Forex News

Gold prices fell on Thursday as the escalating Middle East conflict showed no signs of abating, erasing recent optimism over easing inflation and fuelling concerns that surging oil prices could lead to interest rate hikes. Spot gold was down 0.6% at $4,034.42 per ounce by 0349 GMT. US gold futures for August delivery lost 0.3% to $4,039.90. “Gold is ...

In the three months to May 2026, compared with the three months to February 2026: Real gross domestic product (GDP) grew by 0.7%, following a growth of 0.8% in the three months to April 2026 (revised up from a growth of 0.7% in our previous publication) and an unrevised growth of 0.6% in the three months to March 2026. Services output grew by 0.7%, after ...

Production output was estimated to have increased by 0.1% during the three months to May 2026, compared with the three months to February 2026; this is the sixth consecutive rise in three-monthly growth since November 2025 (down 0.5%). Of the four main sectors, the only positive contribution came from "manufacturing" (up 1.6%), in the three months to May ...

Services output in the three months to May 2026 was estimated to have increased by 0.7% compared with the three months to February 2026; this follows 0.9% growth in the three months to April 2026. 12 of the 14 sectors saw a rise in the three months to May 2026, with the main positive contributing sectors being "information and communication" (up 2.5%), and ...

The value of goods imports increased by £0.5 billion (0.8%) in May 2026; a rise in imports from non-EU countries was partially offset by a fall in imports from the EU. The value of goods exports rose by £1.5 billion (4.5%) in May 2026, with increases in exports to both EU and non-EU countries. The total goods and services trade deficit widened by £4.4 ...

Total construction output is estimated to have grown by 1.6% in the three months to May 2026; this is the third consecutive increase in the three-monthly series. Over the three-month period, both new work and repair and maintenance grew by 1.1% and 2.1%, respectively. At the sector level, seven out of the nine sectors grew in the three months to May 2026; ...

Israel, US Confirm Ongoing Coordination Amid Developments in Iran

Iran: Strait to stay shut until the US accepts Iranian law - ISNA

The Bank of Japan may face political pressure to ramp up bond buying if the benchmark 10-year yield breaks above the key 3 per cent threshold and puts Premier Sanae Takaichi's fiscal policy on the line, former central bank policymaker Seiji Adachi told Reuters. The stakes are high for the Takaichi administration, as her government's case for increased ...

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.