Forex News

* #ECB CHIEF ECONOMIST PHILIP LANE SPEAKS ON BLOOMBERG TELEVISION *LANE: OIL MARKET HAS MOVED QUITE A BIT SINCE LAST DECISION *LANE: LET'S SEE HOW LOWER OIL PERCOLATES ACROSS THE ECONOMY *LANE: THERE HASN'T BEEN FAST RETHINKING OF INVESTORS, CONSUMERS *LANE: INVESTORS,…

According to preliminary figures from the Federal Statistical Office (Destatis), retail sales in Germany rose by 1.1% in real terms (price-adjusted) and by 1.0% in nominal terms (not price-adjusted) in May 2026 compared to April 2026, after adjusting for calendar and seasonal effects. Compared to the same month of the previous year, May 2025, sales ...

Import prices were 6.8% higher in May 2026 than in May 2025. This was the largest year-on-year increase recorded since December 2022 (+9.6% on December 2021). Compared with the same month a year earlier, the rate of change was +5.3% in April 2026, and +2.3% in March 2026. The Federal Statistical Office (Destatis) also reports that import prices in May 2026 ...

UK real gross domestic product (GDP) is estimated to have increased by an unrevised 0.6% in Quarter 1 (Jan to Mar) 2026, following a revised growth of 0.1% in Quarter 4 (Oct to Dec) 2025. In output terms, growth in the latest quarter was caused by an increase in all three sectors, with the largest contribution from the services sector, which grew by 0.8%. ...

The underlying UK current account deficit, excluding precious metals, narrowed to £15.1 billion, or 1.9% of gross domestic product (GDP) in Quarter 1 (Jan to Mar) 2026; this is a change of £3.2 billion compared with the deficit of £18.2 billion in the previous quarter. The UK current account deficit, including trade in precious metals, narrowed by £5.0 ...

The head of the European Central Bank defended its June 11 rate hike as justified to ward off real inflationary pressures and said it wasn’t just a mere “insurance hike.” ECB head Christine Lagarde said Monday that without the quarter percentage-point increase, inflation could have lingered above the bank’s 2% target into 2028. “Some have characterized our ...

This post was meant to be a deep dive into the inflation data. Mostly, it still is. But this morning, the Supreme Court ruled in Lisa Cook's favor, blocking her removal from the Fed over unproven allegations. So monetary policy stays guided by data, like inflation, employment, and in the hands of the Fed, not the President. The same day's events also ...

Private consumption across Asia remained subdued in 2025, reflecting soft real income growth, cautious household sentiment, and the lagged effects of earlier monetary tightening. Recent declines in oil prices are a welcome relief, easing pressure on household purchasing power and supporting sentiment. At the same time, strong equity market gains - most ...

CNBC's Frank Holland is joined by Jim Bullard, former president of the Federal Reserve Bank of St. Louis, to discuss the Supreme Court's ruling that President Trump does not have the authority to fire Federal Reserve Governor Lisa Cook from the central bank for now as well as what may be next for monetary policy.

China’s manufacturing activity picked up faster than expected in June buoyed by strong demand for high-tech exports amid global AI boom. The official purchasing managers’ index edged up to 50.3 in June, beating economists’ forecast of 50.1, returning to the expansionary territory above the 50-point threshold. The index stood at 50 in May. The ...

The yen was pinned at levels not seen since 1986 on Tuesday, stoking worries that a direct intervention from Tokyo was around the corner, while the dollar backed away from 13-month highs ahead of jobs data that could influence the U.S. rate outlook. The yen weakened to 162.27 per dollar in early trading, a 40-year low, with focus turning to Tokyo's next ...

