G7 finance ministers and central bankers to meet early next week
The main purpose of the meeting is to assess the implications of the US-Iran conflict, with Lescure revealing that he had already spoken to US Treasury secretary Bessent and other…
Read More »EUR/USD maintains a bid tone: Fed easing hopes hurt the US Dollar
The Euro (EUR) is trading firm against the US Dollar (USD) at the week’s opening, trading at levels right above 1.1860 at the time of writing on Monday.
Read More »DKK: Intervention remains absent – Nordea
Despite the weakened Danish Krone (DKK) against the Euro (EUR), the Danish central bank has not intervened in the foreign exchange market, indicating that the current interest rate spread will…
Read More »EUR/GBP stalls below 0.8690 amid mixed data from Germany
The Euro is trading flat in the area of 0.8675 on Friday’s early European session, halfway through the weekly range, following mixed macroeconomic data from Germany. From a wider perspective,…
Read More »EUR/USD remains depressed ahead of the German inflation release
EUR/USD extends its reversal from highs above 1.1600 earlier on Friday, and trades near 1.1560 following a batch of mixed Eurozone figures, as traders brace for the preliminary German inflation…
Read More »EUR: The pain trade continues – ING
EUR/USD continues to grind lower as it has for the last week. Rate differentials have not moved much at all this week and in fact have been mildly supportive for…
Read More »EUR: Focus on the Ifo index – ING
One might have thought EUR/USD would be performing a little better given the global risk environment. A US-China trade truce would be welcome news for global trade, allowing for some…
Read More »EUR/JPY steadies near record high as Euro and Yen face political shocks
EUR/JPY stabilizes around 175.70 on Monday, up 1.4% for the day, after reaching a record high of 176.25. The unexpected resignation of French Prime Minister Sébastien Lecornu, announced just hours…
Read More »Newsquawk Week Ahead: US PCE, PBoC MLF, ECB minutes, Aus CPI, Canada GDP, NVDA earnings
Mon: PBoC MLF, UK Summer Bank Holiday, German Ifo (Aug), US National Activity (Jul) Tue: RBA Minutes, Riksbank Minutes, NBH Announcement, US CaseShiller (Jun) Wed: Australian CPI (Jul), Swiss Investor…
Read More »Euro turns lower as traders digest US-EU trade deal
Is the early optimism starting to wear off? There’s certainly signs to support that argument. The US and EU might have agreed to avoid a worst case scenario for both…
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