the RBA decision on the discount rate 2.25% 2% 2.0%

04:30 Australia RBA Rate Statement

The Australian dollar tumbled from 0.7850 to as low as 0.7795 against the greenback after the Reserve Bank of Australia cut its policy rate to 2.00% from 2.25% as many market participants had anticipated, and then quickly rebounded to as high as 0.7905.

Pair undermined by uncertainty over outcome of Thursday's U.K. general election; positive USD sentiment (ICE spot dollar index last 95.42 versus 95.25 early Monday); continued impact from Friday's weak U.K. April manufacturing PMI data. Data focus Tuesday on 0830 GMT U.K. April CIPS / Markit construction PMI (forecast 57.5 versus March's 57.8).

EUR / USD: during the Asian session, the pair was trading around $ 1.1140

GBP / USD: during the Asian session, the pair was trading around $ 1.5115

USD / JPY: during the Asian session, the pair was trading around Y120.15