Members observed that financial conditions abroad had eased somewhat since the previous meeting, in response to progress towards resolving the conflict in the Middle East. Expectations for central bank policy rates had generally declined, oil prices had fallen significantly and equity prices had risen in many countries. Members acknowledged the indications of a potential resolution of the conflict but noted the ongoing uncertainty over the final outcome and the implications for energy markets. Even after the recent easing in financial conditions, policy interest rate expectations across many advanced economies remained higher than before the start of the conflict in the Middle East. Members noted that the European Central Bank and Norges Bank had both raised interest rates to contain the second-round effects of higher oil prices and address broader concerns about above-target inflation. The US Federal Reserve and Bank of England – both of which had been expected by financial market participants before the conflict to have lowered their policy rates by now – had decided to maintain their policy rates. Financial market participants expected both to lift these rates later in 2026. More generally, financial markets continued to expect that many advanced economy central banks would tighten monetary policy before the end of 2026 in response to above-target inflation and concerns about the inflationary effects of the conflict. Bond yields in many advanced economies, including Australia, had unwound some of their earlier increase since the previous meeting. These falls were in response to both lower oil prices and the flow of economic data. However, yields had risen in the United States and Japan, reflecting stronger economic data. Short-term inflation compensation measures had generally eased but remained higher than before the onset of the conflict in the Middle East. Longer term market expectations for inflation had remained generally stable and consistent with central banks’ targets. The Australian dollar had depreciated a little since the previous meeting, in line with a decline in yield differentials (particularly against the United States) and a modest fall in commodity prices. The trade-weighted exchange rate nevertheless had remained comparable to its level at the onset of the conflict and broadly consistent with its estimated long-run equilibrium level. RBA: ONGOING WEAK PRODUCTIVITY MAY HINDER PROGRESS IN BRINGING INFLATION BACK TO TARGET ... RBA: WILL TAKE NECESSARY STEPS TO ENSURE PRICE STABILITY, INCLUDING POTENTIAL RATE HIKES ... RBA: Interest rates must remain restrictive to bring down excess demand pressures in the economy. RBA: Recent data varied, indicates economy slowing broadly as anticipated

The table below presents a summary of the latest financial aggregates statistics. table All growth rates for the financial aggregates are seasonally adjusted, and adjusted for the effects of breaks in the series. Data for the levels of financial aggregates are not adjusted for series breaks, and growth rates should not be calculated from data on the ...

Business confidence jumped 27 points in June to +37. Expected own activity rose 11 points from 25.6 to also be +37. Most of the lift in both preceded the sharp fall in oil prices mid-month. Reported past activity fell from 14.8 to 9.0. • Inflation indicators were softer. Inflation expectations eased from 3.63% to 3.36%, cost expectations fell from 90 to 85, ...

Japan Chief Cabinet Secretary Kihara: always ready to take necessary action on forex

A former senior Bank of Japan official has said the central bank's next interest rate increase is likely to come before December, pushing back against the consensus view among economists that the BOJ will hold until the final month of the year. Kenzo Yamamoto, a former BOJ executive, told Bloomberg that the case for an earlier move rests on an underlying ...

The euro has spent the past few months on the back foot, driven by a combination of U.S. economic resilience, energy insecurity stemming from the Iran-US war, concerns that an aggressive ECB tightening cycle could crimp growth, and, more recently, a hawkish shift from the Federal Reserve. But that mix is now beginning to shift. With crude oil prices back ...

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Gasoline Retailers must get their Prices down, IMMEDIATELY! They’re too high considering that Oil is now at $68 a Barrel, and heading south. The Retailers must quickly react to this statement, and do what they know is right — DROP YOUR PRICE FOR OUR GREAT AMERICAN PEOPLE! There will be no gauging, which is totally illegal. If Retailers don’t do this, big problems lie ahead! Start targeting around the $2.50 a Gallon number, and California should stop charging such heavy Taxes on their Gasoline. Soon the Tax will be higher than the Product itself, and the United States will not stand for it, nor will the People of California, who are being abused by these ridiculous Taxes, and by their own Government. President DONALD J. TRUMP

