Forex News

Federal Reserve Chairman Kevin Warsh made his first appearance on the international stage this week at the European Central Bank’s annual symposium in Sintra, Portugal. Joining the heads of the European Central Bank, the Bank of England and the Bank of Canada on a panel moderated by CNBC’s Sara Eisen, Warsh had an opportunity to explain how the world’s most ...

Trump to Axios: We and the Iranians have decided to take a week-long break from the talks until the funeral ceremonies conclude Trump to Axios: Neither side will fire on the other during the period of Khamenei's funeral procession Trump to Axios: The Iranians are begging to strike a deal

The combination of soft disappointing US data, which culminated in a jobs report on July 2 that showed half the jobs growth that was expected and the continued decline in oil prices, recognized by Fed Chair Warsh in Sintra that inflation expectations have eased recently, took the steam from US short-term rates and the greenback. The two-year US yield ...

Thursday's abrupt decline in USD/JPY reignited speculation that the Bank of Japan may have stepped into the market on behalf of Japan's Ministry of Finance. Whether that was the case remains unclear, but it's plausible the move reflected a combination of other factors, including a well-timed Reuters report suggesting Japanese authorities may be looking to ...

The euro area outlook suddenly looks a bit less stagflationary. Against a backdrop of sharp retracement in crude oil prices, the recent data flow points to a degree of economic resilience and limited signs of broadening inflation pressures. On inflation, the headline rate eased from 3.2% to 2.8% Y/Y in the flash estimate for June, comfortably below the ...

The Bank of Japan started quantitative tightening late in the game, and only reluctantly, after the yen had plunged against other currencies and couldn’t find a bottom. But since the BOJ started QT in late 2024, it has proceeded at a solid pace that accelerated as it went. The plunge of the yen – 53% against the US dollar since the beginning of 2012 – ...

video Steven Blitz is a veteran Federal Reserve watcher and chief U.S. economist at Global Data TS Lombard, where he specializes in macroeconomic analysis and alternative investments. Now, as Steve joins me to dissect the June jobs report, where the payroll rise was a much weaker than expected, 57,000 workers, he still forecasts an eventual Fed rate hike ...

As the U.S. celebrates its 250th birthday, here are eight economic reasons to light up the sky. Sturdy economy: Growing 2.7% in the past year to Q1, U.S. real GDP is not only the strongest since 2024, it is also vastly outperforming its long-run potential and every other G7 nation. Accelerating productivity: Underpinning both near- and long-term economic ...

The European Securities and Markets Authority (ESMA) issued a public statement on 3 July reminding firms that products marketed as "event contracts" may still be subject to the bloc's long-standing prohibition on binary options for retail clients, regardless of their commercial branding. The statement, addressed to both firms and national competent ...

Options traders are paying up to hedge against sharp moves in the yen ahead of thin US holiday trading, as speculation grows that Japanese authorities may be less predictable in how they intervene to support the currency. One-week dollar-yen risk reversals have become more negative recently, signaling greater demand for yen call options relative to dollar ...

June's gain of 57,000 jobs failed to meet economists' expectations, with payroll growth cooling after months of growth. Still, the labor market appeared to be on steady footing, with the unemployment rate sliding to 4.2%. But look under the hood of Thursday's jobs report, and there's some evidence that this remains a tough — or at least weird — labor market ...

In recent months, the French economy has displayed a degree of duality. While weak household sentiment has weighed on the services sector and domestic demand, industry has performed much better, supported by strong external demand and a highly favourable sectoral mix. However, the data released today suggests that the main engine of the French economy is ...

NAGEL SAYS GERMANY TOOK VERY IMPORTANT STEP FOWARD ON REFORMS NAGEL: RECENT RETREAT OF ENERGY PRICES A SURPRISE, SITUATION STILL VOLATILE NAGEL SAYS ECB SHOULD BE VIGILANT, KEEP OPTIONALITY

BoE Gov. Bailey: BoE seeks inflation target without damaging output.

ECB’s Makhlouf: The ECB has the absolute will to deliver 2% inflation.

The South African rand firmed in early trade ​on Friday, ⁠buoyed by a weaker dollar, while locally focussed traders awaited the private sector purchasing managers' ​index (PMI). At 0706 GMT, the rand traded ​at 16.2025 against ​the dollar , up about 0.5% from its previous close. The U.S. ⁠dollar was down 0.3% against a basket of currencies after a tepid ...

