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ECB’s Kocher warns June rate hike unavoidable if Hormuz stays shut
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Fed's Goolsbee; Inflation has got to be front of mind when Warsh starts as chair
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- The USD is lower vs the 3 major currency pairs.
- Swiss inflation is low because of low inflation expectations
- Gets rid of 26.4% tariffs on imported beef and prices will come down by 25%
- The USDCHF breaks to the downside this week, taking the pair outside it’s range. What next?
- S&P Global manufacturing PMI flash estimate for August 53.2 versus 53.9 estimate