TRUMP AUTHORISES TEMPORARY SUSPENSION OF CERTAIN DUTIES ON PHOSPHATE FERTILIZER IMPORTED FROM MOROCCO - WHITE HOUSE Declaration of Emergency and Authorization for Temporary Duty Free Importation of Phosphate Fertilizer from Morocco 1. Fertilizers are an essential component of agriculture and food production. Producers of corn, soybeans, wheat, and a variety of other crops need phosphate fertilizers to ensure strong crop yields to feed the population. Food production is critical to human health, farm security, and to the function of major sectors of the economy, and even isolated interruptions in food production can have serious health and economic consequences. Robust and reliable food production is therefore critical to the economic and national security of the United States. 2. During the planting and growing season, soil and crops require critical nutrients, including the phosphorus supplied by phosphate fertilizers, and in the coming months, farmers will apply more than half of annually consumed phosphate fertilizers between the fall and very early spring prior to next spring’s planting. To ensure a stable food supply, predictable and timely sources of phosphate fertilizer must be procured to meet United States demand, which requires adequate supply of phosphate fertilizer, a critical type of plant food.

When the CEO of Chevron stood in front of a crowd a month ago, his warning should’ve echoed across media headlines. He told us flat out that we’ll soon start seeing physical shortages — actual shortages to the point where there isn’t enough crude moving to the refineries that need it regardless of what price buyers are willing to pay. That’s a league far ...

One ultra-rare piece of baseball history could be quite the heavy hitter on the block. Aaron Judge’s debut jersey will be coming up for grabs this summer, with a whopping estimate of $3 million to $5 million. The Yankees memento will be a part of Sotheby’s upcoming auction of over 170 lots of basketball, baseball, football, tennis, and more sports ...

DuraMarkets, a global CFDs and Forex broker, today announced the rollout of instant withdrawals for its clients, enabling traders to access their funds within one hour, a significant step forward in trading flexibility and financial freedom. With the new instant withdrawal feature, clients can request withdrawals of up to $2,500 and have funds processed in ...

It's going to be a blockbuster kind of week for the Canadian economy. The deadline to renew Canada-U.S.-Mexico Agreement will (almost assuredly) swoosh by on Wednesday, accompanied by a chorus of commentary and recriminations. Before we get there, we will get the latest GDP numbers for April on Tuesday. The economy has been struggling to find its footing. ...

After 15 years churning out hit titles like Grand Theft Auto, Red Dead Redemption, and NBA2k, this CEO knows what makes a hit—even if he doesn’t play video games himself. Strauss Zelnick, a Harvard Law School and Harvard Business School graduate, has been CEO of Take-Two Interactive Software since 2011. During that time, he has helped skyrocket the ...

Europe’s worries have promptly shifted from fuel shortages to blistering heat. While also not great for the economy, it is surely preferable to another energy shock. And sentiment among businesses and consumers is cautiously improving. The increase in the Economic Sentiment Indicator from 93.7 to 95 marks the second cautious increase in a row, with most of ...

It is a pleasure to welcome you to the ECB Forum on Central Banking. Over the past 15 years, the euro area faced an environment of extraordinary pressures that called for unconventional responses. The sovereign debt crisis brought us towards the effective lower bound. The pandemic collapsed demand further. We responded with asset purchases and refinancing operations to support the economy, and new instruments to address fragmentation. Our toolbox expanded in other ways too: forward guidance with lift-off criteria, sequencing commitments, links between different policy instruments. When the environment reversed and Russia cut off our access to natural gas, we responded with a conventional instrument used in unconventional ways: the fastest tightening cycle in our history, raising rates in increments we had never used before. But in today’s environment, monet Lagarde Says Europe Is Getting More Resilient to Economic Shocks ECB's President Lagarde: it is not accurate to describe the June move as an insurance hike.

Introductory speech by Christine Lagarde (President, European Central Bank) at the ECB Forum on Central Banking. The ECB Forum on Central Banking – the Sintra Forum – is an annual event organised by the European Central Bank and is held in Sintra, Portugal. It brings together central bank governors, academics, financial market representatives, journalists ...

Detroit Lions star Terrion Arnold was granted $1 million bail Monday after he was charged with a kidnapping and armed robbery plot. Authorities testified at the cornerback’s hearing that he offered to pay his 18-year-old lover and her roommate to lure his targets to their apartment by promising them sex, according to an investigator in the case. Arnold ...

Iran's Deputy Foreign Minister Gharibabadi: Iran opposes, and will try to obstruct, any vessels transiting through paths in Hormuz that are not specified by Tehran.