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Eurozone consumer one-year inflation expectations cool down to 3.5% - ECB survey shows
According to the latest European Central Bank (ECB) survey, one-year forward Eurozone inflation expectations are expected to cool down, but longer-term projections remain steady, Reuters reports.Fxstreet
Fri, Jun 26
Iran’s Foreign Ministry: US military presence in Gulf is source of insecurity and division in region
Iranian Foreign Ministry said during the European trading session on Friday that the joint statement by the United States (US) and Gulf Cooperation Council (GCC) contains 'interventionist, irresponsible and provocative positions'.Fxstreet
Fri, Jun 26
US Dollar: Strength extends as growth holds – Commerzbank
Commerzbank’s Volkmar Baur notes that despite easing Oil prices and lower inflation expectations, market pricing still anticipates at least one more Federal Reserve rate hike by year-end, while the ECB is seen delivering only one further move to 2.5%.
Fxstreet
Fri, Jun 26
US Dollar Index weakens below 101.50 after US PCE inflation as Fed rate hike odds fade
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.40 during the early European trading hours on Friday.Fxstreet
Fri, Jun 26
Indonesian Rupiah holds losses as US Dollar receives support from Fed hike bets
USD/IDR inches lower after opening at a bullish gap, remaining in the positive territory and trading around 18,000 during the Asian hours on Friday. The pair holds gains as the US Dollar (USD) finds support from growing expectations of a Federal Reserve (Fed) rate hike.Fxstreet
Fri, Jun 26
Asian stock markets plummet as Apple price hike raises inflation concerns, KOSPI dives over 8%
Asian equity markets on Friday are significantly down as price hikes announced by Apple Inc. due to memory chip shortages have prompted fears of high inflation globally and concerns on earning projections of various companies that rely on these sophisticated chips for their final products.Fxstreet
Fri, Jun 26
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