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USD/CNH has likely moved into a 7.1620/7.2200 range – UOB Group
US Dollar (USD) could edge higher, but any advance is likely limited to a test of 7.2070. 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 12
Ifo institute raises German growth forecasts due to new government plans
By Maria Martinez BERLIN, June 12 (Reuters) - The Ifo institute on Thursday raised its forecasts for the German economy for this year and next, expecting new government measures and a spending surge to boost the anaemic economy. The economic institute said it expects 0.3% growth this year, up fro...Reuters
Thu, Jun 12
UK gilt yields drop to one-month low after weak GDP data
LONDON, June 12 (Reuters) - British government bond yields briefly dipped to their lowest level in just over a month on Thursday after the release of weaker-than-expected gross domestic product data for April.Ten-year gilt yields GB10YT=RR fell to 4.507% at 0705 GMT, down more than 4 basis points on...Reuters
Thu, Jun 12
Euro zone bond yields dip, traders eye Middle East tensions
LONDON, June 12 (Reuters) - Euro zone bond yields dropped on Thursday as traders weighed the impact of the previous day's soft U.S. inflation data and potential safe haven flows on rising tensions in the Middle East.Germany's 10-year bond yield, the benchmark for the euro zone, dropped 4 bas...Reuters
Thu, Jun 12
ECB's Villeroy says France can limit budget deficit to 5.4%
PARIS, June 12 (Reuters) - France's budget deficit will be 5.4% in 2025, in line with the Bank of France's target, even though the Bank has lowered the growth outlook for this year and the two following years, its head told franceinfo on Thursday.Governor François Villeroy de Galhau is also ...Reuters
Thu, Jun 12
China’s Foreign Minister says government will always honour its commitments
Chinese Foreign Minister Wang Yi said on Thursday that the government will always honour its commitments, adding that he hopes the US can work with China to implement what was agreed between the two presidents.Fxstreet
Thu, Jun 12
