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Euro advances against Canadian Dollar despite higher oil prices
EUR/CAD inches higher after registering over 0.5% losses in the previous day, trading around 1.6070 during the European hours on Monday. The currency cross gains some ground as the commodity-linked Canadian Dollar (CAD) struggles despite higher oil prices.
Fxstreet
Mon, Jun 8
IRGC retaliates by attacking petrochemical site in northern Israeli city of Haifa
According to the Fars news agency, Iran’s Revolutionary Guards Corps (IRGC) has confirmed attacking a petrochemical site in northern Israeli city of Haifa, in retaliation for Israel’s attack on a similar plant in Iran, The Guardian reported.Fxstreet
Mon, Jun 8
Experts agree: The Indian Rupee enjoys a short-term respite that may not last
The Indian Rupee (INR) is receiving a notable boost following the Reserve Bank of India's (RBI) monetary policy meeting on Friday, when policymakers unanimously decided to hold the benchmark repo rate steady at 5.25%.Fxstreet
Mon, Jun 8
Federal Reserve: Warsh debut raises independence questions – DBS
Philip Wee at DBS Group Research highlights that Kevin Warsh’s first meeting as Fed Chair will be critical for perceptions of Federal Reserve independence. Warsh must reconcile President Trump’s push for rate cuts with a more data-dependent, hawkish FOMC.Fxstreet
Mon, Jun 8
European Central Bank: Gradual rate hike path, cuts next year – Commerzbank
Commerzbank’s Rainer Guntermann says a 25bp ECB hike on Thursday is almost certain and fully priced, marking the first increase since September 2023. He expects no back-to-back move in July, viewing that as premature, but looks for another hike in September.Fxstreet
Mon, Jun 8
Iran holds US responsible for recent ceasefire breaches
According to an Iran's foreign ministry spokesperson, Esmail Baghaei, the United States (US) is responsible for the recent ceasefire breaches. “The actions of the Zionist entity within the region cannot be looked at in isolation from the United States, Baghaei said.Fxstreet
Mon, Jun 8
Equities: Tech-led selloff seen as normal correction – Danske Bank
Danske Research Team describes Friday’s equity selloff as heavily concentrated in US semiconductor and large-cap tech names after a roughly 50% two‑month rally. The bank argues the move was not primarily driven by Iran headlines or US jobs data.
Fxstreet
Mon, Jun 8
Iran-backed Houthis launch attacks on Israel, banning Israeli shipping in Red sea
Iran-backed Houthis confirm that have launched attacks on Israel as group and 'bans' Israeli shipping in Red Sea. Meanwhile, the Israeli military has said that the new barrage of missiles is incoming from Iran, leading to fears of a resumption of an all-out war in the Middle East.Fxstreet
Mon, Jun 8
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