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USD strengthens on geopolitical risks as oil offers CAD support – Scotiabank
The US Dollar (USD) is strengthening broadly on the back of geopolitical tensions as market participants respond to news of Israeli airstrikes launched against Iran, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Fri, Jun 13
USD/CNH: Likely to trade in a range between 7.1700 and 7.1950 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1700 and 7.1950. In the longer run, 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
Fri, Jun 13
Morning News Call - Canada, June 13
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0830 Capacity ut...Reuters
Fri, Jun 13
EU trade surplus with US grows in April despite tariffs
BRUSSELS, June 13 (Reuters) - The European Union's goods trade surplus with the United States expanded in April even after U.S. tariffs, data released on Friday showed, while the bloc's exports to China dropped for a ninth consecutive month.The EU's surplus in goods trade as a whole decl...Reuters
Fri, Jun 13
UoM US Consumer Sentiment set to rise slightly as markets focus on inflation expectations
The United States (US) will see the release of the preliminary estimate of the June University of Michigan's (UoM) Consumer Sentiment Index on Friday. The report is a monthly survey conducted by the University that gathers information on consumer expectations for the economy.Fxstreet
Fri, Jun 13
China May bank loans rise less than expected as trade jitters weigh
May new loans 620 bln yuan vs forecast 850 bln yuanYear-on-year lending growth hits fresh record lowMay M2 money supply +7.9% y/y, vs forecast of +8.1%Trade deal, monetary measures help sentiment somewhatBy Kevin Yao, Shi Bu and Liz Lee BEIJING, June 13 (Reuters) - New bank lending in China rose ...Reuters
Fri, Jun 13
Bank of Mexico's Heath wants inflation reversal before more major rate cuts
MEXICO CITY, June 13 (Reuters) - Mexico's central bank should avoid cutting its benchmark interest rate by 50 basis points until inflation resumes a clear downward trajectory, Deputy Governor Jonathan Heath told Reuters, adding his view is in the minority among the five-member board. Despite con...Reuters
Fri, Jun 13
Fed expected to keep rates steady as tariff risks outweigh inflation data
WASHINGTON, June 13 (Reuters) - The Federal Reserve is widely expected to hold interest rates steady next week, with investors focused on new central bank projections that will show how much weight policymakers are putting on recent soft data and how much risk they attach to unresolved trade and budReuters
Fri, Jun 13
Full-scale war in the Middle East moves another step closer – Commerzbank
The conflict in the Middle East became more explosive overnight: after the US withdrew embassy staff from Iraq, and amid reports that Israel could attack Iran, military strikes were carried out last night, Commerzbank's FX analyst Michael Pfister notes.Fxstreet
Fri, Jun 13
Euro zone industry, trade take big hits in April amid tariff turmoil
FRANKFURT, June 13 (Reuters) - Euro zone industry and trade took major hits in April, likely reflecting U.S. tariffs announcements, challenging the view of economists that the bloc is holding up well in the face of economic turmoil.Industrial production fell by 2.4% on the month in April, more than ...Reuters
Fri, Jun 13
High oil prices due to Israeli strikes on Iran would hurt German economy, DIW says
Israel-Iran conflict may impact German economy via oil price hikesGermany's economic growth forecast raised due to strong first quarterGovernment investment package expected to boost economy despite U.S. trade policy challengesBy Maria Martinez BERLIN, June 13 (Reuters) - A conflict between I...Reuters
Fri, Jun 13
German ministry warns trade uncertainty could weaken economy
BERLIN, June 13 (Reuters) - The German economy ministry warned that uncertainty over the United States' trade policy remains high and could threaten economic recovery, in its monthly report published on Friday."Therefore, a renewed weakening of the German economy in the further course of the...Reuters
Fri, Jun 13
German economy expected to grow by 0.3% in 2025, DIW Berlin says
BERLIN, June 13 (Reuters) - The German economy is expected to grow by 0.3% this year following two consecutive years of contraction, the economic institute DIW Berlin said on Friday, the fifth institute to raise its forecasts for 2025 and 2026.The DIW had previously expected 0.1% growth for 2025 but...Reuters
Fri, Jun 13
China's 2025 LNG imports expected to fall in unusual downturn, analysts say
Analysts forecast China's LNG imports to fall between 6% and 11% in 2025Weak demand from industrial and chemical users, mild winter to blameDecline unusual blip for world's largest LNG importerBy Sam Li and Emily Chow BEIJING/SINGAPORE, June 13 (Reuters) - China's annual imports of li...Reuters
Fri, Jun 13
