Although there's been an uptick in risk sentiment following softer producer pipeline inflation data, US yields continue to climb, maintaining the US dollar's dominance across G-10 currencies.
Japanese Prime Minister Fumio Kishida said on Friday that he “discussed strengthening supply chains, diplomatic and security issues during the summit with US and Filipino leaders.” Additional quotes No decision on whether to hold the trilateral summit regularly but agreed that these meetings are important.
The Federal Reserve (Fed) should be able to start cutting interest rates by the end of 2024, according to Kristalina Georgieva, managing director of the International Monetary Fund.