Forex News

The Conference Board Leading Economic Index® (LEI) for the United Kingdom fell by 0.5% in May 2026 to 74.6 (2016=100), after decreasing by 0.3% in April. As a result, the UK LEI contracted by 1.6% over the six-month period from November 2025 to May 2026, slightly greater than the rate of decline of 1.2% observed over the previous six-month period between ...

The highly-anticipated US CPI report came in well below expectations at -0.4% m/m (3.5% y/y), with Core CPI at 0.0% m/m (2.6% y/y). Is that print alone enough to buy the Fed time to push back any rate hikes until the fall? 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 ...

Federal Reserve Chairman Kevin Warsh pledged Tuesday to “get monetary policy right” and defeat the inflation that has bedeviled the central bank for the past five years. In remarks for delivery to separate congressional panels this week, Warsh reiterated his recent tough talk on inflation, while also touting the strength of the U.S. economy and benefits ...

Chairman Hill, Ranking Member Waters, and other members of the Committee—good morning. It's a privilege to join you. At my first appearance before this panel, I am particularly honored to represent my superb colleagues throughout the Federal Reserve System. In submitting the Board's Monetary Policy Report, I think of a long line of central bank chiefs who came before Congress in keeping with the Federal Reserve Act. I think also of earlier efforts, going back to the time of the Framers, to create a central bank that would endure and serve the nation's founding principles. One of the large figures in the Federal Reserve's history is Alan Greenspan, who passed away last month after a century of life. By my count, my friend appeared before Congress more than two hundred times, displaying his agile mind and his distinctive way with words. We at the Fed recall the Chairman's strong and steady hand in a period of rapid economic change. And we honor his memory. As a country, we just marked our 250th year. And when Americans count our blessings, we can include an economy predicated on the brilliance of our constitutional design and system of ordered liberty—an economy without equal in all it's done for human flourishing. Some forms of Fed communications are discretionary, but not this one—and for good reason. It is a prudent and wisely conceived obligation, designed to keep the Fed accountable, responsible, and faithful to its congressional mandate of full employment and price stability. These obligations are of a piece with the Fed's rightful independence in the conduct of monetary policy. Today we are at a hinge point in history. It's up to all of us to meet this moment. The task of this generation of policymakers—and of individuals throughout the private sector—is to ensure the American economy excels far into the future. * * * * The Fed's number one objective is to Fed's Warsh: Productivity growth has been strong, predating gains from AI adoption. Fed's Chair Warsh: Labor market appears broadly stable. Just in | Fed's Warsh: Correct policy measures will eliminate the past five years of inflation, according to his remarks to Congress. Fed's Chair Warsh: The purpose of task forces is to equip the Fed to make better monetary policy decisions, put years of high inflation behind us.

The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.4 percent on a seasonally adjusted basis in June after rising 0.5 percent in May, the U.S. Bureau of Labor Statistics reported today. This decline in the all items index was the largest 1-month decrease since April 2020 when it fell 0.8 percent. Over the last 12 months, the all items index increased 3.5 percent before seasonal adjustment. The index for energy fell 5.7 percent in June after rising 3.9 percent in May, 3.8 percent in April, and 10.9 percent in March. The energy index was the largest contributor to the monthly all items decrease, more than offsetting increases in other indexes including those for shelter and food. The index for food increased 0.2 percent over the month, as did the index for food at home and the index for food away from home. The index for all items less food and energy was unchanged in June. Indexes that decreased over the month include motor vehicle insurance, communication, apparel, medical care, and used cars and trucks. Conversely, the indexes for recreation, household furnishings and operations, and personal care were among the major indexes that increased in June. The all items index rose 3.5 percent for the 12 months ending June after rising 4.2 percent for the 12 months ending May. The all items less food and energy index Consumer prices rose 3.5% annually in June, less than expected as energy prices eased Consumer prices posted their biggest decline in more than six years during June as a sharp swoon in energy prices provided at least temporary relief from this year’s inflation surge, the Bureau of Labor Statistics reported Tuesday. The consumer price index, a broad measure of costs for goods and services across the U.S. economy, was lower than expected across the board. CPI fell a seasonally adjusted 0.4% for the month, bringing the annual inflation rate down to 3.5%. Economists surveyed by Dow Jones had been looking for a drop of 0.2% and an inflation rate of 3.8%, following the 4.2% reading in May. The monthly drop in headline inflation was the biggest since April 2020. Core CPI *declined* in June, falling -0.02% and reducing the 12-month rate to 2.6%. Headline CPI also fell, and by a larger-than-expected -0.42%, lowering the 12-month rate to 3.5%. pic.twitter.com/m2o2xGLFvd

For the four weeks ending June 27, 2026, U.S. private employers added an average of 19,750 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report (NER). Hiring slowed for the third straight week. These numbers are preliminary and could change as new data is added. The NER Pulse is an estimate of the ...

The US dollar is consolidating yesterday’s gains today. An off-ramp to the Middle East conflict seems increasingly elusive. After surging more than 9% yesterday, the front month WTI and Brent oil futures contracts are up 3.6%-4.6% today. There are three developments in the US that will be closely monitored today. First, the June CPI is due. It looks to have ...

