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US official says Iranian retaliation could come as soon as next day or two – Reuters
Citing two US officials on Monday, Reuters reported that the US assesses a high risk of an Iranian retaliation against the US forces soon and added that the US is still pursuing a diplomatic resolution, per Reuters.Fxstreet
Mon, Jun 23
Lagarde speech: Risks to growth outlook remain tilted to downside
While testifying before the European Parliament on Monday, European Central Bank (ECB) President Christine Lagarde said that survey data point to some weaker prospects for economic activity in the near term, per Reuters.Fxstreet
Mon, Jun 23
Germany to raise defence spending to 3.5% of GDP by 2029, sources say
By Maria Martinez BERLIN, June 23 (Reuters) - Germany will boost defence spending to 3.5% of gross domestic product by 2029, sources said on Monday, aiming to send a strong signal with its 2025 budget ahead of this week's NATO summit in The Hague.Germany's total defence spending will go u...Reuters
Mon, Jun 23
Trump to push NATO defense spending at summit, White House says
WASHINGTON, June 23 (Reuters) - U.S. President Donald Trump will push NATO members to increase defense spending to 5% of GDP when he goes to the defense alliance summit on Tuesday, White House spokeswoman Karoline Leavitt said."One of the main topics of discussion will be that 5% threshold that ...Reuters
Mon, Jun 23
WTO grants Chinese request for panel on Canadian tariffs, trade official says
BERLIN, June 23 (Reuters) - The dispute settlement body of the World Trade Organization (WTO) has agreed to a request from China for a panel regarding additional import duties imposed by Canada on certain Chinese products, a Geneva-based trade official said on Monday.Reuters
Mon, Jun 23
USD: Safe-haven sentiment is pulling the strings – Rabobank
The direction of oil prices this morning reflects the market’s cumulative view on what it deems to be the current level of risk regarding the Middle East crisis. Brent oil spiked higher at the open only to fall back to below levels traded towards the end of last week.Fxstreet
Mon, Jun 23
Sluggish UK business activity improves, PMI shows, but threats to outlook abound
UK business activity expands modestly, new orders grow for first time this yearServices sector grows fastest in three months, outpaces German and French counterpartsEmployment, export business, future output indexes worsen amid global uncertaintyBy Andy Bruce LONDON, June 23 (Reuters) - British b...Reuters
Mon, Jun 23
Trump threatens Powell with dismissal again – Commerzbank
It came as no surprise that Fed Chair Jay Powell would draw the wrath of the US president with the FOMC's decision to leave interest rates unchanged once again – nor did the increasing rudeness displayed by the US president come as a surprise.Fxstreet
Mon, Jun 23
German industrial lobby group cuts 2025 economic forecast as US tariffs weigh
June 23 (Reuters) - The German economy is set to contract more than previously expected in 2025 as U.S. tariffs weigh on exports, the BDI industry association said on Monday, forecasting a 0.3% contraction in 2025.In January BDI had forecast a 0.1% contraction, but flagged that changes to U.S. tarif...Reuters
Mon, Jun 23
USD bounce looks small so far – ING
Here are a few initial considerations on the FX reaction to this weekend’s US strikes in Iran, with the caveat that this is a fast-developing situation. First, the dollar bounce looks small so far, especially considering its oversold and undervalued position.Fxstreet
Mon, Jun 23
EUR: Chance of returning to 1.140 – ING
The yen and antipodeans are most under pressure at the time of writing, but it was EUR and SEK that initially took the biggest hits in G10 as markets reopened, which could signal they’re the two G10 currencies most vulnerable to further meaningful geopolitical escalation, ING's FX analyst Francesco
Fxstreet
Mon, Jun 23
Euro zone growth stalls in June with sluggish services, manufacturing
Euro zone business growth flatlined in June, PMI showsGermany showed signs of recovery, France still strugglingSluggish UK business activity improvedBy Jonathan Cable LONDON, June 23 (Reuters) - The euro zone economy flatlined for a second month in June, barely expanding as the bloc's dominan...Reuters
Mon, Jun 23
