Forex News

The Australian dollar enters Q3 with the market's focus shifting away from geopolitics and back towards monetary policy and economic data. The Middle East conflict failed to become the sustained macro driver many feared, oil prices have retreated, and traders are once again weighing the relative outlook for the RBA and Fed. That shift comes at an awkward ...

We’re taught from a young age that money is whatever the government prints on paper or mints in metal. But if you take a peek at the past, you’ll find that currency is actually a much more flexible concept. From the local bank vault to the back of the pantry, people have used everything from wheels of cheese to blocks of compressed tea to settle their ...

European Central Bank (ECB) executive board member Isabel Schnabel on Thursday suggested the bank was likely to continue raising key interest rates in a bid to bring down inflation, after having hiked rates for the first time since 2023 earlier this month in response to the Iran war. "To bring inflation back to our target of 2% in the medium term, we will, ...

Austan Goolsbee, president and CEO of the Chicago Fed, will participate in a fireside chat at the Chicago Council on Global Affairs Global Economy Dialogue Series event at 5:30 pm CT on June 25, 2026, in Chicago, Illinois. The discussion will be moderated by Brent Neiman, Edward Eagle Brown Professor of Economics at the University of Chicago Booth School of ...

New York Fed President John Williams said the current stance of monetary policy is well positioned to restore inflation back to the Federal Reserve’s 2% goal, while acknowledging risks to its dual mandate remain. “Given the elevated level of inflation, it is imperative that we restore it to our 2% longer-run goal on a sustained basis. The current stance of ...

Japan, the world’s fourth-largest economy, faces a convergence of resource and monetary risks that could have major implications in both the short and long term.

Near the end of the trading week, one of the most relevant moves in the FX market has been the Japanese yen’s neutrality, even after the release of the US PCE inflation data. After the data was published, USD/JPY did not register a significant move, with price action staying close to 0.05%, reinforcing a phase of short-term indecision. This behavior ...

Austan Goolsbee, Chicago Fed president, joins 'Power Lunch' to discuss the Fed President's read on inflation, the latest Fed meeting and much more.

FED'S WILLIAMS: EXPECT INFLATION TO MODERATE TO 3.5% THIS YEAR ... FED'S WILLIAMS PUSHES BACK 2% INFLATION TIMELINE TO 2028 FROM 2027 The New York Fed president said it is "imperative" the Fed get inflation back to its 2% target and reiterated that monetary policy is "well positioned" for the current economy. He expects inflation to moderate to… Just in | Fed's Williams: Early resolution of Middle East conflicts could ease inflationary pressures.

Iranian authorities ordered at least three oil tankers transiting the Strait of Hormuz to turn back, and two additional ships appeared to reverse course as well, maritime intelligence company Windward said Thursday. According to Windward, an Iranian radio transmission warned all vessels in the area that any crossing without identification signals or Iranian ...

The U.S. dollar is losing momentum as falling oil prices ease inflation concerns and Treasury yields retreat. Markets have scaled back expectations for further Federal Reserve rate hikes this year, while comments from ECB and Bank of Japan officials are helping rival currencies regain ground. Stock indices are pulling back as investors question whether the ...

Just in | Fed's Goolsbee on CNBC: Uncertainty Remains on Inflation's Persistence. Fed's Goolsbee: The PCE report wasn't all negative. Saw a little bit of improvement on services. Just in | Fed's Goolsbee expresses skepticism about forward guidance, emphasizing a cautious approach to long-term forecasts while acknowledging the value of the dot plot.

Iran Attacks Cargo Ship, Testing Trump’s Deal To Reopen Strait – WSJ

The U.S. economy has seen solid growth momentum and inflation was expected to reach the Federal Reserve's 2% target by the end of 2027, the International Monetary Fund said on Thursday. IMF spokeswoman Julie Kozack told a regular news briefing that the Fed last week appropriately decided to hold its key policy interest rate, and welcomed the strong ...

cTrader has been recognised as Best Mobile Trading App at UF AWARDS GLOBAL 2026, held as part of iFX EXPO International 2026 (16–18 June, Limassol). The award confirms cTrader Mobile's standing as a benchmark for mobile trading in FX/CFD. Available in every app store across the globe, it is highly valued among traders for such capabilities as advanced take ...

The Federal Reserve's preferred inflation gauge showed prices heated up to the highest level in three years, likely keeping the central bank holding interest rates steady with an eye toward hiking if inflation doesn't dissipate. The Personal Consumption Expenditures index rose 4.1% in May, in line with expectations, and up from 3.8% in April. Month over ...

The US is trying to find a solution . There are some modest bids in oil creeping in after an Al Arabiya report on negotiations between Israel and Lebanon. The report says negotiations have hit a dead on because Israel is insisting on maintaining occupation of southern Lebanon. They want a buffer zone and the ability to operate freely within it. The US side ...

