Forex News

The US dollar is bid and pushing against some resistance levels ahead of flurry of central bank talk at the ECB conference in Sintra, which includes the new Federal Reserve Chair Warsh. The talks are set to begin around 9:00 AM ET. Given his reluctance to provide forward guidance at his first press conference last month, it seems unreasonable to expect more ...

Japan's top currency diplomat said the country's intervention in the currency market two months ago to support the yen had been effective, and that some U.S. officials had been "supportive" of the move, Bloomberg News reported on Wednesday. "Judging from how the market moved afterward, I think it clearly had meaning," Atsushi Mimura, vice finance minister ...

The Forex market has seen much more life in it lately compared to the previous quiet year of mostly consolidative moves in USD currency pairs, but that has changed over the past few weeks. With the US Dollar finding direction and the Federal Reserve animated by more decisive and hawkish sentiment, and the focus switching from rate cuts to the prospect of at ...

U.S.-based employers announced 45,849 job cuts in June, down 53% from the 97.006 cuts announced in May. June's total is down 4% from the 47,999 cuts announced in the same month last year, and marks the lowest monthly total since December 2025. according to a report released Wednesday from global outplacement and executive coaching firm Challenger, Gray & ...

Euro area annual inflation is expected to be 2.8% in June 2026, down from 3.2% in May according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in June (8.7%, compared with 10.8% in May), followed by services (3.2%, ...

ECB’s Kocher: Next decisions will be either hike or hold.

ECB's Wunsch: One hike could suffice without major 2nd-round effects.

The Australian and New Zealand dollars were on the defensive on Friday as mounting wagers on US rate hikes boosted the greenback broadly, sending the kiwi to three-month lows. A hawkish swerve from the Federal Reserve has seen markets price in 38 basis points of tightening this year and shrunk the Antipodeans’ yield premium over Treasuries. That left the ...

The upturn in UK manufacturing showed signs of losing momentum at the end of the second quarter. Although output growth accelerated as companies continued to benefit from clients' strategic stockpiling, a softer uplift in incoming new orders suggested the impetus provided by this was already starting to fade. The seasonally adjusted S&P Global UK ...

ECB's Nagel: June move never was an insurance hike. ECB's Nagel: Inflation will stay above target in 2027. ECB's Nagel: I will keep options open for july, septemer decisions. ECB’s Nagel: AI Initially A Bit More Inflationary

US, Iran Officials To Hold Indirect Talks Today- AFP

Manufacturing output across the euro area continued to rise moderately in June, according to the latest S&P Global PMI® survey figures. Growth even picked up from May following a marginal improvement in demand. Supply conditions remained a challenge, however, with the Suppliers' Delivery Times Index still well below the level seen immediately prior to the ...

Germany's manufacturing sector ended the second quarter with a modest rise in output that was supported by a slight uptick in demand, the latest PMI® survey data showed. Firms were also a little more optimistic about the outlook, although expectations were still subdued by historical standards. Goods producers in the eurozone's largest economy continued to ...

French manufacturing output decreased during the final month of the second quarter, latest S&P Global PMI® survey data showed, marking back-to-back contractions after a short-lived expansion in April. New order intakes likewise fell for a second month running, with demand weakness particularly evident in export markets. The supply-side also remained ...

The Italian manufacturing sector remained supported by stockpiling efforts, according to latest PMI® data by S&P Global. However, there were signs that this boost to demand had somewhat diminished amid slower growth in both order books and production. Firms were more cautious with their hiring decisions and input purchasing. On the upside, pressures on both ...

Spain’s manufacturing sector experienced a deterioration in operating conditions during June. New orders fell to a greater and marked degree, whilst production declined for the first time in three months. Supply delays remained common, linked to the conflict in the Middle East, whilst input price inflation was again elevated – despite easing noticeably ...

video The Bank of Japan delivered its first rate hike of 2026 at its June meeting, raising the policy rate by 25bps to 1.0%, its highest level since 1995. This marks a further step in the cautious “adjustment of the degree of monetary accommodation”, as framed by the BoJ. The process began in 2024, as persistent deflation faded and the decade-long ...

Preliminary estimates for June indicate that the index decreased by 2.2 per cent (on a monthly average basis) in SDR terms, after increasing by 1.0 per cent in May. The non-rural and base metals subindices decreased in the month, while the rural subindex increased. In Australian dollar terms, the index decreased by 0.7 per cent in June. Over the past year, ...

Annual house price growth picked up to 2.2% in June, from 1.7% in May, although prices were broadly flat in month-on-month terms, after taking account of seasonal effects. “It is not surprising that the market has softened a little in recent months, given the uncertainty caused by developments in the Middle East and the subsequent rise in energy prices and ...

The World Bank will phase out its lending to China by 2031, according to the organization’s new country partnership framework, a source familiar with the matter told AFP on Tuesday. The source confirmed an earlier report of the development by the Financial Times. “China has made significant development advances over the past several decades -- progress that ...

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On July 1, North America may enter a new era of economic relations. The United States is set to formally announce it will not renew the United States-Mexico-Canada Agreement (USMCA), beginning a potentially decade-long negotiation process over the future of the free trade agreement. That announcement will not immediately terminate the USMCA, as that would ...

Around the world, the monetary policy pendulum swung more decisively in the direction of restraint. Among the five central banks the table that appears in this monthly feature of Currency Thoughts, the Bank of Japan and European Central Bank each raised their key interest rate by 25 basis points in June, and none of the other three eased. Among other ...

Canadian dollar sentiment remains weak, with futures traders extending net-short exposure to a 29-week high. Yet while positioning continues to favour CAD weakness, the charts suggest momentum may be shifting. USD/CAD is showing early signs of a pullback, AUD/CAD is defending key support within its uptrend, and CAD/JPY's latest rally appears driven more by ...

The June PMI® survey data highlighted a further improvement in manufacturing business conditions in China, completing the strongest quarter for the sector since the fourth quarter of 2020. Moreover, the rate of input price inflation slowed further to a five-month low. The headline seasonally adjusted RatingDog China General Manufacturing Purchasing ...

MUFG says Japan's latest round of verbal warnings on the yen still falls short of signalling that intervention is imminent, even as the dollar pushed to fresh highs against the currency overnight, according to a note from the bank. USD/JPY extended its upward trend after breaking above the July 2024 high of 161.95, a move that drew renewed concern from ...

The May 2026 seasonally adjusted estimate: • Total dwellings approved fell 1.1% to 17,019. • Private sector houses rose 2.8% to 10,537, and private sector dwellings excluding houses fell 10.4% to 6,034. • The value of total residential building fell 5.7% to $10.24b. • The value of total non-residential building rose 41.0% to $10.83b. table chart The ...

Canadian economic activity increased 0.5% in April, slightly higher than Statistics Canada’s 0.4% advance estimate and marking the strongest monthly gain since July 2025. As expected, the increase was driven primarily by stronger activity in goods-producing industries, particularly mining, quarrying, and oil and gas extraction, alongside a pickup in ...

Manufacturing companies operating in Japan continued to see a marked improvement in business conditions in June. Furthermore, the latest PMI® data pointed to another solid rise in production amid the quickest upturn in sales since the start of 2022. New order growth was partly fuelled by the ongoing conflict in the Middle East, however, as clients looked to ...

It's the first trading day of a new month, and hopefully a period where we can start putting a little more faith in market signals than we've been able to over the past week. Quarter-end flows have muddied the waters across markets recently, making it difficult to know whether moves can be trusted. With those distortions now hopefully behind us, the price ...