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EUR hits fresh one month high ahead of ECB Thursday – Scotiabank
Euro (EUR) is soft, down 0.3% against the US Dollar (USD) and a mid-performer among the G10 currencies, pulling back modestly from its overnight push to a fresh one month high, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Tue, Jun 3
Modi's soaring Indian aviation ambitions face many headwinds
IATA conference in New Delhi highlights India aviation potential Passenger traffic in India expected to triple over next 20 yearsChallenges include plane shortages, infrastructure, regulation By Abhijith Ganapavaram and Nandan Mandayam NEW DELHI, June 3 (Reuters) - Prime Minister Narendra Modi&#...Reuters
Tue, Jun 3
Chinese travel more during Dragon Boat holiday but spending lags
HONG KONG, June 3 (Reuters) - Chinese people travelled more over the three-day Dragon Boat holiday this year, but spending remained below pre-pandemic levels, government data showed on Tuesday - indicators that are closely watched as barometers of consumer confidence. Consumption in the world&#...Reuters
Tue, Jun 3
The US tariff spiral keeps turning for Aluminum and Steel – Commerzbank
US President Trump's announcement last Friday that US tariffs on Steel and Aluminum imports would be increased from 25% to 50% — with the higher tariffs being said to take effect tomorrow — initially caused further uncertainty on the base metal markets, with prices in the US rising sharply, CommerzbFxstreet
Tue, Jun 3
USD/CNH: Likely to trade in a range between 7.1800 and 7.2300 – UOB Group
US Dollar (USD) is likely to consolidate between 7.1920 and 7.2150. In the longer run, for now, USD is likely to trade in a range between 7.1800 and 7.2300, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Jun 3
POLL-US home prices to rise 3.5% this year but tariffs will hinder new construction
cpurl://apps.cp./cms/?pageId=house-poll poll dataBy Sarupya Ganguly BENGALURU, June 3 (Reuters) - U.S. home prices will rise steadily over coming years on an expected further decline in mortgage rates, according to property experts in a Reuters survey who expressed a near-unanimous view President...Reuters
Tue, Jun 3
Macron to visit Meloni after rivalry creates tension on Ukraine, trade
Macron, Meloni differences flared over Ukraine coalitionItaly, France tension on politics, diplomacy, businessLibya, Middle East could be issue for cooperationBy Michel Rose and Giselda Vagnoni PARIS/ROME, June 3 (Reuters) - French President Emmanuel Macron will visit Italian Prime Minister Giorg...Reuters
Tue, Jun 3
EUR/CHF rebounds from 0.9250/0.9210 support zone – Société Générale
EUR/CHF is showing signs of hesitation after rebounding from key support near last year’s lows. While a short-term floor has formed, the pair's inability to reclaim the 200-DMA suggests limited upside traction and leaves the door open to further downside risk, Société Générale's FX analysts note.
Fxstreet
Tue, Jun 3
