EUR/USD rises after registering minor losses in the previous day, trading around 1.1610 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) declines amid easing risk aversion following the reports that the United States (US) and Iran agree on a peace deal to end the war and reopen the Strait of Hormuz. Bloomberg reported…
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade within a prescribed band…
United Kingdom Rightmove House Price Index (MoM) down to -0.6% in June from previous 1.2%
Iran confirmed the U.S. ceasefire MOU, ending the naval blockade from tonight; Gulf traffic will be Iran-Oman regulated, with a 60-day sanctions negotiation to follow asset unfreezing. investingLive Exclusive 24m ago
Societe Generale notes that Chinese inflation remains subdued, with May Consumer Price Index (CPI) at 1.2% and core at 1.1%, while PPI has risen to a four-year high, suggesting weak consumer demand and margin pressure. The bank highlights that authorities are using targeted easing and tighter capital controls to manage USD flows and limit Yuan strength, keeping the currency…
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EUR/USD fluctuates between modest gains and losses heading into the weekend as traders await Tehran’s decision on a possible agreement with the United States (US) to end the war in the Middle East. At the time of writing, the pair trades around 1.1573 and is on track to post modest weekly gains. Iranian Foreign Minister Abbas Araghchi said a…
Kevin Warsh’s first Fed meeting headlines a packed central-bank week, while an announced-but-unsigned Iran deal could move oil at any moment. Three scenarios, exact levels inside.
Prior was 48.2 Current conditions 48.4 vs 46.2 expected (prior was 45.8) Expectations 49.3 vs 44.3 expected (prior was 44.1) 1-year inflation 4.6% vs 4.8% prior 5-year inflation 3.4% vs 3.9% prior I don’t know why anyone cares about this report at this point. It’s been in the doldrums forever and hasn’t predicted any slowdown in consumer spending. It’s…
USD/CAD trades on the front foot on Friday as lower Oil prices weigh on the commodity-linked Canadian Dollar (CAD) amid cautious optimism that the United States (US) and Iran could reach an agreement that would reopen the Strait of Hormuz. At the time of writing, the pair trades around 1.3979 after touching 1.4024 on Thursday, its highest level since…
