Look ahead: ECB interest rate decision; Australia trade balance; US initial jobless claims
Brace for FX volatility ahead of an expected 25 bps interest rate cut from the European Central Bank. Australia and the United States release their latest trade balance print.
US initial jobless claims come amid softening US economic readings and Friday’s key jobs report.
(AI Video Summary)
ECB's anticipated interest rate cut
In the financial market "Look ahead" for Thursday, 6 June, Angeline Ong discusses upcoming economic indicators including Australian trade balance data and the ECB's anticipated interest rate cut. Key focal points include potential US dollar weakness, effects on EUR/USD dynamics, and implications for the S&P 500's movement.
US initial jobless claims
Market watchers are particularly attentive to US initial jobless claims and trade balance data, as recent soft indicators could influence Federal Reserve rate decisions and broader market trends.
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