forex cross rate

Iranian sources said Iran and the United States were still negotiating a preliminary deal, including a mechanism to unfreeze funds.

Hong Kong stocks closed, with the Hang Seng Index closing down 0.65% and the Hang Seng Technology Index closing down 1.46%. Chip stocks rebounded in the afternoon, with concepts such as PCB, interior equipment, lithium batteries, commercial aerospace, and storage among the top gainers. Star technology and Internet stocks fluctuated lower.

1. Danske Bank: Expects a 25 basis point rate hike. Its latest forecast may include a 68 basis point hike scenario based on technical assumptions, providing a basis for the Governing Council to raise rates twice this year. 2. Nordea Bank: Expects a preemptive 25 basis point rate hike. It will not commit to interest rate policy after June, and will pay close attention to forecast revisions and the impact of the Middle East war. 3. ING Bank: Expects a 25 basis point rate hike. It maintains a hawkish stance, emphasizing that inflation risks have risen, without overemphasizing growth risks, and more clearly opening the door to further rate hikes. 4. ANZ Bank: Expects 25 basis point rate hikes in June and September. This is unlikely to be the start of a new round of large-scale tightening, but will focus more on the issue of a larger-than-expected energy shock. 5. Credit Agricole: Expects a 25 basis point rate hike, forecasts likely pointing to increased downside risks to the economy and an unlikely second round of inflation; a dovish rate hike would have limited impact on the euro. 6. Nordea: Expects a 25 basis point rate hike, with Lagarde expected to send a relatively hawkish signal. The bank is unlikely to explicitly raise rates again as early as July, but the latest forecasts support this expectation. 7. MUFG: Expects a 25 basis point rate hike, which would open the door to further action and maintain sufficient flexibility. A total of 50 basis point rate hikes are expected this year, with another hike possible in July. 8. TD Securities: Expects a 25 basis point rate hike, with no major changes to the statement. It will continue to acknowledge the two-way risks to inflation and growth, maintaining its data-driven, meeting-by-meeting approach. 9. OCBC Bank: Expects a one-off, "insurance-style" 25 basis point rate hike. The latest forecasts will show rising inflation expectations and slower economic growth; without new catalysts, the euro's gains will be limited. 10. DBS Bank: Expects a 25 basis point rate hike, with guidance remaining cautious and hawkish. Rate hikes are still possible in the second half of the year, but will be assessed meeting by meeting, closely monitoring the possibility of easing tensions in the Middle East. 11. UBS Group: Expects a 25 basis point rate hike, unlikely to signal anything regarding the July meeting. New forecasts will reflect some economic deterioration, but not as severe as the "adverse scenario" predicted in March. 12. Societe Generale: Expects a 25 basis point rate hike from a neutral stance, with another hike in September. The latest forecast may revise the 2027 core inflation expectation upward to approximately 2.5%, while the downside risks to GDP remain significant. 13. Berenberg: Expects a 25 basis point rate hike, but this could be a mistake. Monetary policy cannot prevent the surge in energy prices caused by the Iranian supply shock, and further weakening of domestic demand through rate hikes is not advisable. 14. Natixis: Expects a 25 basis point rate hike, with a moderately dovish tone. The second rate hike is expected between July and September, with probabilities of 35% and 55% respectively, depending on the duration of the Strait of Hormuz blockade. 15. Brown Brothers Harriman: A 25 basis point rate hike is expected. Weak growth prospects in the Eurozone and potential downward revisions to growth forecasts will cause the euro/dollar to fall to 1.1400, but downside is limited.

Oracle (ORCL.N) fell more than 10% before the market opened, and its capital expenditure plan for fiscal 2027 was higher than expected.

A Russian drone attack on a railway warehouse in the Sumy region of northern Ukraine killed one railway worker and injured four others, the chief executive of Ukraine's state railways said.

According to Türkiye's Anadolu News Agency: Pakistan calls on the United States and Iran to abide by the ceasefire agreement and expand space for dialogue and diplomacy; it expresses deep concern about the renewed conflict.