North-American Mid-Session: The RBA cut rates by 25 bps as expected, but surprise dovish hints of a 50 bps cut sent the AUD tumbling. Canadian CPI beat forecasts at 1.7% y/y, cutting June rate cut odds to 35%. The CHF leads majors, European stocks rise, Nasdaq dips 0.5%, and gold jumps 1.5% amid broad position shifts.
20-05-2025 17:00 GMT
by Elior Manier