Bank of England Governor Bailey: Inflation is too high and we need to bring it down sustainably to the 2% target.

Bank of England Governor Bailey: If there is evidence that the pressure will last longer, then further tightening of monetary policy will be needed.

German Foreign Minister: We want to secure energy supplies by cooperating with Qatar.

South Korean President Yoon Suk-yue: We will also work with Canada on key economic security issues, including supply chain and clean energy issues.

South Korean President Yoon Seok-yue: We have reached an agreement to deepen cooperation in the fields of key minerals and energy.

South Korean President Yoon Suk-yue: I have reached an agreement with Canadian Prime Minister Trudeau to expand our support for cooperation in the defense industry.

South Korean President Yoon Suk-yue: Canada is welcome to join the Indo-Pacific Economic Framework.

German Chancellor Scholz: Ukrainian President Volodymyr Zelensky welcomes various negotiation initiatives, but the solution cannot be to freeze the conflict.

Volkswagen CFO: We have not yet decided to convert the Wolfsburg plant to electric car production.

German Chancellor Scholz: (Talking about the US call to ban exports to Russia) We are looking for a pragmatic solution to prevent it from circumventing sanctions without changing major systems.

EU Economic Commissioner Gentiloni: It is expected that the EU customs agency will be established by 2028.

Hunt, Chancellor of the Exchequer: We will ensure we remain competitive under the US inflation-cutting bill.

According to the Nikkei News: Japan considers raising premiums for child insurance policies.

Market news: The EU will require online platforms to collect customs duties and value-added tax when purchasing.

British Chancellor of the Exchequer Hunt: It is very important that British regulators understand the need to promote economic growth.

British Chancellor of the Exchequer Hunt: Companies like Microsoft invest in the UK because the UK has independent regulatory agencies.

British Chancellor of the Exchequer Hunt: The reality is that there is a shortage of electric vehicle batteries.

Market news: European Parliament elections are scheduled for June 6-9, 2024.

EUR/USD was down 0.3% on the day at 1.0828, a six-week low.