Blogs

EUR/USD –  1.0855 2.0bn euro –  1.0860 590m –  1.0875 1.6bn –  1.0880 667m –  1.0885 520m –  1.0900 532m –  1.0950 747m

USD/JPY  GBP/USD See here for global coronavirus case data

Fed slows buying The Fed has slowed the pace every week since it began. Because of Monday's holiday, the Treasury said it will buy approximately $20B next week, so the effective cut is more than announced.

Lane speaks at a virtual conference His speech is on how and why inflation has moved in sync in developed global economies. He points to common shocks and commodity prices as some factors.

ECB releases the account of its April monetary policy meeting – 22 May 2020 – Monetary policy measures had provided forceful monetary accommodation – Fiscal policy also needed to play an essential role to address problems The full account can be found . But it isn't saying much that we don't already know at this [&hellip

BOE to end its 3-month term repo facility at the end of May announced But as we see the financial conditions stabilise over the past few weeks, the BOE is just slowly weaning the market off the above measures.

A joint statement after the meeting between Kuroda and Aso earlier – Government, BOJ have closely coordinated to support economic activity – Acted aggressively to ensure market stability See here for global coronavirus case data

They are meeting to discuss the economy and monetary policy Once they conclude their meeting here, there will be a press conference thereafter. So, this is just to offer a little heads up on that.

Comments by BOE deputy governor, Dave Ramsden, in a Reuters interview A timely comment by Ramsden as UK 2-year yields open at a new record low of -0.08% to start the session. Once again, the BOE isn't exactly ruling out negative rates as they continue to float the idea before expanding QE purchases next month.

Skips OMOs See here for global coronavirus case data