Usd

The US labor market report for May 2023 revealed a significant increase in NFP Data, surpassing consensus estimates by reaching 339,000 jobs created compared to the expected 180,000.

Several Fed officials need to evaluate more data before raising rates again.

The US dollar remains strong despite the challenging debt ceiling negotiations that could push the United States into a recession.

Neel Kashkari said that The Fed may need to raise interest rates to over 6 percent to achieve the inflation target.

The speech by Federal Reserve Chair Jerome Powell has dampened market expectations for further interest rate hikes in June, while negotiations on the US debt ceiling are ongoing and facing challenges.

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A Fed official revealed that there is still a chance for further interest rate hikes despite weakening economic conditions.

The turmoil in EUR/USD was triggered by a surge in CDS and the fall of Deutsche Bank's stock, the largest bank in Germany.

News from Australia and New Zealand may not have an impact in the long term. But, they are a highlight in the short term.

USD/JPY has fallen about 3 percent in the past two days, while GBP/JPY and EUR/JPY have fallen to five-month lows.