The U.S. Dollar value edged higher amid persisting concerns of a higher-interest regime for an extended period through this year. The gains were restricted following the progress in ongoing U.S.-Iran negotiations.
The British pound strengthened against other major currencies in the European session on Monday, after Sir Keir Starmer, the leader of the Labour Party and prime minister of the United Kingdom announced his resignation. PM Starmer made an appearance outside 10 Downing Street to announce his retirement....
The Japanese yen weakened against other major currencies in the Asian session on Monday, as investors are still concerned that the Middle East crisis and ongoing disruptions to the Strait of Hormuz energy supply would continue to put pressure on Japan's economy. Investors remain cautious amid renewed...
Canadian stocks inched lower on Friday as investors weighed the U.S.-Iran Memorandum of Understanding signed on Wednesday against the sudden cancellation of today's planned first round of U.S.-Iran talks in Switzerland amid fresh Israel-Hezbollah attacks.
The Bank of Russia reduced its benchmark interest rate by a quarter basis points on Friday, marking the ninth consecutive cut as inflation stays above the target. The Board of Directors decided to cut the key rate to 14.25 percent from 14.50 percent, the Russian central bank said. Markets had anticipated a 50 basis-point reduction.
The British pound strengthened against other major currencies in the European session on Friday, after the release of strong retail sales figure in May and the political stability indicated by Andy Burnham's victory in the Makerfield by-election. Investors considered the possibility of further political...
UK retail sales rebounded in May as promotions and the hot weather drove consumer spending data, from the Office for National Statistics showed Friday. Retail sales grew by more-than-expected 1.2 percent on a monthly basis in May, in contrast to April's 1.0 percent fall. Sales were forecast to climb 0.5 percent. Excluding auto fuel sales, retail sales moved up 1.2 percent.
Retail sales and public sector finances from the UK and monetary policy decision from Russia are due on Friday. At 2.00 am ET, the Office for National Statistics releases UK retail sales and public sector net borrowing figures.
The U.S. Dollar value edges higher following the projections by the Federal Open Market Committee which indicated a higher interest regime for the rest of the year. Concerns over oil output restoration despite the resumption of shipping traffic across the Strait of Hormuz added support to the dollar.
A report released by the Conference Board on Thursday showed its reading on leading U.S. economic indicators edged higher for the second straight month in May. The Conference Board said its leading economic index inched up by 0.1 percent in May after rising by 0.2 percent in April. The uptick matched economist estimates.
Philadelphia-area manufacturing activity expanded overall in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity shot up to a positive 10.3 in June from a negative 0.4 in May, with a positive reading indicating growth.
The Bank of England left its key interest rate unchanged on Thursday as inflation slowed unexpectedly and unemployment declined, and the US-Iran peace deal lowered the upside risks to inflation. The Monetary Policy Committee, led by Governor Andrew Bailey, voted 7-2 to hold the bank rate at 3.75 percent, which is the lowest rate since June 2023.
A report released by the Labor Department on Thursday showed a modest pullback in first-time claims for U.S. unemployment benefits in the week ended June 13th. The Labor Department said initial jobless claims dipped to 226,000, a decrease of 4,000 from the previous week's revised level of 230,000. Economists had expected jobless claims to edge down to 225,000.
The Swiss National Bank left its policy rate unchanged on Thursday as inflation continues to remain well within the target. The central bank left its policy rate at zero percent, in line with market expectations. The SNB had lowered the key rate by 175 basis points since March 2024.
The British pound weakened against other major currencies in the European session on Thursday, as traders await the Bank of England (BOE) monetary policy decision due later in the day. The BoE is set to announce its monetary policy decision later today. Markets anticipate the BoE to maintain its...
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.