Forex News

The price of crude oil is consolidating today after yesterday’s surge and this has taken some pressure off bond markets after several countries, including the US, saw 10-year yields rise to new highs for the year. The pullback in yields is also occurring despite unexpectedly strong preliminary July PMIs. Nevertheless, there are reports that suggest the ...

U.S. President Donald Trump said he will soon make a decision on whether to launch a “massive attack” on Iran after the conflict in the Middle East extended to a new battleground in the Red Sea. Speaking to Axios on Thursday, the president said the proposed strikes would be bigger than anything seen in the war so far, and that Iran has not “received enough ...

You don’t have to be much of a fortune-teller to note that there is continuing uncertainty both in the Finnish summer and in the global economy. On a chilly summer’s day like the one we’ve experienced this week, a Finn can simply stoke a fire in the sauna stove – problem solved. Unfortunately, there is no silver bullet to economic uncertainty. Rather than fanning the flames, we need to keep a cool head. We also noted this at the ECB Governing Council meeting in Frankfurt this week, where the effects of the protracted conflict in the Middle East on inflation and economic growth obviously dominated the discussion. We decided this time to keep interest rates unchanged. Our key policy rate therefore stays at 2.25%. Ecbs Rehn Urges Calm And Rational Thinking. ECB's Rehn: No sign of second-round effects

Ecb's Simkus: Risk To Inflation Is On The Upside Ecb's Simkus: $100 Oil Will Have Repercussions On Inflation Simkus: No Value In Rushing With A Decision Now Simkus: In September Again We'll Have Additional Inflation Data

AUD/USD had been trying to hold onto its recent recovery, but the tone has shifted. What looked like a relatively stable stretch has started to feel more fragile, and the change is not really about one sharp move so much as the way several pressures are beginning to align at the same time. That is what makes the pair more interesting here. The Australian ...

Beijing condemned fresh US tariffs imposed on China and 59 other countries over alleged forced labour concerns on Friday (Jul 24), and warned Washington against waging a trade war. The US levies range from 10 to 12.5 per cent, with China slapped with the highest rate. "We oppose all forms of unilateral tariff measures," Chinese foreign ministry spokesperson ...

The July 2026 DMP survey was conducted between 3-17 July 2026 and received 1,982 responses. Firms reported that their realised annual own-price growth was 3.8% in the three months to July, unchanged from the three months to June. Note that the DMP covers own prices from firms across the whole economy, not just consumer-facing firms. Year-ahead own-price ...

This Agents’ summary of business conditions (ASBC) summarises intelligence from the Bank’s Agents considered by the Monetary Policy Committee at its July meeting. The intelligence was gathered in the six weeks to end-June. Intelligence continues to suggest subdued growth in private sector real activity. Most intelligence was collected before the signing and ...

July data highlighted an increase in UK private sector output for the first time in three months, supported by a marginal upturn in new work. Moreover, the latest survey indicated that business activity expectations for the year ahead were the most upbeat since February. Input price inflation meanwhile eased further from April's recent peak. The latest rise ...

The eurozone private sector returned to growth in July, according to provisional PMI® survey data from S&P Global. Higher output reflected a renewed increase in new orders, with staffing levels also up accordingly. Meanwhile, inflationary pressures eased but remained pronounced. There was also a lessening of supply-chain disruption which helped ...

Gold extended losses on Friday after falling 2% in the previous session, as Brent crude’s move back above $100 a barrel stoked inflation concerns and strengthened the case for higher interest rates ahead of a Federal Reserve policy meeting next week. Spot gold eased 0.5% to $4,027.54 per ounce by 0523 GMT, with prices down more than $130 from a two-week ...

July saw the German economy return to expansion territory for the first time in four months, driven by a marked upturn in manufacturing production, according to the latest ‘flash’ S&P Global PMI® survey. Growth was supported by stronger demand for goods and services, including a renewed increase in new export orders. Firms were slightly more optimistic ...

The S&P Global 'flash' PMI data portrayed a more stable picture of economic conditions in France during July as the headline index moved closer to the neutral 50.0 threshold. In doing so, it also registered its highest reading since the outbreak of the Middle East war at the end of February. This reversal reflected a broad stabilisation in France's vast ...

