EUR/USD
1.15248
-0.732%
Gold
4318.68
-3.497%
Oil
88.549
-2.697%
USD/JPY
160.177
0.098%
GBP/USD
1.33372
-0.643%
GBP/JPY
213.636
-0.547%
Real-time News
Ukrainian President Zelenskyy: He held talks in the UK with British Prime Minister Starmer, French President Macron, and German Chancellor Merz.Iranian Parliaments National Security Committee: No one should think the war is over.On June 7th, US President Trump stated that it would be a mistake for Federal Reserve policymakers to raise interest rates after the US jobs data significantly exceeded expectations. He also insisted that he did not want to influence Kevin Warsh before his first Fed meeting. In an interview with NBC, Trump said, "These days, whenever the economic data is good, the market goes down because everyone thinks the Fed will raise rates. But theres absolutely no reason to raise rates." Trumps remarks further increased the economic and political pressure on Warsh. Trump stated, "Raising the benchmark interest rate is the wrong thing to do. In fact, we should lower rates." Trump added, "I work with Kevin now. I have a lot of respect for him, but my view is that when a countrys economy is doing well, it shouldnt be punished immediately by raising interest rates." He further added, "We have a debt problem, and a lot of other things to deal with, a lot of plans to move forward. I want to further increase defense spending."June 7th - According to a communique released after Sundays OPEC meeting, the seven OPEC+ member countries (Russia, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Algeria, and Oman) decided to raise their daily crude oil production ceiling by 188,000 barrels starting in July. The communique stated that the countries reiterated the importance of a cautious approach and will retain full flexibility to increase, suspend, or reverse voluntary production cuts. The seven countries will meet again on July 5th.US President Trump: There is no reason to raise interest rates (regarding the Federal Reserve).
