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Chinese Vice Foreign Minister Ma Zhaoxu & US Deputy Sec State Landau spoke Thursday
Chinese Vice Foreign Minister Ma Zhaoxu & US Deputy Sec State Landau spoke Thursday
Agreed on the importance of keeping open lines of communication.
WTI declines to below $61.00 on potential OPEC+ output hike
WTI declines to below $61.00 on potential OPEC+ output hike
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.75 during the Asian trading hours on Friday. The WTI price edges lower amid concerns that global supply could outpace demand growth.
Oil
WTI
Commodities
Macroeconomics
Japan’s Akazawa heading back to the US around May 30 for more trade talks
Japan’s Akazawa heading back to the US around May 30 for more trade talks
Japan's Economy Minister Ryosei Akazawa said on Friday that he intends to visit the US around May 30 for the fourth round of talks,  Reuters with the info citing unnamed sources.
Japan
UnitedStates
Macroeconomics
TradeWar
PBOC sets USD/CNY reference rate at 7.1919 vs. 7.1903 previous
PBOC sets USD/CNY reference rate at 7.1919 vs. 7.1903 previous
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1919 as compared to the previous day's fix of 7.1903 and 7.2151 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
Japan Akazawa: Japan to request elimination of US tariffs, but want to reach agreement
Japan Akazawa: Japan to request elimination of US tariffs, but want to reach agreement
Japan's Akazawa says no change to Japan’s stance to request elimination of US tariffs
Japan's new farm minister aims to cut 5kg rice prices below ¥3,000
Japan's new farm minister aims to cut 5kg rice prices below ¥3,000
Soaring rice prices have already claimed one government minister
NZD/USD holds positive ground near 0.5900 as New Zealand Retail Sales beat expectations
NZD/USD holds positive ground near 0.5900 as New Zealand Retail Sales beat expectations
The NZD/USD pair posts modest gains near 0.5900 during the early Asian session onn Thursday. The upbeat New Zealand Retail Sales data provide some support to the Kiwi against the US Dollar (USD).
NZDUSD
Majors
Macroeconomics
Lagarde speech: We must question links of dependency that we have with US
Lagarde speech: We must question links of dependency that we have with US
European Central Bank (ECB) President Christine Lagarde said on Friday that with US President Donald Trump’s extension of his trade war to nearly every country, we must question the links of dependency that we have with each other and, in certain matters, with the United States.
ECB
CentralBanks
Macroeconomics
Japan’s National CPI climbs 3.6 % YoY in April, Core CPI rises more than expected
Japan’s National CPI climbs 3.6 % YoY in April, Core CPI rises more than expected
Japan’s National Consumer Price Index (CPI) climbed by 3.6% YoY in April, compared to the previous reading of 3.6%, according to the latest data released by the Japan Statistics Bureau on Friday.
Japan
CPI
Inflation
Macroeconomics
USD/CAD posts modest gains to near 1.3850 on upbeat US PMI data
USD/CAD posts modest gains to near 1.3850 on upbeat US PMI data
The USD/CAD pair trades with mild gains around 1.3855, snapping the four-day losing streak during the early Asian session on Friday. The US Dollar (USD) edges higher against the Canadian Dollar (CAD) due to the stronger-than-expected Purchasing Managers Index (PMI) data.
USDCAD
Majors
Macroeconomics
GBP/USD flattens ahead of UK Retail Sales
GBP/USD flattens ahead of UK Retail Sales
GBP/USD treaded water on Thursday, marking in a tight circle just north of the 1.3400 handle as global market sentiment suffers knock-on effects from a recent bout of worry that shot through Treasury yields this week.
GBPUSD
RetailSales
Currencies
New Zealand’s Retail Sales climb 0.8% QoQ in Q1 vs. 0.1% expected
New Zealand’s Retail Sales climb 0.8% QoQ in Q1 vs. 0.1% expected
New Zealand’s Retail Sales, a measure of the country’s consumer spending, rose 0.8% QoQ in the first quarter (Q1) of 2025 from the previous reading of 0.9%, according to the official data published by Statistics New Zealand on Friday. This figure came in above the market consensus of 0.1%.
NewZealand
RetailSales
Macroeconomics
New Zealand Retail Sales Q1 2025 0.7% y/y (prior 0.2%), 0.8% q/q (expected 0.1%)
New Zealand Retail Sales Q1 2025 0.7% y/y (prior 0.2%), 0.8% q/q (expected 0.1%)
Beats for headline retail sales data from NZ, January - March quarter of 2025
GBP/JPY Price Forecast: Holds steady above 193.00 as the pair bottoms
GBP/JPY Price Forecast: Holds steady above 193.00 as the pair bottoms
The GBP/JPY registers modest gains as Friday’s Asian session begins, carrying on an upbeat mood as the pair gained over 0.23% on Thursday, bottoming at around the 192.00 area. At the time of writing, the cross-pair trades at 193.14 virtually unchanged.
GBPJPY
Currencies
Technical Analysis
Crosses
AUD/JPY Price Forecast: Extends drop below 93.00 despite risk-on mood
AUD/JPY Price Forecast: Extends drop below 93.00 despite risk-on mood
The Australian Dollar (AUD) continues to lose ground versus the Japanese Yen (JPY) late on Thursday, depreciating over 0.15% amid a risk-on mood.
