On the data front, Monday was relatively uneventful, but the unexpected decline of the US Empire Manufacturing for May inveitably couldn’t go unnoticed. Actual figures came out at -1.0, compared to a previous 5.2 and widely missing expectations of Read More →

Credit Agricole CIB FX Strategy Research notes that the USD remains generally in a two-speed mode, gaining ground against the JPY but weakening against commodity based currencies and the EUR.

This pattern, according to CACIB, is reminiscent of 2006 Read More →