Forex News

As the U.S. celebrates its 250th birthday, here are eight economic reasons to light up the sky. Sturdy economy: Growing 2.7% in the past year to Q1, U.S. real GDP is not only the strongest since 2024, it is also vastly outperforming its long-run potential and every other G7 nation. Accelerating productivity: Underpinning both near- and long-term economic ...

The European Securities and Markets Authority (ESMA) issued a public statement on 3 July reminding firms that products marketed as "event contracts" may still be subject to the bloc's long-standing prohibition on binary options for retail clients, regardless of their commercial branding. The statement, addressed to both firms and national competent ...

Options traders are paying up to hedge against sharp moves in the yen ahead of thin US holiday trading, as speculation grows that Japanese authorities may be less predictable in how they intervene to support the currency. One-week dollar-yen risk reversals have become more negative recently, signaling greater demand for yen call options relative to dollar ...

June's gain of 57,000 jobs failed to meet economists' expectations, with payroll growth cooling after months of growth. Still, the labor market appeared to be on steady footing, with the unemployment rate sliding to 4.2%. But look under the hood of Thursday's jobs report, and there's some evidence that this remains a tough — or at least weird — labor market ...

In recent months, the French economy has displayed a degree of duality. While weak household sentiment has weighed on the services sector and domestic demand, industry has performed much better, supported by strong external demand and a highly favourable sectoral mix. However, the data released today suggests that the main engine of the French economy is ...

NAGEL SAYS GERMANY TOOK VERY IMPORTANT STEP FOWARD ON REFORMS NAGEL: RECENT RETREAT OF ENERGY PRICES A SURPRISE, SITUATION STILL VOLATILE NAGEL SAYS ECB SHOULD BE VIGILANT, KEEP OPTIONALITY

BoE Gov. Bailey: BoE seeks inflation target without damaging output.

ECB’s Makhlouf: The ECB has the absolute will to deliver 2% inflation.

The South African rand firmed in early trade ​on Friday, ⁠buoyed by a weaker dollar, while locally focussed traders awaited the private sector purchasing managers' ​index (PMI). At 0706 GMT, the rand traded ​at 16.2025 against ​the dollar , up about 0.5% from its previous close. The U.S. ⁠dollar was down 0.3% against a basket of currencies after a tepid ...

When markets buckle, investors usually know where to hide: U.S. Treasurys, the Japanese yen and gold. But in 2026, that playbook has not worked as expected. Treasury yields have climbed since the Iran war began, the yen has weakened to multi-decade lows against the dollar, and gold has fallen sharply from its January peak. The reason, strategists say, is ...

The United States has warned Poland that Russia may stage a limited armed provocation on Polish territory in an effort to test NATO's response and weaken Western support for Ukraine, The Telegraph reported Friday. Washington has issued several warnings to Warsaw about possible Russian plans, according to sources close to Polish President Karol Nawrocki who ...

GBP Higher Despite Political Uncertainty GBPUSD continues to push higher ahead of the weekend with recent GBP gains bolstered by a weaker US Dollar. We’ve heard chatter of fund managers unwinding GBP short positions recently, reflecting the shift in sentiment around political change in the UK. With Andy Burnham widely expected to take over as Labour leader ...

The European Central Bank’s Christine Lagarde has declined to rule out an early end to her term as president, as she mulls a foray into French politics. Lagarde, whose term as ECB President ends in October 2027, told French newspaper Les Echos an early departure is “possible” ahead of the country’s presidential elections that year. “I think a European voice ...

Pepperstone has appointed Reed Sayer as Head of UK, bringing in a senior executive from rival broker XTB as competition for UK retail trading clients continues to intensify. Sayer joins Pepperstone after more than a decade at XTB, where he most recently served as Head of UK Sales. He will be responsible for driving Pepperstone’s UK growth strategy, ...

The US dropped against the Franc on Thursday, as the jobs report was significantly missed, and this has us watching the big figure of 0.80 below. The US dollar fell against the Swiss franc during trading on Thursday as the non-farm payroll announcement came out much weaker than anticipated. The Bureau of Labor Statistics reported that the United States ...

