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Global investment decline may worsen due to tariffs, UN trade agency warns
By Olivia Le PoidevinGENEVA, June 19 (Reuters) - Global foreign direct investment fell for the second consecutive year in 2024, with fears this year could be even worse as trade tensions rock investor confidence, the United Nations agency for trade and development said in a report published on Thurs...Reuters
Thu, Jun 19
USD/CNH: Likely to trade in a range between 7.1830 and 7.2030 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1830 and 7.2030 against Chinese Yuan (CNH). In the longer run, 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
Thu, Jun 19
Taiwan central bank stands pat, signals no rate cut this year
Taiwan c.bank keeps policy interest rate unchanged as expectedCentral bank maintains economic growth forecast for this yearBank does not see conditions for rate cut at this timeBank sees risks ahead from U.S. tariffs, geopoliticsBy Liang-sa Loh and Faith Hung TAIPEI, June 19 (Reuters) - Taiwan...Reuters
Thu, Jun 19
China's 618 shopping fest sets record, but daily spending slips
Budget-conscious buyers not enticed by longer 618 eventRetail sales growth in May driven by early 618 startSubsidy suspension may impact June retail sales, analysts sayBy Sophie Yu and Casey Hall BEIJING, June 19 (Reuters) - China's largest mid-year shopping festival, 618, ended on Wednesday ...Reuters
Thu, Jun 19
Singapore fuel oil stockpiles retreat, fall to 5-week low
SINGAPORE, June 19 (Reuters) - Onshore fuel oil stockpiles at key trading hub Singapore declined after four straight weeks of gains, data showed on Thursday. Residual fuel inventories STKRS-SIN fell 9.3% week-on-week to 21.5 million barrels (roughly 3.387 million metric tonnes) in the week to June 1...Reuters
Thu, Jun 19
SNB’s Tschudin: Economic situation for Switzerland has become considerably more uncertain
Swiss National Bank (SNB) governing board member Petra Tschudin is addressing the post-policy meeting press conference, explaining the decision behind the 25 basis points (bps) interest rate cut to 0%.
Fxstreet
Thu, Jun 19
SNB's Martin: Interest rate environment in Switzerland has started to weigh on banks' profitability
Swiss National Bank (SNB) Vice Chairman Antoine Martin is speaking at the post-policy meeting press conference, explaining the decision behind the 25 basis points (bps) interest rate cut to 0%.Fxstreet
Thu, Jun 19
China likely to keep lending rates steady after May cut, trade truce
SHANGHAI, June 19 (Reuters) - China is widely expected to keep its benchmark lending rates unchanged at a monthly fixing on Friday, a Reuters survey showed, after Beijing rolled out sweeping monetary easing measures a month earlier to aid the economy.A framework agreement covering tariff rates betwe...Reuters
Thu, Jun 19
GBP/JPY extends decline below 194.50 ahead of BoE rate decision
The GBP/JPY cross extends its downside to near 194.45 during the early European trading hours on Thursday. The Pound Sterling (GBP) softens against the Japanese Yen (JPY) due to the looming threat of a broader conflict in the Middle East and possible US involvement.
Fxstreet
Thu, Jun 19
