News

Fed: Warsh signals tighter path – Deutsche Bank

Deutsche Bank strategists report that after a hawkish Federal Open Market Committee (FOMC) under new Chair Kevin Warsh, they now forecast two 25 bps Fed hikes in 2026, likely in September and December, taking the fed funds rate to around 4.1%.

Source  Fxstreet1782127096
Brent: Talks ease supply risk – Deutsche Bank

Deutsche Bank strategists note that Brent Oil has reversed earlier gains as progress in US–Iran talks reduces fears over disruptions at the Strait of Hormuz.

Source  Fxstreet1782121571
Australian Dollar strengthens against Japanese Yen due to carry-trades

AUD/JPY holds gains after experiencing volatility, trading around 113.10 during the European hours on Monday. The currency cross remains heavily bid as the Japanese Yen (JPY) continues to lose ground to widespread carry-trade activity.

Source  Fxstreet1782117694
Breaking: UK PM Starmer resigns, says nominations will open July 9

United Kingdom (UK) Prime Minister Keir Starmer announces his resignation and says that nominations for new contender will open on July 9.

Source  Fxstreet1782117620
Indonesian Rupiah: Fiscal risks keep caution – MUFG

Michael Wan at MUFG stresses that local factors matter for Asia FX, focusing on current account deficit currencies reliant on external funding.

Source  Fxstreet1782115160
ECB’s Escrivá: We need to monitor for second-round effects on wages

European Central Bank (ECB) policymaker and Governor of the Bank of Spain, José Luis Escrivá, said during the European trading session on Monday that the central bank needs to monitor for second-round effects on wages.

Source  Fxstreet1782114717

Turkey Consumer Confidence: 87.9 (June) vs 85.8

Source  Fxstreet1782111629
Russian Ruble: Hawkish central bank and limited FX impact – Commerzbank

Commerzbank’s Michael Pfister notes that the Russian Central Bank surprised markets by cutting rates only 25 bps to 14.25%, instead of the 50 bps expected, signalling a hawkish stance and caution on further easing.

Source  Fxstreet1782110679
Euro strengthens against Canadian Dollar as oil prices decline

EUR/CAD extends its gains for the second successive day, trading around 1.6260 during the Asian hours on Monday.

Source  Fxstreet1782110640
Equities: Investors weigh Iran risks and IT growth – Danske Bank

Danske Research Team observes that equities fell on Friday, led by Europe, as renewed concerns around Iran and stalled talks weighed on sentiment and drove a defensive rotation.

Source  Fxstreet1782109343
Asian stock trade lower despite progress in US-Iran peace talks; Japan's Nikkei rallies 2%

Asian stocks kick off the new week on a downbeat note, though signs of progress in US-Iran pace negotiations eased concerns over a potential escalation in geopolitical tensions and limited deeper losses.

Source  Fxstreet1782105058

Netherlands, The Consumer Confidence Adj: -39 (June) vs -46

Source  Fxstreet1782102601
United States Dollar Index holds gains near 100.00 due to renewed US-Iran tensions

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, recovers its recent losses from the previous trading day and is hovering around 100.80 during the Asian hours on Monday.

Source  Fxstreet1782095019
Australian Dollar holds gains against Japanese Yen following PBoC rate decision

AUD/JPY gains ground after posting minor losses in the previous day, trading around 113.30 during the Asian hours on Monday. The currency cross holds ground as the Australian Dollar (AUD) remains stronger following China’s latest monetary policy update.

Source  Fxstreet1782092237
China Finance Ministry says to impose measures on 46 US firms in government procurement

China Finance Ministry said on Monday that officials to impose measures on 46 US firms in government procurement. The authorities further stated that they will add 10 US entities to export control list. 

Source  Fxstreet1782091322
BoJ’s Himino: Delaying adjustment in monetary easing risks price overshoot

Bank of Japan (BoJ) Deputy Governor Himino said on Monday that delaying adjustment in monetary easing could trigger a significant inflation overshoot. Himino emphasized that oil price pass-through to downstream goods is advancing fairly quickly. 

Source  Fxstreet1782090688
PBOC holds Loan Prime Rates steady in June: What 3.0% means for Australian Dollar

The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Monday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively. 

Source  Fxstreet1782090099

China PBoC Interest Rate Decision meets expectations (3%)

Source  Fxstreet1782090075
Japan’s Katayama says ready to respond appropriately to FX moves at any time as needed

Japan’s Finance Minister Satsuki Katayama said on Monday that the officials are ready to respond appropriately to the currency moves at any time as needed. Katayama declines to comment on specific exchange levels.

Source  Fxstreet1782086885
United Kingdom PM Starmer weighs political future, set to announce exit plan on Monday

Citing a source with knowledge of the matter, Reuters reported on Monday that the United Kingdom (UK) Prime Minister (PM) Keir Starmer was reassessing his political future on Sunday after rival Andy Burnham's decisive parliamentary election victory prompted additional ministers from the governing La

Source  Fxstreet1782080626
US-Iran updates: Iranian negotiators suspend high-stakes talks with US in Switzerland

Here’s a brief recap of the key developments in the US-Iran geopolitical front that occurred over the weekend, especially after Iran closed the Strait of Hormuz on Saturday over Israel's attacks on Lebanon, and amid renewed peace talks in Switzerland.

Source  Fxstreet1782079877
US May PCE Preview: Inflation May Continue to Heat Up, How Will US Stocks, Dollar and Gold React in the Short Term?

TradingKey - The United States is set to release the May PCE price index on June 25 at Eastern Time. This is one of the Federal Reserve's most favored inflation gauges and will serve as a critical dat

Source  Tradingkey1782014400
Breaking: Iran closes the Strait of Hormuz amid ceasefire deal violation

Iran says it is closing the Strait of Hormuz after accusing the United States (US) and Israel of violating the ceasefire. According to Iran, the decision came over the continued Israeli strikes in Lebanon.

Source  Fxstreet1781965161
Iran confirms Switzerland meeting with US was postponed, but MOU was signed digitally

Iran’s Foreign Ministry confirmed on Friday that a planned meeting in Switzerland with US officials had been postponed, adding that preparations are already underway for a new meeting in the coming days, Reuters reported.

Source  Fxstreet1781882655
Global data: Flash PMIs and inflation focus – Deutsche Bank

Deutsche Bank’s Galina Pozdnyakova, Jim Reid and Luke Templeman highlight that next week’s main macro focus will be global flash PMIs and several key inflation releases.

Source  Fxstreet1781879085
"Israel and Hezbollah agree to a ceasefire," senior US official tells Reuters

Citing a senior US official on Friday, Reuters reported that Israel and Hezbollah have agreed to a ceasefire at 4 p.m. local time on Friday.

Source  Fxstreet1781874716

Russia Central Bank Reserves $: $729.3B vs previous $749.7B

Source  Fxstreet1781874040

Canada Retail Sales (MoM) below expectations (0.6%) in April: Actual (0.5%)

Source  Fxstreet1781872202

Canada Retail Sales ex Autos (MoM) below expectations (0.7%) in April: Actual (0.1%)

Source  Fxstreet1781872201
Singapore Dollar: NEER strength caps upside for USD/SGD – UOB

UOB Global Economics & Markets Research notes that USD/SGD closed at 1.2900, with the Singapore Dollar Nominal Effective Exchange Rate (S$NEER) estimated at 1.75% above its mid-point.

Source  Fxstreet1781871690
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