TRUMP ANNOUNCES PAKISTANI DELEGATION TO VISIT US FOR TRADE TALKS NEXT WEEK
Former President Trump revealed that representatives from Pakistan will be visiting the United States next week to engage in trade discussions. This development could influence bilateral economic relations and potentially impact currency valuations between the two countries.
SAUDI FOREIGN MINISTER TO LEAD ARAB DELEGATION MEETING PALESTINIAN LEADER
The Saudi Foreign Minister is scheduled to lead an Arab delegation to meet with Palestinian Authority President Mahmoud Abbas on Sunday, signaling potential diplomatic discussions in the region. This meeting may impact geopolitical dynamics in the Middle East.
Nomura Forecast: Overvalued Dollar Set to Weaken Further, End-2026 USD/JPY Forecast 130
The US dollar to yen exchange rate (USD/JPY) surged to a seven-week best just above 148.50 in mid-May before fresh losses to around 144.0 at month-end. Nomura expects that the dollar will post further losses over the medium term while the yen will be resilient in global markets.
Japanese Yen Outlook: USD/JPY Eyes Payrolls as Trade Risks Linger
Despite last week's short-covering burst, USD/JPY remains rangebound as risk appetite holds up and U.S. Treasury markets calm. With trade noise still high and key data due, a breakout may have to wait.
MACRON TOUTS 'POSITIVE NEW' ASIA-EUROPE ALLIANCE AMID US-CHINA RIVALRY
French President Emmanuel Macron highlights the formation of a new Asia-Europe alliance as a constructive development amidst escalating US-China tensions. This strategic partnership aims to strengthen cooperation and economic ties between the two regions. The move reflects shifting geopolitical dynamics influencing global trade and investment.
CHINA INSTALLS THREE MORE BUOYS NEAR OVERLAPPING WATERS WITH SOUTH KOREA
China has installed three additional buoys in waters that are claimed by both China and South Korea, escalating tensions in the disputed maritime area. This move may impact regional geopolitical stability and economic relations between the two countries.
U.S. TREASURY EMPHASIZES ONGOING FRANK AND CONSTRUCTIVE TALKS ON TARIFFS
The U.S. Treasury has highlighted the importance of continuing frank and constructive discussions, focusing on addressing tariffs and non-tariff measures. These talks aim to ease trade tensions and promote better economic cooperation.
FED'S DALY CALLS APRIL PCE 'GOOD RELIEF' BUT INCOMPLETE PICTURE
Federal Reserve Governor Mary Daly described the April Personal Consumption Expenditures (PCE) data as a positive sign but noted it does not provide a complete view of the economic situation. Her comments suggest cautious optimism regarding inflation trends and monetary policy outlook.
TRUMP DECLARES U.S. STEEL TO BE CONTROLLED BY USA
Former President Trump announced that the U.S. steel industry will be under American control, emphasizing national sovereignty over critical industries. This move signals a focus on domestic production and potential trade policy shifts.
TRUMP SAYS STEEL TARIFFS GO INTO EFFECT NEXT WEEK
President Trump announced that steel tariffs will be implemented starting next week, signaling increased trade protectionism. This move could impact global trade dynamics and influence currency markets due to potential shifts in trade balances and investor sentiment.