Forex News

China’s economic trajectory is shifting, but not in the way many had once expected. Consumption-led rebalancing has not materialised. Instead, economic policy continues to emphasise industrial modernisation, aligned with a long-term strategy focused on supply-chain resilience and national security. Policymakers appear willing to tolerate only a moderate ...

Ex-JPMorgan banker Chirayu Rana wants to withdraw his explosive “sex slave” lawsuit against the bank and a female supervisor — but the bank is fighting to stop him from unceremoniously dropping his claims. Rana and his legal team must answer for the claims in the lawsuit, which JPMorgan lawyers called “materially false,” according to documents filed last ...

The Services Producer Price Index (All items) rose 3.3 percent from the previous year. The Services Producer Price Index (All items <excluding International transportation>) rose 3.0 percent from the previous year. tables

Japan's economy has recovered moderately, although some weakness has been seen in part, partly due to the impact of the situation in the Middle East. As for the outlook, while higher crude oil prices are likely to exert downward pressure on economic activity, Japan's economy is expected to continue growing moderately, albeit at a decelerated rate, supported by factors such as high levels of corporate profits, as well as the effects of various government measures and progress in securing alternative sources of raw materials. Downside risks to economic activity have decreased, given developments such as robust corporate profits supported mainly by strong AI-related demand, solid wage increases, and progress in various government measures and in securing alternative sources of raw materials. Japan's economy has been developing in line with the baseline scenario presented in the April 2026 Outlook for Economic Activity and Prices, in which the economy is expected to mai Just in | BOJ emphasizes need to remain open to further rate hikes post-June, contingent on economic and price performance aligning with forecasts. Just in | A BOJ member suggests Japan's neutral interest rate is approximately 2% and advocates for gradual rate increases every few months.

The Australian dollar was the weakest major currency as risk aversion swept through markets and the US dollar climbed to a fresh 14-month high. With Australian CPI, employment and household spending data due, traders are reassessing the RBA outlook while AUD/USD hovers just above a key support zone near 69 cents. The Australian dollar was the weakest FX ...

Chainlink, a blockchain oracle and interoperability platform, has partnered with prominent global banking platforms. In partnership with the worldwide banking consortia, Chainlink targets advancing foreign exchange architecture by launching Project Pangea. As per Chainlink’s official announcement, Pangea brings together 50+ financial entities denoting more ...

Business confidence in France edged up only marginally in June, rising by a single point to 94, still well below its long-term average. Most firms responded to the survey before the announcement of a Middle East peace agreement, but in an environment where energy prices on global markets had already started to ease. Overall, the underlying details paint a ...

For the first time since 2023, most Americans think it's a better idea to buy a home than rent or move in with relatives. Fifty-three percent of respondents surveyed by Bank of America said it was better to buy a home now, up from 48% last year and 47% in 2024. Other measures of attitudes toward homeownership, such as the percentage of respondents who say a ...

Regulatory policy changes often fly under the radar of most Canadians. Yet, changes in the regulatory landscape can have meaningful impacts on the economy when they impact the availability of credit. Last week, the Office of the Superintendent of Financial Institutions (OSFI) lowered the Domestic Stability Buffer (DSB) from 3.5% to 3.0% in a move designed ...

API: Crude: -0.765M Cushing: -0.982M Gasoline: +1.238M Distillates: +1.447M

The search for a new president of the Federal Reserve Bank of Atlanta — now entering its seventh month — is being watched carefully for how new Fed Chairman Kevin Warsh intends to reshape the interest rate-setting Federal Open Market Committee. That process has shifted as Warsh has begun to put his stamp on the central bank. The Fed was considering ...

Jayati Bharadwaj, head of FX strategy at TD Securities, discusses the potential for yen intervention as the currency trades near its weakest level in four decades against the dollar. She speaks on “Bloomberg Surveillance.”

*TRUMP: WE'RE GETTING ALONG WITH IRAN QUITE WELL Trump: Iran has agreed to never have a nuclear weapon

Macungie, PA

Bank of Canada governor Tiff Macklem says he’s not seeing evidence of generalized inflation even as price pressures surged in May. Statistics Canada said Monday that inflation jumped to 3.2 per cent last month, reaching its highest level since late 2023 and rising past the central bank’s target band of one to three per cent. The energy price spike from the ...

This morning we found out that Euro-area business activity shrank less than anticipated in June (Services up/beat, Manufacturing down/miss). S&P Global’s Composite PMI rose to 49.5 from 48.5, topping estimates but remaining below the 50 mark that indicates growth. "The eurozone economy is showing enough resilience to just about stay out of recession." ...

The US Dollar has strengthened sharply this month, gaining ground against most major currencies as stronger economic data and higher Treasury yields reinforced expectations of a more hawkish Federal Reserve. JPMorgan has maintained its bullish Dollar outlook and continues to favour long USD positions, particularly against the Canadian Dollar. The bank notes ...

Trump: Making a deal with Iran, we'll see how it goes Trump: Iran is wrong about IAEA inspectors, there's no rush to get inspectors on the ground in Iran

IRAN PRESIDENT: WILL 'NEVER COMPROMISE' ON MISSILE CAPABILITIES

A decade after the public referendum vote that led to the United Kingdom's "Brexit" from the European Union, a majority of Britons now say leaving the bloc was a mistake, according to a recent survey by the independent YouGov polling organization. "Brexit has been an absolute disaster for the country," one pro-EU campaigner told France 24 on Monday, the eve ...

