Daily Global Foreign Exchange Market Highlights (May 24)

< br > < span class = "section-news" > 1. Money markets cut interest rate bets on the European Central Bank, expecting to cut rates by 60 basis points this year, up from 67 basis points previously. < br > < span class = "section-news" > 2. Citi: The Turkish market is "about to have a moment of revival". < br > < class span = "section-news" > 3. Head of Russian central bank department: The central bank may take steps to lower key interest rates if regulators detect a slowdown in lending. < br > < span class = "section-news" > 4. U.S. Treasury Secretary Janet Yellen: Foreign exchange intervention should be rare and should not become a "routine" tool. < br > < span class = "section-news" > 5. European Central Bank Governing Council Villeroy: It is very likely to cut interest rates in June. < br > < span class = "section-news" > 6. According to Reuters survey: 63% of economists surveyed said the Bank of Japan will decide to start reducing bond purchases by the end of July, and 88% said the Bank of Japan will raise interest rates to at least 0.20% by the end of 2024. < br > < span class = "section-news" > 7. US May S & P global manufacturing, services PMI preliminary values are higher than expected, interest rate futures market cut the Fed's annual interest rate cuts bets to 34BP. < br > < span class = "section-news" > 8. Governor of the Bank of Turkey: Turkish lira deposit share rose to 45% from a low of 31% in August last year. < br > < span class = "section-news" > 9. Barclays: The Bank of England is expected to start cutting interest rates in August; it is expected to cut interest rates by 25 basis points in August, November and December this year.