Forex News

BoE's Bailey: Financial Stability Risks Have Increased Resumption Of Hostilities In Gulf Underlines Instability Going Forward Soft Evidence On Pass-Through To UK Prices Refined Prices Have Not Come Down As Much BoE's Bailey: The Big Issue For UK Is Growth In The Economy Core Banking System In UK Is Resilient Debt Levels Are Not Stretched In UK

KYIV'S NAVY SPOX: RUSSIA STRUCK CIVILIAN VESSEL NEAR UKRAINE'S BLACK SEA PORT OF ODESA

IRAN'S ARMY SPOKESPERSON SAYS STRAIT OF HORMUZ WON'T OPEN WITH 'U.S. AGGRESSIONS' AND WAR - SNN

The New Zealand dollar rallied on Tuesday as investors ramped up wagers for rate hikes there and helped buck a global reversal in risk assets, which weighed on its Australian counterpart. A further surge in oil prices combined with a hawkish outlook by a top policy maker from the Reserve Bank of New Zealand to send short-term swap rates to two-month peaks. ...

China’s yuan held steady against the dollar on Tuesday, as fresh signs of escalating Middle East tensions were offset by robust trade data that helped stabilise market sentiment. The US military carried out a third consecutive night of strikes against Iran on Monday as President Donald Trump reinstated a blockade of Iranian shipping and proposed charging a ...

China tell some banks not to rediscount bills at rates below 0.5% - Sources.

The Producer and Import Price Index fell in June 2026 by 0.3% compared with the previous month, reaching 99.8 points (December 2025 = 100). In particular, petroleum products as well as petroleum and natural gas saw falling prices. Compared with June 2025, the price level of the whole range of domestic and imported products fell by 2.1%. These are the ...

The selling prices in wholesale trade were 4.9% higher in June 2026 than in June 2025. Compared with the same month a year earlier, the rate of change was +5.9% in May 2026, and +6.3% in April 2026. The price increase registered in June 2026 was largely attributable to the conflict in Iran and the Middle East, which resulted in higher wholesale prices of ...

Reserve Bank of New Zealand chief economist Conway signalled on Monday that the central bank sees rising upside risk to its inflation outlook from the Middle East conflict, even as oil prices have retreated from their recent peak. Conway said the conflict has complicated monetary policy in the way all supply shocks do, and that understanding how firms ...

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China’s export growth topped forecasts in June as strong demand for semiconductors and a rush by manufacturers to ship goods to the U.S. ahead of potential new tariffs countered broader concerns about the Iran war and weakening global demand. The stronger-than-expected trade performance suggests Chinese ​manufacturers continued to sustain sales despite ...

Japanese policymakers on Tuesday flagged the possibility of changes to the asset allocation of the nation's giant state pension funds, though they offered no clues on the timing or scale of any shift. Finance Minister Satsuki Katayama said Japan may consider adjusting the funds' asset allocation if the investment environment changes sharply. "The change in ...

Crude jumped after fighting resumed near the Strait of Hormuz and US President Donald Trump moved to reimpose a blockade on Iranian oil and levy a toll for passage through the vital waterway. Prices punched back above near-term resistance and now look set to retest levels north of $80 a barrel. What makes this episode different from the past several weeks ...

*US COMPLETES NEW STRIKES ON IRAN MILITARY TARGETS Just in | US Central Command Reports Over 50,000 Troops Deployed in the Middle East

Business confidence continued to recover in June as concerns about the economic impact of Middle East tensions eased and cost pressures proved less severe than initially feared, according to the latest NAB Monthly Business Survey. Business confidence rose 9 points to -5 index points, while business conditions remained unchanged at +3 index points for a ...

Yelena Shuletyeva has been a devoted watcher of the Federal Reserve and its policy changes over the past 20 years, previously as an economist at BNP Paribas and Bloomberg LP. is now now putting all of her experience and analytical capabilities to work as a Senior US Economist for The Conference Board Economy, Strategy & Finance Center. As she takes over as ...

Japanese government bond yields have been hitting multi-decade highs, with benchmark 10-year reaching levels not seen since 1996 last week. While Japanese bonds have been selling off amid policy normalization by the Bank of Japan and concerns over Japanese Prime Minister Sanae Takaichi’s spending plans, experts say that the asset class deserves another look ...

Japan finance minister Katayama: sharp shift in asset management environment could prompt review of GPIF portfolio Japan finmin Katayama: any asset management portfolio change to follow rules set for GPIF ? JAPAN FINMIN KATAYAMA: NO COMMENT ON WHETHER GPIF ASSET ALLOCATION CHANGE COULD LEAD TO DECREASE IN GPIF'S INVESTMENT IN FOREIGN ASSETS

The Westpac–Melbourne Institute Consumer Sentiment Index rose 4.1% to 83.9 in July from 80.6 in June. Despite the gain, sentiment remains deeply pessimistic. At 83.9, the latest Index read is still in the bottom 10% of results over the 50-year history of the survey. Some of the July improvement looks to be relief that ‘worst case’ scenarios – around energy ...

