News & Insights

Another day brings another weak report from the US, with the ADP payrolls coming in below expectations.

US job openings decreased more than anticipated in April, signalling a continued gradual slowdown in the US job market.

The primary mover today was the USD, which weakened across the board following a lower-than-expected ISM manufacturing number in the afternoon.

A surprising increase in eurozone CPI led to gains in the EUR, raising doubts about potential rate cuts this year.

Treasury yields fell yesterday due to a softer revision of Q1 figures in the US.

Demand for the USD surged yesterday as treasury yields rose in anticipation of the core PCE inflation figures due on Friday.

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