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Iran and Oman held discussions on safe transit through Strait of Hormuz
According to the state media, Iran's foreign ministry spokesperson said during the European trading session on Monday that technical teams from Iran and Oman met last week in Oman to negotiate a mechanism for safe transit in the Strait of Hormuz.
Fxstreet
Mon, May 18
ECB: June hike odds shaped by survey prices – Societe Generale
Societe Generale’s team notes that the European Central Bank's (ECB Economic Bulletin stresses that a Middle East-driven Oil shock would hit inflation more than activity, but confidence effects could weigh on 2027 growth.Fxstreet
Mon, May 18
Japan’s Kihara: Watching market moves with very high sense of urgency
Japan Chief Cabinet Secretary Seiji Kihara said during the European trading session on Monday that the administration is watching market moves, including long-term rates, with a very high sense of urgency. However, Kihara denied commenting on potential intervention in forex markets.
Fxstreet
Mon, May 18
UK Deputy to PM Lammy: There will be no timetable for departure
United Kingdom (UK) Deputy David Lammy to Prime Minister (PM) Keir Starmer said during the European trading session on Monday that the PM will not set out a timetable for his departure from Downing Street, according to Sky News. "There will be no timetable for departure," Lammy told, adding that heFxstreet
Mon, May 18
BoE's Breeden says political uncertainty is hitting the business environment — FT
Bank of England (BoE) Deputy Governor Sarah Breeden warned that political uncertainty is hitting the business environment and cautioned that the UK central bank should not be "trigger happy" when adjusting interest rates, the Financial Times reported on Monday.Fxstreet
Mon, May 18
Japanese Yen weakens as hawkish Fed bets drive USD higher
USD/JPY extends its gains for the sixth successive day, trading around 158.90 during the Asian hours on Monday. The US Dollar (USD) gains value against other currencies because the US Federal Reserve (Fed) is shifting toward a more aggressive stance on inflation.Fxstreet
Mon, May 18
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