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Traders stick bets Fed will wait until September to cut rates
June 17 (Reuters) - Futures contracts that settle to the Federal Reserve's policy rate on Tuesday stuck to bets the U.S. central bank will wait until September to resume interest rate cuts, after the Commerce Department reported retail sales fell more than expected last month.Traders see only ab...Reuters
Tue, Jun 17
US retail sales fall sharply in May
WASHINGTON, June 17 (Reuters) - U.S. retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariffs-related price hikes ebbed, but consumer spending remained supported by solid wage growth. Retail sales fell 0.9% last m...Reuters
Tue, Jun 17
US Retail Sales decline by 0.9% in May vs -0.7% expected
Retail Sales in the United States (US) declined by 0.9% in May to $715.4 billion, the US Census Bureau announced on Tuesday. This reading followed the 1.5% decrease (revised from +0.1%) recorded in April and came in worse than the market expectation for a contraction of 0.7%.Fxstreet
Tue, Jun 17
Euro zone yields edge up amid uncertainty over outcome of Middle East conflict
By Stefano Rebaudo June 17 (Reuters) - Euro zone government bond yields edged up on Tuesday with high levels of uncertainty surrounding the possible outcome of the conflict in the Middle East.Investors were also awaiting the result of the Federal Reserve policy meeting later this week.U.S. Presid...Reuters
Tue, Jun 17
USD/CNH: Likely to trade in a range between 7.1750 and 7.1950 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1750 and 7.1950 against the Chinese Yuan (CNH). USD traded in a quiet manner last Friday. USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Jun 17
US: Section 899 may be weakened in the near future – Commerzbank
Last night, Republican senators presented their version of the 'Big Beautiful Bill', which includes a number of changes. The proposed changes to Section 899 are likely to be particularly relevant for the US Dollar (USD), Commerzbank's FX analyst Michael Pfister notes.Fxstreet
Tue, Jun 17
US President Trump: I have not reached out to Iran for "Peace Talks" in any way
In latest post on his social media platform on Tuesday, Truth Social, US President Donald Trump said: "I have not reached out to Iran for “Peace Talks” in any way, shape, or form. This is just more HIGHLY FABRICATED, FAKE NEWS! If they want to talk, they know how to reach me.Fxstreet
Tue, Jun 17
Fed policymakers gather amid rising geopolitical risks, unclear tariff impact
US retail sales, output data due on first day of Fed meetingNew Middle East tensions add to uncertaintyOutcome of tariff shock remains unclearBy Howard Schneider WASHINGTON, June 17 (Reuters) - Federal Reserve policymakers will begin a two-day meeting on Tuesday with escalating tensions in the Mi...Reuters
Tue, Jun 17
China's new homes demand to remain well short of 2017 peak, says Goldman Sachs
BEIJING, June 17 (Reuters) - Demand for new homes in China is likely to remain substantially below the market's 2017 peak over the next few years, Goldman Sachs said late on Monday in a projection suggesting that the world's second-biggest economy faces a long property slump.China's prop...Reuters
Tue, Jun 17
BoJ: Unchanged as expected – Commerzbank
This morning, the Bank of Japan left its key interest rate unchanged at 0.5%. This decision was anticipated by both economists and the market, and according to the BoJ, it was reached unanimously, Commerzbank's FX analyst Volkmar Baur notes.
Fxstreet
Tue, Jun 17
