Forex News

Iran on Friday claimed it had targeted U.S. military forces in Syria and Bahrain, widening its attacks in the region as the U.S. completed its sixth consecutive night of strikes on the Islamic Republic. The escalating standoff comes as the fragile truce signed by the U.S. and Iran last month showed further signs of unravelling. The interim agreement was ...

Following softer-than-expected U.S. inflation data this week, the market now prices in just a 10% chance of the Federal Reserve hiking rates this month. The AUD/USD currency pair consolidated Friday following recent gains this week, boosted by tamer-than-expected U.S. inflation readings that significantly reduced the chances of a July rate hike. Bullish ...

Japanese Prime Minister Sanae Takaichi said on Friday the government will pursue steps that encourage investment in domestic financial assets by households and state pension funds including Government Pension Investment Fund (GPIF). Under law, investments by state pension funds must be conducted exclusively for the benefit of those insured and, from a ...

The euro area annual inflation rate was 2.8% in June 2026, down from 3.2% in May. A year earlier, the rate was 2.0%. European Union annual inflation was 2.9% in June 2026, down from 3.3% in May. A year earlier, the rate was 2.3%. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in ...

BoJ to keep rate unchanged at July meeting - Kyodo

UKMTO, gets report of incident in the Arabian Gulf: Tanker was subject to interactions with military forces

Current account recorded €25 billion surplus in May 2026, up from €17 billion in previous month Current account surplus amounted to €272 billion (1.7% of euro area GDP) in the 12 months to May 2026, down from €318 billion (2.0%) one year earlier In financial account, euro area residents' net acquisitions of non-euro area portfolio investment securities ...

The dollar held steady on ​Friday but was poised for a weekly decline as a softer-than-expected U.S. inflation report this week led traders to cut bets on imminent rate hikes from the Federal Reserve, although escalating attacks in the Middle East soured sentiment. Iran and the United States exchanged intensifying fire in a week-long escalation that has ...

Japan’s Prime Minister Takaichi says the government will promote investment in domestic financial assets, including by households and pension funds like GPIF. TAKAICHI: ENCOURAGING GPIF INVESTMENT IN JAPAN ASSETS IS KEY TAKAICHI: GPIF INVESTING IN DOMESTIC ASSETS WOULD HELP ECONOMY

Japan’s Finance Minister says monetary policy remains the responsibility of the BOJ. Japan’s Finance Minister Katayama says rates are set by market movements.

Iran's IRGC: We targeted US maritime surveillance radar in Oman - State media

China’s Foreign Minister says all parties should abide by the ceasefire MOU and fulfill their stated commitments, the ministry statement says.

Yesterday, the Swiss National Bank published its summary of the discussions at its June monetary policy assessment. I remain impressed by these summaries. They strike a good balance between transparency and detail, conveying the Governing Board’s thinking without overwhelming the reader. The summary contains several interesting signals about how the SNB ...

Iranian Revolutionary Guard: Not a single drop of oil or gas will be exported from the region as long as the American aggressions continue

Kevin Warsh is a man of catchphrases: task force, first principles, a good family fight. Catchphrases can be useful if we all attach the same meaning to them. Two days of hearings before Congress this week clarified that when Warsh commits to “price stability,” he attaches a different meaning to it than the rest of the Fed does. When I read “the Committee ...

Oil prices inched higher on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi movement to stand ready to shut the Red Sea export route. Brent crude futures rose $1.05, or about 1.25 per cent, to $85.28 a barrel by 0118 GMT, and U.S. West ...

The Virginia estate where a 2-year-old Thomas Jefferson first learned to read is up for grabs — and it will cost a buyer $17 million to own a slice of the third president’s earliest memories. Historic Tuckahoe, a 557-acre spread hugging the James River along the Goochland-Henrico county line, has come up for sale for the first time in nearly 100 years. ...

Canada’s economy is showing signs of resilience as policymakers navigate geopolitical uncertainty and a shifting inflation picture. BNN Bloomberg spoke with Christine Tan, portfolio manager at SLGI Asset Management, about the Bank of Canada’s latest decision, energy prices, U.S. bank earnings and the economic effects of AI spending. Oil prices, as we just ...

Trump claims the U.S. is "winning big" in Iran and says the outcomes of ongoing efforts will become clear shortly.

The White House

USD/CHF is entering a decisive phase after spending nearly a month unable to clear a major technical barrier. Although the January uptrend remains constructive, repeated rejection from the same zone has increased the risk that momentum begins to fade unless buyers force a convincing breakout. With price still holding above rising trend support and ...

Japan Finance Minister Katayama said the government stands ready to take appropriate action if required to address currency market moves.

President Trump's media company will sell faster access to Truth Social posts, where the president often announces policy updates and market-moving news. Trump Media & Technology Group announced Thursday it will launch a Truth API data feed for Wall Street that provides "real-time access to posts from the highest-ranking Truth Social accounts." It's ...

Global oil demand could decrease for the first time since 2020, following months of oil trade restrictions in the Middle East and ongoing geopolitical turmoil, the International Energy Agency (IEA) said on 10th July. This expectation is echoed in OPEC's most recent 2026 global oil demand growth forecast. The global demand for oil is expected to fall by ...

Fed's Jefferson: If inflation fails to ease, revisiting policy stance may be necessary to maintain price stability Fed's Jefferson: Current policy positioned to respond based on incoming data, evolving outlook and risk balance

Thank you for the kind introduction. I am delighted to be here at Stanford University today to discuss a topic that is central to the Federal Reserve's work: how policymakers analyze and respond to economic shocks in real time. The economy is constantly experiencing shocks that change economic conditions and that policymakers must consider. Today, I will ...

Gold futures saw a daily close below 4,000 for the first time since October on Thursday. And it didn’t take much of a rise in the US dollar for gold bears to enjoy their breakout. The US dollar index rose just 0.17%, recouping less than a third of the losses accumulated over the previous two days. I had already noted that gold appeared vulnerable to a break ...

The following table sets out the key percentage changes in monthly and annual prices. We compare June 2026 with May 2026 for the monthly percentage change, and June 2026 with June 2025 for the annual percentage change. tables The stock and flow measures of rental property prices for April, May, and June 2026 months are now final. Since the publication of ...

The United States’ top trade official says the Trump administration isn’t going to give Canada credit for its trade concessions. Jamieson Greer says he’s glad Canada dropped its digital services tax and “rolled back” its Online Streaming Act but they “don’t really get credit for doing something bad and then undoing it.” Prime Minister Mark Carney took those ...

The Pound strengthened on Friday after stronger-than-expected UK GDP data prompted economists to upgrade their growth forecasts, reinforcing the view that the economy has proved more resilient than recent business surveys suggested. The Pound to Dollar exchange rate (GBP/USD) traded around 1.35, while the Pound to Euro exchange rate (GBP/EUR) held close to ...