Forex News

Markets are digesting yesterday's hawkish Fed meeting, driving the US dollar to 13-month highs and looking ahead to the potential for political uncertainty in the UK over the weekend, with big implications for Cable. FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, as well as taking a look at ...

The Federal Reserve held the policy rate steady at 3.50%–3.75% at its June meeting – an outcome that was never really in doubt. The more interesting signals came from the Summary of Economic Projections (SEP), the policy statement, and Chair Kevin Warsh’s first press conference, which may prove to be his most substantial. The statement was simplified and ...

Working gas in storage across the United States stood at 2,759 billion cubic feet in the week ending June 12, the Energy Information Administration (EIA) revealed in its report released on Thursday. The figure marks a net increase of 73 billion cubic feet compared to the week before. On an annual level, the figure declined by 29 billion cubic feet. ...

On the face of it, the latest UK jobs report doesn’t look so bad. The unemployment rate ticked down to 4.9%. Payrolled employment rose after three consecutive monthly declines (it increased by a marginal 2,000 workers). Average weekly earnings growth was higher than expected. But the details still look dovish for the Bank of England. And the report is ...

The Conference Board Leading Economic Index® (LEI) for the US increased slightly by 0.1% in May 2026 to 99.3 (2016=100), following a 0.2% increase in April. After these two consecutive increases, the LEI is down just 0.3% over the six months between November 2025 and May 2026, a much smaller rate of decline than its 1.3% contraction over the previous six ...

OIL IS FLOWING, IRAN CAN NEVER HAVE A NUCLEAR WEAPON (THE WORLD WILL BE SAFE!), THE STOCK MARKETS ARE ROARING, JOBS ARE AT RECORDS, AND PRICES ARE DROPPING (AFFORDABILITY!). OUR COUNTRY IS STRONG, SAFE, AND RESPECTED LIKE NEVER BEFORE. “YOU’RE WELCOME!” President DJT

Yen watchers are on alert for the risk of intervention by authorities to prop up the currency after it hit its weakest level against the dollar since July 2024. Japan’s currency fell as much as 0.2% to 160.80 per dollar on Wednesday before trading at around 160.63 at 11:30 a.m. in Tokyo. The move overnight was driven mainly by a rally in the US currency as ...

The Swiss National Bank said on Thursday it is ready to intervene in foreign exchange markets if a rebound in demand for the safe-haven franc drives the currency higher. It came as the central bank left its main policy rate unchanged at 0%, in a move widely expected by markets, keeping borrowing costs well below those seen in other major economies. In a ...

In the week ending June 13, the advance figure for seasonally adjusted initial claims was 226,000, a decrease of 4,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 229,000 to 230,000. The 4-week moving average was 223,250, an increase of 4,000 from the previous week's revised average. The previous week's ...

BoE Gov. Bailey: The economy has softened, and energy costs are above pre-war levels BoE Gov. Bailey: I am very encouraged by developments in Middle East. BoE Gov. Bailey: While i'm not pretending Brexit has been good, it's been nowhere near as detrimental on UK financial sector as some people initially thought.

Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), were up 1.2% month over month in May and increased 13.6% year over year. Meanwhile, prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), increased 0.7% month over month and rose 33.4% ...

Manufacturing activity in the region weakened overall, according to the firms responding to the May Manufacturing Business Outlook Survey. The survey’s indicators for general activity, new orders, and shipments all fell sharply this month. The employment index ticked up but remained negative, continuing to suggest overall declines in employment. Both price ...

ECB's Lane: Comfortable that hiking makes sense even under a milder scenario ECB's Lane: Open minded to looking through shocks if they are not long lived. ECB's Lane: Even if oil is falling, we think food will keep going up ECB’s Lane: The current situation is a "medium shock"

The Iran war-induced inflation surge is becoming too much for central banks around the world to simply look past and a string of them, led by the U.S. Federal Reserve, have either raised borrowing costs or signalled likely moves to tame price growth. Conflict in the Middle East has pushed up energy costs and even if an interim peace deal holds, so much ...

