Forex News

Report for the attention of the Governing Board of the Swiss National Bank for its quarterly monetary policy assessment of June 2026 The report describes economic and monetary developments in Switzerland and explains the inflation forecast. It shows how the SNB views the economic situation and the implications for monetary policy it draws from this ...

The tech-led equity sell-off has started to significantly spill over into FX. Since the sentiment jitters originated in Asia and are centred on semiconductor stocks, the Aussie and Kiwi dollar have been hit hard, alongside SEK and NOK, which tend to underperform as liquidity dries up in risk-off conditions. The canonical safe havens USD, JPY, CHF are doing ...

In the building industry, last month’s optimism increased further. Business leaders assessed their strengthened order books considerably more favourably and expect demand to pick up sharply over the next three months. In the trade sector, as well, business leaders expressed very optimistic demand expectations. They also expect to employ more staff over the ...

The U.S. current-account deficit resulting from international economic transactions widened by $5.8 billion, or 2.6 percent, to $226.8 billion in the first quarter of 2026, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $221.1 billion. The first-quarter deficit was 2.9 percent of ...

JP Morgan Chase gave the ax to a senior executive caught on video dumping garbage onto an NYC sidewalk at the Knicks championship parade and then stealing the trash receptacle, according to a new report. The Manhattan-based bank told the New York Post that it fired Angie Baez after reviewing footage posted online showing the bizarre incident during last ...

*BESSENT: SEE NON-INFLATIONARY ECONOMY ACCELERATION REST OF YEAR *BESSENT: YOU CAN HAVE STRONG DOLLAR WHEN RATES ARE BEING CUT US Treasury Secretary Bessent: I don't think anyone should do Fed dot projections US Treasury Secretary Bessent, on Fed: I applaud Warsh for eliminating forward guidance US Treasury Secretary Bessent: In February, thought inflation would be close to 2% by mid-summer

Iran has informed the U.S. that, despite troublemaking Fake News reporting to the contrary, there are “NO TOLLS, NO INSURANCE COSTS, & NO OTHER CHARGES OF ANY KIND BEING SOUGHT OR RECEIVED BY IRAN ON SHIPS TRAVELING THE STRAIT OF HORMUZ. If this is false information, negotiations would end, immediately! Additionally, no money has been given to Iran, or released from their money to them, by the U.S. We will be releasing some of their money, that is totally controlled by us, to our Farmers and Ranchers, for the purchase of Corn, Wheat, Soybeans, and more. Food is desperately needed in Iran, and we will be purchasing it for them exclusively from the United States. Thank you for your attention to this matter! President DONALD J. TRUMP

Bullwaves has been named Best Affiliate Programme at the UF AWARDS GLOBAL 2026, marking a major milestone and reinforcing its position as an ideal choice for affiliates, IBs, CPA networks and digital marketing partners worldwide. The award is a clear indicator of Bullwaves’ continued investment in a partner-first model built around competitive CPA ...

The US dollar’s rally is extending today, but the market remains cautious about intervention by Japanese officials. The Dollar Index has not fallen since last Tuesday. It has risen by a little more than 2% since the Fed delivered its hawkish hold last week. Yet, for the second consecutive session, the dollar is rising without it being backed by higher ...

The Australian dollar sold off very aggressively on Tuesday, falling all the way to the 200 Day EMA. The Australian dollar has been very negative during trading on Tuesday, as we continue to see the US dollar really start to pick up strength. This is despite the fact that the US dollar has actually seen interest rates in the United States drop; that's a bit ...

The U.K. is facing its seventh prime minister in a decade after Keir Starmer announced on Monday that he will stand down. That is two more than Italy — often cited in the U.K. as an example of how not to do things — has had over the same period. As striking is that of the last five — Theresa May, Boris Johnson, Liz Truss, Rishi Sunak and Starmer — just one, ...

German business morale rose in June, a survey showed today, as companies assessed their current situation more positively and expectations were also somewhat less sceptical. The Ifo institute said its business climate index increased to 85.6 compared to a revised 85 in May. The reading was in line with a Reuters forecast. "The German economy is hoping for ...

Iranian Parliament Speaker Mohammad Bagher Ghalibaf said on Wednesday that the Islamabad memorandum of understanding with Washington turned into “a declaration of US defeat,”

NATO Secretary-General Mark Rutte will check in face-to-face with President Donald Trump on Wednesday, visiting the volatile U.S. leader two weeks before the annual summit of the military alliance at a time when the Pentagon is reviewing the size of the U.S. military footprint in Europe. Trump has long been critical of NATO, arguing the U.S. carries more ...

UK, FRANCE, GERMANY DE FACTO EMBASSIES IN TAIPEI JOINT STATEMENT: WE HAVE NOTED WITH CONCERN NOVEL CHINESE ACTIVITY IN THE WATERS EAST OF TAIWAN

swiss national bank vice chairman: Not planning to introduce a digital swiss franc

BOJ’s Ueda, in remarks read by Deputy Governor Himino, said the economy is likely to see slower growth but maintain a gradual recovery. BOJ’s Ueda signaled further rate increases in response to the economy and inflation, while saying financial conditions remain easy. According to BOJ Governor Ueda, further rate hikes will be made as needed based on economic and price developments, while financial conditions stay accommodative. According to a speech delivered by Deputy Governor Himino on behalf of BOJ Governor Ueda, the timing and pace of future interest rate increases were addressed.

