News
Important Only
RUB: Now the next rate cut – Commerzbank
Russia’s central bank (CBR) issued a 100bp surprise rate cut at its last meeting in May, but it reiterated its hawkish message, hence it did not appear that the CB would continue to cut rates– Commerzbank, Commerzbank's FX analyst Tatha Ghose notes.Fxstreet
Fri, Jun 20
USD/CNH: Likely to trade in a lower range of 7.1750/7.1930 – UOB Group
Slight increase in downward momentum is likely to lead to a lower range of 7.1750/7.1930. In the longer run, US Dollar (USD) has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Jun 20
Morning News Call - Canada, June 20
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0830 New Housing...Reuters
Fri, Jun 20
Germany's Merz, Turkey's Erdogan discuss Middle East conflict, says Berlin
BERLIN, June 20 (Reuters) - German Chancellor Friedrich Merz spoke with Turkish President Tayyip Erdogan about the conflict between Israel and Iran over the phone on Friday, said a German government spokesperson.The two leaders spoke about their diplomatic efforts to prevent further escalation in th...Reuters
Fri, Jun 20
China SMEI: Demand weakened in June – Standard Chartered
Headline SMEI eased further to a nine-month low of 50.1 in June as new orders shrank. Export-oriented SMEs’ performance sub-index fell below the 50 level, reflecting the tariff chill. Non-manufacturing SMEs’ performance stayed in contractionary territory for a third straight month.Fxstreet
Fri, Jun 20
Trump's economic 'golden age' meets Fed's brass tacks
Policymakers project slower growth, higher unemployment and inflationOutlook is now for fewer interest rate cuts, slower pace of easingRisks remain with Trump's July tariff deadline comingBy Howard Schneider WASHINGTON, June 20 (Reuters) - President Donald Trump's inauguration promise in ...Reuters
Fri, Jun 20
Iran likely to be discussed at NATO summit, German government spokesperson says
June 20 (Reuters) - Iran will likely be a topic of discussion at next week's NATO summit, a German government spokesperson said during a news conference on Friday."We do not comment on allies' possible attack plans," the spokesperson said, referring to U.S. President Donald Trump say...Reuters
Fri, Jun 20
China's January-to-May fiscal revenue falls 0.3%
BEIJING, June 20 (Reuters) - China's fiscal revenue declined by 0.3% in the first five months of 2025 from a year earlier, finance ministry data showed on Friday, as global trade uncertainty intensified by U.S. tariffs weighed on the economy.Fiscal revenue in the January-May period, totalling 9....Reuters
Fri, Jun 20
Iran willing to pursue 'pragmatic' policy with Europe, diplomat says
BERLIN, June 20 (Reuters) - Iran is willing to pursue a balanced and pragmatic policy in its dealings with Europe, and engage rationally with both East and West, an Iranian diplomat said in Berlin on Friday. "Meanwhile, Iran can prove to be a chess piece for Europe to ease the dual pressure betw...Reuters
Fri, Jun 20
Taiwan May export orders rise on robust AI demand; geopolitical risks seen
Export orders +18.5% y/y vs +18.9% Reuters poll forecastOrders from China -2.4% y/y vs +5.7% in prior monthMinistry sees June orders between +16.3% and +20.7% y/yMinistry cautious about outlook given geopolitical risksTAIPEI, June 20 (Reuters) - Taiwan's export orders rose in May as demand for t...Reuters
Fri, Jun 20
China's fiscal revenue falls 0.3% in January-May period
BEIJING, June 20 (Reuters) - China's fiscal revenue shrank 0.3% in the first five months of 2025 from a year earlier, narrowing a 0.4% decline in the January-April period, finance ministry data showed on Friday.Fiscal expenditure was up 4.2% in the first five months, versus a 4.6% gain in the fi...Reuters
Fri, Jun 20
Greece's current account deficit shrinks in April
ATHENS, June 20 (Reuters) - Greece's current account deficit shrank to 2.1 billion euros in April from 2.5 billion euros in the same month last year on the back of higher tourism revenues and falling imports, Bank of Greece showed on Friday.Revenues from tourism, a major economic driver for the ...Reuters
Fri, Jun 20
