๐ USD/CAD climbs to 1.3975, up 0.23% on Thursday as US Dollar gains on safe-haven flows amid Middle East tensions. Policy divergence between Fed and BoC adds pressure on Canadian Dollar.
UPDATE: ๐ WTI oil stabilizes near $85/barrel after 5.5% drop yesterday on Trump-Iran deal news. Price steadied during Asian trading hours Friday. #Oil#WTI#Forex
๐จ GEOPOLITICAL: Trump threatens fresh strikes against Iran, stating country must "pay the price" as negotiations drag on, signaling potential renewed conflict in Middle East
UPDATE: ๐ British Pound retreats from weekly peak against Dollar as focus shifts to Iran geopolitical tensions and upcoming UK economic data. #GBPUSD#Forex#PoundSterling
๐ British Pound trades cautiously at 1.3350 vs USD (-0.1%) during European session Thursday as traders await UK monthly GDP release. GBP subdued across major pairs ahead of key economic data.
UPDATE: ๐ British Pound drops 0.19% as US producer prices rise due to Iran war impact, strengthening Dollar. Earlier caution ahead of UK GDP turns to losses on geopolitical pressures.
๐ฆ ECB's Lagarde: "We did not discuss alternatives" to the 25bp rate hike decided at June policy meeting. Central bank raises key rates by 25 basis points as President addresses press following policy decision.
UPDATE: ๐ GBP/JPY consolidates at 214.70, up 0.04% after Trump cancels attacks and hints at deal. Japanese intervention fears continue to limit gains across Yen pairs. #GBPJPY#Forex#Yen
๐ฆ USD/JPY remains elevated near 162 as pressure persists on Japanese Yen, surpassing prior intervention levels - Scotiabank. Markets pricing 25bps BoJ hike Tuesday + another by December.
UPDATE: ๐ Japanese Yen pulls back from 162 level to 160.50 vs USD as intervention fears cap gains despite Dollar strength from US-Iran tensions.
#USDJPY#Forex#JPY
UPDATE: ๐ Gold recovers to $2,240 as Trump cancels Iran strikes, signaling possible US-Iran truce. Price bounces from 6-month low on de-escalation hopes. #Gold#XAU#ForexNews
UPDATE: ๐ช Gold rises 0.58% to $4,091 after hitting 6-month low of $4,023 as US-Iran tensions spark safe-haven demand amid Middle East conflict uncertainty #Gold#XAUUSD#SafeHaven
UPDATE: ๐ British Pound reverses earlier losses, surging higher after Trump cancels Iran strikes at 17:30 GMT and signals deal near completion. #GBP#forex#USD
UPDATE: ๐ Gold now surging +3.50% to $4,212 on Iran deal news, reversing Wednesday losses as Dollar weakens. Markets focus shifts from general rally to safe-haven play. #Gold#XAUUSD#Forex
UPDATE: ๐๏ธ Trump cancels planned Iran strikes, says deal documents in "pretty final shape" - signals shift from military action to diplomatic resolution #Iran#USD#Geopolitics
๐บ๐ธ BREAKING: US President Trump warns "there will be more bombing tonight" in Fox News interview, stating negotiations with Iran continue but additional military strikes expected later today
UPDATE: ๐ข๏ธ Indian Rupee recovers as WTI crude falls to $85 on US-Iran peace deal hopes, reversing earlier losses tied to Middle East tensions #INR#Oil#Forex
๐ฎ๐ณ Indian Rupee tumbles vs USD at Thursday's open, USD/INR surging to near 95.75 amid oil price recovery on US-Iran ceasefire collapse fears. INR weakens as energy concerns mount.
UPDATE: ๐น๐ญ Bank of Thailand dismisses emergency meeting on Baht weakness amid US-Iran tensions, citing strong buffers and returning inflows to bonds/equitiesโcontrasts SNB's cautious FX stance #Thailand#ForexNews#Baht
๐ European Central Bank rate decision ahead โ Commerzbank expects fully priced 25bp hike; market focus shifts to forward guidance on rates path beyond summer as ECB signals policy outlook
UPDATE: ๐จ๐ญ Focus moves from ECB to Swiss National Bank - Nomura expects SNB to hold rates at 0.00% on June 18, citing low inflation, mixed data and Iran uncertainty.
UPDATE: ๐ Taiwan dollar weakens to 31.68 on tech outflows and inflation above 2% target, contrasting with earlier Lagarde inflation focus. USD/TWD up 5 sessions. #TWD#ForexMarkets#Inflation
UPDATE: ๐ค Lagarde shifts focus from growth concerns to price pressures - ECB President now highlighting that short-term inflation expectations have increased
UPDATE: ๐ US Dollar Index reverses earlier gains after President Trump cancels planned military strikes on Iran scheduled for Thursday evening. #USD#DXY#Forex
๐ต US Dollar Index reverses early losses, trading higher in European session as US-Iran ceasefire uncertainty intensifies following recent exchange of attacks between the two nations.
๐ Silver (XAG/USD) rebounds to $64.50 after hitting 2.5-month low of $61.50 earlier Thursday. White metal finds support as US-Iran negotiation news eases market tensions, though bears maintain control of trend.
๐ Standard Chartered: China's export prices continue to dampen global inflation despite higher oil & AI goods lifting import prices and PPI, ending multi-year deflation period - economists Chan & Ding
UPDATE: ๐ข๏ธ WTI pulls back to $89.50 (-0.86%) as US-Iran diplomacy eases supply concerns; traders reduce positions after Middle East tension rally; focus shifts to Fed decision ahead.