News
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USD/CNH: Likely to trade in a range between 7.1660 and 7.1860 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1660 and 7.1860. In the longer run, mild downward pressure could lead to USD edging lower; it remains to be seen if it can reach 7.1400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Jun 6
Euro zone bond yields ease ahead of key US jobs data
By Linda Pasquini June 6 (Reuters) - Euro zone bond yields eased ahead of key U.S. jobs data on Friday, a day after they spiked following a signal from the European Central Bank that it may be nearing the end of its rate-cutting cycle.The ECB cut its deposit rate by 25 basis points to 2% on Thurs...Reuters
Fri, Jun 6
US labor market: weaker, but not weak – Commerzbank
Today is that time again – Payroll Friday. The first Friday of the month when, as is traditional, the US labor market report is published. According to Bloomberg, the consensus expectation is that the US economy created 126,000 new jobs in May.Fxstreet
Fri, Jun 6
USD: Market wants a softer jobs figure – ING
Fortunately, the very public fallout between President Trump and Elon Musk has not had broader market implications. Despite the travails for Tesla, the broader S&P 500 was only off 0.5% yesterday and futures now call the S&P modestly higher today.Fxstreet
Fri, Jun 6
Italy stats bureau cuts 2025 GDP growth estimate, in line with government
ROME, June 6 (Reuters) - Italy's economy will grow by 0.6% this year, national statistics bureau ISTAT said on Friday, trimming a previous forecast of 0.8% made in December amid mounting uncertainty over the impact of U.S. President Donald Trump's tariff policy.In its twice-yearly economic o...Reuters
Fri, Jun 6
Japan's government to say it is not relying on tax cuts to boost income
By Makiko Yamazaki and Takaya Yamaguchi TOKYO, June 6 (Reuters) - Japan's government is distancing itself from tax cuts in its annual policy guidelines, amid heightened volatility in the government debt market driven partly by concerns about the country's tattered finances.The draft of th...Reuters
Fri, Jun 6
Euro zone bond yields ease ahead of key U.S. jobs data
By Linda Pasquini June 6 (Reuters) - Euro zone bond yields eased ahead of key U.S. jobs data on Friday, a day after they spiked following a signal from the European Central Bank that it may be nearing the end of its rate-cutting cycle.The ECB cut its deposit rate by 25 basis points to 2% on Thurs...Reuters
Fri, Jun 6
German exports, industrial output dip as pre-tariff boost ends
German exports fell 1.7% in April, exports to US down 10.5% Front-loading ahead of US tariffs reverses in AprilIndustrial production fell 1.4%, but orders rose 0.6% in AprilBy Maria Martinez BERLIN, June 6 (Reuters) - German exports and industrial output fell more than expected in April as demand...Reuters
Fri, Jun 6
