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Trump plays down odds of quick success with North Korea - Reuters

As reported by Reuters, US President Donald Trump downplayed the chances of reaching a quick resolution with North Korea in the upcoming off-and-on meeting between Trump and North Korea's Kim Jong Un.

U.S. President Donald Trump on Thursday played down the chances of a quick deal in getting North Korea to abandon its nuclear arms as a delegation from Pyongyang headed to meet him with a letter from North Korean leader Kim Jong Un, suggesting a proposed summit may be back on. 

Trump told Reuters he was still hoping for an unprecedented meeting with Kim on June 12 in Singapore to push for North Korean “denuclearization,” but North Korea’s leader said his position on that central issue had not changed.

In Pyongyang, Kim gave no indication of any shift on denuclearization, saying his country’s will to see it realized on the Korean peninsula remained “unchanged, consistent and fixed,” and that he hoped North Korea-U.S. relations and denuclearization of the peninsula would both be solved on a “stage-by-stage” basis.

 - Reuters

Forex today: a game of two halves caps EUR/USD's advance, caps USD/JPY at 109.00

EUR/USD was bid up on the 5S/Lega coalition trying to form a new government.  IT/DE yield spreads were off their highs and the EU banking sector recov
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USD/CNY fix projection: 6.4103 - Nomura

Analysts at Nomura offered their model's projection for the USD/CNY fix. Key Quotes: "Our model1 projects the fix to be 41 pips lower than the previ
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