Forex News

US Trade Representative Jamieson Greer discusses the Section 301 investigation on Brazil and says the US is now in a trade surplus with Switzerland. Speaking with Bloomberg's David Gura on "Asia Trade," Greer also says China’s compliance is not perfect, when asked about a bilateral rare earths pact.

*BRAZIL TO INVOKE RECIPROCITY LAW TO CONTEST US TARIFFS: GOVT

Oil prices managed to eke out a third day of gains amid few signs of de-escalation between the US and Iran. The US carried out additional strikes against Iran. There are also media reports that the US is considering increasing military operations. Iran, meanwhile, said it has no plans to talk. The rapid deterioration is having a meaningful impact on vessel ...

Pepperstone, a leading Forex (FX) and Contracts for Difference (CFD) brokerage has today announced it has strengthened its leadership team in the Middle East with the appointment of Mohammed Almadhoun as Head of Middle East and Osama Hamdan as Head of Sales. This latest team expansion reinforces the broker's long-term commitment to becoming one of the ...

Japan Finance Minister Highlights Monitoring of Markets and Economic Conditions to Ensure Fiscal Stability Just in | Japan's Finance Minister Katayama asserts that the Bank of Japan should dictate monetary policy tools.

Brazil's government raised ⁠its ⁠inflation forecast for this ⁠year to 5.1% on Wednesday from 4.5% ​projected in May, putting consumer prices above the central bank's target of 3%, with a tolerance band of 1.5 percentage points in either direction. The Economic ⁠Policy Secretariat ⁠at the Finance Ministry, which produces the government's official ​forecasts, ...

Japan Finmin Katayama: ready to take appropriate action on currency anytime as needed

John Harold Rogers, 64, a former senior adviser for the Federal Reserve Board of Governors (FRB), was sentenced today in U.S. District Court to 38 months in federal prison in connection with making false statements to federal investigators about sharing restricted Federal Reserve information with Chinese intelligence operatives, announced U.S. Attorney ...

The British pound was the standout performer among the major currencies on Wednesday, buoyed by a weaker US dollar and growing optimism over the UK's fiscal outlook. Sterling rallied across the board, lifting GBP/USD to a nine-week high while GBP/AUD rebounded from support to challenge key long-term resistance. GBP/USD rallied 1.2% to a nine-week high ...

It’s never certain when the next US Treasury Foreign Exchange Report will be issued, but the report that was technically due in April is late. Amid a worldwide focus on global imbalances and the surge of Chinese exports, eyes may revert to whether the Treasury might designate China for currency manipulation. A case can be made either way, but pragmatism ...

Global markets began the session with commodity-linked currencies outperforming as investors digested China’s latest economic data alongside renewed strength in crude oil prices. While weaker Chinese GDP figures highlighted ongoing growth concerns, the Australian and New Zealand Dollars remained resilient, suggesting markets had largely priced in the softer ...

Iran has allowed an American Citizen, who was wrongfully detained in December of 2024 under the “presidency” of Sleepy Joe Biden, to leave the Country. She is now safely outside of Iran, and in good condition. The United States of America appreciates this gesture of Goodwill by Iran! President DONALD J. TRUMP

The treasury department announced Wednesday that the US Mint has started producing a new commemorative $1 coin featuring Donald Trump as part of the nation’s 250th anniversary celebration. The coin is scheduled for release this fall. Treasury officials said its final design was approved earlier this year by the US Commission of Fine Arts, whose members were ...

Welcome to the St. Louis Fed and to the 34th Homer Jones Memorial Lecture. Thank you for joining us this evening. The Homer Jones Memorial Lecture has featured many distinguished speakers over the years. Today is no exception. Before I introduce our speaker, I want to share about the person for whom this lecture is named. Homer Jones was a transformational ...

The International Monetary Fund's strategy chief urged government officials on Wednesday to focus on medium-term fiscal frameworks and maintain a firm commitment to price stability in the current shock-prone world. Christian Mumssen, who took over as the fund's director of strategy in October, said the global economy had been rocked in recent years by a ...

While the FIFA World Cup provided a tourism boost to host cities, its positive impact was mitigated by economic weakness seen elsewhere, according to a Federal Reserve report released Wednesday. The soccer tournament, which the U.S. co-hosted, has fetched median admissions prices topping $900, according to TicketData. Yet the latest edition of the Fed’s ...

video Jim Bullard has been there, done that more than once when it comes to steering the U.S. economy through some of its most severe challenges. Jim over as president of the Federal Reserve Bank of St. Louis in 2008, after working for many years as an economist and then its deputy director of research, just as the U.S. economy was sliding into the Great ...

As the second half of 2026 begins, Citi Research's outlook remains centered on a global economy that continues to expand despite geopolitical uncertainty, moderating inflation, and ongoing supply-side pressures. While growth expectations have softened, our base case remains one of continued expansion rather than recession. At the same time, the AI ...

Trump Leans Toward Expanding US Military Operations In Iran – @WSJ #OOTT Trump discussed seizing Kharg Island in a meeting yesterday - WSJ.

