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Mexico headline inflation rose by less than anticipated, MXN to retain the soft tone
Mexico reported that 12-month inflation rose by 3.94% in May, down from 4.45% previously and the 4.03% expected by market participants.
USD/MXN
Fxstreet
Tue, Jun 9
United States ADP Employment Change 4-week average: 29K (May 16) vs previous 35.75K
United States ADP Employment Change 4-week average: 29K (May 16) vs previous 35.75K
Fxstreet
Tue, Jun 9
Mexico 12-Month Inflation registered at 3.94%, below expectations (4.03%) in May
Mexico 12-Month Inflation registered at 3.94%, below expectations (4.03%) in May
Fxstreet
Tue, Jun 9
Mexico Core Inflation came in at 0.22% below forecasts (0.24%) in May
Mexico Core Inflation came in at 0.22% below forecasts (0.24%) in May
Fxstreet
Tue, Jun 9
Mexico Headline Inflation below forecasts (-0.12%) in May: Actual (-0.21%)
Mexico Headline Inflation below forecasts (-0.12%) in May: Actual (-0.21%)
Fxstreet
Tue, Jun 9
Hungarian Forint: Stable against Euro as NBH easing priced – ING
ING’s Frantisek Taborsky says Hungary’s May inflation at 1.8% year-on-year confirms an idiosyncratic disinflation story and makes a June NBH easing cycle “a done deal”, with an initial 25 bp cut to 6.00% and 75 bp total this year.
EUR/HUF
USD/CZK
Fxstreet
Tue, Jun 9
Swiss Franc: Testing key resistance band against Euro – Societe Generale
Societe Generale’s Kenneth Broux and colleagues note that EUR/CHF has formed a higher low near 0.9090 versus March’s 0.8980, signalling reduced downside momentum as the cross approaches its 200‑day moving average and a multi‑year descending trendline around 0.9240/0.9265.
EUR/CHF
Fxstreet
Tue, Jun 9
Portugal Global Trade Balance: €-8.563B (April) vs previous €-8.417B
Portugal Global Trade Balance: €-8.563B (April) vs previous €-8.417B
Fxstreet
Tue, Jun 9
United States NFIB Business Optimism Index below forecasts (96) in May: Actual (95.3)
United States NFIB Business Optimism Index below forecasts (96) in May: Actual (95.3)
Fxstreet
Tue, Jun 9
Bank of Canada: Policy on hold as external shocks bite – Rabobank
Rabobank’s Molly Schwartz and Christian Lawrence expect the Bank of Canada (BoC) to keep its policy rate at 2.25% at the June 10 meeting and through year-end.
Fxstreet
Tue, Jun 9
South Africa Gross Domestic Product (QoQ) rose from previous 0.4% to 0.5% in 1Q
South Africa Gross Domestic Product (QoQ) rose from previous 0.4% to 0.5% in 1Q
Fxstreet
Tue, Jun 9
South Africa Gross Domestic Product (YoY) rose from previous 0.8% to 1.9% in 1Q
South Africa Gross Domestic Product (YoY) rose from previous 0.8% to 1.9% in 1Q
USD/ZAR
Fxstreet
Tue, Jun 9
Spain 3-Month Letras Auction rose from previous 2.154% to 2.239%
Spain 3-Month Letras Auction rose from previous 2.154% to 2.239%
Fxstreet
Tue, Jun 9
Spain 9-Month Letras Auction rose from previous 2.514% to 2.518%
Spain 9-Month Letras Auction rose from previous 2.514% to 2.518%
Fxstreet
Tue, Jun 9
Equities: Tech rebounds but breadth weak – Deutsche Bank
Deutsche Bank strategists note that US equities stabilised after Friday’s slump, with the NASDAQ and semiconductor stocks leading the rebound.
SPX500
Fxstreet
Tue, Jun 9
Swiss Franc: Weakens against Euro on softer Swiss rates – ING
ING’s Chris Turner notes EUR/CHF has drifted back to 0.92 as Swiss rates lag global moves and markets price three European Central Bank (ECB) hikes over the next 10–12 months.
EUR/CHF
Fxstreet
Tue, Jun 9
Israel issues evacuation order for residents of Lebanese city of Tyre
In Tuesday’s European session, Israeli army’s Arabic-language spokesperson, Avichay Adraee, has issued warning for residents of Lebanese city of Tyre to evacuate immediately ahead of attacks.
Fxstreet
Tue, Jun 9
Equities: Tech-led rebound contrasts Asia weakness – Danske Bank
Danske Research Team describes uneven equity performance, with Far East markets dragging global indices lower while US benchmarks rebounded, led by technology and energy. AI-related themes and Iran news, including Oil price moves, remain dominant drivers.
Fxstreet
Tue, Jun 9
Why is the British Pound struggling when the BoE is considering rate hikes?
The British Pound (GBP) is struggling as mounting political uncertainty and deteriorating economic indicators complicate the United Kingdom's outlook.
GBP/USD
Fxstreet
Tue, Jun 9
Euro remains stronger against Japanese Yen following German Industrial Production data
EUR/JPY extends its gains for the second successive day, trading around 184.90 during the Asian hours on Tuesday. The currency cross holds gains as the Euro (EUR) remains stronger following the release of Industrial Production and Trade Balance data.
Fxstreet
Tue, Jun 9
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