When markets buckle, investors usually know where to hide: U.S. Treasurys, the Japanese yen and gold. But in 2026, that playbook has not worked as expected. Treasury yields have climbed since the Iran war began, the yen has weakened to multi-decade lows against the dollar, and gold has fallen sharply from its January peak. The reason, strategists say, is ...

The United States has warned Poland that Russia may stage a limited armed provocation on Polish territory in an effort to test NATO's response and weaken Western support for Ukraine, The Telegraph reported Friday. Washington has issued several warnings to Warsaw about possible Russian plans, according to sources close to Polish President Karol Nawrocki who ...

GBP Higher Despite Political Uncertainty GBPUSD continues to push higher ahead of the weekend with recent GBP gains bolstered by a weaker US Dollar. We’ve heard chatter of fund managers unwinding GBP short positions recently, reflecting the shift in sentiment around political change in the UK. With Andy Burnham widely expected to take over as Labour leader ...

The European Central Bank’s Christine Lagarde has declined to rule out an early end to her term as president, as she mulls a foray into French politics. Lagarde, whose term as ECB President ends in October 2027, told French newspaper Les Echos an early departure is “possible” ahead of the country’s presidential elections that year. “I think a European voice ...

Pepperstone has appointed Reed Sayer as Head of UK, bringing in a senior executive from rival broker XTB as competition for UK retail trading clients continues to intensify. Sayer joins Pepperstone after more than a decade at XTB, where he most recently served as Head of UK Sales. He will be responsible for driving Pepperstone’s UK growth strategy, ...

The US dropped against the Franc on Thursday, as the jobs report was significantly missed, and this has us watching the big figure of 0.80 below. The US dollar fell against the Swiss franc during trading on Thursday as the non-farm payroll announcement came out much weaker than anticipated. The Bureau of Labor Statistics reported that the United States ...

*BANK OF FRANCE CHIEF MOULIN SPEAKS WITH BLOOMBERG TELEVISION *MOULIN: INFLATION READING WILL MAKE OUR JOB EASIER *MOULIN: WE HAD GOOD NEWS ABOUT OIL *ECB'S MOULIN: WE'RE IN A GOOD POSITION *ECB'S MOULIN: BALANCE OF RISK IS IN THE RIGHT PLACE *ECB'S MOULIN: JUNE HIKE WAS THE… ECB's Moulin: Don't expect a sharp increase in growth in Q2

China’s yuan edged up on Friday, on track for its first weekly gain in three weeks, reflecting broad greenback weakness after a soft US jobs report pushed back expectations for Federal Reserve rate hikes. At one point, onshore yuan strengthened 0.06% to 6.7790 per dollar — its strongest level since June 23 — before changing hands at 6.7815 as of 0325 GMT. ...

Business activity across the service economy decreased for the second month running in June. Although only modest, the rate of contraction was the steepest for nearly threeand-a-half years. At 48.8 in June, down from 49.3 in May, the headline seasonally adjusted S&P Global UK Services PMI Business Activity Index remained below the 50.0 no-change mark and ...

European Council's Costa: The EU will approve the savings and investment union this year EU's Costa: The next EU budget will double investment in research EU's Costa: Need to approve EU budget by the end of this year

In May 2026, seasonally adjusted retail sales increased by 0.2% in value and by 0.1% in volume compared with April 2026. In the three months to May 2026, retail sales rose by 1.2% in value and by 0.5% in volume compared with the previous three-month period. On a year-on-year basis, retail sales in May 2026 increased by 2.2% in value and rose by 0.4% in ...

After two months of moderate decline in business activity across the euro area in April and May, the latest S&P Global PMI® survey data signalled a stabilisation of the economy at the end of the second quarter. Private sector payroll numbers were also broadly steady, after job cutting had intensified during the previous month. Other positive outcomes ...

Germany's services firms recorded a third straight monthly decrease in business activity in June, with weak demand continuing to weigh on the sector, the latest PMI® survey results showed. The pace of contraction in activity did however slow slightly, with the same also applying to the rate of job losses. Notably, there was a sharp slowdown in the rate of ...

French services activity continued to fall at the end of the second quarter, latest PMI® survey data showed, although the rate of contraction slowed from May's five-and-a-halfyear record. This was also true for new orders, which saw its pace of decline ease noticeably from that seen mid-quarter. Other key findings included a slight pick-up in business ...