The Bank of Canada held its key interest rate steady for the sixth consecutive time on Wednesday, a decision that a veteran money manager said was expected given the central bank’s penchant for waiting things out during times of uncertainty. “I think (the Bank of Canada is) looking for underlying trends and they’re very hard to find right now,” Ed Devlin, ...

Trump on Fed: It is better to pause rates than to raise them. *TRUMP: WOULD LIKE TO SEE INTEREST RATES GO DOWN Trump: I think inflation at the year-end will be lower than it is now. Trump: I wish I could use tariffs faster. Trump: Oil price will yo-yo for a while.

At 3 p.m. ET, U.S. forces launched operations for a second wave of strikes today against Iran. The strikes are targeting Iranian military capabilities used to threaten vessels freely transiting through the Strait of Hormuz, an international waterway vital to global commerce. The…

Three US Officials: Recent US strikes on Iran are strengthening options for potential US escalation.

On Monday, in a speech at the New York Association for Business Economics, Federal Reserve Governor Christopher Waller discussed the U.S. economic outlook and the implications for “monetary policy at a crossroads.” His remarks were more hawkish than many observers expected. Indeed, he’s the first voting member of the Federal Open Market Committee (FOMC) to ...

*TRUMP ON IRAN: I DON'T LIKE GIVING DEADLINES TRUMP ON IRAN: THEY BETTER BEHAVE - RTRS $CL

Economic activity increased at a slight to moderate pace in eleven of twelve Federal Reserve Districts in late May and June, while one District reported no change. The pace of growth was quite close to that of last period, when activity expanded in ten Districts, was flat in one, and down in one. Consumer spending edged up as higher prices, particularly for fuel, dampened sales in other categories. Several Districts noted declines in spending on discretionary items or trading down to more affordable varieties. Tourism was up, with some Districts receiving a boost from World Cup visitors. Auto dealers reported little change in sales, but spending on repairs grew as consumers held onto vehicles for longer. Agricultural conditions deteriorated due to lower commodity prices, higher input costs, and tighter credit. In the energy sector, oil and gas drilling increased. Manufacturing production grew modestly to moderately in most Districts, led by stronger orders from the data center, machinery, and defense sectors. Manufacturers in several Districts said supply chain issues were more common. Construction and real estate activity increased slightly overall, with several Districts noting growth in data center building. Financial conditions were stable on net, and commercial and consumer loan volumes were both up modestly. Commercial loan quality was stable, but consumer loan quality ticked down. Transportation activity increased modestly amidst ongoing supply chain changes related to higher tariffs and the conflict in the Middle East. Overall, activity in other service industries also was up modestly, with Districts highlighting growth in health care and professional services. Social service providers were Fed Beige Book: Contacts generally expected the economy to continue to expand in the coming months, but several districts noted elevated uncertainty in the outlook for fuel costs. Beige Book: "Economic activity increased at a slight to moderate pace in eleven of twelve Federal Reserve Districts in late May and June, while one District reported no change" Fed Beige Book: Employment rose on balance, with five districts showing modest, moderate, or solid gains in employment, and with seven districts experiencing little to no change. Just in | The latest Fed Beige Book reveals moderate price increases across nine districts, robust growth in two, and slight growth in one, with overall price growth remaining steady or slowing compared to the previous reporting period.

The trading week continues to advance and, for now, the Canadian dollar has started to lose the strength it had shown in previous sessions. USD/CAD movements are barely registering a short-term variation near 0.05%, highlighting a loss of momentum. For now, the selling pressure that USD/CAD had been showing has not managed to stabilize significantly after ...

Iran Parliament Speaker Ghalibaf: Iran To Use Diplomacy Alongside Defense Stance - IRIB - Iran Must Be Ready For War To Protect Interests pic.twitter.com/sM0W4Boc9N Iran's Parliament Speaker Ghalibaf: No reason to honour MOU if it brings no benefit.

Tickmill UK has launched a new multi-asset offering that gives eligible clients access to a broader range of global markets through the trading infrastructure of Interactive Brokers. The new service allows clients to trade stocks, exchange-traded funds, options, futures, bonds and other asset classes while receiving onboarding and customer support from ...

Fed's Cook: It is prudent to wait ‘a bit more time' for inflation to slow, but she is prepared to act if it does not occur 'soon'. Fed's Cook: Since last summer there has been a notable shift in risk towards higher inflation and away from the job market, which appears stable. Economic Outlook Thank you, Paul, for that kind introduction. I am honored to speak with you and all who have joined us here today.1 Persistently elevated inflation imposes an unacceptable burden on American families, and it is the Federal Reserve's responsibility to restore price stability. As a monetary policymaker, this challenge is top of mind for me. I am watching both sides of our dual mandate—price stability and maximum employment. However, as I have stated at several points this year, the risks from high inflation concern me more at this time.2 Even though this week's consumer price index and producer price index reports were softer than expected, they still imply that the price index we target rose 3.7 percent in the 12 months through June. That is 1.7 percentage points above our 2 percent target. We have not reached our 2 percent target in more than five years. To contextualize my views on the dual mandate, I would like to give you a broader sense of my economic outlook and discuss recent developments in monetary policy.