News & Insights

The EUR continued to decline following the announcement of a snap election in France.

The euro experienced early trading weakness due to investor reactions following the European Parliament elections.

As widely anticipated, the ECB reduced interest rates from 4% to 3.75%.

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.

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