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South Korea June 1-20 exports up as US shipments rise despite tariffs
SEOUL, June 23 (Reuters) - South Korea's exports for the first 20 days of June rose 8.3% from a year earlier, after falling in May for the first time in four months, early data showed on Monday. Exports of semiconductors rose 21.8%, while cars and ships gained 9.2% and 47.9%, respectively, accor...Reuters
Mon, Jun 23
EUR/USD loses traction below 1.1500 after US attacks Iran
The EUR/USD pair softens to around 1.1480 during the early Asian session on Monday. The Greenback edges higher against the Euro (EUR) as US President Donald Trump’s decision to join Israel’s war against Iran sharply escalates the conflict.
Fxstreet
Mon, Jun 23
Fed may need less forward guidance in uncertain times, Daly says
SAN FRANCISCO, June 22 (Reuters) - The U.S. central bank should consider giving less forward guidance about its monetary policy intentions, particularly in uncertain times, San Francisco Federal Reserve Bank President Mary Daly said on Sunday. "Words have power, which is a great tool. But words...Reuters
Mon, Jun 23
Japan factory activity returns to growth after 11-month contraction, PMI shows
TOKYO, June 23 (Reuters) - Japan's manufacturing activity returned to growth in June after nearly a year of contraction, but demand conditions remain murky due to worries over U.S. tariffs and the global economic outlook, a private-sector survey showed on Monday.Meanwhile, the service sector'...Reuters
Mon, Jun 23
Fed's Daly: Employment, inflation risks roughly in balance
Federal Reserve Bank of San Francisco President Mary Daly said on Friday that she sees the Fed’s monetary policy stance as “in a good place,” with risks to its US employment and price stability mandates as roughly equal, per Bloomberg.Fxstreet
Mon, Jun 23
AUD/USD attracts some sellers below 0.6450 as US strikes Iran’s nuclear sites
The AUD/USD pair attracts some sellers to near 0.6440 during the early Asian session on Monday. The US Dollar (USD) edges higher amid the rising tensions in the Middle East after the United States (US) carried out airstrikes on three nuclear sites in Iran over the weekend.
Fxstreet
Sun, Jun 22
Australia's S&P Global Manufacturing PMI comes in at 51.0 in June, Services PMI rises to 51.3
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) came in at 51.0 in June versus 51.0 prior, the latest data published by S&P Global showed on Monday.The S&P Global Australian Services PMI improved to 51.3 in June from the previous reading of 50.6, whileFxstreet
Sun, Jun 22
US inserts itself into Israel-Iran war and strikes Iranian nuclear sites - Bloomberg
The United States (US) carried out airstrikes on three nuclear sites in Iran early Sunday, directly entering Israel’s war with Iran despite US President Donald Trump’s longtime promises to avoid new foreign conflicts, per Bloomberg.Fxstreet
Sun, Jun 22
Ukraine asks allies to allocate 0.25% of GDP to boost its weapon production
KYIV, June 21 (Reuters) - President Volodymyr Zelenskiy has called on Ukraine's Western partners to allocate 0.25% of their GDP to helping Kyiv ramp-up weapons production and said the country plans to sign agreements this summer to start exporting weapon production technologies.In remarks releas...Reuters
Sat, Jun 21
Trump says he may change his mind about firing Fed Chair Powell
Trump criticizes Powell over interest rates, considers firing himFed holds rates steady, forecasts slower growth and higher inflationSupreme Court ruling limits Trump's ability to fire PowellBy Trevor Hunnicutt and Jasper Ward WASHINGTON, June 20 (Reuters) - U.S. President Donald Trump on Fri...Reuters
Fri, Jun 20
WRAPUP 2-Fed split on whether to hedge on inflation, or proceed with cuts
Fed's Waller is open to cutting rates in JulyBarkin says no rush to cut Daly says the fall may be more appropriate for a rate cutTariff rates, impact on inflation still unresolvedBy Howard Schneider and Michael S. Derby WASHINGTON, June 20 (Reuters) - The close split at the U.S. Federal Reser...Reuters
Fri, Jun 20
Fed's Daly says a rate cut in the fall could be appropriate
June 20 (Reuters) - The fundamentals of the U.S. economy are moving to where an interest rate cut may be necessary, San Francisco Federal Reserve Bank President Mary Daly said on Friday, though she signaled a July rate cut would probably be too early."Unless we saw a faltering in the labor marke...Reuters
Fri, Jun 20
TREASURIES-Yields fall on Iran concerns, Waller says Fed should cut rates
Iran war concerns boosts demand for TreasuriesTrump to decide on Iran response in next two weeksFed's Waller says bank should consider cutting ratesBy Karen Brettell June 20 (Reuters) - U.S. Treasury yields fell on Friday as concerns over the conflict in Iran boosted demand for safe haven bon...Reuters
Fri, Jun 20
Putin says war in Ukraine is not killing Russia's economy
Putin says Russia must not let economy slip into recessionTells officials to ensure balanced growth for cooling economyPressure mounting on central bank to cut rates more quicklySberbank says it has financed no new projects this yearBy Vladimir Soldatkin and Guy Faulconbridge ST PETERSBURG, Russi...Reuters
Fri, Jun 20
Moscow promises to closely monitor foreign businesses that return to Russia
ST PETERSBURG, Russia, June 20 (Reuters) - Russia's Prosecutor General Igor Krasnov, who has led the state's efforts to seize property worth 2.4 trillion roubles ($31 billion), on Friday said foreign companies that return to the country would be watched closely to ensure Russia benefited. Mo...Reuters
Fri, Jun 20
