News

US Dollar Index weakens below 101.50 after US PCE inflation as Fed rate hike odds fade

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.40 during the early European trading hours on Friday.

Source  Fxstreet1782456999
Forex Today: Global tech selloff weighs on market mood

Here is what you need to know on Friday, June 26:

Source  Fxstreet1782456594
Equities: Rotation persists with strong macro backdrop – Danske Bank

Danske Research Team highlights ongoing sector and regional rotation in global equities, with European and Asian stocks advancing while US equities slipped.

Source  Fxstreet1782456264

Sweden Producer Price Index (YoY) rose from previous 4.7% to 6.6% in May

Source  Fxstreet1782453605

Sweden Producer Price Index (MoM) increased to 1.3% in May from previous 1.1%

Source  Fxstreet1782453604

Singapore Industrial Production (YoY) below forecasts (17%) in May: Actual (13%)

Source  Fxstreet1782450001

Singapore Industrial Production (MoM) came in at -0.7% below forecasts (2%) in May

Source  Fxstreet1782450001
AUD/JPY Price Forecast: Extends bearish spell below 111.50 as downside bias persists

The AUD/JPY cross trades in negative territory around 111.25 during the early European trading hours on Friday.

Source  Fxstreet1782447038
Indonesian Rupiah holds losses as US Dollar receives support from Fed hike bets

USD/IDR inches lower after opening at a bullish gap, remaining in the positive territory and trading around 18,000 during the Asian hours on Friday. The pair holds gains as the US Dollar (USD) finds support from growing expectations of a Federal Reserve (Fed) rate hike.

Source  Fxstreet1782447007
Asian stock markets plummet as Apple price hike raises inflation concerns, KOSPI dives over 8%

Asian equity markets on Friday are significantly down as price hikes announced by Apple Inc. due to memory chip shortages have prompted fears of high inflation globally and concerns on earning projections of various companies that rely on these sophisticated chips for their final products.

Source  Fxstreet1782444699
United States Dollar Index advances on Fed rate cut bets

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, pares its recent losses from the previous day and is trading around 101.50 during the Asian hours on Friday.

Source  Fxstreet1782440178
WTI holds gains near $71.50 after cargo vessel hits near Oman

West Texas Intermediate (WTI) gains ground for the second successive day, trading around $71.50 per barrel during the Asian hours on Friday.

Source  Fxstreet1782435397

Australia National Australia Bank's Business Confidence (QoQ) dipped from previous -4 to -19 in 2Q

Source  Fxstreet1782430603

Japan Tokyo CPI ex Food, Energy (YoY) up to 1.9% in June from previous 1.6%

Source  Fxstreet1782430331
Japan’s Tokyo CPI inflation rises in June: What 1.7% means for Japanese Yen

The headline Tokyo Consumer Price Index (CPI) for June rose 1.7% YoY as compared to 1.4% in the previous month, the Statistics Bureau of Japan showed on Friday.

Source  Fxstreet1782430249

Japan Tokyo CPI ex Fresh Food (YoY) meets expectations (1.6%) in June

Source  Fxstreet1782430204

Japan Tokyo Consumer Price Index (YoY) increased to 1.7% in June from previous 1.4%

Source  Fxstreet1782430203
Fed’s Williams: “Imperative” to return inflation to 2% target

Federal Reserve (Fed) Bank of New York President John Williams said in a speech released by text on Thursday that monetary policy remains “well positioned” for the current economy, while warning that inflation may take longer to return to the Fed’s 2% target than previously expected.

Source  Fxstreet1782418726
Chinese Yuan: Weakness extends after breakout against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight a sharp USD/CNH spike to 6.8195, now seen consolidating between 6.8030 and 6.8185 on an intraday basis after an overdone rise.

Source  Fxstreet1782416700
Fed’s Goolsbee: “Inflation side of mandate is clearly the problem”

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Thursday that inflation remains the central challenge for policymakers, warning that price pressure is still moving in the wrong direction despite some signs of improvement in services.

Source  Fxstreet1782415687
Banxico leaves interest rates unchanged at 6.50% as expected

The Bank of Mexico held its main reference rate unchanged at 6.50% as expected, unanimously, yet kept the balance of risks of inflation tilted to the upside…

Source  Fxstreet1782414144

Mexico Banxico Interest Rate Decision in line with forecasts (6.5%)

Source  Fxstreet1782414002
Thailand: BoT steady stance backs fragile growth – DBS

DBS Group Research economist Chua Han Teng expects the Bank of Thailand (BoT) to keep its policy rate unchanged at 1.00% through 2026, after a second consecutive on-hold decision.

Source  Fxstreet1782411780
Singapore Dollar: Weakens against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a constructive view on USD/SGD after the pair briefly touched 1.2991 before closing near 1.2980.

Source  Fxstreet1782407460

United States 7-Year Note Auction down to 4.26% from previous 4.29%

Source  Fxstreet1782407039

United States 4-Week Bill Auction rose from previous 3.58% to 3.61%

Source  Fxstreet1782401693
Thai Baht: Long policy hold supports fragile recovery – UOB

UOB economists Enrico Tanuwidjaja and Sathit Talaengsatya note that the Bank of Thailand (BoT) kept its policy rate at 1.00% and is expected to hold this level through 2027.

Source  Fxstreet1782401379
Equities: Micron earnings lift Korean equities – MUFG

MUFG highlights that strong earnings guidance from Micron Technology, a key AI memory supplier, has boosted sentiment in AI and tech stocks.

Source  Fxstreet1782400368

United States Kansas Fed Manufacturing Activity climbed from previous 9 to 19 in June

Source  Fxstreet1782399736
US May PCE Rises to 4.1% YoY, Hitting New High Since March 2023. Fed Rate Hike Expectations for the Year Heat Up

TradingKey - On Thursday Eastern Time, May inflation data released by the U.S. Bureau of Economic Analysis (BEA) showed that the year-over-year PCE price index was 4.1% in May, in line with market exp

Source  Tradingkey1782398761
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