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Danske Bank analysts reported the EUR/CHF remains stable following a 25bp rate cut by the SNB
EUR/CHF stable as SNB cuts rates; another reduction expected in June amid inflation and growth concerns.
The Eurozone’s current account recorded a balance of €13.2 billion, down from €50.5 billion
Eurozone’s January current account surplus was €13.2 billion, down from December’s €50.5 billion, with adjusted €35.4 billion.
Danske Bank’s analyst predicts EUR/USD will range between 1.08 and 1.09 shortly after decline
EUR/USD fell below 1.09 as USD strengthened, with bearish sentiment suggesting consolidation within the 1.08-1.09 range.
Average wage increase of 5.40% reported by Japan’s largest union group, Rengo, in revisions
Japan’s Rengo reports a 5.40% wage increase, revised down slightly. Second consecutive year exceeding 5%.