Kevin Warsh feels strongly that the Fed should stop micromanaging markets. In fact, he feels so strongly about this that last week’s FOMC statement dropped its forward guidance, he didn’t contribute to the infamous “dot” plot, and refused to answer any and all questions in the press conference on the path ahead for monetary policy. You can debate whether ...

BoC's Gov. Macklem: I do worry that too much forward guidance becomes false precision, can become confusing BANK OF CANADA’S MACKLEM TO REPORTERS: IRAN-US PEACE DEAL TAKING AWAY SOME UPSIDE RISKS TO INFLATION BUT STILL LOOKING AT HIGHER PRICES IN PIPELINE #Canadaecon #IranWar #inflation BoC's Gov. Macklem: Overall, banks are not seeing so far much spreading of higher oil prices to other prices of other goods and services BoC's Gov. Macklem: Food inflation is a concern

It's poised to be a volatile day as Eurozone and UK PMIs both show economic contractions while technology stocks get dumped across the globe. 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 today’s chart of the day, EUR/USD.

Gold and silver tumbled on Tuesday, as a global sell-off in tech stocks stoked by fears of higher interest rates spilled over into metals. Gold futures fell 1.5% on Tuesday to $4,142 an ounce, while silver futures tumbled over 5% to $61.80 an ounce, before paring some losses to settle around $62.25. Since the outbreak of the U.S.-Iran war on Feb. 28, gold’s ...

Fifth District manufacturing activity was flat in June, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index decreased to 4 in June from 13 in May. All three of its component indexes fell in June, although both shipments and new orders remained in positive territory. Shipments fell to 3 from 16, ...

US business activity growth improved for a third successive month in June, according to flash PMI survey data from S&P Global. However, the rate of growth remained weaker than at the start of the year. Companies also cut back on their staffing levels amid concerns over the outlook and in response to rising overheads, notably in terms of raw material prices. ...

On Tuesday, June 23, 2026, Tiff Macklem, Governor of the Bank of Canada, will speak before the France-Canada Chamber of commerce and Paris Europlace.

Good afternoon and thank you for the invitation. It’s a pleasure to be here with Paris Europlace and the Chambre de commerce France-Canada. Six weeks ago, I was here in Paris with G7 finance ministers and central bankers. Much of our meeting focused on the conflict in the Middle East and its implications for near-term growth and inflation. The US-Iran agreement signed last week is a very welcome development and global energy prices have begun to come down, though much remains to be worked out. We also discussed medium-term growth. We expressed concern that global imbalances are widening again, with some countries running large deficits and others running large surpluses that persist over time. And we discussed how to promote more balanced growth over the medium term. This is what I want to talk about today. Renewed G7 focus on global imbalances began last year under Canada’s presidency and has continued under France’s leadership this year. So it seems appropriate that a Canadian central banker talk about global imbalances while here in France. But I will acknowledge that this is not an easy topic. Global imbalances are not front of mind for households or businesses. And they are not even obviously problematic. Indeed, trade deficits and surpluses are an integral part of our mutually beneficial global system of open trade and investment. But when imbalances are too big and too one-sided for too long, they become excessive. When needed adjustment is not happening, imbalances can spill over —and then we all feel it. Through trade and investment flows, exchange rates and asset prices, imbalances can affect employment, inflation and financial security. And they can affect more than our economies—they can affect relations between countries. Canada is BANK OF CANADA'S MACKLEM SPEECH: WARNS RISING ROLE OF HEDGE FUNDS IN GOVT DEBT MARKET MAY BE MAKING THIS MARKET MORE FRAGILE, PRONE TO CONTAGION #finance #hedgefunds #economy BoC: Financial system dominated by new and less regulated players Macklem: while imbalances shift gradually, appeal of U.S. dollar may have prolonged persistence of imbalances Macklem: To build a more balanced and resilient global system, more destinations for savings beyond the U.S. are needed

Good afternoon to everyone, and my congratulations to CEPR and Barclays for yet another successful iteration of the Monetary Policy Forum here in London. It is certainly a great honour to be asked to speak to you today and my thanks to Beatrice Weder di Mauro, and to Silvia Ardagna and Jack Meaning, and their teams, for this kind invitation and all the careful planning and arrangements. Now, many of us here work in or near Threadneedle Street. Like me, you might take the steps down to the tube outside the Bank and, if your luck is down, be confronted with the announcement that “the Central line is partially suspended”. But I never really thought we would be making the same kind of announcement inside the Bank. BoE's Taylor: Extended hold correct policy until more certainty Just in | BoE's Taylor Highlights Weak UK Economy Amidst Already Restrictive Policies BoE's Taylor: May need rates below neutral if slack causes undershoot

World Cup tickets are expensive. Flights to North America are expensive. Hotel rooms in many places are expensive. Then there’s the price of beer. There are some fun — and yes, sometimes pricey — food and drink offerings at the venues playing host to the World Cup. A $75 caviar-topped tray of tater tots and a $40 empanada weighing in at 5 pounds (2.2 ...