Author: FX

allistic missiles, ceasefire signals, a hot CPI print, and ultimately canceled airstrikes defined the week of June 8–12 across currencies, equities, oil, gold, and crypto. Source link

May’s CPI looked hot, but cooler core inflation and rising producer costs leave the Fed with a tricky dollar puzzle. Source link

The US Dollar Index (DXY) lost ground during the week, down 0.27% to trade near the 99.80 level as investors prepared for a heavy central bank calendar the following week. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Swiss Franc. USDEURGBPJPYCADAUDNZDCHFUSD0.07%0.07%0.14%0.11%0.00%0.07%0.26%EUR-0.07%-0.01%0.09%0.05%-0.07%-0.01%0.18%GBP-0.07%0.00%0.11%0.05%-0.09%0.00%0.17%JPY-0.14%-0.09%-0.11%-0.06%-0.17%-0.10%0.06%CAD-0.11%-0.05%-0.05%0.06%-0.11%-0.05%0.13%AUD-0.00%0.07%0.09%0.17%0.11%0.06%0.21%NZD-0.07%0.01%-0.00%0.10%0.05%-0.06%0.17%CHF-0.26%-0.18%-0.17%-0.06%-0.13%-0.21%-0.17% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from…

The major stock indices all closed higher on the day helped by the the framework for a deal between Iran and the US/Israel. Reports indicated that the United States, Iran, and Pakistan have made significant progress toward a peace agreement aimed at ending the conflict, with negotiators suggesting a framework deal is close at hand. Any initial agreement would serve as a starting point for what are expected to be lengthy and complex nuclear negotiations in the months ahead.As part of the proposed framework, Iran would commit to foregoing the development of nuclear weapons and would agree to eliminate its…

SpaceX’s $2 trillion debut met with cheers, jeers and protest Source link

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Societe Generale highlights that South Korean authorities have launched a multi-pronged FX stabilisation package to address short-term USD funding stress and speculative pressures on the Korean Won. Measures include a temporary FX stability levy exemption, enhanced interest on excess FX deposits, and tighter oversight of major FX banks. Officials are also urging exporters to accelerate FX conversion and repatriate offshore funds.BoK and government intensify Won support”The BoK rolled out multi-pronged FX stabilisation package after emergency meeting with the MoF and FSS, targeting short-term USD funding stress and speculative pressures.””Key measures include a 6-month exemption of the FX stability levy for…

Here are some comments from Araghchi on local TV:ENd of war in Lebanon means Israel’s withdrawal from occupied areasInterim deal is first step, if not implemented, there will be no nuclear talksEnd of US blockade and reopening of Hormuz is part of the interim dealSays enemies like Israel are against a dealAgreement yet to be signed, changes are possibleThe market is going into the weekend in a decent mood but it could all fall apart by Monday so I expect that’s restraining things.The only preferred solution for highly enriched uranium is downblendingIranian frozen funds will be releasedOur sword will always…

A senior administration official said on Friday that the Iran deal will guarantee long-term peace in the region. The agreement would achieve core US objectives and reopen the Strait of Hormuz. The official said that the US would get enriched nuclear material and include an inspection regime.SENIOR ADMINISTRATION OFFICIAL: IRAN DEAL ACCOMPLISHES CORE U.S. OBJECTIVESIRAN DEAL REOPENS STRAIT OF HORMUZ – OFFICIALU.S. TO GET ENRICHED MATERIAL UNDER IRAN DEALIRAN DEAL GUARANTEES LONG-TERM PEACE IN REGIONIRAN DEAL INCLUDES INSPECTION REGIMEIF IRAN COMPLIES WILL BE REWARDED ECONOMICALLYBENEFITS FOR IRAN ACCRUE IF THEY ACTUALLY DELIVERU.S. EXPECTS TO SIGN AGREEMENT OVER NEXT FEW DAYSDRAFT…

Deutsche Bank’s Sanjay Raja says the UK economy is tracking close to the Bank of England’s Scenario A, with stronger‑than‑expected early‑2026 GDP but a cooling labour market and easing price pressures. GDP is seen around 1% in 2026–27, while CPI is projected slightly below Scenario A and potentially under the 2% target at longer horizons.Scenario A path for growth and CPI”The economy – at least on the surface – has been stronger than the Bank assumed. GDP growth, to start the year, was stronger than the Bank anticipated. But the labour market has softened a touch, relative to the Bank’s…