News
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Japan core inflation hits 2-year high, keeps rate-hike bets alive
May core CPI rises 3.7% yr/yr vs forecast +3.6%Index excluding fresh food, fuel up 3.3% yr/yr in MayBoard divided on inflation outlook, some see risk of overshootBOJ report says slow rate hike could cause wage-price spiralGovernor Ueda reiterates BOJ's resolve to keep raising ratesBy Leika Kihar...Reuters
Fri, Jun 20
Retail Sales Plunge Unexpectedly — UK Economy Off to a Weak Start in Q2
TradingKey – Data released by the UK Office for National Statistics on Friday showed a sharp decline in retail sales. UK retail sales fell 2.7% month-on-month in May , far exceeding the market expectation of a modest -0.5% drop , and marking the biggest decline since December 2023.TradingKey
Fri, Jun 20
Bailey speech: Ukraine's goal for price stabilty 'credible and critical'
Bank of England Governor Andrew Bailey said on Friday, "you (Ukraine's central bank) have been very clear in public that after the security risks abate and appropriate macroeconomic conditions are established in place, you will return to conventional inflation targeting.”Fxstreet
Fri, Jun 20
GBP/JPY falls below 196.00, trims recent gains following poor UK Retail Sales data
GBP/JPY holds ground for the second successive day, trading around 195.90 during the Asian hours on Friday. The currency cross has trimmed its daily gains after the weaker-than-expected Retail Sales data released from the United Kingdom (UK).
Fxstreet
Fri, Jun 20
China Holds June LPR Rates Steady – Trade War De-Escalation Leads to More Cautious Monetary Easing Outlook
TradingKey - On Friday, June 20, China released its June Loan Prime Rate (LPR) decision, with the one-year LPR rate held steady at 3.0%, and the five-year or longer LPR also unchanged at 3.5%, in line with market expectations.
TradingKey
Fri, Jun 20
Europe Returns to the Era of Zero Interest Rates! Swiss National Bank Warns of Intervention Against Strong Franc
TradingKey - While major central banks around the world remain hesitant about further rate cuts, the Swiss National Bank (SNB) has cut interest rates for the sixth consecutive meeting, pressured by deteriorating economic outlook and an abnormally strong Swiss franc. Its latest rate decision has ...
TradingKey
Fri, Jun 20
EUR/JPY extends upside to near 167.50 despite strong Japanese CPI inflation data
The EUR/JPY cross attracts some buyers to around 167.50 during the early European session on Friday. The uncertainty over the timing of the next Bank of Japan (BoJ) rate hike weighs on the Japanese Yen (JPY).
Fxstreet
Fri, Jun 20
