Daily Global Foreign Exchange Market Highlights (May 6)

< br > < span class = "section-news" > 1. Governor of the Norges Bank: We have not yet decided when to cut interest rates. < br > < span class = "section-news" > 2. The Israeli shekel fell 1.1% against the dollar, its biggest drop in more than two weeks. < br > < span class = "section-news" > 3. European Central Bank Chief Economist Lien: Confidence is growing that inflation will return to target and interest rates will be cut in June. < br > < span class = "section-news" > 4. Reuters survey shows that by the end of 2024, Russia's key interest rate will fall to 13.50% (previous survey was 12.50%). < br > < span class = "section-news" > 5. Japanese Finance Minister Shunichi Suzuki: Comments on whether the current foreign exchange level is appropriate may have an inappropriate impact on the market. < br > < span class = "section-news" > 6. According to preliminary data and trader data, Turkey's central bank on Tuesday made about $4 billion in foreign exchange purchases, one of its largest one-day foreign exchange purchases ever. < br > < span class = "section-news" > 7. Philippine central bank governor: If there is a 3% year-on-year inflation trend, it will provide room for interest rate cuts. The Philippine peso is not yet under pressure, and we like to intervene significantly when the peso is under pressure. < br > < span class = "section-news" > 8. Federal Reserve - Goolsby: The Fed must ensure that the recent inflation is not a sign of re-acceleration. Believes that monetary policy is too tight. Has reservations about whether to raise interest rates and needs to keep a close eye on the data. Baumann: The underlying view remains that inflation will fall further, policy rates remain stable, and remains willing to raise interest rates at future meetings if the data shows that inflation progress has stalled or reversed.