United States (US) President Donald Trump said on Tuesday that a secret US military operation helped secure commercial shipping through the Strait of Hormuz, allowing more than 100 million barrels of Oil to reach global markets amid ongoing tensions involving Iran.
US President Donald Trump said that the US “will be attacking Iran very hard,” as he pressures Tehran to sign the deal, adding that “they’ve taken too long to negotiate a deal that would have been great for them, now they will have to pay the price.”
The Bank of Canada left its policy rate unchanged at 2.25% on Wednesday, as widely expected, delivering a neutral-to-mildly dovish hold.
Nordea’s Jan Størup Nielsen notes that Danish consumer prices rose 1.9% year-over-year in May, with core inflation at 2.1%, its highest level since the start of 2024. Monthly inflation was driven by higher hotel and travel prices, while food and non-alcoholic beverages fell.
ING’s Frantisek Taborsky notes Czech inflation has surprised on the downside, but strong wage growth and stable core inflation keep the Czech National Bank on track for a rate hike at its June meeting.
Scotiabank’s Shaun Osborne and Eric Theoret note GBP/USD is slightly higher, British Pound (GBP) outperforming most G10 peers except the Canadian Dollar (CAD) and Norwegian Krone (NOK), as traders await UK trade and industrial production data before the June 18 BoE meeting.
Brown Brothers Harriman’s (BBH) Elias Haddad reports that the Norwegian Krone is outperforming as underlying inflation overshot expectations in May, bringing forward rate hike bets from November to September.
TradingKey - Dados divulgados pelo Bureau of Labor Statistics dos EUA na quarta-feira mostraram que o CPI dos EUA subiu 0,5% na comparação mensal em maio, ante o valor anterior de 0,6%; houve uma alta
ING strategists Warren Patterson and Ewa Manthey highlight that Chinese unwrought Aluminium and product exports rose strongly in May to the highest level since November 2024, helped by overseas demand after Middle East disruptions.
Commerzbank’s Volkmar Baur notes that stronger-than-expected South African GDP growth masks weak underlying domestic demand, with consumption and private investment soft while government spending dominates.
TD Securities’ Robert Both updates Canada’s macro outlook as higher Oil prices push WTI above $95 through Q4, lifting headline CPI to an average 2.9% over Q2/Q3.
United States (US) President Donald Trump warned of escalating military operations against Iran, citing that Tehran has taken significant time in negotiating a peace deal.
Bank of Japan (BoJ) Governor Kazuo Ueda has been hospitalized, according to a statement released by the central bank.
Rabobank’s Global Strategist Michael Every expects the Bank of Canada (BoC) to keep its policy rate at 2.25%, in line with Bloomberg consensus and market pricing.
Iran's Foreign Ministry spokesperson Esmaeil Baghaei said during the European trading session on Wednesday that Tehran needs to re-assess terms of negotiations with Washington following overnight clashes, SNN reported.