News
Important Only
Mexican Peso weakens on investor fears over new administration
ECB's Holzmann: I was the only one against a rate cut
FxstreetJun 7, 2024
Greece Gross Domestic Product s.a (YoY) increased to 2.1% in 1Q from previous 1.2%
FxstreetJun 7, 2024
Singapore Foreign Reserves (MoM) up to 370.5B in May from previous 366.9B
Eurozone Gross Domestic Product s.a. (YoY) in line with expectations (0.4%) in 1Q
Eurozone Employment Change (YoY) in line with forecasts (1%) in 1Q
Forex
Mexican Peso weakens on investor fears over new administration
The Mexican Peso (MXN) pauses its decline on Friday after another bout of selling since the beginning of the week, sparked by investor fears regarding the market impact of radical changes to the Mexican constitution proposed by the country’s recently-re-elected left-wing administration.Fxstreet
Jun 7, 2024
Economic Indicator
ECB's de Guindos: Inflation is to be around 2% next year
European Central Bank (ECB) Vice President Luis de Guindos said on Friday that “inflation is to be around 2% next year.” de Guindos said that he “sees huge uncertainty in the economy.” Separately, ECB policymaker Olli Rehn noted that “inflation will continue to decline and interest rate cuts will also support economic recovery.” .Fxstreet
Jun 7, 2024
Economic Indicator
ECB’s Šimkus: It is possible that there will be more than one rate cut this year
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Friday that “it is possible that there will be more than one rate cut this year.” Additional comments Data very clearly shows disinflation.Fxstreet
Jun 7, 2024
