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On May 25, the Taiwan Affairs Office of the State Council announced that it will hold a regular press conference at 10:00 a.m. on May 27, 2026, in the press conference hall of the Taiwan Affairs Office, where the spokesperson will answer questions from reporters on recent cross-strait hot issues.U.S. 10-year Treasury futures rose 12 basis points, and 30-year Treasury futures rose 17 basis points.1. According to Ukrainian media citing an Air Force spokesperson, Russia launched a Hazel missile at the Kyiv region of Ukraine. 2. The Russian Ministry of Defense stated that in response to Ukrainian attacks on Russian civilian infrastructure, the Russian military used multiple types of missiles, including Hazel, Iskander, Kinzhal, and Zircon, as well as attack drones, to strike Ukrainian military targets, excluding civilian infrastructure. 3. The Ukrainian Air Force stated that Russia used 600 drones and 90 missiles to attack Ukraine. 4. Ukrainian President Zelenskyy stated that the recent Russian attacks have injured at least 83 people, with others killed. 5. Leaders of several European countries condemned Russias use of the Hazel missile against Ukraine. 6. The Security Service of Ukraine (SBU) stated that its Alpha Special Operations Center attacked a fuel pumping station in Vladimir Oblast, Russia. 7. A Russian diplomat stated that recommendations have been drafted regarding the 27-point plan proposed by the US for resolving the Ukrainian crisis and are ready to be submitted. 8. EU High Representative for Foreign Affairs and Security Policy Karas: Next week, EU foreign ministers will discuss how to increase international pressure on Russia.The Shenzhou-23 astronaut crew successfully entered the "Tiangong" space station, marking the eighth "space reunion" of Chinese astronauts.On May 25th, Japanese financial regulators are urging domestic listed companies to allocate more of their cash reserves to long-term business investments, rather than rewarding shareholders through share buybacks and increased dividends. Tatsufumi Shibat, a senior official at the Financial Services Agency, stated in an interview that, in addition to cash, executives should consider using cross-shareholdings and real estate assets to promote growth. He pointed out that regardless of where Japanese companies are on their growth curve, they tend to prioritize shareholder returns. "I dont think investors would make that demand of companies in a rapid growth phase," he said in the interview. Shifting the vast wealth held by businesses and households to fund future expansion is one of the core pillars of Prime Minister Sanae Takaichis efforts to revitalize the Japanese economy. She has long criticized the cash reserves on corporate balance sheets.

Despite the US Dollar's decline, EUR/USD bulls surge

Daniel Rogers

Dec 06, 2022 15:05

 EUR:USD.png

 

The US Dollar's decline has caused the EUR/USD to reach the apex of the bull cycle, which started at the end of September. The Euro has climbed from 1.0489 to 1.0507 thus far on Tuesday, up 0.12%.

 

However, since the start of the week, the US Dollar has been the main driver, and today's bid reflects little of what happened to risk appetite on Monday. Due to the unexpected expansion in the US services sector in November, many predict that the Federal Reserve will increase interest rates by a larger amount than previously predicted.

 

Following a recovery from the 104.11 bearish cycle lows in November, the DXY index, which measures the US Dollar against the US dollar, has retreated to the 105 area. As a result, the Euro declined at the start of the US session for the week as a result of a flight to safety following a decline in market optimism regarding a potential easing of COVID restrictions in China.

 

Investors' appetite for risk has increased as a result of several Chinese localities easing their COVID restrictions in what appears to be a shift toward gradual reopening as the nation approaches its fourth year of the pandemic. However, despite the partial relaxation, there are still many restrictions in place, and in some parts of the nation, new lockdowns and travel restrictions are still being enforced.