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Germany HCOB Services PMI above forecasts (47.8) in May: Actual (48.1)

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1Silver price rebounds as US Dollar weakness clashes with rising rate expectations2Euro benefits from broad US Dollar weakness ahead of ECB rate decision3Why is the Japanese Yen surging when no one is intervening this time?4Indian Rupee: Inflation risks broadening – Societe Generale5Japanese Yen: Intervention risk and JGB appeal – BNY6US Dollar: Soft despite supportive fundamentals – ING7US ADP Employment Change 4-week average increases to 12K8Swiss National Bank: Policy rate seen on prolonged hold – Nomura9Japanese Yen: Peak view holds as policy shifts loom – DBS

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