News

China Chamber of Commerce to the EU:

• Expresses disappointment and serious concerns about EU’s move to limit Chinese enterprises’ participation in healthcare sector
• Urges EU to reconsider the necessity and long-term implications of the approved ‘restrictive measures’ in EU procurement market for medical devices
• Will continue to maintain open communication with all relevant EU stakeholders

—

The EU and China are moving closer together in part to counteract US measures against the two. Its not all smooth sailing though.

This article was written by Eamonn Sheridan at www.forexlive.com.

Zelenskyy says:

• Russia and Ukraine agree to exchange 1000 military servicemen each
• It would be an additional 200 each.
• Ukraine and Russia to exchange lists for the POW exchange this week

Another step in the right direction.

On a more negative step, Zelenskyy’s Chief of Staff says Russia is doing everything possible to continue the war and urges new sanctions now.

This article was written by Greg Michalowski at www.forexlive.com.

• So far we’ve had excellent inflation reports; Surprisingly little direct impact of tariffs.
• Don’t know if that will remain true in the next one – two months.
• Thinks underneath all the Tariff dirt in the air, rates can come down over 12 – 18 months
• Thinks if we can get past this bumpy period, dual mandate looks pretty good.

This article was written by Greg Michalowski at www.forexlive.com.

New Zealand Q1 2025 terms of trade index +1.9% q/q

• expected +3.6%, prior +3.1%
• for the y/y +17%

–

Export Prices +7.1%, led by dairy prices

• expected +3.7%, prior +3.2%

Import Prices +5.1%

• expected +1.3%, prior +0.1%

Stats NZ cites the Reserve Bank of New Zealand’s trade weighted NZD index

• fell 5.3% y/y in the quarter
• New Zealand dollar weakening against most major currencies

• “The weaker New Zealand dollar has contributed to the rise in import and export prices”

—

Export Volumes +4.6%

• prior +1.3%
• Import volumes -2.4% q/q

—

• Terms of trade refer to the ratio between the prices of a country’s exports and the prices of its imports. In other words, it’s the relative value of a country’s exports to its imports.
• When the terms of trade of a country are improving, it means that the prices of its exports are increasing faster than the prices of its imports. This can lead to an increase in the purchasing power of the country’s exports, which can boost economic growth.
• On the other hand, if a country’s terms of trade are deteriorating, it means that the prices of its imports are increasing faster than the prices of its exports. This can lead to a decrease in the purchasing power of the country’s exports, which can negatively impact economic growth.

This article was written by Eamonn Sheridan at www.forexlive.com.