Asia May 20

​Key Headlines:
- Australian Employment Change Actual -30.6k vs 20k forecasted. AUD/USD weakened initially, then strengthened after better than expected Unemployment Rate of 5.5% vs 5.6% forecasted.
- For the 13th month in a row, China's loan Prime Rates have remained unchanged.
- The GOP are open to boosting IRS collections for infrastructure - Axios.
- Democrats are considering weakening the Biden levy on capital gains for estates.
- US Secretary of State Blinken: The US has waived sanctions on Nord Stream 2 AG and company CEO - statement.
- US State Department: The US has sanctioned four Russian vessels and four Russian organizations that are assisting in the construction of the Nord Stream 2 pipeline.