*BANK OF FRANCE CHIEF MOULIN SPEAKS WITH BLOOMBERG TELEVISION *MOULIN: INFLATION READING WILL MAKE OUR JOB EASIER *MOULIN: WE HAD GOOD NEWS ABOUT OIL *ECB'S MOULIN: WE'RE IN A GOOD POSITION *ECB'S MOULIN: BALANCE OF RISK IS IN THE RIGHT PLACE *ECB'S MOULIN: JUNE HIKE WAS THE… ECB's Moulin: Don't expect a sharp increase in growth in Q2

China’s yuan edged up on Friday, on track for its first weekly gain in three weeks, reflecting broad greenback weakness after a soft US jobs report pushed back expectations for Federal Reserve rate hikes. At one point, onshore yuan strengthened 0.06% to 6.7790 per dollar — its strongest level since June 23 — before changing hands at 6.7815 as of 0325 GMT. ...

Business activity across the service economy decreased for the second month running in June. Although only modest, the rate of contraction was the steepest for nearly threeand-a-half years. At 48.8 in June, down from 49.3 in May, the headline seasonally adjusted S&P Global UK Services PMI Business Activity Index remained below the 50.0 no-change mark and ...

European Council's Costa: The EU will approve the savings and investment union this year EU's Costa: The next EU budget will double investment in research EU's Costa: Need to approve EU budget by the end of this year

In May 2026, seasonally adjusted retail sales increased by 0.2% in value and by 0.1% in volume compared with April 2026. In the three months to May 2026, retail sales rose by 1.2% in value and by 0.5% in volume compared with the previous three-month period. On a year-on-year basis, retail sales in May 2026 increased by 2.2% in value and rose by 0.4% in ...

After two months of moderate decline in business activity across the euro area in April and May, the latest S&P Global PMI® survey data signalled a stabilisation of the economy at the end of the second quarter. Private sector payroll numbers were also broadly steady, after job cutting had intensified during the previous month. Other positive outcomes ...

Germany's services firms recorded a third straight monthly decrease in business activity in June, with weak demand continuing to weigh on the sector, the latest PMI® survey results showed. The pace of contraction in activity did however slow slightly, with the same also applying to the rate of job losses. Notably, there was a sharp slowdown in the rate of ...

French services activity continued to fall at the end of the second quarter, latest PMI® survey data showed, although the rate of contraction slowed from May's five-and-a-halfyear record. This was also true for new orders, which saw its pace of decline ease noticeably from that seen mid-quarter. Other key findings included a slight pick-up in business ...

The far-right Alternative for Germany is in a buoyant mood as it holds a convention this weekend. It is capitalizing on the unpopularity of a government that’s trying to reform the sluggish economy, and eyeing promising prospects of power in an eastern region this fall. Yet the anti-migration nationalist party is as polarizing as ever. Its meeting is ...

Service providers based in Italy signalled the first signs of expansion since the outbreak of war in the Middle East, ending the first half of the year in growth territory. A fresh improvement in overall demand for Italian services underpinned the upturn in activity. Demand from abroad remained weak as export sales continued to contract, but only slightly. ...

Japan's Dep. Chief Cabinet Sec. Kihara: Taking appropriate action on forex at all times as needed

Spain’s service sector enjoyed a strong rebound in activity and new business growth during June amid signs of improved market demand and an uplift in confidence. Jobs continued to be created, with growth the best since March as service providers responded to some notable capacity pressure. On the price front, input price inflation remained elevated, largely ...

IRANIAN PARLIAMENT SPEAKER: WE WILL NOT ALLOW THE UNITED STATES TO INTERFERE IN THE STRAIT OF HORMUZ

In May 2026, after two months of growth, production fell sharply in the manufacturing sector (-1.0% after +0.6% in April 2026). Overall, it also declined, but more slightly (-0.1% after +0.3%). In May 2026*, production declined in all major manufacturing sectors. It fell in the manufacture of transport equipment (-2.8% after +3.3%) and in the manufacture of ...

The U.S. dollar slips 0.3% against the yen, with USD/JPY trading at 160.57.