Today’s largest reserve holders were shaped by a crisis that happened nearly three decades ago. After the 1997 Asian Financial Crisis exposed the risks of relying on foreign capital during market turmoil, many governments began building massive foreign exchange reserves as a form of economic self-insurance. Using data from the IMF’s International Reserves ...

*IRAN PROPOSES CHARGING FEES IN HORMUZ WITH GULF NEIGHBORS: WSJ *IRAN ESTIMATES $40B A YEAR IN REVENUE FROM HORMUZ: WSJ IRAN PITCHED PLAN TO CHARGE IN STRAIT AS FAR AS BEIJING - WSJ TEHRAN PITCHING IDEA TO THE MIDDLE EAST AND BEIJING - WSJ ANY SERVICE FEES LEVIED BY IRAN WOULD NEED OK BY IMO - WSJ

Working gas in storage across the United States stood at 2,835 billion cubic feet in the week ending June 19, the Energy Information Administration (EIA) revealed in its report released on Thursday. The figure marks a net increase of 76 billion cubic feet compared to the week before. On an annual level, the figure declined by 49 billion cubic feet. ...

Iraq's oil ministry on Thursday denied reports that Baghdad had considered leaving Opec, saying claims of a possible withdrawal "do not reflect the official position" of the government. Neither prime minister Ali al-Zaidi nor the government had proposed leaving, the ministry said. The clarification follows reports claiming Iraq had weighed exiting the group ...

Fed’s Cook Ruling Likely Next Week As SCOTUS Finishes Opinions Supreme Court: Monday will be the next opinion day

The Personal Consumption Expenditures index — the Federal Reserve's preferred inflation measure — rose at a 4.1% annual rate in May, highlighting the central bank's challenge in reining in prices. The reading matched economists' forecasts for the PCE report to come in at 4.1% annually, according to financial data service FactSet. That compares with an ...

The Conference Board Leading Economic Index®(LEI) for China ticked down by 0.1% in May 2026 to 148.8 (2016=100), after declining by 0.9% in April. As a result, the LEI contracted by 1.4% over the six-month period from November 2025 to May 2026, a slightly smaller rate of decline compared to the 1.9% contraction over the previous six-month period between May ...

US inflation increased further in May, breaking above 4.0 percent for the first time in three years as the Middle East conflict boosted energy prices, and potentially drawing the Federal Reserve closer to raising interest rates this year. The personal consumption expenditures price index surged 4.1 percent in the 12 months through May, the largest increase ...

Durable Goods Orders in the United States (US) declined by 4.5%, or $15.6 billion, in May to $332.1 billion, the US Census Bureau reported on Thursday. This reading followed the 8.5% increase recorded in April and came in line with the market expectation. "Excluding transportation, new orders increased 1.3 percent," the press releases noted. "Excluding ...

Personal income increased $181.6 billion (0.7 percent at a monthly rate) in May, according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI)—personal income less personal current taxes—increased $164.9 billion (0.7 percent), and personal consumption expenditures (PCE) increased $156.1 billion (0.7 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $159.9 billion in May. Personal saving was $704.2 billion in May, and the personal saving rate—personal saving as a percentage of DPI—was 3.0 percent. The increase in current-dollar personal income in May primarily reflected increases in farm proprietors’ income and compensation. The $156.1 billion increase in current-dollar PCE in May reflected increases of $94.3 billion in spending on services and $61.8 billion in spending on goods. Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows The Federal Reserve’s primary price gauge rose at its highest core level since 2023, reinforcing the central bank’s recent tough talk on inflation. The personal consumption expenditures price index showed inflation running at a seasonally adjusted 4.1% annual rate, the highest since April 2023, according to a Commerce Department report Thursday. On a monthly basis, PCE accelerated 0.4%. The annual level was in line with the Dow Jones consensus estimate while the monthly reading was 0.1 percentage point below. Stripping out food and energy, core PCE showed a 3.4% annual rate after rising 0.3% for the month, both in line with consensus. The core reading was the highest since October 2023. Core PCE was 0.32% in May, on the low side of expectations but still the fourth highest monthly print in the last 12 months (3.9% annualized) The 12-month change, at 3.4%, is the highest reading since Oct. 2023. The 6-month annualized rate is above 4%. pic.twitter.com/Y5lHnFzbBM

Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the first quarter of 2026 (January, February, and March), according to the third estimate released today by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2025, real GDP increased 0.5 percent. Real GDP was revised up 0.5 percentage point from the second estimate, ...

In the week ending June 20, the advance figure for seasonally adjusted initial claims was 215,000, a decrease of 12,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 226,000 to 227,000. The 4-week moving average was 224,250, an increase of 750 from the previous week's revised average. The previous week's ...

The strong dollar advance seen in recent days is consolidating today. The G10 currencies are trading in narrow ranges. Most of them are +/- 0.1%. The New Zealand dollar and Norwegian krone are off a little more. The Canadian dollar is threatening to extend its losing streak for the 11th consecutive session. The greenback crept closer to JPY162 while ...