Forex News

As I think about my recent policy decisions, my assessment has evolved with incoming data and ongoing research. At the start of this year, moderation in price and wage growth, alongside slowing activity, had brought me closer to considering a reduction in Bank Rate. However, since the onset of the conflict in the Middle East, the reemergence of the ...

US dangles rewards for opening the Strait of Hormuz. Iran isn't budging. - WSJ

The June US jobs report led with a softer-than-expected non-farm payroll growth number of 57,000 (consensus 113k) with 74,000 downward revisions to the past two months. The unemployment rate dipped to 4.2% from 4.3%, but this was primarily caused by a big drop in the participation rate to 61.5% from 61.8% – ie not a good reason since it highlights worker ...

Africa's trading market continues to attract new participants as fintech adoption rises and access to financial services improves across the continent. At the Finance Magnates Africa Summit 2026, Adam Button sat down with Kabelo Mathapo, Business Development Manager at Vantage Markets South Africa, to discuss what is driving this growth, how trader ...

KEY EUROPEAN NATIONS ACCEPT HORMUZ STRAIT FEES ARE INEVITABLE

The dollar fell noticeably in the wake of U.S. nonfarm payroll numbers that landed at 57K, almost half the 110K figure the market was watching. The unemployment rate fell slightly to 4.2% from 4.3% previously, while hourly earnings were relatively steady at 3.5%, up from 3.4% last month. Foreign exchange markets were primed for a strong print following ...

Canada’s manufacturing sector remained in growth territory during June, expanding for a third month in a row on the back of rising production and new orders. In response, employment numbers were increased to the greatest degree since October 2024, and firms chose to raise their purchasing activity again – although this was partly to protect against supply ...

A cooler reading on payrolls in June, which broke a three-month hot streak, is still likely to keep Federal Reserve officials' full attention on inflation and extend the interest rate pause, while preserving the hawks' case for potential rate hikes later this year. The US economy added 57,000 jobs in June, fewer than expectations for 113,000 and down ...

In the week ending June 27, the advance figure for seasonally adjusted initial claims was 215,000, a decrease of 1,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 215,000 to 216,000. The 4-week moving average was 222,000, a decrease of 2,500 from the previous week's revised average. The previous week's ...

Both total nonfarm payroll employment (+57,000) and the unemployment rate (4.2 percent) changed little in June, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, social assistance, and health care. Leisure and hospitality lost jobs. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note. U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2% The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday. Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast. The unemployment rate, however, dropped to 4.2%, and slightly ahead of the 4.1% where it was a year ago. The U.S. economy added 57,000 jobs in June and revisions subtracted a combined 74,000 jobs from the previously reported figures for May and April. The unemployment rate edged down to 4.2%. Leisure and hospitality employment declined by 61,000 in June.

Fed's Daly: US monetary policy is slightly restrictive Fed's Daly: That should help inflation come down. Fed's Daly: There is a scenario where the Fed has to fight inflation; there's also a scenario where growth doesn't continue. Fed's Daly: Can't decide right now, can't give false guidance on rates.

DALY: AI INVESTMENT SHOCK HAS PEOPLE WONDERING IF IT WILL BE INFLATIONARY DALY: WE ARE IN EARLY STAGES OF A POTENTIAL EXPONENTIAL RISE IN PRODUCTIVITY GAINS FROM AI

Banco de España together with CEMFI and Menéndez Pelayo International University (UIMP) launches the fifth academic conference on the Spanish economy, that will be held on 2 and 3 July 2026 in Santander. This conference series aims at bringing together top researchers to present their recent work on topics that are of critical importance for the Spanish ...

The Bureau of Labor Statistics’ June jobs report, which will be released on Thursday at 8:30 a.m. ET, is expected to show that the recent trend of stable hiring continued for a fourth straight month, but that wage growth remains below inflation. The report is likely to show a gain of 115,000 jobs, the unemployment rate largely unchanged at 4.3% and average ...

GBP/USD: Have Bulls Asserted Control? This currency pair seems to have made a turnaround from falling steadily to long term lows, to making a fairly strong and impulsive rise, arguably gaining fuel from a failed bearish breakdown. In the Forex market, breakouts are often not decisive, and trends can be unreliable and hard to find. This suggests that the ...

Federal Reserve Chairman Kevin Warsh has said that inflation is a “choice.” The same could also be true of how inflation is measured. While the central bank has its own favorite metric courtesy of the Commerce Department, the public data base is rife with other gauges of how price pressures are best viewed. It’s likely that many of them will get a serious ...

