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ECB’s Nagel: We are keeping all our options open for July
European Central Bank (ECB) Governing Council Member and President of the Deutsche Bundesbank, Joachim Nagel, said on Friday that the interest rate hike yesterday was necessary as high energy prices are increasingly having an indirect effect on other prices.
Fxstreet
Fri, Jun 12
Indonesian Rupiah declines due to fresh US-Iran military friction
USD/IDR extends its gains for the third consecutive day, trading around 17,950 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) receives support amid renewed risk aversion following fresh military friction in the Middle East, which tempered recent diplomatic optimism.Fxstreet
Fri, Jun 12
United States Dollar Index gains ground above 99.50 as Middle East tensions, hot US PPI fuel demand
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.80 during the Asian trading hours on Friday. The DXY gathers strength amid uncertainty in the Middle East and a hot US inflation report.
Fxstreet
Fri, Jun 12
Australian Dollar edges lower below 0.7050 as US PPI lifts US Dollar
The AUD/USD pair loses momentum to around 0.7030 during the Asian trading hours on Friday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) after US wholesale prices rose more than expected in May.Fxstreet
Fri, Jun 12
Japan’s Katayama: No impact expected on policy meeting after BoJ's Ueda hospitalized
Japan’s Finance Minister Satsuki Katayama said on Friday that the Bank of Japan’s (BoJ) monetary policy meeting on June 15-16 will proceed as planned despite Governor Kazuo Ueda’s absence. Ueda is in the hospital with an infected liver cyst.Fxstreet
Fri, Jun 12
"Iran agreement is in final shape": US President Trump signals de-escalation
United States (US) President Donald Trump said on Thursday that he has canceled planned military strikes against Iran as negotiators are close to reach an agreement on the final elements of a deal." The documents are pretty final shape, so we'll see," he said during an event at the Oval Office.Fxstreet
Thu, Jun 11
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