Forex News

China's renminbi, also known as the yuan, has strengthened sharply in recent months as Beijing seeks to elevate the currency's global standing, but its rapid gains may create new risks for the Chinese economy. The yuan recently reached its strongest level in three years and three months, prompting some Chinese media to describe the move as an advance by the ...

Iran Says 'Text Not Final' After Trump Claims Khamenei Approved Peace Deal pic.twitter.com/FFC9xNEIrm

*ECB'S DOLENC: SERVICES INFLATION IS STUBBORN, HARD TO FIGHT - BBG *ECB'S DOLENC: HAD ROBUST SET OF DATA ON TABLE TO TAKE DECISION *ECB'S DOLENC: WAR IMPACT TO LAST LONGER EVEN IF STRAIT OPENS *DOLENC: PRETTY OBVIOUS INFLATION WILL BE HIGHER, GROWTH LOWER *DOLENC: MARKETS ARE…

#ECB GOVERNING COUNCIL MEMBER NAGEL COMMENTS BY EMAIL - BBG *ECB'S NAGEL: INFLATION OUTLOOK HAS WORSENED *ECB'S NAGEL: SHOCK PROVING TO BE `STRONG AND PERSISTENT' *ECB READY TO HIKE RATES AGAIN IN JULY IF NECESSARY, NAGEL SAYS *ECB'S NAGEL: THIS WEEK'S HIKE NEEDED EVEN IF WAR…

*china tells big banks to curb interbank loans to ease cash glut

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The euro is showing mixed performance across major crosses. EUR/USD is attempting to recover from key support at 1.15 as US dollar weakness persists, EUR/JPY is struggling to regain momentum beneath 186, and EUR/AUD remains constructive despite signs of a near-term pullback. Yet with the exception of the Australian dollar, I suspect the euro will struggle ...

(IR) Iran-US MOU would extend ceasefire for 60 days - Axios (More at ) What's in the Iran deal Trump says he's ready to sign. A diplomat involved in the mediation walked me through the latest draft & said "the U.S. & Iran have agreed on the text of a deal" but noted it still needs final sign-off. My story on @axios

We affirm our existing expectation that the RBA Monetary Policy Board (MPB) will hold the cash rate steady at its June meeting next week. Although inflation remains above target, the previous three rate increases have given the MPB time to assess cross-cutting trends of weak consumers and housing markets versus high inflation pressures and a secular boom in ...

The 25bp rate hike was pretty much a done deal prior to the meeting. So, the main question we, markets, and reporters had for Lagarde today was: “What’s next?” The ECB president did not answer that question explicitly, but that was to be expected. On balance, the statement was neutral. The ECB’s new “robustness check” supports our call for a follow-up hike ...

According to U.S. officials, Iran is believed to be targeting ships passing through the Strait of Hormuz, although vessel traffic remains uninterrupted. American official: The US military shot down two Iranian drones

Traders are confident Elon Musk will reach trillionaire status before 2027 after buzz that SpaceX is set to have a record-shattering initial public offering. Chances of Musk becoming the world’s first trillionaire were timid when the markets first opened on Kalshi. But those chances started trickling upwards last fall, when Musk surpassed the $500 billion ...

The Bank of Japan is set to raise interest rates to a 31-year high next week and signal its readiness to keep pushing up borrowing costs, undeterred by the absence of its governor as it focuses on countering inflation risks from the Middle East war. The decision would align the BOJ with other central banks shifting towards tighter policy including the ...

The head of Europe's securities watchdog and Cyprus's top markets regulator have both backed the European Union's push to centralize more financial supervision, saying fragmented national oversight is creating gaps as markets turn increasingly cross-border. ESMA President Verena Ross and CySEC Chairman George Theocharides made the comments in separate ...

A family from the United States has filed a lawsuit seeking $2.35 million in damages against Delta Air Lines after a flight attendant accused a father of human trafficking his own daughter during a domestic flight. The case raises questions about how airlines train cabin crew to spot suspected trafficking and how those reports are handled once a plane ...

With the US dollar on the back foot, it raises the question of whether this could provide an opportunity for Japan's Ministry of Finance (MOF) to intervene in support of the yen. We know that USD/JPY has struggled to remain above 160 for long in recent years due to intervention, although the fundamental backdrop has not been particularly supportive of that ...

Overseas visitor arrivals were 288,500 in April 2026, an increase of 21,300 from April 2025. The biggest changes were in arrivals from: • China (up 11,100) • Australia (up 5,500) • United States (up 3,100) • Japan (up 1,500) • Taiwan (up 1,300) • India (up 1,200) • Malaysia (up 1,000) • United Kingdom (down 3,300). The increase in visitor arrivals from ...

