Kremlin: Putin, Trump to hold phone call at 17:00 Moscow time on MondayEurozone April final CPI +2.2% vs +2.2% y/y prelimSNB total sight deposits w.e. 16 May CHF 443.18 bn vs CHF 453.24 bn priorMarket Outlook for the week of 19th - 23rd MayEU and UK said to reach outline deal to strengthen tiesUS 30 year Treasury yield rises to 5% for the first time since AprilFX option expiries for 19 May 10am New York cutJapan Tertiary Industry Index for March 15.8% vs -0.9% priorWhat are the main events for today?Barclays expects the ECB to cut rates by 25bp in June, September and December
It's been a very boring session in terms of data and news releases.
The greenback got beaten up hour after hour as the session progressed. It's been particularly weak against the EUR and GBP where the positive news on the "EU-UK reset deal" were likely a contributing factor.
Elsewhere, Bitcoin erased all the weekend gains as it followed the US stock market lower. And in the last part of the session, we got Fed's Bostic repeating that his base case remains one rate cut in 2025 as he's worrying about the inflation part of the mandate.
In the American session, the calendar is still empty on the data front but we will have more Fed speakers sharing their views. Fed's Williams in particular could be important.
This article was written by Giuseppe Dellamotta at www.forexlive.com. Read More Details
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