Monthly Archives: June 2025
US auto suppliers group calls for urgent action on China’s rare earth export restrictions
Written on June 5, 2025 at 8:50 am, by davin
U.S. auto suppliers warn China’s export restrictions on critical minerals are jeopardizing supply chains. Immediate action is needed to prevent economic disruptions and ensure stability in manufacturing. Act now! – vtmarketsmy.com
Ukraine and the US plan to create a joint minerals fund, with a board meeting anticipated.
Written on June 5, 2025 at 7:51 am, by davin
Ukraine and the U.S. are launching a joint minerals fund to enhance economic ties, with a board meeting set for July. This strategic partnership aims to attract investment amid Ukraine’s ongoing recovery. – vtmarketsmy.com
US auto supplier group stresses need for urgent action to maintain access to Chinese rare earths
Written on June 5, 2025 at 7:50 am, by davin
The U.S. auto supplier group warns that China’s tighter rare earth export controls may disrupt the automotive sector. Urgent action is needed to secure alternative sources or risk rising costs and delays. – vtmarketsmy.com
Aussie Holds Steady Despite Weak Domestic Data
Written on June 5, 2025 at 7:07 am, by ahmad
The Australian dollar held firm on Thursday, hovering around $0.6491, supported more by weakness in the US dollar than by domestic economic strength. Although recent data from Australia was underwhelming, the Aussie found footing amid a shift in risk sentiment, as concerns over US trade policy weighed on the greenback. The currency advanced by 0.5%Continue Reading
RBC Global Asset Management warns of potential decline in the overvalued U.S. dollar’s value
Written on June 5, 2025 at 6:51 am, by davin
RBC Global Asset Management warns of a 10% drop in the U.S. Dollar Index, signaling potential investor skepticism and shifting strategies away from traditional American assets toward better-performing international options. – vtmarketsmy.com
TD Securities expects two 25 basis point interest rate cuts in Australia in 2025 due to economic weakness.
Written on June 5, 2025 at 6:50 am, by davin
TD Securities forecasts two interest rate cuts by the Reserve Bank of Australia in 2025, responding to economic weakness, including sluggish GDP growth and constrained consumer spending. – vtmarketsmy.com
Deutsche Bank maintains its 1.50% estimate for the ECB terminal rate, while acknowledging possible future policy changes
Written on June 5, 2025 at 5:51 am, by davin
Deutsche Bank predicts the ECB may conclude its rate-cutting cycle sooner than expected, with a higher GDP growth forecast and inflation dropping. Future tightening is anticipated by 2026 due to increased spending. – vtmarketsmy.com
Saudi Arabia pushes OPEC+ to increase oil production despite concerns over lower prices due to demand
Written on June 5, 2025 at 5:51 am, by davin
Saudi Arabia aims to boost oil production by 411,000 barrels daily to regain market share, shifting from price defense to supply increase amid high seasonal demand. Tensions within OPEC+ may arise. – vtmarketsmy.com
Saudi Arabia adjusts crude prices for July, lowering rates for Asia and raising them for Europe and the Mediterranean.
Written on June 5, 2025 at 4:51 am, by davin
Aramco lowered July’s Arab Light price to Asia amid declining demand but raised prices for Europe and the U.S. OPEC+ production increases raise concerns about potential oversupply. – vtmarketsmy.com
US dollar declines due to disappointing economic data, affecting USD/JPY and CAD movements
Written on June 5, 2025 at 4:50 am, by davin
The US dollar weakened amid disappointing economic data, causing a significant drop in USD/JPY and rising gold prices. The Bank of Canada held rates steady, with ongoing market speculation about upcoming policies. – vtmarketsmy.com