News
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USD edges lower, broader sentiment softens – Scotiabank
The US Dollar (USD) is trading marginally softer on the session. Trade is relatively quiet on the face of it, with the North American holiday schedule (Memorial Day next Monday) after Canada’s day off yesterday perhaps affecting participation, Scotiabank's Chief FX Strategist Shaun Osborne notes.Fxstreet
Tue, May 20
European bond yields steady as US debt load falls out of the spotlight
May 20 (Reuters) - Euro zone bond yields were little changed on Tuesday as investors moved past Monday's worries around the U.S. debt load and were on the lookout for further trade deals from the world's biggest economy.
Reuters
Tue, May 20
ECB's Knot: Inflation outlook too uncertain to say whether we need a rate cut in June
European Central Bank Governing Council member Klaas Knot said on Tuesday that the medium-term inflation outlook is too uncertain to say whether the ECB needs to cut key rates again in June, per Reuters.Fxstreet
Tue, May 20
USD/CNH is likely to edge higher – UOB Group
US Dollar (USD) is likely to edge higher, but any advance is unlikely to reach the major resistance at 7.2330. In the longer run, downward momentum has largely faded; USD is likely to trade in a 7.1850/7.2450 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, May 20
The rise of e-mobility is increasingly dampening global oil demand – Commerzbank
In its annual Global Electrical Vehicle Outlook, the International Energy Agency notes an unbroken high growth trend in electric mobility, particularly in China and many emerging markets, Commerzbank's commodity analyst Barbara Lambrecht notes.Fxstreet
Tue, May 20
Qatar central bank governor: Direct impact of US tariffs on Qatar is minimal
May 20 (Reuters) - The direct impact of U.S. tariffs on Qatar is minimal because less than 2% of Qatar's exports go to the U.S., central bank governor Sheikh Bandar bin Mohammed bin Saoud Al-Thani said on Tuesday.He added that the decline in global energy prices could affect Qatar's fiscal b...Reuters
Tue, May 20
ECB's Knot says inflation picture for June meeting still unclear
AMSTERDAM, May 20 (Reuters) - ECB policymakers will need to get a clearer picture of the effects of U.S. and EU trade policies on inflation before they can decide whether interest rates need to be cut in June, ECB governing council member Klaas Knot said."I can't exclude we will decide to ha...Reuters
Tue, May 20
ANALYSIS-Global retailers' tariff strategy risks spreading pain beyond US consumer
Global retailers may spread tariff pain by raising prices outside USSmaller price increases in US could limit sales impactWalmart criticised by Trump for saying it would raise pricesPrice hikes in Europe could fuel inflation Central bankers in Europe, UK on watch for inflation impactBy Helen Reid an...Reuters
Tue, May 20
The return of the twin deficit? – Commerzbank
You have to look long and hard to find any arguments in favor of the dollar at the moment. And I fear that, in all the turmoil, another structurally negative constellation could ultimately emerge, one that the 'old hands' among us in the market probably still remember: the US twin deficit.Fxstreet
Tue, May 20
Thailand says wants fair trading relationship with U.S.
BANGKOK, May 20 (Reuters) - Thailand is committed to creating a fair relationship in trade and investment with the United States, the finance minister said on Tuesday as the Southeast Asian nation seeks talks with Washington to head off threatened tariffs.Thailand faces a 36% U.S. tariff if a reduct...Reuters
Tue, May 20
Taiwan April export orders beat forecasts, but outlook cautious on US tariffs
Export orders +19.8 y/y vs +10.0% Reuters poll forecastOrders from China +5.7% y/y vs -5.3% in prior monthMinistry sees May orders between +12.5% and +16.6% y/yMinistry cautious about outlook given geopolitical risksTAIPEI, May 20 (Reuters) - Taiwan's export orders rose more than expected in Apr...Reuters
Tue, May 20
Germany's VCI says chemical sector sales grew 1.8% in 1st quarter, confirms outlook
May 20 (Reuters) - Quarterly sales in Germany's chemical industry grew 1.8% from last year, helped by higher demand and pull-forward effects from U.S. customers stocking up, industry lobby VCI said on Tuesday, but warned the negative market sentiment would keep weighing on the sector.High produc...Reuters
Tue, May 20
