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ECB’s Praet calls for a refi rate cut to 0.15% - Der Spiegel

FXStreet (Bali) - Following headlines from Reuters last week on the ECB preparing a new package of measures to combat disinflation in Europe, the German magazine Der Spiegel published an interview with ECB governing council member Peter Praet, who called for a refi rate cut to 0.15% at June meet, also saying it will recommend negative deposit rates. There were no comments related to Praet's view on the VLTRO for ABS or outright ABS purchases.

Specs turn short Euro 1st time in 3 months - BBH

Marc Chandler, Global Head of Currency Strategy at BBH, provides a summary of last week's speculative positioning in the CME currency futures, noting the shift to Euro short positions.
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China house prices fall to 11-month low

China April house prices printed yet another depressed reading if compared to recent year's standards, after posting an 11-month low with average new home prices in 70 cities at +6.7% vs 7.7% prior. The decline is further evidence of the cool down in China's property market, with the market struggling with oversupply, which will only add pressure to calls for additional easing measures by policymakers.
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