EUR/USD back below 1.3100 on EUR/AUD selling
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- RBA raises cash rate to 4.35% in May monetary policy meeting, as expected
- Heads up: RBA monetary policy decision set for the bottom of the hour
- investingLive Asia-Pacific FX news wrap: Awaiting the RBA, expected to hike by 25bp
- Bank of Canada's Macklem backs Fed independence ahead of Powell departure
- RBA set to hike to 4.35% today. NAB sees cash rate peaking near 4.6%.
- Rabobank holds yen bull view despite poor run, eyes Hormuz as key risk
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PCTY, LEN, EXPO show cash but slow growth & shrinking margins. Avoid these valuations.
AppLovin surged 12% in April, analysts see 710 price target. Forward P/E of 30 looks attractive.
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