Comments from the governing council member
The ECB isn't making the kind of shift we heard from Daly.
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ECB's Schnabel: inflation will start to normalize from January onwards
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- US May existing home sales 4.17m vs 4.07m expected
- The NZD, AUD and CAD are all rising vs the USD with the help of risk-on flows.
- US equity futures climb further on Middle East and chip hopes
- US International trade balance for April -$55.9B vs -$56.1B estimate
- Canada April trade balance +$2.72 billion vs $2.57 billion expected
- Stocks higher, yields lower and oil lower leading to a lower dollar is the formula today
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