Daily Global Foreign Exchange Market Highlights (May 22)

< br > < span class = "section-news" > 1. The Russian ruble briefly broke through the 90 mark against the dollar. < br > < span class = "section-news" > 2. Argentine Economy Minister Caputo: The Argentine peso is not overvalued. < br > < span class = "section-news" > 3. Deutsche Bank forecasts that Hungary's base rate will reach 6% by the end of the year. < br > < span class = "section-news" > 4. Japanese 10-year bond yields rose to 1% for the first time since May 2013. < br > < span class = "section-news" > 5. Bank of New Zealand: The Reserve Bank of New Zealand is now expected to cut interest rates in February next year instead of November this year. < br > < span class = "section-news" > 6. The UK's April headline and core CPI data were both higher than expected. Traders cut their bets on the Bank of England's June rate cut and are no longer fully priced. They will cut interest rates twice this year, and fully price the first rate cut until November. < br > < span class = "section-news" > 7. The Reserve Bank of New Zealand left interest rates unchanged at 5.50%, the policy committee discussed the possibility of a rate hike, and the expected trajectory of the Reserve Bank of New Zealand's cash rate now shows a rate cut starting in late 2025. < br > < span class = "section-news" > 8. Fed-Meister: Upgraded its forecast for the long-term neutral rate in the latest forecast, and the current level of policy may not be "as tight as expected"; Collins: It will take longer to see the progress needed to adjust interest rates; Waller: If the data support, or consider a rate cut at the end of the year, there is no need to raise interest rates at this time. The possibility of inflation re-accelerating can be ruled out; Barr reiterated the need to maintain high interest rates for a longer period of time; Bostic: To ensure that inflation does not rebound, no rate cut is expected before Q4.