There’s not much data on the economic calendar down under this week and both the Aussie and Kiwi are being driven by global factors, principally those influencing the chance the US Federal Reserve will raise its rate target in June (now 35% odds) or July (55%). But for NZDUSD, tomorrow’s government budget may have have some impact, mainly around the economic forecasts contained in background documents. Although its not an election year, Finance Minister Bill English has room for a few populist initiatives because the economy has been performing at its potential for some time and the budget projections are likely show ... (full story)