UK Retail Sales drop 0.5% MoM in May vs. -0.7% expected
The UK Retail Sales came in at -0.5% MoM in May, beat estimates Core Retail Sales
AUD/USD: Faces solid support around 0.6850 – UOB
Further downside in AUD/USD is seen meeting decent contention in the mid-0.6800s in the near
GBP/USD slides below 1.2300 as downbeat UK Retail Sales join political jitters
GBP/USD takes offers to justify downbeat UK Retail Sales data for May. UK Retail Sales
USD/JPY could extend the drop to 133.50 – UOB
Further corrective downside could drag USD/JPY to the 133.50 region in the short-term horizon, commented
FX option expiries for June 24 NY cut
FX option expiries for June 24 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
Powell speech: Growth this year should still be fairly strong
FOMC Chairman Jerome Powell is testifying before the House Financial Services Committee on "Monetary Policy and
Fed’s Bowman: Another 75 bps rate hike will be appropriate in July
Federal Reserve Governor Michelle Bowman said on Thursday another 75 basis points (bps) rate increase
Powell speech: Big part of inflation won’t be affected by our tools
FOMC Chairman Jerome Powell is testifying before the House Financial Services Committee on "Monetary Policy
NZD/USD slides below 0.6300 after Powell comments at the US congress
The New Zealand dollar is crawling in the week, down 0.61%. US Fed pace tightening,
USD/CAD: Loonie’s profile softer as Fed races to higher terminal rate – CIBC
Analysts at CIBC see the USD/CAD pair trading around 1.29 during the third quarter and