Major overnight headlines:
• Euro Stoxx 50 Index falls 2.0% during London morning as US 10-year yield creeps towards 2.40%
• German June manufacturing PMI falls to 48.7 versus an expected rise to 49.9
• Japanese investors sellers of foreign bonds again in June 14 week, Bloomberg
• SNB keeps policy towards CHF unchanged in June, cuts 2013 CPI forecast to -0.3% y/y from -0.2%
• SNB says “stands ready” to enforce minimum EUR/CHF exchange rate, Bloomberg
• SNB’s Jordan says Swiss growth being “boosted” by domestic demand, sees CHF falling “over next few qtrs”, Bloomberg
• Norges Bank keeps policy unchanged, lowers forecasts for growth and inflation, Thomson Reuters
• Norges Bank says sees key policy rate “at current level or lower” over time, Bloomberg
• Gold drops to more than a 2.5-year low during London morning, Bloomberg
• GE FinMin says there is no reason “at first sight” to change the deal for Cyprus, Euro Intelligence
Read the full report: FX Daily
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