Headlines May 19th

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.

​Fed Minutes: Some saw taper talk starting at upcoming meetings. - DXY strengthened.