Forex News

The three key themes emerging from this year's ECB Forum in Sintra were: • Greater flexibility in monetary policymaking, with central banks placing less emphasis on forward guidance and more emphasis on communicating the framework underpinning policy decisions. • The uncertain implications of AI, which has the potential to reshape productivity and labour ...

On the surface, a June drop in the unemployment rate helped provide some upside to what was an otherwise downbeat jobs report — but it was for all the wrong reasons. That’s because the decline in the jobless level to 4.2%, the lowest in a year, came largely from an exodus of workers from the labor force, according to the Bureau of Labor Statistics data ...

Federal Reserve Chair Kevin Warsh said on Wednesday he will stick to the central bank's 2% inflation target and will "disappoint" anyone expecting otherwise, speaking at the European Central Bank's annual forum. Warsh reiterated the Fed's commitment to price stability while noting that inflation risks have come down in recent weeks alongside softer ...

A new Citi Research report from a team led by Chief China Economist Xiangrong Yu explores how AI has become the defining force shaping China’s K-shaped economy and looks at the divergence between the new economy — the strong leg of the K — and the weaker leg that represents traditional sectors. These fault lines, in our view, are being deepened by the AI ...

The latest RatingDog PMI® survey data showed that Chinese service sector activity continued to rise solidly in June, as did inflows of new work. Companies increased their charges for the first time in four months and at the strongest rate in over two years as pricing power improved. Meanwhile, cost pressures eased since May. The headline RatingDog China ...

Japan finance minister Katayama: ready to act appropriately on currency fluctuations Japan’s Finance Minister Katayama declined to comment on particular foreign exchange levels. Japan’s Finance Minister Katayama says authorities are working closely with the U.S. on foreign exchange, including during the U.S. holiday period. Japan finance minister Katayama: expect BoJ to implement suitable monetary policy in coordination with government

Bank of England policymaker Catherine Mann said an “activist move” could be required if inflation expectations and realised outcomes shift in a way that is unfavourable to the underlying inflation process, according to a speech text released ahead of an event hosted by Natixis. She argued such action could help steer expectations and inflation back towards ...

The US job market stumbled in June and wasn’t quite as solid as previously believed over the prior two months. The result drove down shorter-term US Treasury yields and reduced OIS contract pricing for hikes with the September contract now down 10bps from the full hike pricing back on September 22nd. Payrolls increased by 57k in June which was close to my ...

The bellwether S&P 500 rose this week and still went nowhere, churning near the middle of the range that has boxed it in since May. The chart may be tracing out a diamond top — an uncommon reversal pattern that, if it breaks, would project a decline toward roughly 6900. There is no break yet, only chop. What makes the stall telling is that the backdrop ...

At the start of the last Premier League season, eleven clubs ran out with a gambling company's logo on the front of their shirt. As the next campaign approaches, every one of those clubs needs a new partner. At the same time, the Financial Conduct Authority (FCA) has sent a formal letter to Premier League clubs warning that a growing number of their ...

The US Dollar breakout is facing its biggest test yet after a sharp rally from the May lows carried DXY into long-term downtrend resistance. The advance has strengthened the broader technical outlook, but price is beginning to stall at a major inflection zone as softer-than-expected U.S. jobs data trims expectations for near-term Fed tightening. With the ...

TRUMP: I'VE BEEN THE BEST PRESIDENT IN THE HISTORY OF ISRAEL *TRUMP: IRAN HAS SOME MISSILES LEFT, WE COULD WIPE THOSE OUT TRUMP ON IRAN: I THINK THEY HAVE AGREED TO JUST ABOUT EVERYTHING WE NEED - RTRS *TRUMP REITERATES PLAN TO USE IRANIAN FUNDS FOR FOOD PURCHASES

TRUMP: FED'S WARSH HAS A BOARD THAT IS A LITTLE BIT HOSTILE TRUMP: SUPREME COURT REJECTION OF BID TO FIRE FED'S COOK COULD STILL BE OVERTURNED BY WINNING THE CASE; NOTES FED'S WARSH HAS A SOMEWHAT HOSTILE BOARD *TRUMP: I DON'T DO ANYTHING HAVING TO DO WITH MY BUSINESSES *TRUMP: MY KIDS RUN MY BUSINESS, I'M NOT INVOLVED *TRUMP: I LET PEOPLE INVEST MY MONEY, I DON'T KNOW WHO THEY ARE TRUMP ON AI: GUARDRAILS NEEDED BUT AS FEW AS POSSIBLE; CHINA ALSO REQUIRES SOME GUARDRAILS; U.S. MUST BE NUMBER ONE IN CRYPTO AND AI; TOUTS GAINS FROM U.S. STAKE IN INTEL *TRUMP ON IRAN: THIS IS DENUCLEARIZATION, NOT WAR

The US dollar, already at a one-year high, may be on the cusp of a renewed yield advantage as the Fed amplifies signals of a rate hike by year-end. Is this the beginning of a sustained dollar rally?

