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Markets continue to meander following temporary resolution of US-CN trade deal earlier in the week
General trend - Mixed and light trading saw ASX in Australia outperform +0.5%, lead by REITs. - Japan’s economy contracted (first time in a year) during the first quarter, a little more than the slight contraction expected and well below the +0.6% registered in the prior quarter. Conversely, Japan’s
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DXY: Short squeeze on the cards – OCBC
US Dollar (USD) short squeeze gained traction and broadened against more currencies from safe haven to procyclical FX. MYR, Gold, JPY and THB led losses. While US reached a trade deal with UK, US Commerce Secretary Lutnick did say that trade deals with South Korea and Japan could take significantly
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Forex Today: Fedspeak takes centre stage following Fed hold
The Greenback edged sharply higher as markets digested the Federal Reserve’s decision to leave interest rates unchanged, while markets’ attention remained on the trade front following news of a US-UK trade agreement. Here is what you need to know on Friday, May 9: The US Dollar (USD) extended its re
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EUR/USD shakes off German political wobble – Danske Bank
Despite political noise out of Germany, EUR/USD held firm as markets eye the Fed for hints of dovishness and remain positioned for further USD weakness over the year, Danske Bank's FX analysts report. Fed in focus as dovish risk looms "Yesterday's session proved a poor one for the USD and despite th
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Japan’s Akazawa: Assessing impact of recent changes to US auto tariffs
Japanese Economy Minister Ryosei Akazawa said on Wednesday that they are “assessing impact of recent changes to US auto tariffs.” He added that the “aim is to make progress in US tariff talks, based on the understanding that a win-win agreement is crucial.” Share: Feed news
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