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Tuesday, May 20, 2025

European Markets Wrap-Up: Germany April PPI -0.6% vs -0.3% m/m expected

Germany April PPI -0.6% vs -0.3% m/m expected

Prior was -0.7% PPI y/y -0.9% vs -0.6% expected Prior was -0.2%... 

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RBA Governor Bullock: Did discuss 25 bps or 50 bps cut

Did discuss 25 bps or 50 bps cut. There's more uncertainty than usual. We would expect consumption to pick up amid rate cuts and falling inflation. So far so good on inflation and jobs balance. Market... 

RBA Governor Bullock: Must now keep inflation down, well placed to do so

Must now keep inflation down, well placed to do so. Board ready to take further action if required. This is a confidence cut in rates. This is the right cut for now, more adjustments are possible. Hea... 

FX option expiries for 20 May 10am New York cut

EUR/USD 1.1300 (EUR1.43bn) 1.1250 (EUR1.17bn) 1.1245 (EUR1.20bn) 1.1195 (EUR2.30bn) USD/JPY 145.50 (US$1.20bn) 145.00 (US$1.12bn) GBP/USD 1.3350 (GBP250mn) USD/CHF 0.8325 (CHF585mn) USD/CAD 1.3915 (US... 

The AUD falls on more dovish RBA forecasts

The AUD is lower across the board following the RBA decision. The statement was basically the same of what we've got in April although there's more emphasis on trade policies risk. What weighed on the... 

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FX option expiries for 20 May 10am New York cut

EUR/USD 1.1300 (EUR1.43bn) 1.1250 (EUR1.17bn) 1.1245 (EUR1.20bn) 1.1195 (EUR2.30bn) USD/JPY 145.50 (US$1.20bn) 145.00 (US$1.12bn) GBP/USD 1.3350 (GBP250mn) USD/CHF 0.8325 (CHF585mn) USD/CAD 1.3915 (US... 

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