Daily Global Foreign Exchange Market Highlights (April 30)

< br > < span class = "section-news" > 1. ECB-Winsch: The ECB should carefully consider a rate cut in July; Mueller: The ECB may cut interest rates in June. < br > < span class = "section-news" > 2. The yen rebounded sharply yesterday after hitting a 34-year low of 160, with sources saying Japanese financial authorities intervened in the foreign exchange market. < br > < span class = "section-news" > 3. The central bank of Pakistan kept its key interest rate at 22.00 percent, in line with market expectations. < br > < span class = "section-news" > 4. The United States raised its April-June borrowing forecast to $243 billion, from a previous forecast of $202 billion. < br > < span class = "section-news" > 5. IMF official: Close contact with Japanese authorities to maintain close communication on factors affecting the yen. Sometimes it is appropriate to intervene in currency markets. < br > < span class = "section-news" > 6. Bank of Korea meeting notes: A member said there is no rush to cut interest rates as economic growth is expected to remain strong. < br > < span class = "section-news" > 7. Bank of Thailand: Due to external factors, the baht is expected to weaken in the second quarter, but in line with its regional counterparts.