AUDJPY
Technical Analysis
Crosses
Currencies
Economic calendar in Asia 23 May 2025 - Japan inflation data, April
Economic calendar in Asia 23 May 2025 - Japan inflation data, April
Asian Economic Calendar: Key Events and Consensus Expectations for 23 May 2025
economic calendar
USD/JPY Price Forecast: Rebounds towards 144.00 after three-day slide
USD/JPY Price Forecast: Rebounds towards 144.00 after three-day slide
The USD/JPY pair snapped three straight days of losses and climbed over 0.20% on Thursday late during the North American session. The Yen’s recent depreciation, despite falling US Treasury yields and amid the lack of a catalyst, could be attributed to traders booking profits ahead of the weekend.
USDJPY
Currencies
Technical Analysis
Forexlive Americas FX news wrap: Yields reverse lower, bitcoin hits record near $112K
Forexlive Americas FX news wrap: Yields reverse lower, bitcoin hits record near $112K
Forex news for North American trading on May 22, 2025
Session wrap
Wrap Nth America
Canadian officials nod to US tariff discussions at G7, hint that "excess capacity" may exist
Canadian officials nod to US tariff discussions at G7, hint that "excess capacity" may exist
Bank of Canada (BoC) Governor Tiff Macklem and Canadian Finance Minister François-Philippe Champagne gave dueling talking points on Thursday, reviewing their G7 experiences this week.
BOC
Canada
Politics
TradeWar
US Treasury yields ease after 30-year hits 19-month high on US deficit fears
US Treasury yields ease after 30-year hits 19-month high on US deficit fears
US Treasury yields retreated on Thursday after the 30-year US bond yields reached their highest level in 19 months amid concerns regarding the increase of the US fiscal deficit, as Trump's “One Big Beautiful Bill” passes the US House of Representatives and is on its way to the Senate.
YieldCurve
Bonds
Fed
UnitedStates
DollarIndex
Dow Jones Industrial Average halts declines as bond yields ease
Dow Jones Industrial Average halts declines as bond yields ease
The Dow Jones Industrial Average (DJIA) bounced off a fresh bottom on Thursday, clawing its way out of the basement after a sharp tumble during the midweek trading window.
DowJones
SEO
Equities
Bonds
Forex Today: Japanese inflation data take centre stage
Forex Today: Japanese inflation data take centre stage
The US Dollar (USD) managed to reverse part of its recent multi-day pullback on Thursday as investors assessed the stronger-than-expected US business activity readings and the US fiscal front, particularly after President Trump’s sweeping tax bill cleared the House of Representatives.
Inflation
USDJPY
Japan
EURUSD
Currencies
US Dollar Index steadies near 100.00 as fiscal risks cap upside despite upbeat PMI data
US Dollar Index steadies near 100.00 as fiscal risks cap upside despite upbeat PMI data
The US Dollar index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is trading cautiously around the 100.00 mark on Thursday after recovering from a two-week low and bouncing off key support at the 99.50 psychological level earlier in the day.
DollarIndex
TradeWar
PMI
UnitedStates
AUD/USD slips as strong US PMI data offsets fiscal jitters
AUD/USD slips as strong US PMI data offsets fiscal jitters
The Australian Dollar (AUD) came under renewed pressure on Thursday as the US Dollar (USD) found its footing, with risk appetite fading and broader markets tilting defensively.
AUDUSD
Currencies
Majors
EUR/USD breaks below 1.13 on strong US data, German GDP in focus
EUR/USD breaks below 1.13 on strong US data, German GDP in focus
EUR/USD tumbled below 1.1300 on Thursday as economic data from the United States (US) fared better than expected compared to Eurozone Flash Purchasing Managers Index (PMI) figures for May. At the time of writing, EUR/USD trades at 1.1271, down by 0.55%.
EURUSD
Technical Analysis
PMI
Fundamental Analysis
SEO
EU Economic Commissioner Dombrovskis: G7 ministers discussed further EU energy sanctions on Russia
EU Economic Commissioner Dombrovskis: G7 ministers discussed further EU energy sanctions on Russia
The Group of 7 (G7) finance leaders wrapped up its most recent summit on Thursday, with EU Economic Commissioner Valdis Dombrovskis characterizing the talks as “positive and successful,” particularly in advancing support for Ukraine and addressing global economic imbalances.
EURUSD
Politics
TradeWar
Mexican Peso gains as inflation surprises, but US risks persist
Mexican Peso gains as inflation surprises, but US risks persist
The Mexican Peso (MXN) is gaining traction against the US Dollar (USD) on Thursday, supported by a hotter-than-expected mid-May inflation reading.
USDMXN
Fundamental Analysis
Technical Analysis
Banxico
GBP/USD holds above 1.3400 as US PMI strength offsets fiscal worries
GBP/USD holds above 1.3400 as US PMI strength offsets fiscal worries
The British Pound (GBP) is navigating choppy price action against the US Dollar (USD) on Thursday, holding above the 1.3400 psychological mark to trade near 1.3410 during the American session, as traders digest the latest business activity data from both sides of the Atlantic.
GBPUSD
PMI
Fundamental Analysis
Macroeconomics
BOJ