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The night brings white smoke over London – Commerzbank
An agreement was finally reached in the trade talks between China and the US in London in the middle of the night. As expected, the foreign exchange market did not react strongly to the news, Commerzbank's FX analyst Michael Pfister notes.Fxstreet
Wed, Jun 11
Japan PM says fresh issuance of deficit-financing bonds not an option
TOKYO, June 11 (Reuters) - Japanese Prime Minister Shigeru Ishiba said on Wednesday that issuing more deficit-financing bonds was "not an option the government could take" in light of the country's already stretched finances."Given that Japan's fiscal situation remains tight, we ...Reuters
Wed, Jun 11
Japan PM says wage growth better than tax cuts to combat inflation
TOKYO, June 11 (Reuters) - Japanese Prime Minister Shigeru Ishiba said on Wednesday that achieving wage growth is the most effective way to help households combat inflation, while brushing off the idea of reducing the consumption tax rate."Wage growth is the most effective measure to combat risi...Reuters
Wed, Jun 11
USD/CNH: Expected to trade in a range of 7.1730/7.1970 – UOB Group
US Dollar (USD) is expected to trade in a range of 7.1730/7.1970 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
Wed, Jun 11
Japan: BoJ to pause hike in June, continue QT – Standard Chartered
Bank of Japan (BoJ) will hike by 25bps in Q4 on concerns over growth momentum. USD/JPY’s failure to break below 142 on multiple occasions since May raises the risk of a short squeeze. The BoJ to continue with QT at JPY 400bn per quarter from April 2026.
Fxstreet
Wed, Jun 11
Japan's economy minister warns of negative impact from rise in yields
TOKYO, June 11 (Reuters) - Japan's Economic Revitalisation Minister, Ryosei Akazawa, said on Wednesday sharp rises in Japanese government bond yields could have an undesirable impact on the economy."If interest rates rise sharply, that could increase the cost of financing Japan's debt,&#...Reuters
Wed, Jun 11
ANALYSIS-As US trade truce gets back on track, some Chinese exporters are 'slowly dying'
U.S.-China trade talks in London expected to restore trade truceBut tariff pain ongoing in China, small exporters strugglingSome firms are selling at a loss, others are delaying wagesWashington likely to use tariff damage on China as leverageBut Beijing can still bear more pain than Washington-analy...Reuters
Wed, Jun 11
World Bank, OECD, and IMF All Cut 2025 Economic Growth Forecasts Due to Trump’s Tariffs
TradingKey - Following the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD), the World Bank has now also downgraded its forecast for global economic growth in 2025, warning that the 2020s may become the slowest-growing decade since the 1960s.TradingKey
Wed, Jun 11
EU aims for US trade talks to extend past Trump’s July deadline – Bloomberg
Citing people familiar with the matter, Bloomberg reported on Wednesday that the European Union (EU) believes trade negotiations with the United States (US) to extend beyond President Donald Trump’s July 9 deadline.Fxstreet
Wed, Jun 11
Germany's imports from Russia fall by 95% since start of Ukraine war
June 11 (Reuters) - Germany's imports of goods from Russia fell by 95% in the 2021-2024 period while its exports of goods to Russia were cut by 72%, the country's statistics office Destatis reported on Wednesday.The European Union as a whole cut its imports from Russia by 78% and exports by ...Reuters
Wed, Jun 11
Euro zone yields mixed before US data, markets await details on US-China deal
By Stefano Rebaudo June 11 (Reuters) - Euro zone government bond yields were mixed on Wednesday as investors awaited U.S. consumer price index data later in the session and details of the outcome of trade talks between the U.S. and China.U.S. and Chinese officials agreed on a framework to put the...Reuters
Wed, Jun 11
