IMF's Lagarde: Have been keen to continuously improve our exchange rate assessments

Eren Sengezer FXStreet

Official Twitter account of the IFM is publishing quotes from Managing Director Christine Lagarde's presser:

There is room to improve on trade. IMF will contribute its part to make sure the engine of trade is not jeopardized
On Germany: we have consistently said external imbalance should be addressed. Part of surplus is justifiable, but not all of it
Have been keen to continuously improve our exchange rate assessments. Will continue to do so
Encouraged by set of strong policies implemented by central bank and finance ministry in Mexico

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.