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ECB's de Guindos: We have been crystal clear on June rate cut

During a European Parliament hearing today, ECB Vice President Luis de Guindos stated that ECB has been "crystal clear" on its conditional guidance regarding interest rate cut. ....

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Currency Markets in Consolidations, Stocks Could be Stabilizing

The forex markets are still generally staying in consolidative mode today, showing minimal reaction to the latest economic data and comments from central bank officials. Commodity currencies, along with Swiss Franc, are displaying relative strength. Meanwhile, Euro, Dollar, and Yen are on the weaker side. ....

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