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Japanese Yen trades in neutral zone as investors assess US PMIs and ADP data
The USD/JPY pair is trading in a neutral zone on Tuesday as investors digest the latest United States (US) Purchasing Managers Index (PMI) figures and recent ADP employment data, awaiting a stronger catalyst from Federal Reserve (Fed) commentary.
Tue, Jun 23
British Pound falls amid UK political uncertainty, hot US PMI
The Pound Sterling dives over 0.40% on Tuesday as risk appetite shifts sour, as the recently sworn-in MP Andy Burnham prepares to succeed Keir Starmer, who lasted two years at the job. At the time of writing, the GBP/USD trades at 1.3195, after reaching a daily high of 1.3259.
Tue, Jun 23
Reserve Bank of Australia: Slowing demand supports steady rates – TD Securities
TD Securities strategist Prashant Newnaha notes that softer S&P Australia Flash Composite PMI data, including weaker new orders and moderating price pressures, supports the Reserve Bank of Australia keeping its cash rate unchanged at 4.35% in August.
Tue, Jun 23
Canadian Dollar falls to multi‑month low as Fed hike bets rise, Oil weighs
USD/CAD trades around 1.4190 on Tuesday at the time of writing, up 0.25% on the day and extending a four-day winning streak to its highest level since April 7.
Tue, Jun 23
Euro drops below 1.1400 as hawkish Fed bets push the US Dollar to one-year highs
The Euro (EUR) extends losses against the US Dollar (USD) on Tuesday, with EUR/USD slipping below the 1.1400 mark, a support level that had held since June 2025.
Tue, Jun 23
Natural gas: Lower TTF path but winter risks – Rabobank
Rabobank’s energy strategists Joe DeLaura and Florence Schmit cut TTF Natural Gas forecasts on easing supply risks from the Strait of Hormuz reopening.
Tue, Jun 23
Euro area: PMIs signal weak activity and sticky prices – Nomura
Nomura strategists note Euro area business activity stayed in contraction in June, with the composite PMI at 49.5 despite a small rise.
Tue, Jun 23
British Pound: Fiscal worries cap recovery against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the British Pound (GBP) is softer versus the US Dollar (USD) after mildly disappointing Purchasing Managers' Index (PMI) and CBI data, with market reaction muted.
Tue, Jun 23
Oil: Limited downside as sanctions ease – Commerzbank
Commerzbank’s Carsten Fritsch notes that Brent has dropped back below USD 80, briefly touching USD 76.5, after the US allowed Iran to export oil and oil products until at least August 21.
Tue, Jun 23
Copper: Tariff support versus demand risks – TD Securities
TD Securities’ commodity team notes that Copper is seeing large CTA (Commodity Trading Advisors) selling as markets look past Strait of Hormuz supply risks and focus more on macro and demand-side weakness.
Tue, Jun 23
BoE’s Taylor: “We enter this shock with a very weak economy”
Bank of England (BoE) policymaker Alan Taylor said on Tuesday that keeping interest rates on hold for an extended period remains the most appropriate policy response, according to the text of a speech due to be delivered at an event hosted by Barclays and the Center for Economic Policy Research.
Tue, Jun 23
United States Richmond Fed Manufacturing Index came in at 4 below forecasts (9) in June
United States Richmond Fed Manufacturing Index came in at 4 below forecasts (9) in June
Tue, Jun 23
“Global imbalances are growing and may also be fuelling financial stability risks”: BoC's Macklem
Bank of Canada (BoC) Governor Tiff Macklem said on Tuesday that global imbalances are increasing and may risk financial stability.
Tue, Jun 23
Canadian Dollar: Remains soft as USD trend extends – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) retains a soft undertone despite a first modest gain versus the US Dollar (USD) in eight sessions, helped by firmer May Consumer Price Index (CPI) and steadier US–Canada spreads.
Tue, Jun 23
United States S&P Global Manufacturing PMI above expectations (54.8) in June: Actual (55.7)
United States S&P Global Manufacturing PMI above expectations (54.8) in June: Actual (55.7)
Tue, Jun 23
United States S&P Global Services PMI came in at 51.3, above forecasts (51) in June
United States S&P Global Services PMI came in at 51.3, above forecasts (51) in June
Tue, Jun 23
United States S&P Global Composite PMI up to 52.2 in June from previous 51.5
United States S&P Global Composite PMI up to 52.2 in June from previous 51.5
Tue, Jun 23
Oil: Sanctions waiver pressures prices – ING
ING analysts Warren Patterson and Ewa Manthey say Oil prices fell sharply after the US granted a 60-day waiver allowing Iranian exports, adding to pressure from rising flows through the Strait of Hormuz.
Tue, Jun 23
Silver Price Forecast: Can bulls defend $60 as the US Dollar climbs to one-year highs?
Silver (XAG/USD) slides more than 4% on Tuesday as the US Dollar (USD) climbs to near one-year highs after the Federal Reserve's (Fed) hawkish tilt at last week's monetary policy meeting reinforced expectations that interest rates will remain higher for longer.
Tue, Jun 23
Euro: Eurozone PMIs show two-speed recovery – TD Securities
TD Securities’ Global Strategy Team reports that June Eurozone PMIs confirm a divergence between stabilizing German manufacturing and still weak French services.
Tue, Jun 23
