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US Import prices Improve, Oil claws some back losses

Forex

<h3>USDCAD, H1</h3> <p>US import prices bounced 1.0% in May, with export prices edging up 0.5%. These follow respective declines of -2.6% and -3.3%. On a 12-month basis, import prices were down -6.0% y/y versus -6.8% y/y, and export prices were -6.0% y/y versus -6.8% y/y (was -7.0% y/y). As for imports, petroleum prices climbed 20

FX Update – June 12 – Risk Off Friday

Forex

<h3>USDJPY, H1</h3> <p>The <strong>Dollar</strong> and <strong>Yen</strong> posted fresh highs against most other currencies, although managed to pare losses as the pre-London session in the Asia-Pacific region progressed, with US equity index futures managing about a 1% rebound after closing sharply lower

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