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Oil prices fell following the US-Iran peace agreement, causing cruise line operators shares to rise in pre-market trading. Norwegian Cruise Line (NCLH.N) and Royal Caribbean International rose 4%, while Carnival Cruise Line (CCL.N) gained approximately 3%.On June 15th, it was reported that the secondary market trading price of the Fullgoal ChiNext ETF (ticker symbol: Fullgoal ChiNext ETF; fund code: 159971), managed by Fullgoal Fund Management Co., Ltd., has been significantly higher than its Indicative Indicative Net Asset Value (IOPV), exhibiting a substantial premium. To protect investors interests, trading in this fund will be suspended from the opening of the market on June 16, 2026, and will resume at 10:30 AM on the same day. Redemption services will continue as usual during the suspension period. If the premium in the secondary market trading price of this fund does not effectively decrease on June 16, 2026, the fund has the right to apply to the Shenzhen Stock Exchange for temporary intraday trading suspension, extension of the suspension period, or continuous suspension to warn the market of the risk. Specific details will be announced at that time.June 15th - Lee Hardman of MUFG Bank stated in a report that despite the decline in energy prices following the interim peace agreement between the US and Iran, the yen is unlikely to achieve a meaningful recovery. Short positions in the yen continued to increase ahead of the Bank of Japans policy decision on Tuesday. "The 25 basis point rate hike has already been fully priced in, so its unlikely to trigger a reversal of the yens weakness on its own, thus encouraging further increases in short yen positions," he said. He added that if energy prices continue to fall and bets on US rate hikes decrease, any further intervention by Japanese authorities to support the yen will prove more effective.On June 15th, Agile Group Holdings Limited (01813.HK) announced the latest progress in its offshore debt restructuring. Over the past few months, the Company and members of the Noteholders Group, along with their respective advisors, have engaged in constructive dialogue to reach a consensus on the restructuring. The Company is pleased to announce that on June 15, 2026, it entered into a restructuring support agreement with certain initial participating creditors. These initial participating creditors include members of the Noteholders Group, who hold more than 26.1% of the total outstanding principal amount of the debt to be included in the restructuring. The restructuring support agreement outlines the terms of the restructuring. The proposed restructuring aims to: (i) provide the Company with a long-term path to stabilize its business; (ii) achieve a sustainable capital structure and enhance its net asset value; and (iii) protect the interests of all stakeholders and maximize value.June 15th - European Central Bank (ECB) Governing Council member Kazmir stated on Monday that the ECB has taken the first step in curbing price pressures, but it is increasingly clear that more action is needed. The ECB raised interest rates last Thursday for the first time in nearly three years, attempting to curb inflation before the surge in energy costs triggered by the US-Israel war against Iran spreads further throughout the Eurozone. In his article, Kazmir stated, "Now is not the time for complacency and hesitation. Higher energy costs are likely to persist for longer than many had hoped. Even with the recent peace agreement between the US and Iran, the damage inflicted on the Middle East cannot be erased overnight." He indicated that if the ECB does not act, a second wave of effects from rising energy prices will emerge. "We have taken the first step in curbing medium-term price pressures, but the task is not yet complete. Based on the information currently available, it is increasingly clear that monetary policy has much more to do."

AUD/USD Struggles for Near-Term Direction and Flattens Below the 0.7100 Mark

Alina Haynes

May 27, 2022 09:30

During the early European session, the AUD/USD pair drew some dip buyers at the mid-0.7000s, but unable to profit on the move. The pair was last seen trading a few pips below the 0.7100 level, almost flat for the day.

 

In the lack of any shocks in the most recent FOMC meeting minutes, the possibility that the Fed may stop the rate hike cycle later this year weighed on US Treasury bond rates. This, along with a robust equities market rebound, weakened the safe-haven US currency and boosted the risk-averse Australian dollar.

 

However, the deteriorating global economic picture should temper any optimism. Investors continue to be concerned that a more aggressive effort by major central banks to curb inflation and the Russia-Ukraine conflict might pose threats to the global economy. In turn, this functioned as a tailwind for the dollar and limited the AUD/USD pair.

 

Since the beginning of this week, spot prices have oscillated within a wider trading range, even from a technical standpoint. The price response appears to indicate that markets have already priced in the Reserve Bank of Australia's hawkish indication that a larger interest rate rise in June remains conceivable. This demands bullish traders' prudence.

 

Now, market investors await the US data calendar, which includes the publication of Prelim Q1 GDP, Weekly Initial Jobless Claims, and Pending Home Sales. The data might impact USD price dynamics and create momentum for the AUD/USD pair. Traders will continue to seek clues for short-term opportunities from the wider risk mood.

AUD/USD

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