Inflation likely cooled last month as gas prices declined, providing consumers with some welcome relief even as renewed combat with Iran has sent oil prices climbing again. The government’s latest inflation report, to be released Tuesday, is forecast to show that consumer prices dropped 0.2% in June, according to a survey of economists by data provider ...

The NFIB Small Business Optimism Index rose 2.1 points in June to 97.4, nearing its 52-year average of 98.0. Expectations for better business conditions and real sales expectations improved substantially and primarily drove the rise in the Index. The Uncertainty Index fell 2 points from May to 89, remaining well above its historical average of 68. As ...

We have reached what is obviously an interesting moment in general for the Forex market and particularly for this currency pair, as GBP/USD ascends to near the top of its two-month range before making a clear break with the short-term trend and starting to move lower in an orderly way. This is coinciding with two other potentially pivotal events which will ...

*TRUMP 'VERY SERIOUS' ABOUT 20% FEE PLAN FOR HORMUZ: SEMAFOR Trump Hormuz toll plan details still being ironed out - Semafor.

Just in | State Media Reports Five Explosions Near Bandar Abbas, Iran

Inflation On Watch All eyes are on the US Dollar today as traders await the June CPI print this afternoon. On the numbers front, the market is looking for headlines annualised CPI to cool to 3.8% from 4.2% prior with core CPI also expected to soften to 2.8% from 2.9% prior. There has been plenty of focus on the inflation outlook and Fed tightening ...

BoE's Bailey: Financial Stability Risks Have Increased Resumption Of Hostilities In Gulf Underlines Instability Going Forward Soft Evidence On Pass-Through To UK Prices Refined Prices Have Not Come Down As Much BoE's Bailey: The Big Issue For UK Is Growth In The Economy Core Banking System In UK Is Resilient Debt Levels Are Not Stretched In UK

KYIV'S NAVY SPOX: RUSSIA STRUCK CIVILIAN VESSEL NEAR UKRAINE'S BLACK SEA PORT OF ODESA

IRAN'S ARMY SPOKESPERSON SAYS STRAIT OF HORMUZ WON'T OPEN WITH 'U.S. AGGRESSIONS' AND WAR - SNN

The New Zealand dollar rallied on Tuesday as investors ramped up wagers for rate hikes there and helped buck a global reversal in risk assets, which weighed on its Australian counterpart. A further surge in oil prices combined with a hawkish outlook by a top policy maker from the Reserve Bank of New Zealand to send short-term swap rates to two-month peaks. ...

China’s yuan held steady against the dollar on Tuesday, as fresh signs of escalating Middle East tensions were offset by robust trade data that helped stabilise market sentiment. The US military carried out a third consecutive night of strikes against Iran on Monday as President Donald Trump reinstated a blockade of Iranian shipping and proposed charging a ...

China tell some banks not to rediscount bills at rates below 0.5% - Sources.

The Producer and Import Price Index fell in June 2026 by 0.3% compared with the previous month, reaching 99.8 points (December 2025 = 100). In particular, petroleum products as well as petroleum and natural gas saw falling prices. Compared with June 2025, the price level of the whole range of domestic and imported products fell by 2.1%. These are the ...

The selling prices in wholesale trade were 4.9% higher in June 2026 than in June 2025. Compared with the same month a year earlier, the rate of change was +5.9% in May 2026, and +6.3% in April 2026. The price increase registered in June 2026 was largely attributable to the conflict in Iran and the Middle East, which resulted in higher wholesale prices of ...

Reserve Bank of New Zealand chief economist Conway signalled on Monday that the central bank sees rising upside risk to its inflation outlook from the Middle East conflict, even as oil prices have retreated from their recent peak. Conway said the conflict has complicated monetary policy in the way all supply shocks do, and that understanding how firms ...

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China’s export growth topped forecasts in June as strong demand for semiconductors and a rush by manufacturers to ship goods to the U.S. ahead of potential new tariffs countered broader concerns about the Iran war and weakening global demand. The stronger-than-expected trade performance suggests Chinese ​manufacturers continued to sustain sales despite ...

Japanese policymakers on Tuesday flagged the possibility of changes to the asset allocation of the nation's giant state pension funds, though they offered no clues on the timing or scale of any shift. Finance Minister Satsuki Katayama said Japan may consider adjusting the funds' asset allocation if the investment environment changes sharply. "The change in ...

Crude jumped after fighting resumed near the Strait of Hormuz and US President Donald Trump moved to reimpose a blockade on Iranian oil and levy a toll for passage through the vital waterway. Prices punched back above near-term resistance and now look set to retest levels north of $80 a barrel. What makes this episode different from the past several weeks ...

*US COMPLETES NEW STRIKES ON IRAN MILITARY TARGETS Just in | US Central Command Reports Over 50,000 Troops Deployed in the Middle East

Business confidence continued to recover in June as concerns about the economic impact of Middle East tensions eased and cost pressures proved less severe than initially feared, according to the latest NAB Monthly Business Survey. Business confidence rose 9 points to -5 index points, while business conditions remained unchanged at +3 index points for a ...

Yelena Shuletyeva has been a devoted watcher of the Federal Reserve and its policy changes over the past 20 years, previously as an economist at BNP Paribas and Bloomberg LP. is now now putting all of her experience and analytical capabilities to work as a Senior US Economist for The Conference Board Economy, Strategy & Finance Center. As she takes over as ...