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Eurozone PMIs Show Two-Speed Recovery in June: TD Securities
TD Securities notes June Eurozone PMIs highlight a divergence between stabilizing German manufacturing and continued weakness in France.
Eurozone PMI Weakness Challenges ECB Tightening Case
BNY analyst Geoff Yu notes that Eurozone PMIs remain weak despite a slightly better composite reading, with Germany and France underperforming.
US Dollar Index Breakout Risks Build on Hawkish Fed – OCBC
OCBC's Sim Moh Siong notes the US Dollar is supported by higher Treasury yields and a more hawkish Federal Reserve path, with leaner communication likely to boost FX volatility.
Stocks Slide, Tech Hit, Dollar Rises as Yen Draws Caution
US equity futures point lower as tech unwinding weighs, while the dollar strengthens and traders grow cautious on the yen. South Korea's Kospi fell 10% today but remains up nearly 95% for the year.
TD Securities Sees Australian CPI Easing to 4.2% YoY in May
TD Securities forecasts Australia's headline CPI to slip to 4.2% year-on-year in May, driven by lower transport and recreational costs, which could keep the RBA on hold.
EUR/USD Price Forecast: Testing 11-Month Lows Amid Broad USD Strength
The euro extends losses against the dollar, testing 11-month lows near 1.3991 as the greenback rallies on Fed tightening expectations and cautious market sentiment.
Japan Yen Intervention Risk Rises After US Treasury Call: BNY
BNY analyst Geoff Yu warns that Japanese yen intervention risk has increased following a call between Finance Minister Satsuki Katayama and US Treasury Secretary Scott Bessent, with both sides reaffirming that bold FX action remains possible.
AUD/USD Falls 0.8% as Risk Aversion Intensifies, CPI Data Awaited
The Australian Dollar dropped 0.8% to 0.6945 against the US Dollar during European trading, pressured by a broad risk-off mood. Traders now await the upcoming Australian CPI release.
Trump Claims Iran Agreed to Highest Level Nuclear Inspections
US President Donald Trump stated on Truth Social that Iran has fully agreed to the highest level of nuclear inspections for the foreseeable future.
Eurozone PMI Stays Below 50, Euro Under Pressure
The eurozone PMI came in at 49.5, still indicating contraction despite improvement from prior levels. The euro was already weakening ahead of the release.
NZD Slumps as Hawkish Fed Bets Weigh, US PMI in Focus
The New Zealand Dollar fell 0.4% against the USD to around 0.5690 during European trading as hawkish Federal Reserve expectations reduced risk appetite. Traders await US PMI data for further direction.
GBP/JPY Retreats to 213.20 as Pound Loses Early-Week Momentum
The British Pound slipped against the Japanese Yen on Tuesday, paring Monday's gains and trading near 213.20 amid elevated intervention risks and weak UK business data.
BoC Likely to Hold Steady After Firmer Canadian CPI – TD Securities
TD Securities notes that May's Canadian CPI surprised to the upside due to energy and seasonal factors, while core measures remained stable. The firm expects the Bank of Canada to maintain its patient stance.
EUR/USD Under Pressure as 1.1400 Level Challenged
The euro remains under mild pressure, with EUR/USD testing the 1.1400 level. A breakdown below this support could send the pair to its lowest since July.
Societe Generale: Euro Inflation Scare Questioned, 1.13 Level Eyed
Societe Generale analysts point to softer Eurozone PMI price data and a dovish tone from ECB President Lagarde as key drivers for EUR/USD. They see the 1.13 handle as in focus, with support around 1.1390.
Japanese Yen Edges Higher From Long-Term Lows as Intervention Risk Rises
The Japanese Yen edged up against the US Dollar on Tuesday after trading near 40-year lows, increasing the risk of intervention by Japanese authorities.
Silver Falls to $62.18, Down 4.47%
Silver prices declined on Tuesday, dropping 4.47% to $62.18 per troy ounce from the previous $65.09, according to FXStreet data.
ECB's Lane Warns of Persistent Inflationary Pressures in Eurozone
ECB Chief Economist Philip Lane stated that forward-looking signals indicate inflationary pressures in the Eurozone will remain above 2% for an extended period, despite potential peace prospects involving the US.
USD Strengthens on Hawkish Fed, EU PMI Data Awaited
The US dollar continued to rise on expectations of a hawkish Federal Reserve. Market focus shifts to preliminary European PMI figures for June, which could provide support for the euro if they show improved economic activity.
UK Flash Services PMI Misses Estimates, Falls to 48.7 in June
The preliminary S&P Global Services PMI for the UK arrived at 48.7 in June, below the expected 50.0 and down from 49.3 in May, indicating contraction.
Yen Near 40-Year Lows vs Dollar – Deutsche Bank
The Japanese yen remains under pressure, trading close to 40-year lows against the US dollar, according to Deutsche Bank analysts.
Euro Declines Against Yen as German Manufacturing PMI Flatlines
EUR/JPY fell for a second straight day on Tuesday, dropping to around 184.30 after Germany's HCOB Manufacturing PMI came in unchanged for June. Markets now await Eurozone-wide PMI figures.
USD/JPY Has Scope to Revisit 2024 Low – UOB
UOB analysts note sharp intraday swings in USD/JPY after the pair spiked to 161.92, and see scope for a revisit of the 2024 low against the US dollar.
DBS: Starmer's Resignation Won't Trigger UK Budget Crisis
DBS Group Research economist Philip Wee believes Sir Keir Starmer's resignation and the Labour leadership contest are not a repeat of the 2022 mini-budget crisis, keeping the British Pound stable.