Daily Global Foreign Exchange Market Highlights (May 3)

< br > < span class = "section-news" > 1. Bank of Japan account data show intervention of about 3.50 trillion yen implemented on Thursday. < br > < span class = "section-news" > 2. Argentina's central bank reduces base rate from 60% to 50%. < br > < span class = "section-news" > 3. Norges Bank leaves base rate unchanged at 4.50%. < br > < span class = "section-news" > 4. Moody's: Confirm Canada's AAA rating, maintain stable outlook. < br > < span class = "section-news" > 5. European Central Bank Governing Council Stournaras: The European Central Bank is more likely to cut interest rates three times in 2024. < br > < span class = "section-news" > 6. Bank of Korea Governor Lee Chang-yong: Pay close attention to foreign exchange fluctuations; US Treasury agrees that the recent weakening of the Korean won is a temporary phenomenon. < br > < span class = "section-news" > 7. Reuters survey: bearish bets on the Indonesian rupee are the highest since early November last year. The Korean won has the most short positions among Asian currencies. Bearish bets on the Thai baht and the Philippine peso are the highest since October 2022.