Forex News

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

#OOTT | Energy Executives Have Warned The White House Of Dwindling Oil Reserves, Sources Say – @CNN US ENERGY EXECUTIVES WARNED THE WHITE HOUSE THAT OIL RESERVES BEING USED TO HELP CONTAIN THE IMPACT OF THE IRAN CONFLICT ON ENERGY PRICES ARE RUNNING DANGEROUSLY LOW, ACCORDING TO CNN. INDUSTRY STOCKPILES COULD FALL TO CRITICAL LEVELS WITHIN WEEKS, INCREASING PRESSURE ON THE ADMINISTRATION TO FIND A PATH TOWARD EASING THE CONFLICT AND STABILIZING GLOBAL OIL MARKETS. - CNN

IRAN HAS REPORTEDLY SUBMITTED A DRAFT AGREEMENT TO THE UNITED STATES THROUGH QATARI MEDIATORS, WITH SOURCES SAYING THE TEXT WAS FINALIZED AND SENT TO WASHINGTON FOR REVIEW. - NY POST A U.S. SOURCE CONFIRMED RECEIPT OF THE DRAFT, THOUGH DETAILS WERE NOT DISCLOSED. IF APPROVED, THE AGREEMENT COULD PAVE THE WAY FOR REOPENING THE STRAIT OF HORMUZ AND RESUMING NUCLEAR NEGOTIATIONS. - NY POST

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The USD/CAD has hit the 1.40 handle today, as we had expected. The move is a reflection of strengthening US dollar amid growing inflation risks and an overall soft appetite for risk. While the stock markets were attempting to stabilise after a sharp sell-off on Wednesday, I am not convinced the bulls are in a rush to jump back in. As we have seen repeatedly ...

President Donald Trump’s new Federal Reserve chair, Kevin Warsh, previously argued that the Fed had room to cutinterest rates, a message that made him attractive to a president who has long viewed cuts as a top priority. Only weeks into his role as chair, Warsh is confronting rekindled inflation that may eventually force him to do the opposite on rates, ...

*ECB OFFICIALS SEE NEXT RATE HIKE POSSIBLE AS SOON AS JULY

U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported Thursday that its producer price index — which captures inflation before it reaches consumers — jumped 6.5% from May 2025. It rose 1.1% from April, as it did the previous month. ...

Working natural gas in storage across the United States increased by 108 billion cubic feet in the week ending June 5, compared to the previous 7-day period, and stood at 2,686 Bcf, the Energy Information Administration (EIA) said in its report on Thursday. Viewed annually, natural gas reserves decreased by 5 Bcf. At the same time, the figure was 151 Bcf ...

US Treasury Secretary Bessent announced on X Thursday morning that Washington is moving forward on a plan to compensate America's Gulf regional allies for damage sustained during Iranian counterattacks on their energy and civic infrastructure. He made clear that any damage to Gulf allies would be paid for with frozen Iranian funds, which Tehran leadership ...

UAE AND IRAN REPORTEDLY HELD IN-PERSON TALKS TO REDUCE TENSIONS.

The U.S. military will attack Iran “VERY HARD TONIGHT,” and will soon take over the country’s “oil infrastructure points,” including taking Kharg Island, President Donald Trump said Thursday morning. An operation to “assume total control” of Iran’s oil and gas markets and infrastructure will occur “at some point in the not too distant future,” Trump vowed ...

LAGARDE: TODAY'S DECISION NOT A FORCEFUL" ONE ECB'S LAGARDE: 25 BPS HIKE IS A SIGNAL AND IS NECESSARY ECB's Lagarde: We have not discussed the neutral rate ECB's Lagarde: We Are Beginning To See Broadening Of Inflation. We Will Be Extremely Attentive ECB President Lagarde (Q&A) states the main risk today would be to not take this sort of decision