Forex News — page 5
Original FXMARE forex news briefs — central-bank moves, currency-pair drivers and FX market coverage, newest first. 230 articles.
- U.S. resumes strikes on Iran as conflicts escalate and oil markets react
Reports indicate U.S. forces resumed strikes inside Iran in retaliation for a surprise missile attack, with markets noting an initial oil price response and media speculation about potential follow-on actions.
- Fed holds rates; guidance shift keeps markets wary ahead of September
With the Fed keeping policy unchanged, traders focus on the reduced emphasis on forward guidance and the potential for a September rate move amid upward pressure on energy prices
- Pound Hits Pause Ahead of Fed Decision as Markets Brace for Policy Move
As traders await the Federal Reserve’s rate decision, sterling remains flat while bitcoin trades above $64,000 amid easing oil prices and persistent inflation signals
- Oil climbs as Iran resumes strikes on U.S. forces; Asia stocks mixed on regional tensions
Oil prices jumped on renewed U.S.-Iran tensions after Iran launched ballistic missiles at a U.S. base, while Asia-Pacific markets weighed the latest Middle East dynamics alongside local data such as Australia’s CPI and Korea’s equity backdrop.
- US Consumer Confidence Drops to 90.8 in July, Below Expectations
The Conference Board’s July consumer confidence index fell to 90.8, underscoring a softer view on current conditions with the prior month revised higher, while inflation expectations were not numerically specified
- AUD/USD in Range as RBA Hike Hurdle Grows Ahead of CPI
Australian dollar pares gains as traders await Q2 CPI, with the RBA’s Bullock signaling a higher hurdle for a prospective August rate rise.
- US Durable Goods Orders Rise 0.3% in June, Underperforming Expectations
US durable goods data for June show a modest 0.3% monthly rise, with orders failing to meet analysts’ expectations and a revised prior month decline stretching back through May
- European shares rise as US-Iran pause eases tensions
European stocks climbed on signs the US and Iran paused military strikes, lifting risk sentiment across regional markets.
- Yen under pressure as hawkish BoJ stance and Fed signals collide near 163
As USD/JPY hovers around a multi-decade peak, markets weigh whether a hawkish BoJ and the Fed will collide or converge on policy signals, intensifying two-way risk for the pair.
- Iran says it will halt strikes while US pause continues, after Trump calls off strikes
Iran commits to cease-fire so long as the US maintains its pause on potential strikes, following reports that Washington halted actions after a 13-day period
- Japan and Australia PMIs rise in July as services drive growth
July PMI data show Japan's composite expanding at a faster pace on AI-driven manufacturing demand, while Australia’s services-led rebound lifts the composite to its strongest since early in the year.
- UBS puts Norwegian krone among top FX picks as oil rally appears capped
UBS flags the Norwegian krone as a leading FX pick amid expectations oil’s rally will be limited, with markets sensitive to Middle East developments but cushioned by anticipated adjustments in the oil market.
- ECB holds rates as energy-spike risk keeps markets on edge
The European Central Bank kept its benchmark rate unchanged amid volatile energy prices, with officials noting inflation staying well above target for an extended period and traders weighing a potential September move.
- Canada May retail sales rise 1.0% on broad gains across sectors
Canadian retail sales rose 1.0% in May, with a broad-based gain across sectors and revisions to prior-month data, according to multiple reports.
- US jobless claims drop to 187,000 in week to July 18, vs 212,000 expected
Initial US jobless claims fell to 187,000 for the week ended July 18, well below consensus, with revisions to prior weeks and continuing claims also showing a decline.
- US-Saudi nuclear cooperation expands civilian program under review
The United States moves to formalize civilian nuclear cooperation with Saudi Arabia, expanding strategic ties while Congress reviews the agreement under the Atomic Energy Act
- German ZEW sentiment rises in July as recovery mood strengthens
Germany’s ZEW sentiment index climbed in July, signaling an improving but still mixed outlook, with the current conditions component remaining subdued while the expectations gauge rose to its highest since February.
- Russia shells Kyiv in major assault as NATO chief flags Baltics risk
Rising cross-border strikes around Kyiv and heightened warning from NATO emphasize renewed tensions amid broader security concerns and energy-supply strains
- US June Industrial Production Edges Up, Misses Some Expectations
June industrial production rose modestly, underscoring a softer expansion in U.S. manufacturing as capacity use and output data diverged from earlier estimates.
- Eurozone June CPI confirms inflation cooled to 2.8% as core and services pressures ease
Eurozone inflation slowed to 2.8% in June, with softer service- and core-price pressures offsetting persistent energy costs, while the final reading matched the preliminary estimate
- Seven & i in talks to invest in Poland’s Zabka to expand in Europe
Reports indicate Seven & i Holdings is in stake discussions with Poland’s Zabka to broaden its European footprint, lifting Seven & i shares on the news.
- US retail sales rise 0.2% in June as consumer spending stays resilient
U.S. retail activity edged higher in June, signaling continued consumer spending strength despite higher interest rates and energy-price uncertainty.
- US imposes 25% tariffs on most Brazilian goods amid labor probe
Washington imposes a 25% tariff on most Brazilian goods, with a separate forced-labor probe proposing an additional 12.5% duty that could stack on top
- RSI Signals Mark Oversold Conditions in EUR/NZD and Ondas
Two distinct market observations point to oversold readings on an RSI basis, with the EUR/NZD pair and Ondas showing potential stretched moves as traders weigh momentum and fear
- Eurozone industrial output falls 0.2% in May, vs expectations for growth
Eurozone May industrial production declined, underscoring stagnation in the manufacturing sector after a rebound in April and projections for a firmer reading were not realized.
- Asian markets mixed after China GDP miss as Middle East tensions weigh on FX
Asian equities edged higher and lower broadly as China’s softer GDP data tempered growth worries, while regional FX faced pressure from Middle East tensions and a softer dollar, alongside a US crackdown on Iran-linked crypto
- ECB selects Deutsche Bank and Revolut for digital euro pilot
The European Central Bank is launching a beta digital euro pilot with 36 providers, including Deutsche Bank and Revolut, after receiving over 50 applications for testing ahead of a broader 2027 rollout.
- Australia business confidence improves in June as NZIER survey shows uptick amid tensions
June surveys show Australian business confidence firming from May, while NZIER data indicate a turn higher in New Zealand business sentiment, even as global tensions and higher fuel costs weigh on firms
- Asia calendar Tuesday focuses on NZ QSBO, China trade data and U.S. CPI/ADP highlights
Two key releases in Asia—the NZ business survey and China trade data—frame Tuesday’s economic calendar, alongside U.S. CPI and ADP numbers that shape global market expectations
- Trump reimposes Iran blockade, 20% toll on Hormuz shipping
Trump reinstates a blockade on Iran-related shipping through the Strait of Hormuz, imposes a 20% toll, while asserting the strait remains open, as markets recalibrate to the renewed restrictions