It is an honour to be asked to deliver this, the second Sir Douglas Copland Memorial Lecture.1 I must confess, however, that my topic owes more to the work of Bill Phillips than it does to Copland. Before you throw me out, let me try and convince you there are enough parallels to let me stay! First, both Copland and Phillips came from rural backgrounds in New Zealand to become adopted sons of Australia. Copland was born in Otaio in the South Island but nearly his whole adult life was spent here, dominating economic affairs for a large part of the 20th century. He was the driving force behind the foundation of the Economic Society of Australia and New Zealand, serving as its first president in the 1920s, and he chaired the expert committee behind the Premiers’ Plan in the 1930s, led the Commonwealth Prices Commission during the Second World War, and served as the inaugural professor of economics at the University of Tasmania, the founding Dean of commerce at the University of Melbourne, and the first Vice-Chancellor of the Australian National University (ANU). In 1933, on the recommendation of Keynes, he gave the first Alfred Marshall Memorial Lectures at Cambridge, then the most prestigious lecture series in global economics. Phillips was born in Te Rehung RBAS's Hauser: Still have work to do to reduce inflation, which remains far too high RBA’s Hauser said that quicker action on inflation could reduce the resulting rise in unemployment.

Japan's government plans to examine ways to improve management of its $1.3 trillion foreign exchange reserves, a war chest for future yen intervention, according to a draft growth strategy report reviewed by Reuters on Wednesday. The plans reflect the government's desire to boost returns on the reserves and help replenish its tattered finances, as Prime ...

CNBC's Matt Peterson reports on news regarding the Federal Reserve.

European Central Bank President Christine Lagarde has called for global discussion on the perceived undervaluation of the Chinese yuan as part of broader economic imbalances, according to reports from Reuters. Her remarks come amid renewed scrutiny in Europe of China’s currency policy and its impact on trade competitiveness. A Chinese expert on June 23 ...

On June 11, I outlined the case for a bullish mean-reversion move in gold. At the time, I noted that gold prices had fallen more than 10% in June, far exceeding the average decline of -3.5% seen during bearish Junes since 2000. And that was before the month had reached its halfway point. With the 4,000 milestone providing nearby support, the odds appeared ...

So, I have Iran on the “ropes,” ready to go down for the fall, willing to give us practically anything, and for the first time in decades, respecting the hell out of the United States and its President, ME, and the U.S. Senate decides to have a poorly timed and meaningless War Powers Act Vote, telling the Number One Sponser of Terror in the World that the United States doesn’t like what I am doing to them, and I must stop, and by so doing has provided aid and comfort the Enemy. Four Republican Losers voted with the Dumocrats, and Iran asked my people, “what does that all mean?” These Senators have just made my job more difficult, but I will get it done, one way or the other, because I always get it done! President DJT

The FIFA World Cup is the world’s premier international men’s football (soccer) tournament. Held every four years and watched by audiences around the globe, the World Cup is much more than a championship. It’s also a temporary economy. For a month, host cities become stages for one of the largest sports spectacles in the world. Hotels, restaurants, transit ...

CNBC's Matt Peterson reports on news regarding the Federal Reserve.

In the 12 months to May 2026: • The Consumer Price Index (CPI) rose 4.0%, down from 4.2% in the 12 months to April 2026. • The largest contributors to annual inflation were Housing (+6.5%), Food and non-alcoholic beverages (+3.3%) and Transport (+3.3%). • Trimmed mean inflation was 3.6%, up from 3.4% in the 12 months to April 2026. In the month of May, the ...

China’s economic trajectory is shifting, but not in the way many had once expected. Consumption-led rebalancing has not materialised. Instead, economic policy continues to emphasise industrial modernisation, aligned with a long-term strategy focused on supply-chain resilience and national security. Policymakers appear willing to tolerate only a moderate ...

Ex-JPMorgan banker Chirayu Rana wants to withdraw his explosive “sex slave” lawsuit against the bank and a female supervisor — but the bank is fighting to stop him from unceremoniously dropping his claims. Rana and his legal team must answer for the claims in the lawsuit, which JPMorgan lawyers called “materially false,” according to documents filed last ...

The Services Producer Price Index (All items) rose 3.3 percent from the previous year. The Services Producer Price Index (All items <excluding International transportation>) rose 3.0 percent from the previous year. tables

Japan's economy has recovered moderately, although some weakness has been seen in part, partly due to the impact of the situation in the Middle East. As for the outlook, while higher crude oil prices are likely to exert downward pressure on economic activity, Japan's economy is expected to continue growing moderately, albeit at a decelerated rate, supported by factors such as high levels of corporate profits, as well as the effects of various government measures and progress in securing alternative sources of raw materials. Downside risks to economic activity have decreased, given developments such as robust corporate profits supported mainly by strong AI-related demand, solid wage increases, and progress in various government measures and in securing alternative sources of raw materials. Japan's economy has been developing in line with the baseline scenario presented in the April 2026 Outlook for Economic Activity and Prices, in which the economy is expected to mai Just in | BOJ emphasizes need to remain open to further rate hikes post-June, contingent on economic and price performance aligning with forecasts. Just in | A BOJ member suggests Japan's neutral interest rate is approximately 2% and advocates for gradual rate increases every few months.