German IFO Business Climate Index beat estimates with 87.5 in May. EUR/USD remains pressured above 1.1300 on German sentiment data. The headline German IFO Business Climate Index rose to 87.5 in May from 86.9 in April. The data came in slightly […]
German IFO Business Climate Index climbs to 87.5 in May vs. 87.4 expected Read More »
Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said early Thursday “ the US did not discuss FX levels at finance ministers’ meeting.” Additional comments Reaffirmed that forex should be determined by the market.
US did not discuss FX levels at finance ministers’ meeting Read More »
A key congressional committee, the House panel, approved President Donald Trump’s tax cut bill early Monday, paving the way for possible passage in the House of Representatives later this week. “The deliberations continue at this very moment. They will continue
US House panel approves Trump tax cut bill, a possible vote on passage this week Read More »
Following the publication of the high-impact China’s April activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday. Key quotes (via Reuters) Productivity demand grew steadily. Employment situation generally stable. Economy grew steadily in
Economy grew steadily in face of pressure Read More »
Bank of Japan (BoJ) board member Toyoaki Nakamura said on Friday that “uncertainty over economic outlook heightening, so cautious monetary policy approach is necessary.” Additional quotes US trade policy, overseas economies, FX do affect Japan’s economy, prices so must be
Economic uncertainty heightening, so cautious policy approach necessary Read More »
Citing a White House executive order, Reuters reported on Tuesday that the US will cut “de minimis” tariffs on China shipments from 120% to 54%, with a minimum flat fee of $100 to remain. This comes after Reuters cited a
US will cut “de minimis” tariffs on China shipments from 120% to 54% Read More »
Speaking at the opening ceremony of the fourth ministerial meeting of the China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing on Tuesday, Chinese President Xi Jinping said that “tariff and trade wars produce no winners.” Further comments
Tariff and trade wars produce no winners Read More »
FX option expiries for May 12 NY cut at 10:00 Eastern Time via DTCC can be found below. EUR/USD: EUR amounts 1.1190 998m 1.1250 2.5b 1.1350 1.2b 1.1400 742m GBP/USD: GBP amounts USD/JPY: USD amounts 142.45 800m 145.00 3b 145.65 1.1b USD/CHF:
FX option expiries for May 12 NY cut Read More »
Speaking in the Japanese parliament on Monday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the central bank “will adjust the degree of monetary easing if the 2% inflation target is likely to be achieved.” Additional quotes Cannot sell
European Central Bank (ECB) Vice President Luis de Guindos said on Monday, “trade war is bad news for the world economy, everyone loses in that situation.” US President Donald “Trump administration has increased economic uncertainty due to tariffs, deregulation,” the ECB
Trade war is bad news for the world economy, everyone loses in that situation Read More »
