News

South Africa Gross Domestic Product (YoY) rose from previous 0.8% to 1.9% in 1Q

Source  Fxstreet1780995774

South Africa Gross Domestic Product (QoQ) rose from previous 0.4% to 0.5% in 1Q

Source  Fxstreet1780995774

Spain 3-Month Letras Auction rose from previous 2.154% to 2.239%

Source  Fxstreet1780995411

Spain 9-Month Letras Auction rose from previous 2.514% to 2.518%

Source  Fxstreet1780995397
Equities: Tech rebounds but breadth weak – Deutsche Bank

Deutsche Bank strategists note that US equities stabilised after Friday’s slump, with the NASDAQ and semiconductor stocks leading the rebound.

Source  Fxstreet1780995289
Swiss Franc: Weakens against Euro on softer Swiss rates – ING

ING’s Chris Turner notes EUR/CHF has drifted back to 0.92 as Swiss rates lag global moves and markets price three European Central Bank (ECB) hikes over the next 10–12 months.

Source  Fxstreet1780994680
Israel issues evacuation order for residents of Lebanese city of Tyre

In Tuesday’s European session, Israeli army’s Arabic-language spokesperson, Avichay Adraee, has issued warning for residents of Lebanese city of Tyre to evacuate immediately ahead of attacks.

Source  Fxstreet1780993799
US May CPI Preview: Rising Inflation May Push Up Fed Rate Hike Expectations, How Will US Stocks, Dollar, Gold React?

TradingKey - The U.S. Bureau of Labor Statistics will release May CPI data at 8:30 AM ET on June 10. This report is the most critical inflation reading ahead of the Federal Reserve's policy meeting on

Source  Tradingkey1780993393
Equities: Tech-led rebound contrasts Asia weakness – Danske Bank

Danske Research Team describes uneven equity performance, with Far East markets dragging global indices lower while US benchmarks rebounded, led by technology and energy. AI-related themes and Iran news, including Oil price moves, remain dominant drivers.

Source  Fxstreet1780992338
Why is the British Pound struggling when the BoE is considering rate hikes?

The British Pound (GBP) is struggling as mounting political uncertainty and deteriorating economic indicators complicate the United Kingdom's outlook.

Source  Fxstreet1780989672
Euro remains stronger against Japanese Yen following German Industrial Production data

EUR/JPY extends its gains for the second successive day, trading around 184.90 during the Asian hours on Tuesday. The currency cross holds gains as the Euro (EUR) remains stronger following the release of Industrial Production and Trade Balance data.

Source  Fxstreet1780989150

Austria Trade Balance: €-563.3M (March) vs previous €342M

Source  Fxstreet1780988415
Russian Ruble: Oil-driven gains seen fading into year-end – Commerzbank

Commerzbank’s Tatha Ghose notes that Russia’s central bank has shifted EUR/RUB pricing to derive from USD/RUB, despite thin hard-currency trading. Recent strength in Oil revenues, with Urals averaging about $90 per barrel in April–May, is currently supporting the Ruble.

Source  Fxstreet1780987762
Euro: Two month low tests against US Dollar as yields swing – Danske Bank

Danske Research Team notes that EUR/USD briefly touched a new two‑month low near 1.1500 at the start of the week before retracing slightly higher. They highlight concurrent V-shaped moves in global yields and modest curve steepening.

Source  Fxstreet1780985531
Germany’s Industrial Production rises 0.4% MoM in April, as expected

Germany’s industrial sector activity rebounds in April, the latest data published by Destatis showed on Tuesday.

Source  Fxstreet1780984938

Germany Industrial Production n.s.a. w.d.a. (YoY) climbed from previous -2.8% to -0.5% in April

Source  Fxstreet1780984878

Germany Imports (MoM) down to 1.2% in April from previous 5.1%

Source  Fxstreet1780984806

Germany Trade Balance s.a. below forecasts (€15B) in April: Actual (€14.5B)

Source  Fxstreet1780984806

Germany Exports (MoM) came in at 0.9%, above expectations (-0.3%) in April

Source  Fxstreet1780984805

Germany Industrial Production s.a. (MoM) in line with forecasts (0.4%) in April

Source  Fxstreet1780984805

Indonesia Bank Indonesia Rate: 5.5% vs 5.25%

Source  Fxstreet1780983818
BoJ sets to raise interest rate to 1.0% at June meeting — Nikkei

The Bank of Japan (BoJ) is widely expected to raise its short-term policy interest rate from 0.75% to 1.0% at its upcoming monetary policy meeting on June 15–16, Nikkei reported on Tuesday.

Source  Fxstreet1780983558
US President Donald Trump says he might have a proposal for Iran agreement within days

US President Donald Trump said that he might have a proposal for an Iran agreement within days, Reuters reported on Tuesday.

Source  Fxstreet1780980627
India Gold price today: Gold steadies, according to FXStreet data

Gold prices remained broadly unchanged in India on Tuesday, according to data compiled by FXStreet.

Source  Fxstreet1780979752

Netherlands, The Consumer Price Index n.s.a (YoY) meets forecasts (3.5%) in May

Source  Fxstreet1780979415

Netherlands, The Consumer Spending Volume up to 1% in April from previous 0.9%

Source  Fxstreet1780979401
Australian Dollar holds gains against Japanese Yen as China’s Trade Balance rises more than expected

The AUD/JPY cross posts modest gains near 112.90 during the Asian trading hours on Tuesday. A larger-than-expected China trade surplus provides some support to the China-proxy Australian Dollar (AUD). Markets are on high alert for foreign exchange intervention from Japanese authorities.

Source  Fxstreet1780975904

China Trade Balance USD came in at $105.43B, above forecasts ($92.1B) in May

Source  Fxstreet1780974296

China Imports (YoY) came in at 27.4%, above forecasts (25%) in May

Source  Fxstreet1780974280

China Exports (YoY) came in at 19.4%, above forecasts (15%) in May

Source  Fxstreet1780974264
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