Jin10 Data Compilation: Daily Global Forex Market News Express (May 19)

GoldenOctober2024 · 2025-05-19T06:55:29+00:00

1. Moody's downgrades U.S. sovereign credit rating to Aa1 from Aaa, U.S. Treasury Secretary: I don't believe Moody's, Moody's is a "lagging indicator". 2. U.S. Treasury Secretary Bessant: Tariff discussions are being focused on 18 key partnerships. If countries do not negotiate in good faith, tariffs will return to April 2 levels. For many smaller trade relationships, a tax rate can be set directly. 3. Before Trump's "Liberation Day", EU exports to the United States soared by 59%, and the trade surplus hit a record high. 4. SNB President: Constructive talks were held with the United States on foreign exchange issues. Switzerland is not a currency manipulator. 5. ECB Governing Council member Wen Shi dove: may have to cut interest rates below 2%. There is no reason for a further 50 basis point rate cut in the foreseeable future. 6. ECB Chief Economist Lien: The ECB will release an updated strategy in the second half of the year. U.S. tariff uncertainty will be factored into the June forecast. 7. Bank of Japan Deputy Governor Shinichi Uchida: If the economy and prices improve as we forecast, interest rates will continue to be raised. 8. Canadian Treasurer: Most of the tariffs on the U.S. are still in place.

GoldenOctober2024

2025-05-19 06:55:29

Abstract generation in progress

Moody's downgrades U.S. sovereign credit rating to Aa1 from Aaa, U.S. Treasury Secretary: I don't believe Moody's, Moody's is a "lagging indicator". 2. U.S. Treasury Secretary Bessant: Tariff discussions are being focused on 18 key partnerships. If countries do not negotiate in good faith, tariffs will return to April 2 levels. For many smaller trade relationships, a tax rate can be set directly. 3. Before Trump's "Liberation Day", EU exports to the United States soared by 59%, and the trade surplus hit a record high. 4. SNB President: Constructive talks were held with the United States on foreign exchange issues. Switzerland is not a currency manipulator. 5. ECB Governing Council member Wen Shi dove: may have to cut interest rates below 2%. There is no reason for a further 50 basis point rate cut in the foreseeable future. 6. ECB Chief Economist Lien: The ECB will release an updated strategy in the second half of the year. U.S. tariff uncertainty will be factored into the June forecast. 7. Bank of Japan Deputy Governor Shinichi Uchida: If the economy and prices improve as we forecast, interest rates will continue to be raised. 8. Canadian Treasurer: Most of the tariffs on the U.S. are still in place.

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