Overview: The foreign exchange market is quiet. Most
of the G10 currencies are +/- 0.1% against the dollar. The crash that took the
of Iran’s president and foreign minister may have helped lift gold to new
record highs ($2450), the impact seems more muted, as poor weather rather than
foul play, seems to be main narrative. July WTI reached nearly $80, its best
level since May 1 but is hovering around unchanged levels (~$79.50). Canadian
markets are closed today for a national holiday, while no fewer than five Fed
officials speaks today, which includes three governors and two regional
presidents who vote on the FOMC this year. The MSCI Asia Pacific Index rose 2.4% last
week and it has not had weekly loss since the week ending April 19. It is off
to a firm start this week. All the large and
2024-05-20