GS on CNY
- GS forecast CNY to strengthen to 6.5000 against the USD during next 12 months
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Goldman Sachs forecasts CNY strength
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Gold consolidates around the 4,000 level as traders await the US NFP and CPI reports
- ECB's Wunsch: We might need another rate hike but not necessarily in July
- Italy inflation only marginally lower in June as services inflation cool a little
- BOJ policymaker Sato says short-term volatile moves in exchange rate are undesirable
- ECB policymaker Nagel says it's too early to make a call on rate hikes
- German states see further drop in inflation pressures in June
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