News

France Budget Balance dipped from previous €-69.6B to €-93.3B in May

Source  Fxstreet1782974701
Australian Dollar: Further RBA hike doubted – Commerzbank

Commerzbank’s Volkmar Baur sees only a 50% market-implied probability for another Reserve Bank of Australia (RBA) hike this year and disagrees with that pricing.

Source  Fxstreet1782973938
Switzerland’ CPI inflation meets expectation in June: What 0.5% means for Swiss Franc

Switzerland’s Consumer Price Index (CPI) rose by 0.5% year-over-year (YoY) in June, compared to a rise of 0.6% in May, the latest data published by the Swiss Federal Statistical Office  showed on Wednesday. The market consensus was for 0.5% growth in the reported period.

Source  Fxstreet1782973894

Switzerland Consumer Price Index (YoY) meets forecasts (0.5%) in June

Source  Fxstreet1782973801

Switzerland Consumer Price Index (MoM) came in at 0% below forecasts (0.1%) in June

Source  Fxstreet1782973800
Japan’s Nagahama expects BoJ to raise interest rates again at the end of the year

Toshihiro Nagahama, a key private-sector member on Japanese Prime Minister Takaichi's Council on Economic and Fiscal Policy, comments on the Bank of Japan’s (BoJ) monetary policy decision.

Source  Fxstreet1782973433
Nonfarm Payrolls set to grow by over 100K in June, reinforcing bets of upcoming Fed rate hikes

The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for June on Thursday at 12:30 GMT. 

Source  Fxstreet1782968400
Japan shifts to ambush intervention tactics against Japanese Yen short sellers — Reuters

Japanese officials are moving away from telegraphing intervention risk and signaling a more targeted campaign to squeeze speculators and raise the cost of betting against the battered Japanese Yen (JPY), Reuters reported on Thursday.

Source  Fxstreet1782967618
Indonesian Rupiah pares losses as soft US data, Fed tone weigh on US Dollar

USD/IDR inches lower after opening at a bullish gap, remaining in the positive territory for the fourth consecutive day, trading around 18,030 during the Asian hours on Thursday.

Source  Fxstreet1782967231
Australian dollar holds ground vs Japanese Yen amid May Trade Deficit

AUD/JPY remains flat after recovering daily losses, trading around 112.10 during the Asian hours on Thursday. The currency cross held its ground as the Australian Dollar (AUD) showed resilience, even after domestic trade data significantly missed market expectations.

Source  Fxstreet1782960664
Australia’s Trade Balance turns negative in May: What 3,018M deficit means for AUD/USD

Australia's Trade Balance shifted to deficit of A$3,018M MoM in May, followed a surplus of A$1,383M in the previous reading (revised from A$1,791M), according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.

Source  Fxstreet1782955958

Australia Trade Balance (MoM) came in at -3018M below forecasts (2200M) in May

Source  Fxstreet1782955952

Australia Exports (MoM) declined to -6.9% in May from previous 7.2%

Source  Fxstreet1782955881

Australia Imports (MoM) increased to 2.6% in May from previous 0.8%

Source  Fxstreet1782955838

Japan Monetary Base (YoY) registered at -13.7%, below expectations (-10%) in June

Source  Fxstreet1782951485

Japan Foreign Investment in Japan Stocks dipped from previous ¥479.4B to ¥-1B in June 26

Source  Fxstreet1782949804
Qatar says US-Iran talks have made ‘positive progress’

Qatar’s Foreign Ministry spokesperson said that “positive progress” was made on issues related to the Memorandum of Understanding (MoU) following separate meeting of Qatari and Pakistani mediators with the US and Iranian delegation in Doha, CNN reported on Wednesday.

Source  Fxstreet1782948591

South Korea Consumer Price Index Growth (MoM) meets forecasts (0.1%) in June

Source  Fxstreet1782946801

South Korea Consumer Price Index Growth (YoY) meets forecasts (3.2%) in June

Source  Fxstreet1782946800
Banxico Survey: Private economists see lower inflation in Mexico

On Wednesday, the Bank of Mexico (Banxico) revealed that private analysts reduced their inflation expectations for the end of 2026, and updated estimates for economic growth, the exchange rate and the level of the interbank lending rate.

Source  Fxstreet1782936642
South Korean Won: Rangebound against US Dollar – Societe Generale

Societe Generale analysts observe that USD/KRW stalled after meeting interim resistance around 1561 in June and now looks set to trade within a range. They see limited evidence of a large decline, with 1530 as initial support on pullbacks.

Source  Fxstreet1782936540
BoC’s Macklem: Inflation is clearly above target

Speaking at a policy panel at the European Central Bank’s (ECB) Forum on Central Banking on Wednesday, Bank of Canada (BoC) Governor Tiff Macklem said that Canada’s economy remains soft, while inflation is still running clearly above target.

Source  Fxstreet1782935951
Thailand: Stable conditions support Thai Baht – Commerzbank

Commerzbank’s Thailand update says May data show broadly stable economic conditions, with exports still supported by global electronics demand but facing risks from US trade policy and regional manufacturing weakness.

Source  Fxstreet1782933720
China: PMIs temper easing expectations – MUFG

Michael Wan at MUFG reports that China’s manufacturing and non-manufacturing PMI data surprised on the upside, easing fears of imminent policy easing.

Source  Fxstreet1782931680
Singapore Dollar: Range-bound trade signals consolidation against US Dollar – UOB

UOB’s Quek Ser Leang notes USD/SGD is consolidating after Monday’s dip, with intraday momentum flat and the pair expected to hold a narrow 1.2925–1.2955 band. On a 1–3 week horizon, the bank keeps a neutral stance, projecting a broader 1.2870–1.2970 range.

Source  Fxstreet1782930195
Kevin Warsh offers no policy clues: Why markets still got their answer

Financial markets came to Sintra looking for clues about the Federal Reserve's (Fed) next move. They largely left with confirmation that Fed Chair Kevin Warsh intends to make those clues much harder to find.

Source  Fxstreet1782923214

Russia Unemployment Rate down to 2.1% in May from previous 2.2%

Source  Fxstreet1782921667
Warsh stays on message as inflation remains the Fed's top priority

At the ECB Forum in Sintra, Fed Chair Kevin Warsh largely followed the script, offering little to change the market’s current view on monetary policy.

Source  Fxstreet1782919564
Colombia: Hawkish BanRep tightening bias – Societe Generale

Societe Generale’s Dev Ashish notes that Banco de la República delivered a larger-than-expected 75bp hike to 12%, reinforcing a restrictive stance as inflation and expectations stay well above target.

Source  Fxstreet1782918215
India: Nowcast points to slower expansion – DBS

DBS' Senior Economist Radhika Rao with data support from Daisy Sharma, highlights that India’s real Gross Domestic Product (GDP) grew 7.8% year-on-year in 1Q26, slightly below the revised 8.0% in 3QFY26.

Source  Fxstreet1782917572
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