SNB: The SNB does not engage in manipulation of the Swiss Franc SNB: Points to joint statement on foreign exchange matters issued by the SNB, the Swiss Finance Ministry, and the US Treasury in September 2025

The Federal Reserve will likely keep rates unchanged, at next week’s meeting and through 2026, as recent data has bought the FOMC some breathing room, according to economists at Natixis. Economists Christopher Hodge and Selin Aker wrote in Natixis’ FOMC preview that while data from the intermeeting period was sparse, it leaned dovish. “[T]he one Employment ...

The quantity of goods bought (volume) in retail sales is estimated to have risen by 0.6% in Quarter 2 (Apr to June) 2026 compared with Quarter 1 (Jan to Mar) 2026. Non-store retailers' sales volumes rose, which was reported to be caused by a combination of warm weather and sales promotions over May and June 2026. Non-food stores' sales volumes grew in ...

Consumer Climate in Germany has decreased slightly this month by 0.3 points, remaining at a low level. Based on consumers’ expectations for August, the indicator stands at -29.6 points (previous month revised: -29.3 points). The slight decline is primarily attributable to lower income expectations and a greater willingness to save. In comparison, the ...

EU, commenting on Trump tariffs: It notes positively that this outcome is in line with US tariff commitments agreed under the EU-US joint statement

ECB's Kocher: ECB will act if inflation outlook deteriorates ECB's Kocher: Growth forecast isn't great, but don't see a recession

ECB in Strong Position to Assess Incoming Economic Developments, Nagel Says

Iran Says It Attacked U.S. Facilities at Jordans Al-Azraq and Bahrains Sheikh Isa Air Bases

The ECB saw no reason to raise rates today, but policymakers hinted at a September rate hike. This remains our base case. We still believe that 2.50% marks the end of this hiking cycle, but developments in the Middle East increase the likelihood that the ECB is forced to implement additional tightening. If they do, that also raises the odds policymakers ...

Oil prices surged yesterday, with ICE Brent breaking above $100/bbl for the first time since May. Further escalation in the Persian Gulf and fears of a widening conflict are putting a significant amount of oil supply at risk. Houthi attacks on Saudi vessels in the Red Sea have the potential to widen this conflict, leading to further escalation. President ...

Caped Crusader fans can purchase the mansion that served as Batman’s Wayne Manor in the 1960s TV series for $32 million – but the listing price is only the beginning of what it will cost to own a piece of Hollywood history. The 1920s grand Tudor-style home on S San Rafael Ave in Pasadena is on the market again after selling for $20.8 million in 2025, the ...

Japan Trade Min: Have Confirmed With Lutnick No Tariffs Beyond Deal - Think Burden On Japan Won't Go Beyond Last Year's Deal

The Trump administration on Friday will impose new tariffs of 10% and 12.5% on goods from 60 trading partners, including the European Union, over allegations of lax enforcement of forced labor bans, just as a temporary 10% global tariff expires. The move is the White House's latest effort to restore President Donald Trump's campaign vision of a near-global ...

Japan finance minister Katayama: prepared to take decisive steps on forex Japanese Finance Minister Katayama noted that the U.S. Treasury's forex report highlighted the bilateral statement affirming that excessive foreign exchange fluctuations are undesirable. Japan Finmin Katayama: Japan and U.S. maintain round-the-clock communication

Japan's manufacturing activity remained broadly firm in July with output rising at its fastest rate since February 2014, while uncertainty about the Middle East situation continued to weigh on firms, a business survey showed on Friday. The S&P Global flash Japan Manufacturing Purchasing Managers' Index (PMI) came in at 54.7 in July, slightly softer than ...

The yield on Japan's 30-year government bonds increased by 5.0 basis points, reaching 3.965%.

Latest S&P Global Flash PMI® data signalled a stronger expansion in private sector output at the start of the second half of 2026. Overall activity rose at the fastest pace since February, led by the steepest increase in manufacturing production since February 2014. Services activity growth slowed slightly on the month. Overall employment rose at a broadly ...