Forex News

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.

China has allowed the renminbi to strengthen in nominal terms against the USD, EUR and key North Asian currencies (JPY, KRW and TWD) year to date, including close to 11% versus the KRW. In mid-June, German Chancellor Friedrich Merz called for a new Plaza Accord to address the EU trade deficit with China and implied the currency was 30% undervalued, but the ...

The Australian housing market is currently facing significant pressures, with dwelling values declining in major cities. Over the past three months, Melbourne and Sydney have registered annualised declines of approximately 10 per cent and 12 per cent, respectively. Nationally, dwelling prices fell at a 5.3 per cent annualised pace over the same period. ...

The three key themes emerging from this year's ECB Forum in Sintra were: • Greater flexibility in monetary policymaking, with central banks placing less emphasis on forward guidance and more emphasis on communicating the framework underpinning policy decisions. • The uncertain implications of AI, which has the potential to reshape productivity and labour ...

On the surface, a June drop in the unemployment rate helped provide some upside to what was an otherwise downbeat jobs report — but it was for all the wrong reasons. That’s because the decline in the jobless level to 4.2%, the lowest in a year, came largely from an exodus of workers from the labor force, according to the Bureau of Labor Statistics data ...

Federal Reserve Chair Kevin Warsh said on Wednesday he will stick to the central bank's 2% inflation target and will "disappoint" anyone expecting otherwise, speaking at the European Central Bank's annual forum. Warsh reiterated the Fed's commitment to price stability while noting that inflation risks have come down in recent weeks alongside softer ...

A new Citi Research report from a team led by Chief China Economist Xiangrong Yu explores how AI has become the defining force shaping China’s K-shaped economy and looks at the divergence between the new economy — the strong leg of the K — and the weaker leg that represents traditional sectors. These fault lines, in our view, are being deepened by the AI ...

The latest RatingDog PMI® survey data showed that Chinese service sector activity continued to rise solidly in June, as did inflows of new work. Companies increased their charges for the first time in four months and at the strongest rate in over two years as pricing power improved. Meanwhile, cost pressures eased since May. The headline RatingDog China ...

Japan finance minister Katayama: ready to act appropriately on currency fluctuations Japan’s Finance Minister Katayama declined to comment on particular foreign exchange levels. Japan’s Finance Minister Katayama says authorities are working closely with the U.S. on foreign exchange, including during the U.S. holiday period. Japan finance minister Katayama: expect BoJ to implement suitable monetary policy in coordination with government

Bank of England policymaker Catherine Mann said an “activist move” could be required if inflation expectations and realised outcomes shift in a way that is unfavourable to the underlying inflation process, according to a speech text released ahead of an event hosted by Natixis. She argued such action could help steer expectations and inflation back towards ...

The US job market stumbled in June and wasn’t quite as solid as previously believed over the prior two months. The result drove down shorter-term US Treasury yields and reduced OIS contract pricing for hikes with the September contract now down 10bps from the full hike pricing back on September 22nd. Payrolls increased by 57k in June which was close to my ...

The bellwether S&P 500 rose this week and still went nowhere, churning near the middle of the range that has boxed it in since May. The chart may be tracing out a diamond top — an uncommon reversal pattern that, if it breaks, would project a decline toward roughly 6900. There is no break yet, only chop. What makes the stall telling is that the backdrop ...

At the start of the last Premier League season, eleven clubs ran out with a gambling company's logo on the front of their shirt. As the next campaign approaches, every one of those clubs needs a new partner. At the same time, the Financial Conduct Authority (FCA) has sent a formal letter to Premier League clubs warning that a growing number of their ...

The US Dollar breakout is facing its biggest test yet after a sharp rally from the May lows carried DXY into long-term downtrend resistance. The advance has strengthened the broader technical outlook, but price is beginning to stall at a major inflection zone as softer-than-expected U.S. jobs data trims expectations for near-term Fed tightening. With the ...