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Fed's Lockhart: Some encouraging data out of Europe

President the Federal Reserve Bank of Atlanta, Dennis Lockhar, continues to cross the wires, noting that there are some encouraging data coming out of Europe.

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Does not think negative interest rates are 'in the offing' in the US any time soon

Says too early to say if negative interest rates having positive effect on Europe, Japan

Australia AiG Performance of Services Index climbed from previous 49.5 to 49.7 in April

Australia AiG Performance of Services Index climbed from previous 49.5 to 49.7 in April
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AUD/JPY: downside targets 2016 lows 77.56

AUD/JPY is back on to the 80 handle with a pick-up in USD/JPY with the cross reaching a high of 80.37 while intra-session highs were recorded at 80.57 on the post-RBA cut, yet short-lived, re-bound.
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