TRUMP DECLARES U.S. HAS SETTLED WITH IRAN, SAYING DEAL IS PRETTY MUCH COMPLETE AND THE US GOT EVERYTHING IT WANTED.

New Zealand’s manufacturing sector refuses to turn turtle. Somehow, battered by a combination of a broken construction sector, wilting consumer confidence, surging energy costs and the rising cost of fuel-impacted inputs, the manufacturing sector is continuing to fight on. Sure, the headline PMI was a smidgen below the magical 50 mark at 49.9 but it remains ...

US President Donald Trump on Thursday (Jun 11) said the United States and Iran could sign a peace deal as soon as this weekend that would reopen shipping traffic through the Strait of Hormuz. The agreement, if finalised, would be the most significant diplomatic breakthrough yet to end the three-month-old war, which has killed thousands of people and sent ...

At its June rate‑setting meeting, the Central Bank of Turkey (CBT) maintained its policy rate (1-week repo rate) at 37%, and kept the interest rate corridor stable at 450 basis points, with the upper and lower bands remaining at 40% and 35.5%, respectively. Ahead of the meeting, there were two likely moves from the CBT: holding the policy rate flat and ...

Unidentified aerial phenomena (UAP) whistleblower and former Air Force intelligence officer David Grusch accused intelligence agencies Tuesday of hiding billions of dollars in secret government spending from Congress, as lawmakers renewed demands for records they say federal officials continue to withhold. His investigation uncovered what he described as ...

*TRUMP: I UNDERSTAND THAT SUPREME LEADER HAS APPROVED DEAL *TRUMP: LIFTING BLOCKADE IS PART OF IRAN DEAL TRUMP SAYS IRAN WANTS THE DEAL FAR MORE THAN HE DOES, ADDING TEHRAN HAS TAKEN A SERIOUS POUNDING. Trump: Strait will open on signing, maybe Saturday or Monday. Trump: Kharg Island is now off the table if we sign the agreement Trump: strait has been open for months, you just didn’t notice

The week so far has been one where pressure has built up on the Bank of England. On Tuesday I looked at the interest-rate increase by Bank Indonesia which was its second in this phase. Today I am expecting an increase closer to home from the European Central Bank or ECB and it may well hint at a further one. So the heat is rising as Bank of England Governor ...

TRUMP ON IRAN: FINALIZATION POSSIBLE IN NEXT FEW DAYS - RTRS *TRUMP: SIGNING OF IRAN DEAL PROBABLY IN EUROPE *TRUMP: WE HAVE A DEAL IN WHICH IRAN WON'T HAVE NUCLEAR WEAPON *TRUMP: WE HAVE AN IRAN DEAL SIGNING SOON *TRUMP: JUST SPOKE TO LEADERS OF QATAR, UAE, SAUDI ARABIA, QATAR, UAE, SAUDI ARABIA

IRAN'S FARS NEWS AGENCY SAYS GIVEN THAT THE US HAS ACCEPTED THE TEXT PROPOSED BY IRAN, THE LIKELIHOOD OF THIS TEXT BEING APPROVED BY IRAN IS HIGH Iran has not given a final response yet - Fars News

The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war as policymakers around the world including new U.S. Federal Reserve Chair Kevin Warsh wrestle with how to confront the inflation fed by sharply higher oil prices. The ECB’s rate-setting council raised its benchmark rate to 2.25% from ...

*IRAN SAYS TALKS PRODUCED AGREEMENT IN PRINCIPLE, BUT SUPREME LEADER KHAMENEI APPROVAL STILL NEEDED: AXIOS *IRAN, QATAR SAY U.S. OVERNIGHT STRIKES INCREASED IRANIAN SUSPICIONS ABOUT TRUMP'S INTENTIONS: AXIOS Iran has not yet approved any text for the agreement - Fars News citing informed source

IRAN AND ISRAEL BOTH DENY EXISTENCE OF ANY AGREEMENT. - N12 NEWS Israel was surprised by Trump’s tweet. Netanyahu was informed about it during a meeting of the Cabinet - Israeli Channel 12

Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have, as President of the United States of America, cancelled the scheduled strikes and bombings against Iran this evening. Discussions and final points have been, in both concept and great detail, approved by all parties involved, including the United States, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others. The Naval Blockade will remain in full force and effect until this Transaction is finalized — Time and place of the signing to be announced shortly. DONALD J. TRUMP PRESIDENT OF THE UNITED STATES OF AMERICA