Goldman Sachs’ latest report signals the start of a new U.S. dollar depreciation cycle, raising its 12-month euro-to-dollar forecast to 1.25. With signs of a slowing U.S. economy and investors increasingly turning to diversified global assets, the euro is gaining momentum. Local investors may want to reassess their foreign currency holdings to capitalize on shifting market trends.
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U.S. nonfarm payrolls for May came in slightly above expectations, signaling continued resilience in the labor market. However, slowing job growth in the private sector has heightened concerns about a potential economic slowdown. As expectations for a Federal Reserve interest rate cut rise, investors should closely monitor upcoming economic data and potential shifts in monetary policy.
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Elon Musk’s Public Fallout with Trump Sends Tesla Stock Plunging Over 14% in a Day
A dramatic public rift between Elon Musk and former President Donald Trump has rattled financial markets, triggering a sharp selloff in tech stocks. Tesla shares nosedived more than 14% in a single trading session following Musk’s outspoken criticism of the “Big and Beautiful” tax cut plan, which he warned could push the U.S. toward bankruptcy. Musk went further, openly supporting efforts to impeach Trump—a move that stunned both political and business circles.
This high-profile clash has cast a long shadow over Wall Street, shaking investor confidence and fueling uncertainty about the future economic and political landscape. With tech stocks at the center of the storm, market watchers say this is a wake-up call investors can’t afford to ignore.
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On June 5, the European Central Bank cut its deposit rate to 2% in an effort to revive sluggish economic activity and boost consumer spending across the eurozone. With core inflation easing and growth forecasts remaining cautious, the move signals a shift toward a more accommodative monetary policy. However, amid ongoing global uncertainty, whether the euro area can regain momentum remains to be seen.
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U.S.-China Call Shakes Markets
A recent phone call between U.S. President Donald Trump and Chinese President Xi Jinping has added a new twist to the ongoing trade tensions between the two economic powerhouses. While both leaders expressed a willingness to engage in constructive dialogue, the underlying issues remain unresolved. As a result, global markets continue to face heightened uncertainty.
Investors are closely monitoring developments in future negotiations and policy shifts in order to adjust their strategies accordingly. The outcome of these talks could significantly impact global trade, market volatility, and investment decisions in the coming weeks.
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The Bank of Canada held interest rates steady at 2.75% in June, signaling lingering uncertainty in both economic growth and inflation trends. Governor Tiff Macklem highlighted the U.S. administration’s new tariff measures as a key wildcard, adding pressure to the central bank’s policy outlook. Investors are now closely watching for any signs of a possible rate cut in the coming months.