At its meeting ending on 17 June 2026, the Monetary Policy Committee (MPC) voted by a majority of 7–2 to maintain Bank Rate at 3.75%. Two members voted to increase Bank Rate by 0.25 percentage points, to 4%. Global energy prices have fallen since the previous meeting in response to events in the Middle East. But they remain higher than pre-conflict and have continued to be volatile. The impact of the energy shock on the UK economy remains uncertain. Monetary policy cannot influence energy prices but is being set to ensure that the economic adjustment to them occurs in a way that achieves the 2% inflation target sustainably. The policy stance required to achieve this will depend on the scale and duration of the shock, and how it propagates through the economy. CPI inflation has fallen to 2.8% since the previous meeting, although it is expected to rise later this year as the effects of higher energy prices continue to pass through. The risk of material second-round effects in price and wage-setting, against which policy needs to lean, is greater the longer higher energy prices persist. But the labour market continues to loosen, and signs of a weakening economy could contain inflationary pressures. Interest rates faced by households and businesses remain higher than prior to the conflict, which will act to reduce inflation over time. Taking all the risks to the economic outlook into account, the Committee judges that it is appropriate to maintain Bank Rate at this meeting. The Committee will continue to monitor closely the situation in the Middle East and how its impact propagates through the economy. The Committee stands ready to act as necessary to ensure that CPI inflation remains on track to m BAILEY: PRESSURES FROM IRAN WAR STILL IN PIPELINE DESPITE TRUCE BOE KEEPS GUIDANCE THAT IT 'STANDS READY TO ACT' ON INFLATION BANK OF ENGLAND HOLDS KEY INTEREST RATE AT 3.75% IN 7-2 VOTE BOE BREEDEN: CHANCE OF MATERIAL 2ND-ROUND EFFECTS IS SMALL BOE'S BAILEY, BREEDEN, BREEDEN AND LOMBARDELLI: WOULD RESPOND QUICKLY TO SIGNS OF STRENGTHENING SECOND-ROUND EFFECTS BOE'S GREENE: RATE HIKE VOTE IS INSURANCE AGAINST LARGER SECOND-ROUND INFLATION EFFECTS

IRAN-US COMMIT TO NEGOTIATING FINAL DEAL, IN MAXIMUM 60 DAYS IRAN-US FINAL DEAL DEADLINE EXTENDABLE WITH MUTUAL CONSENT:MOU IRAN TO ARRANGE SAFE VESSEL PASSAGE, WITH NO CHARGE FOR 60 DAYS IRAN PRESIDENT MASOUD PEZESHKIAN: THIS IS A HISTORICAL DOCUMENT AND A MESSAGE FROM A POWERFUL IRAN: PEACE WILL BE REALIZED IN THE SHADOW OF MUTUAL RESPECT. || THE ISLAMIC REPUBLIC OF IRAN HAS ALWAYS BEEN COMMITTED AND STEADFAST TO GLOBAL PEACE WHILE PRESERVING ITS DIGNITY - X pic.twitter.com/kpie5JWGiH IRAN, OMAN TO DISCUSS FUTURE ADMINISTRATION OF HORMUZ SERVICES US-IRAN REAFFIRMS NOT TO PROCURE, DEVELOP NUCLEAR WEAPONS: MOU

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The Bundesbank (Buba) estimated in its weekly report published on Thursday that the spike in energy prices linked to the conflict in the Middle East would lead to higher inflation in the upcoming months. The bank projected that, after a brief recovery, Germany's economy would shrink again due to the crisis, with a sharper decline stopped by expansionary ...

At its June meeting, the SNB struck a relaxed tone on inflation. After rising from 0.1% in February to 0.6% in May, inflation in Switzerland remains comfortably within the SNB’s target range of 0–2%. Energy prices have of course increased in Switzerland, as elsewhere (+17.7% year-on-year for petroleum products). However, the strength of the Swiss franc ...

SNB's Chairman Schlegel: At the moment it is not necessary to act on interest rate.

Swiss National Bank's Tschudin: Economic Activity In Switzerland Resilient, With Solid GDP Growth In First Quarter SNB Vice Chairman: Anticipate Inflation Worldwide To Remain Elevated Over Coming Quarters Due To Higher Raw Material Prices

Current account recorded €16 billion surplus in April 2026, up from €15 billion in previous month Current account surplus amounted to €269 billion (1.7% of euro area GDP) in the 12 months to April 2026, down from €351 billion (2.3%) one year earlier In financial account, euro area residents' net acquisitions of non-euro area portfolio investment securities ...

