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Fed Officials Divided on Rate Cut Outlook: A July Cut Looks Fishy, Fall Cuts More Likely
TradingKey - Since the implementation of Trump tariffs, Federal Reserve officials have remained uncertain about their inflationary impact. After the June FOMC meeting, the dovish camp within the Fed has weakened, and a growing divergence in views among policymakers has emerged regarding the timing..TradingKey
Mon, Jun 23
Iran military threatens US with "heavy consequences" after strikes
The Iranian Foreign Minister wrote a letter to the United Nations Secretary General calling for immediate and decisive condemnation of US strikes on Iran. Meanwhile, the Iranian army chief stated that he’s free to take action against US interests.Fxstreet
Mon, Jun 23
Euro area bond yields edge up after US attacks on Iran nuclear sites
By Stefano Rebaudo June 23 (Reuters) - Euro zone government bond yields rose on Monday as investors worry about the potential inflationary impact of an escalation in the Middle East but wait to see if Iran will retaliate against U.S. attacks on its nuclear facilities.U.S. President Donald Trump w...Reuters
Mon, Jun 23
EUR/GBP gathers strength above 0.8550 ahead of Eurozone/UK PMI releases
The EUR/GBP cross trades in positive territory near 0.8570 during the early European trading hours on Monday. The Pound Sterling (GBP) weakens against the Euro (EUR) as UK Retail Sales declined more than expected in May.
Fxstreet
Mon, Jun 23
US attack on Iran adds to economic uncertainty
Economic outlook already uncertain due to tariff policyFed Chair Powell to give Congressional testimony Tuesday, WednesdayLabor market, inflation data expected this weekBy Ann Saphir June 23(Reuters) - The U.S. bombing of Iran's nuclear sites injected fresh uncertainty into the outlook for in...Reuters
Mon, Jun 23
New Zealand's 'golden visa' scheme lures US investors
SYDNEY, June 23 (Reuters) - New Zealand said on Monday there has been a rush in applications for its new foreign investor migrant visa as the centre-right government looks to lure more high net-worth individuals to the country to stimulate economic growth. The government in April relaxed rules for t...Reuters
Mon, Jun 23
Australian Dollar remains subdued following PMI data, eyes on Middle East conflict
The Australian Dollar (AUD) depreciated against the US Dollar (USD) on Monday, extending its losses for the third successive session. The AUD/USD pair remains weaker amid dampened risk sentiment, driven by the escalating Middle East tension.
Fxstreet
Mon, Jun 23
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
