Forex News

GBP and CHF Extend Decline Following Fed Meeting, Market Focus Shifts to BoE and SNB Decisions

Thu, 19 Jun 2025 04:13:27 -0400

China says granted rare earth export licenses to some firms but light on details

That said, it did not divulge on the exact number of licenses approved and how many, if at all, were extended to US firms. The commerce ministry simply confirmed that "a certain number" of rare earth export applications were approved in the latest batch.

Thu, 19 Jun 2025 04:01:00 -0400

SNB cuts to zero, sees subdued growth as tariff front-loading fades

Thu, 19 Jun 2025 03:48:02 -0400

ECB's Rehn: Eurozone risks stagflation shock if Mideast crisis extends

Eurozone risk stagflation shock if Mideast crisis extends. This would be a global risk and not only limited to the Eurozone.

Thu, 19 Jun 2025 03:42:08 -0400

Swiss National Bank cuts interest rates to zero

The Swiss National Bank cut its interest rate to zero on Thursday in response to falling inflation, appreciation pressure on the Swiss franc and economic uncertainty caused by the U.S. administration's unpredictable trade policy.

Thu, 19 Jun 2025 03:36:56 -0400

Natural Gas and Oil Forecast: Crude Pulls Back From 5-Month High on Geopolitical Jitters

WTI crude slips below $75 as traders weigh geopolitical risks and Fed rate outlook; energy markets remain volatile near key technical levels.

Thu, 19 Jun 2025 03:30:19 -0400

Middle East tensions, importer dollar bids keep rupee on backfoot

The Indian rupee declined on Thursday to hover around its weakest level in over two months, as persistent worries about escalation in the Iran-Israel air war kept oil prices elevated and dented risk sentiment.

Thu, 19 Jun 2025 03:01:24 -0400

Sterling slips ahead of Bank of England decision; Middle East in focus

Sterling slipped versus a stronger dollar on Thursday ahead of the Bank of England's policy decision, with no change to rates the widely expected outcome, while investor sentiment remained fragile given the flaring conflict in the Middle East.

Thu, 19 Jun 2025 02:40:40 -0400

Russia is on the verge of going into recession, economy minister says

Russian Economy Minister Maxim Reshetnikov said on Thursday that the Russian economy was on the verge of slipping into recession.

Thu, 19 Jun 2025 02:39:22 -0400

BoE Preview June 2025: Could Swing Voters Deliver a Shock Rate Cut?

There are strong market expectations that the Bank of England will hold interest rates at 4.25% at this week's policy decision. All 60 economists in the latest Reuters poll backed no change at this meeting.

Thu, 19 Jun 2025 02:30:00 -0400

UK Inflation Higher but Pound Stays Steady as Services Inflation Drops

UK CPI missed the 3.3% forecast with a print of 3.4%. There were still some encouraging signs, with services inflation moderating.

Thu, 19 Jun 2025 02:30:00 -0400

If Labour Market Starts Deteriorating, Fed Will Revert to Last Year's Playbook

Thu, 19 Jun 2025 02:25:37 -0400

Will SNB Cut Policy Rates Back to Zero?

Thu, 19 Jun 2025 02:12:26 -0400

Dollar Firms as Fed Embraces Caution Over Tariff-Driven Inflation; SNB and BoE Next

Thu, 19 Jun 2025 02:06:18 -0400

Crude Oil price today: WTI price bullish at European opening

West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $73.52 per barrel, up from Wednesday's close at $72.94.

Thu, 19 Jun 2025 02:02:40 -0400

Switzerland Imports (MoM) up to 19469M in May from previous 19089M

Switzerland Imports (MoM) up to 19469M in May from previous 19089M

Thu, 19 Jun 2025 02:00:58 -0400

Switzerland Exports (MoM) fell from previous 25447M to 23300M in May

Switzerland Exports (MoM) fell from previous 25447M to 23300M in May

Thu, 19 Jun 2025 02:00:55 -0400

Switzerland Trade Balance declined to 3831M in May from previous 6358M

Switzerland Trade Balance declined to 3831M in May from previous 6358M

Thu, 19 Jun 2025 02:00:33 -0400

Switzerland May trade balance CHF 3.83 billion vs CHF 6.36 billion prior

The Swiss trade surplus narrowed in May as exports fell off by 8.2% on the month while imports climbed by 2.1% on the month. Notably, Swiss watch exports declined by 9.5% year-on-year in May in nominal terms.

Thu, 19 Jun 2025 02:00:07 -0400

BoE expected to leave interest rate flat at 4.25% despite inflation remaining above objective

The Bank of England (BoE) is set to reveal its latest monetary policy decision on Thursday, coinciding with its fourth rate-setting meeting of 2025.

Thu, 19 Jun 2025 02:00:00 -0400