FX News

Key Points this Week:

Key Points:

European Inflation eased from 7.0% to 6.1% year on year.
Australian House prices rose in May, the biggest move since November 2021.
The Federal Reserve awaits crucial Non-Farm Payroll release for ongoing policy guidance.
US ISM May Manufacturing 46.9 vs 47.0 expected.
Chinese Manufacturing Caixin index reported its highest level since June 2022 even though the gauge remained weaker than supply.
Canadian Manufacturing 49.0 vs 50.2 prior, based on softer new orders and less output.
Rate hikes are starting to have an impact on inflation- ECB’s Villeroy. Meanwhile Lagarde commented that the ECB needs to continue with hiking and is confident they can return inflation back to their 2% target over the following months.
The US Dollar (USD) has been the worst performer this week, the best performer has been the Japanese Yen (JPY).

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