In May 2026, the euro area seasonally adjusted unemployment rate was 6.2%, stable compared with April 2026 and down from 6.3% in May 2025. The EU unemployment rate was 5.9% in May 2026, also stable compared with April 2026 and down from 6.0% in May 2025. These figures are published by Eurostat, the statistical office of the European Union. Eurostat ...

US DOLLAR’S SHARE OF GLOBAL FX RESERVES HITS LOWEST LEVEL THIS CENTURY

Lenders reported that the availability of secured credit to households was unchanged in the three months to end-May 2026 (Q2). It was expected to increase over the next three months to end-August 2026 (Q3) (Chart 1). Lenders reported that the availability of unsecured credit to households increased in Q2 and was expected to decrease in Q3 (Chart 2). Lenders ...

Unified Command of Iranian Armed Forces: Any US interference in Strait of Hormuz will be met with ‘swift and decisive response' - Fars News

In May 2026 the number of employed and unemployed people decreased, while the number of inactive people increased. On a monthly basis, employment went down (-0.1%, -22 thousand) for both sexes and all age groups except for those aged 50 and over, for whom employment grew. Overall, the employment rate fell to 63.0% (-0.1 p.p.). In the last month, the drop in ...

Europe's top court on Thursday upheld Google 's fine of around 4.1 billion euros ($4.67 billion) over alleged anti-competitive practices. In 2018, the European Commission slapped Google with the record-breaking penalty on the grounds that it abused Android's mobile dominance to give unfair advantage to its own apps via pre-installation deals with smartphone ...

The total number of unemployed people registered at the offices of the State Public Employment Service (SEPE), at the end of June, has decreased by 28,739 people (-1.24%) in relation to the previous month. Compared to June 2025, year-on-year unemployment has decreased by 113,981 people (-4.74%). The total number of registered unemployed has reached ...

Dollar Falls Nearly 1% Against Yen in Sudden Swing Before Bouncing Back

Implied volatility for USD/JPY has surged ahead of today’s nonfarm payrolls (NFP) report, which is hardly surprising given its importance for Fed policy expectations and the potential for currency intervention by Japan’s Ministry of Finance (MOF). With the one-day implied volatility band sitting at 233% of its 20-day average, the options market is pricing a ...

Japan's tax revenue rose to 84.2 trillion Yen in FY ended March, posting a fresh record for the sixth straight year

Switzerland CPI (Y/Y) Jun: 0.5% (est 0.5%; prev 0.6%) - CPI (M/M): 0.0% (est 0.1%; prev 0.2%) - CPI Core (Y/Y): 0.3% (est 0.4%; prev 0.3%) - CPI EU Harmonized (Y/Y): 0.7% (prev 0.9%) - CPI EU Harmonized (M/M): 0.1% (prev 0.1%)

The Bureau of Labor Statistics has taken steps to address issues that led to the release of key economic data at improper times in 2024, though a watchdog said it has more work to do in establishing safeguards. A report by the Labor Department's inspector general looked at a trio of incidents in which economic data was either released early or late, or ...

Since publication of the last Financial Stability Report in June 2025, economic and financial conditions relevant for the Swiss financial sector have remained challenging, in particular because of the conflict in the Middle East, trade tensions, and the associated geopolitical and macroeconomic uncertainty. Thanks to substantial capital buffers, the Swiss banking sector is well placed to face this challenging environment. Overall, global economic growth was solid going into 2026, but has slowed somewhat since the escalation in the Middle East. Long‑term interest rates have increased against the backdrop of renewed inflationary pressure, due to the recent surge in energy prices, and high public debt in many advanced economies. In Switzerland, by contrast, both inflation and long‑term interest rates have remained at lower levels. In financial markets, the conflict in the Middle East has led to higher volatility, yet the overall reaction has been muted. Global stock prices temporarily declined but remain above the levels at the time of publication of the last Financial Stability Report. Furthermore, global corporate and sovereign credit risk premia temporarily increased to a moderate degree but remain at low levels. Residential real estate prices have Swiss National Bank Warns Current Capital Rules Do Not Adequately Cover Foreign Investment Risks SNB: UBS Capital Levels Adequate Under Proposed Requirements Including Reserves

Japan’s Ministry of Finance could step in abruptly to wipe out speculative yen positions: RTRS for at least 48 hours anyway