Ladies and gentlemen On behalf of the Governing Board, it is my pleasure as Chairman to welcome you to the SNB's news conference. After our introductory remarks, we will as usual be pleased to take any questions you may have. Monetary policy decision I will begin with our monetary policy decision. We have decided to leave the SNB policy rate unchanged at 0%. Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold. The discount for sight deposits above this threshold is unchanged at 0.25 percentage points. If necessary, we have an increased willingness to intervene in the foreign exchange market. We thereby counter a rapid and excessive appreciation of the Swiss franc, which would jeopardise price stability in Switzerland. Inflation has risen in recent months as a result of higher energy prices. Medium-term inflationary pressure, however, is virtually unchanged compared with the last monetary policy assessment. Our mo SNB's Chairman Schlegel: Energy prices still determined by war situation. SNB's Chairman Schlegel: If necessary our readiness to intervene in forex market is higher, difficult to say if it is more or less than before.

US Sec. of Defense Hegseth: This will be a real review to ensure nato moving fast, irreversibly toward europe leading. US Sec. of Defense Hegseth: Some NATO allies will "fail" US review.

ISRAEL HOLDING 'STUBBORN NEGOTIATIONS' WITH U.S. OVER ITS PRESENCE IN SOUTHERN LEBANON, SENIOR ISRAELI OFFICIAL CLOSE TO NETANYAHU SAYS ISRAEL HAS NO INTENTION OF BACKING DOWN ON ITS POSITIONS, OFFICIAL SAYS

The Swiss National Bank is leaving the SNB policy rate unchanged at 0%. Banks' sight deposits held at the SNB will be remunerated at the SNB policy rate up to a certain threshold. The discount for sight deposits above this threshold is unchanged at 0.25 percentage points. If necessary, the SNB has an increased willingness to intervene in the foreign exchange market. The SNB thereby counters a rapid and excessive appreciation of the Swiss franc, which would jeopardise price stability in Switzerland. Inflation has risen in recent months as a result of higher energy prices. Medium-term inflationary pressure, however, is virtually unchanged compared with the last monetary policy assessment. The SNB's monetary policy is appropriate to keep inflation within the range consistent with price stability and it supports economic development. The SNB will continue to monitor the situation and adjust its monetary policy if necessary, in order to ensure price stability. As expected, inflation has risen since the last monetary policy assessment, from 0.1% in February to 0.6% in May. This increase was mainly attributable to higher prices for oil products. The other goods and services made little contribution to the rise in inflation. According to th * #SNB LEAVES POLICY RATE AT 0%; EST. 0% - BBG *SNB SAYS PREPARED TO INTERVENE IN CURRENCY MARKETS IF NEEDED *SNB HAS AN INCREASED WILLINGNESS TO INTERVENE IN FX MARKETS *SNB SEES 2026 GDP GROWTH ABOUT 1% *SNB SEES 2027 GDP GROWTH ABOUT 1.5% *SNB SEES 2026 INFLATION AT 0.6%;…

Two securities firms have published diverging but broadly cautious assessments of the Federal Reserve's policy path following the June meeting, with one placing near-even odds on a December rate hike and the other holding a no-move call for 2026 while flagging rising hike risk into next year. Both analyses centre on the same set of facts. The Fed left its ...

ECB's Nagel: New forms of money could weaken rate policy transmission.

The Federal Government Expert Group on Business Cycles has revised its growth forecast for Switzerland slightly downward. GDP is now expected to increase by 0.9% in 2026 – well below the historical average – followed by 1.6% in 2027 (March forecast: 1.0% and 1.7% respectively). [1] The crisis in the Middle East is driving up energy prices and weighing on ...

Estimates for payrolled employees in the UK fell by 138,000 (0.5%) between April 2025 and April 2026, and decreased by 53,000 (0.2%) between March and April 2026. This is based on administrative data from HM Revenue and Customs (HMRC). When looking at February to April 2026, the period comparable with our Labour Force Survey (LFS) estimates, the number of ...