Greek PM Tsipras: Default would be a failure for Europe and Merkel

FXStreet (Bali) - Greek PM Tsipras is crossing the wires, noting that a Greek default would be a failure for Europe and Angela Merkel, adding that Merkel continues willing to find a solution for Greece. No response by the EUR/USD, currently trading just below 1.09, at 1.0889.

AUD should continue to depreciate - Nomura

The negative implications for Australia's GDP growth from falling iron ore prices should continue to depreciate the Aussie going forward, notes Charles St-Arnaud, Economist at Nomura.
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Rise in Japanese retail sales expected - Capital Economics

Marcel Thieliant, Economist at Capital Economics, notes that the pick-up in gasoline prices in recent weeks points to another rise in Japanese retail sales in March.
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