EUR/USD
1.16887
-0.015%
Gold
4554.75
0.687%
Oil
101.434
-0.897%
USD/JPY
157.562
0.196%
GBP/USD
1.35413
0.078%
GBP/JPY
213.364
0.290%
Real-time News
On May 5th, European Commission President Ursula von der Leyen responded to US President Donald Trumps recent threat of tariffs on automobiles, stating that the US cannot unilaterally raise tariffs and the EU is prepared for "all scenarios." On May 1st, Trump posted on social media that the US would raise tariffs on EU cars imported into the US because the EU had not complied with its bilateral trade agreement. Trump said tariffs on EU cars would increase to 25%. He added that cars manufactured in the US would not be subject to tariffs. In response, a European Commission spokesperson stated that the EU would "reserve all options" and assess possible follow-up measures. The spokesperson also stated that the EU is implementing the relevant trade agreement according to normal legislative procedures and is continuously informing the US of its progress.On May 5th, following the Reserve Bank of Australias (RBA) third consecutive interest rate hike and raising its cash rate target to 4.35%, the rate remains below Societe Generales year-end forecast of 4.7%. Societe Generale economists stated in a report, "The RBA still has room to maneuver and may raise rates at least one more time." Economists expect the RBA to maintain interest rates at 4.7% throughout 2027 and the first half of 2028, predicting core inflation will peak at 3.8% in the second quarter, before falling to 3.1% by the end of 2026. They added, "A pause in rate hikes in June seems inevitable," noting that RBA Governor Bullocks more neutral tone prompted demand for short-term rates, simultaneously pushing the yield curve for Australian 2-year and 10-year government bonds into a "bull market steepening."The World Health Organization says it plans to medically evacuate the two people on board who are infected with Hantavirus, and the cruise ship will continue its journey to the Canary Islands.World Health Organization: Our hypothesis is that the Hantavirus cases were contracted outside the cruise ship where the incident occurred.Iranian border police commander: Five smuggling vessels carrying 200,000 liters of smuggled fuel were seized in Khuzestan province.
