June WTI fell by 7% to around $95 a barrel, after rising by more than 22% in the previous two weeks. July Brent tumbled by about 6.6% to $101 a barrel.
The euro is positively correlated with changes in the Stoxx 600, and near 0.50, the rolling 30-day correlation is near its most robust level since Q3 24.
Bank of Japan Governor Ueda was careful not to pre-commit to raising rates at his press conference after the board decided on a 6-3 vote to keep rates steady.
The rolling 30-day correlation of changes in the greenback against the Loonie and the Dollar Index is near 0.65, which is around the best it has been since last November.
The dovish cut delivered by the Banxico last week, with the door left open to one more cut in the cycle, did not deter peso buying.
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There were several developments to note last week, but arguably the most important was that investors are optimistic that the Middle East war is winding down despite some violations of the ceasefire. June WTI