The US 10yr yield breached above 4.6% on Monday, driven there by yet another nudge higher in real yields. But in addition, break-even inflation rates too have been on a renewed rising trend in the past week. The latter coincides with the re-elevation of tensions between the US and Iran, manifesting in a concerning kinetic element. We're not quite in a state ...

Getty Seems Norwegian soccer star Erling Haaland is starting to feel more cowboy than Viking ... after spending weeks in the United States for the 2026 FIFA World Cup, he decided to bring home some cowboy keepsakes from Texas ... and they weren't cheap. A manager for Wild Bill's Western Store in Dallas tells TMZ ... Haaland and four other Norwegian soccer ...

Canadians are adjusting how they live as financial commitments are catching up even before their paycheque arrives in their bank account, the MNP Consumer Debt Index shows on Monday. Sustained cost pressures mean that for many Canadians, a substantial chunk of their income is already spoken for before they receive their paycheque, polling conducted by Ipsos ...

International travel covers the number and characteristics of overseas visitors and New Zealand resident travellers (short-term movements) entering or leaving New Zealand. tables Overseas visitor arrivals were 203,300 in May 2026, an increase of 12,700 from May 2025. The biggest changes were in arrivals from: • China (up 4,400) • Australia (up 3,300) • ...

Volatility has perked up for the Japanese yen over the past few weeks, and it has cut both ways. A market-led selloff heading into the 2 July non-farm payrolls (NFP) report saw USD/JPY fall by as much as 200 pips before recouping those losses over the following four days. On Friday, USD/JPY fell more than 100 pips on reports that Japan's largest pension ...

RBNZ’s Conway: Middle East developments last week indicate upside risks to September quarter forecast RBNZ's Conway: monetary policy can stop initial price impacts from turning into ongoing inflation pressure Rbnz's Conway: additional easing of monetary stimulus probably needed RBNZ's Conway: Central bank will act if inflation from Middle East conflict proves persistent

TRUMP ON IRAN: KNOCKING OUT IRAN'S OFFENSIVE CAPABILITY; BELIEVES A DEAL IS POSSIBLE

The latest NZIER Quarterly Survey of Business Opinion (QSBO) showed a recovery in business confidence in the June quarter, with a net 12 percent of firms expecting an improvement in general economic conditions over the coming months, on a seasonally adjusted basis. This was a pick-up from the net 1 percent expecting a better general economic outlook in the previous quarterly survey, which was undertaken shortly after the onset of the US-Israel-Iran war that boosted fuel prices. Meanwhile, demand in firms’ own business was broadly flat, with only a net 1 percent of firms reporting increased activity in the June quarter on a seasonally adjusted basis. This NZIER QSBO was undertaken between 10 June and 7 July. This coincided with a period when global fuel prices began to fall as the US and Iran reached a 60-day Memorandum of Understanding guaranteeing ship passage through the Strait of Hormuz. This recent easing of the fuel crisis appeared to have supported an improvement in confidence in the June quarter. However, geopolitical conditions in the Middle East remain highly volatile and uncertain, with tensions between the US and Iran re-escalating and fuel prices resurging in more recent weeks. This environment of ongoing uncertainty continues to drive caution amongst firms when it comes to hiring and investment. A net 10 percent of firms reported that they had reduced staff numbers in the June quarter, and a net 1 percent plan to reduce staff counts in the next quarter. A net 3 percent of firms plan to cut Trump on Iran: seeks compensation for shielding nations in Strait of Hormuz

Monetary policymakers are sometimes accused of being too quick to tighten monetary policy out of concern that a strong labor market or rapid economic growth will cause higher inflation. An often-cited exception occurred in 1996 when Federal Reserve Chairman Alan Greenspan resisted calls to raise the Federal Open Market Committee (FOMC) policy rate despite ...

The U.S. central bank may need to raise interest rates "in the near term" if coming data show inflation continuing well above the 2% target, Federal Reserve Governor Christopher Waller said on Monday, in remarks that characterized monetary policy as being at a "crossroads." Waller told the New York Association for Business Economics that he'll be leaning ...

At 4:45 p.m. ET today, U.S. Central Command began launching the third consecutive night of strikes against Iran, at the Commander in Chief's direction. These strikes will continue imposing a heavy cost on Iranian forces and degrade their ability to attack innocent civilians and…