News

BoE’s Bailey: “We have time to judge the pass-through of higher energy prices”

Bank of England (BoE) Governor Andrew Bailey said in comments to CNBC that policymakers have time to assess how higher energy prices may feed through into the United Kingdom (UK) economy, while noting that financial conditions have already tightened.

Source  Fxstreet1782843145
Canada: GDP data signal firmer second quarter – RBC

Royal Bank of Canada (RBC) economist Abbey Xu notes that Canadian Gross Domestic Product (GDP) rose 0.5% in April, beating Statistics Canada’s 0.4% advance estimate and marking the strongest monthly gain since July 2025.

Source  Fxstreet1782832783
Fed’s Hammack: “Inflation is still too high, Fed may need to consider rate hikes”

Beth Hammack, President of the Federal Reserve (Fed) Bank of Cleveland, told CNBC on Tuesday that the United States (US) economy remains resilient. The labor market is near full employment, and growth still looking solid.

Source  Fxstreet1782832343

Colombia National Jobless Rate declined to 8% in May from previous 8.8%

Source  Fxstreet1782832130
United States: Labor stability tempers Fed hike risks – TD Securities

TD Securities’ macro team led by Oscar Munoz expects headline US Nonfarm Payrolls to slow to 80k in June, with 55k private and 25k government jobs, marking a return to breakeven job growth. The Unemployment Rate is forecast to edge down to 4.2% as participation slips.

Source  Fxstreet1782832028
European Central Bank: Hawkish bias sustained with one more hike – ING

ING’s Michiel Tukker and Benjamin Schroeder argue that reduced Oil sensitivity in rates and lingering uncertainty should prevent a strong dovish turn from the ECB.

Source  Fxstreet1782831138
Norwegian Krone: Supported against Euro as NOK flows increase – Nordea

Nordea’s Senior Macro and FX Strategist Sara Midtgaard notes that the Norwegian Krone (NOK) weakened in June, with EUR/NOK peaking near 11.35, but now sees limited further upside.

Source  Fxstreet1782829252
Copper: China PMI support, US tariff risk – Commerzbank

Commerzbank’s Barbara Lambrecht notes that the LMEX index remains under pressure even as China’s manufacturing PMI edges above 50, supporting Copper via AI-driven exports.

Source  Fxstreet1782828590
United States CB Consumer Confidence Index rose to 91.2 in June

US consumer sentiment gains terrain in June, as the Conference Board’s Consumer Confidence Index rises to 91.2 from May’s 90.6 (revised from 93.1).

Source  Fxstreet1782828502

United States JOLTS Job Openings registered at 7.594M above expectations (7.3M) in May

Source  Fxstreet1782828003

United States Chicago PMI came in at 56.7 below forecasts (58.1) in June

Source  Fxstreet1782827101
Bank of England: No change expected in 2024 – Rabobank

Rabobank's Senior FX Strategist Jane Foley outlines her baseline view on Bank of England (BoE) policy, citing softer United Kingdom (UK) Consumer Price Index (CPI), lower Oil prices and a slack labour market.

Source  Fxstreet1782824821

United States S&P/Case-Shiller Home Price Indices (YoY) came in at 1.1%, above forecasts (0.9%) in April

Source  Fxstreet1782824404

United States Housing Price Index (MoM) came in at -0.1% below forecasts (0.2%) in April

Source  Fxstreet1782824403

United States Redbook Index (YoY) climbed from previous 10% to 10.5% in June 26

Source  Fxstreet1782824101

Canada Gross Domestic Product (MoM) above forecasts (0.4%) in April: Actual (0.5%)

Source  Fxstreet1782822601
United States: Sticky inflation and Fed skepticism – NBC

National Bank of Canada's (NBC) Taylor Schleich and Vy Le note that United States (US) growth expectations remain healthy, with GDP projected to expand above 2% in 2026, but they see a less benign inflation outlook.

Source  Fxstreet1782822425
British Pound: Neutral stance against US Dollar with carry support – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong highlight that the Pound (GBP) remains resilient to local political developments and fiscal risks, supported by foreign inflows into gilts and the Bank of England’s (BoE) reluctance to ease policy amid resilient growth and disinflation.

Source  Fxstreet1782821338
Germany annual CPI inflation softens to 2.3% in June vs. 2.5% expected

Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), softened to 2.3% in June's flash estimate from 2.6% in May. This print came in below the market expectation of 2.5%. On a monthly basis, the CPI declined 0.3% following the 0.2% decrease recorded in May.

Source  Fxstreet1782821057

South Africa Trade Balance (in Rands) down to -1.79B in May from previous 15.16B

Source  Fxstreet1782820840
Danish Krone: Nationalbanken tolerance for weaker krone – Nordea

Nordea strategists examine EUR/DKK trading at its weakest level since the Euro’s introduction and argues Nationalbanken may have quietly shifted its de facto intervention band.

Source  Fxstreet1782814076

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

Source  Fxstreet1782810051

Italy Consumer Price Index (YoY) below expectations (3.1%) in June: Actual (3%)

Source  Fxstreet1782810049

Italy Consumer Price Index (EU Norm) (YoY) meets expectations (3.1%) in June

Source  Fxstreet1782810048

Italy Consumer Price Index (EU Norm) (MoM) fell from previous 0.3% to 0.1% in June

Source  Fxstreet1782810048

Greece Producer Price Index (YoY) rose from previous 12.8% to 13.5% in May

Source  Fxstreet1782809991

Greece Retail Sales (YoY): -0.1% (April) vs previous 3%

Source  Fxstreet1782809991
Canada: Growth drag and steady BoC – NBC

National Bank of Canada's (NBC) Taylor Schleich and Vy Le highlight that Canada’s 2026 Gross Domestic Product (GDP) forecast has been cut to 0.7%, leaving the economy lagging U.S. growth above 2%.

Source  Fxstreet1782809066
India: Capital flows supported by RBI and government – DBS

DBS economist Radhika Rao details India’s capital account challenges, citing weakening capital flows, softer foreign portfolio inflows and narrower net Foreign Direct Investment (FDI) that pushed the balance of payments into deficit in FY26.

Source  Fxstreet1782807868
BoJ’s Sato: De-escalation of Middle East conflict is welcome move, uncertainty remains

Japanese Prime Minister (PM) Sanae Takaichi's administration newly appointed Bank of Japan (BoJ) board member, Ayano Sato, said in his scheduled press conference during the European trading session on Tuesday that the de-escalation of the Middle East conflict is welcome news for the economy, but unc

Source  Fxstreet1782807847
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