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16 May 2025

S.Korea Trade Minister: Possibility that the trade deal might come after 8 July deadline

South Korea's Trade Minister Ahn Duk-geun said on Friday that “there is a possibility that the trade deal might come after the 8 July deadline.”

Additional comments

  • Requested again for a waiver from US tariff measures at the APEC conference.
  • South Korea's delegation to visit the US next week for further tariff negotiations.
  • Emphasised the importance of the auto and steel sectors during talks with US Trade Representative Jamieson Greer.
  • Has set up formal negotiation framework with the US.
  • Next ministerial-level meeting expected to be held in the middle of June.
May 16, 2025

AUD/USD: Expected to trade between 0.6380 and 0.6445 – UOB Group

Downward momentum has not increased further; Australian Dollar (AUD) is expected to trade between 0.6380 and 0.6445 against US Dollar (USD).
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May 16, 2025

US natural gas prices drop 3.7% on storage data – ING

US natural gas prices fell sharply after storage data from the EIA revealed a larger-than-average inventory build, reinforcing concerns over supply resilience despite year-on-year deficits, ING's commodity experts Ewa Manthey and Warren Patterson note.
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