Trump says US officials will send letters out soon to countries for trade dealsUS-China trade truce should be extended, says Global TimesSouth Korea delegation to visit US next week for further tariff negotiationsSouth Korea says there is possibility trade deal might come after 8 July deadlineWhat are the interest rates expectations after this week's events and data?Fed's Bostic sees just one rate cut this year amid uncertaintyECB's Villeroy: We are not currently in a currency war but rather a trade war situationECB's Kazāks: Meeting-by-meeting approach is rightSNB's Schlegel: Switzerland is not a currency manipulatorBOJ's Nakamura: US tariffs policy pose greater uncertainties, serious challenges for JapanItaly April final CPI +1.9% vs +2.0% y/y prelimEurozone March trade balance €36.8 billion vs €24.0 billion priorBarclays no longer expects a US recession in the second half of the year
Markets:
NZD leads, CHF lags on the dayEuropean equities higher; S&P 500 futures up 0.3%US 10-year yields down 5.7 bps to 4.398%Gold down 2.0% to $3,175.20WTI crude up 0.3% to $61.80Bitcoin up 0.2% to $103,712There weren't much meaningful headlines, at least not major ones, and so that is seeing broader markets stick to the theme for much of the week.
Elsewhere, the dollar isn't doing too much as well. USD/CHF is up 0.1% to 0.8368 and USD/CAD nearly flat at 1.3961 on the day.
Besides that, we are seeing bond yields come off a little on the day with 10-year yields easing back to around 4.40% and 30-year yields back under 4.90% to 4.86% currently.
I'm gonna be off for a little break next week. I wish everyone a wonderful weekend and I'll catch you guys again in just over a week. Stay safe and have a good one.
This article was written by Justin Low at www.forexlive.com. Read More Details
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