News

United States Goods Trade Balance declined to $-105.89B in May from previous $-105.8B

Source  Fxstreet1783429960
Bank of Canada: Policy seen on hold through 2026 – RBC

Royal Bank of Canada (RBC) economist Claire Fan notes that the Q2 2026 Bank of Canada Business Outlook Survey showed resilient sales and investment expectations despite earlier Oil price shocks.

Source  Fxstreet1783429491
Polish Zloty: Dovish NBP tone risks downside – ING

ING economists Rafal Benecki and Adam Antoniak argue that reduced prospects of further tightening by the European Central Bank (ECB) and Federal Reserve (Fed) should ease external pressure on the Zloty.

Source  Fxstreet1783428944

United States Redbook Index (YoY): 11.5% (July 3) vs 10.5%

Source  Fxstreet1783428900

United States Goods and Services Trade Balance above expectations ($-78B) in May: Actual ($-77.6B)

Source  Fxstreet1783427403

Canada Exports up to $77.1B in May from previous $75.16B

Source  Fxstreet1783427402

Canada International Merchandise Trade registered at $4.24B above expectations ($2.7B) in May

Source  Fxstreet1783427402

Canada Imports climbed from previous $72.44B to $72.86B in May

Source  Fxstreet1783427402
US ADP Employment Change 4-week average drops to 20K

Private-sector hiring in the US has further cooled in late June. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 20K jobs per week in the four weeks ending June 20.

Source  Fxstreet1783426768

United States ADP Employment Change 4-week average down to 21K in June 13 from previous 30.75K

Source  Fxstreet1783426591
Hungarian Forint: Dovish inflation path supports more cuts – ING

Frantisek Taborsky at ING highlights Hungarian inflation falling to 1.7%, below market and National Bank of Hungary (NBH) forecasts, cementing rate cuts in July and August. Markets price around 150bp of easing and a 4.50% terminal rate, with scope for additional cuts.

Source  Fxstreet1783423705
Federal Reserve: Trimmed inflation guides rate outlook – Rabobank

RaboResearch Global Economics & Markets discusses how the Federal Reserve’s new task force on inflation frameworks under Chair Warsh may elevate trimmed inflation in policy decisions.

Source  Fxstreet1783418354
European Central Bank: Cautious path to further hike – BNP Paribas

BNP Paribas analysts assess recent European Central Bank (ECB) communication from Sintra, highlighting Christine Lagarde’s cautious stance and shift toward “framework guidance” in a volatile environment.

Source  Fxstreet1783417835

Singapore Foreign Reserves (MoM) declined to 426.2B in June from previous 430.1B

Source  Fxstreet1783414991
Hungarian Forint: Dovish inflation path supports more cuts – ING

Frantisek Taborsky at ING highlights Hungarian inflation falling to 1.7%, below market and National Bank of Hungary (NBH) forecasts, cementing rate cuts in July and August. Markets price around 150bp of easing and a 4.50% terminal rate, with scope for additional cuts.

Source  Fxstreet1783414792

Spain 12-Month Letras Auction: 2.5% vs previous 2.543%

Source  Fxstreet1783413627

Spain 6-Month Letras Auction climbed from previous 2.376% to 2.385%

Source  Fxstreet1783413621

China Foreign Exchange Reserves (MoM) came in at $3.416T, below expectations ($3.44T) in June

Source  Fxstreet1783411389
Euro: Le Pen ruling seen as low impact – ING

Francesco Pesole at ING argues that Marine Le Pen’s eligibility ruling matters more for French politics than markets, as investors have largely priced in a National Rally (RN) victory under Le Pen or Bardella with fiscal prudence.

Source  Fxstreet1783410790
ECB's Panetta: Strait of Hormuz governance is still uncertain

European Central Bank (ECB) policymaker and Governor of the Bank of Italy, Fabio Panetta, said during the European trading session on Tuesday that upside risks to inflation in the Eurozone economy remain intact, as the governance of the Strait of Hormuz, a critical chokepoint to almost 20% of global

Source  Fxstreet1783410308
Iran’s Foreign Minister Araghchi warns against US threats

Iran’s Foreign Minister Abbas Araghchi has warned through a post on X, formerly known as Twitter, that the deal with United States (US) could be hampered if the nation continues with its threats. “Negotiations on a final deal will not commence if threats continue.

Source  Fxstreet1783409331
Federal Reserve: New communication risks under Warsh – BNY

BNY Markets’ John Velis and David Tam examine upcoming Federal Open Market Committee (FOMC) minutes from Kevin Warsh’s first meeting as Chair.

Source  Fxstreet1783408229

Switzerland Foreign Currency Reserves rose from previous 711B to 759B in June

Source  Fxstreet1783407742

Austria Wholesale Prices n.s.a (MoM) declined to -0.7% in June from previous 0.1%

Source  Fxstreet1783407691

Austria Wholesale Prices n.s.a (YoY) declined to 5.4% in June from previous 6.9%

Source  Fxstreet1783407682

France Trade Balance EUR came in at €-6.9B, below expectations (€-5.2B) in May

Source  Fxstreet1783406701

France Imports, EUR climbed from previous €60.225B to €60.5B in May

Source  Fxstreet1783406701

France Exports, EUR dipped from previous €54.585B to €53.6B in May

Source  Fxstreet1783406701
Equities: Semiconductor bounce looks fragile – Deutsche Bank

Deutsche Bank strategists note that the S&P 500 reached a three-week high as chip stocks rebounded, led by gains in the Philly semiconductor index and Broadcom after its expanded Apple partnership.

Source  Fxstreet1783406304

Germany Industrial Production n.s.a. w.d.a. (YoY) climbed from previous -0.5% to 0.1% in May

Source  Fxstreet1783405457
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