United States EIA Crude Oil Stocks Change below forecasts (-2.9M) in May 15: Actual (-7.864M)

Canadian Dollar remains pressured as hawkish Fed bets and Iran tensions support the US Dollar

USD/CAD trades with a mild upside bias on Wednesday, supported by a firmer US Dollar (USD), while a modest pullback in Crude Oil prices weighs slightly on the commodity-linked Canadian Dollar (CAD). At the time of writing, the pair is trading around 1.3760, hovering near one-month highs.
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Malaysia: Cautious exports outlook with strong surplus – UOB

UOB’s Global Economics & Markets Research, led by Julia Goh and Loke Siew Ting, highlights that Malaysia’s exports surged in April, driven by robust E&E demand and record re-exports, widening the trade surplus.
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