Taylor Swift and Travis Kelce have donated $26 million to various charities across the United States this week, Page Six is told. In the days leading up to their highly anticipated wedding, which is set to take place Friday at New York City’s Madison Square Garden, the couple decided to give back in a big way. Swift and Kelce — who together are reportedly ...

As the trading week approaches its close, gold is showing a relevant short-term recovery. XAU/USD is up more than 2.00% and is trading back above the 4,000 dollars per ounce area, supported by a weaker US dollar after the NFP release. For now, this move has allowed gold to recover ground, especially as substitute assets, such as the dollar, show signs of ...

MetroTrade, the Chicago-based futures brokerage, announced yesterday (Wednesday) that it has launched options on futures trading on its MetroTrader platform, giving clients access to CME-listed contracts alongside its existing futures offering. The move lets traders manage both product types from a single account interface, a structure the company says ...

The luster fell a bit off the employment rose in June with nonfarm payrolls rising 57,000 against expectations of a 115,000 increase, according to today’s report from the Bureau of Labor Statistics. Moreover, the increases previously reported for April and May were revised down by a total of 74,000. Upon revision, payrolls increased 148,000 in April versus ...

After plunging to a fresh 40 year low overnight, the yen strengthened sharply against the dollar amid rising speculation that the currency’s continued weakness may prompt a fresh round of intervention by Japan. The yen then surged again after the June US jobs report showed a much weaker picture than expected. But let's focus on the first, more unexplained ...

USDCHF is trading around 0.8088 at the moment of writing, pulling back from the one-year high near 0.8139 touched on June 24 as the dollar’s bid weakens. Even so, the franc remains roughly 6.3% weaker against the dollar than the lows touched in January 2026 Despite this year’s wobble, the franc remains one of the world’s genuinely strong currencies: at its ...

ECB's President Lagarde: I'm certain ECB made right choice raising rates in June. LAGARDE: SECOND ROUND EFFECTS NOT MATERIALIZED TODAY ECB's Lagarde: The supply shock is spreading through the economy. LAGARDE SAYS MAJORITY OF POLICYMAKERS WERE READY TO HIKE IN APRIL ...

The ECB’s Forum at Sintra has become one of the key events for forex markets, and a lot happened over the last few days that could drive currency markets not just this week, but through the rest of the year. Having so many heads of major central banks at the same venue discussing monetary policy is a fantastic opportunity to compare their outlooks on rates. ...

As I think about my recent policy decisions, my assessment has evolved with incoming data and ongoing research. At the start of this year, moderation in price and wage growth, alongside slowing activity, had brought me closer to considering a reduction in Bank Rate. However, since the onset of the conflict in the Middle East, the reemergence of the ...

US dangles rewards for opening the Strait of Hormuz. Iran isn't budging. - WSJ

The June US jobs report led with a softer-than-expected non-farm payroll growth number of 57,000 (consensus 113k) with 74,000 downward revisions to the past two months. The unemployment rate dipped to 4.2% from 4.3%, but this was primarily caused by a big drop in the participation rate to 61.5% from 61.8% – ie not a good reason since it highlights worker ...

Africa's trading market continues to attract new participants as fintech adoption rises and access to financial services improves across the continent. At the Finance Magnates Africa Summit 2026, Adam Button sat down with Kabelo Mathapo, Business Development Manager at Vantage Markets South Africa, to discuss what is driving this growth, how trader ...

KEY EUROPEAN NATIONS ACCEPT HORMUZ STRAIT FEES ARE INEVITABLE

The dollar fell noticeably in the wake of U.S. nonfarm payroll numbers that landed at 57K, almost half the 110K figure the market was watching. The unemployment rate fell slightly to 4.2% from 4.3% previously, while hourly earnings were relatively steady at 3.5%, up from 3.4% last month. Foreign exchange markets were primed for a strong print following ...

Canada’s manufacturing sector remained in growth territory during June, expanding for a third month in a row on the back of rising production and new orders. In response, employment numbers were increased to the greatest degree since October 2024, and firms chose to raise their purchasing activity again – although this was partly to protect against supply ...

A cooler reading on payrolls in June, which broke a three-month hot streak, is still likely to keep Federal Reserve officials' full attention on inflation and extend the interest rate pause, while preserving the hawks' case for potential rate hikes later this year. The US economy added 57,000 jobs in June, fewer than expectations for 113,000 and down ...