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“More than 100 million barrels of Oil moved through Strait of Hormuz”: US President Trump briefs on Hormuz
United States (US) President Donald Trump said on Tuesday that a secret US military operation helped secure commercial shipping through the Strait of Hormuz, allowing more than 100 million barrels of Oil to reach global markets amid ongoing tensions involving Iran.
Fxstreet
Wed, Jun 10
Trump threatens heavy Iran strikes as Tehran defies pressure
US President Donald Trump said that the US “will be attacking Iran very hard,” as he pressures Tehran to sign the deal, adding that “they’ve taken too long to negotiate a deal that would have been great for them, now they will have to pay the price.”Fxstreet
Wed, Jun 10
Denmark: Core inflation rise as headline stays below Euro area – Nordea
Nordea’s Jan Størup Nielsen notes that Danish consumer prices rose 1.9% year-over-year in May, with core inflation at 2.1%, its highest level since the start of 2024. Monthly inflation was driven by higher hotel and travel prices, while food and non-alcoholic beverages fell.
Fxstreet
Wed, Jun 10
British Pound: Holds gains against US Dollar with limited data risk – Scotiabank
Scotiabank’s Shaun Osborne and Eric Theoret note GBP/USD is slightly higher, British Pound (GBP) outperforming most G10 peers except the Canadian Dollar (CAD) and Norwegian Krone (NOK), as traders await UK trade and industrial production data before the June 18 BoE meeting.
Fxstreet
Wed, Jun 10
Aluminium: Exports and speculative longs increase – ING
ING strategists Warren Patterson and Ewa Manthey highlight that Chinese unwrought Aluminium and product exports rose strongly in May to the highest level since November 2024, helped by overseas demand after Middle East disruptions.Fxstreet
Wed, Jun 10
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