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Bank of England's Bailey links sterling strength to US uncertainties
LONDON, June 26 (Reuters) - Bank of England Governor Andrew Bailey said on Thursday a recent strengthening of sterling reflected changing expectations among investors about the U.S. economy rather than differing outlooks for interest rates which often drive the currency markets."There are some...Reuters
Thu, Jun 26
GBP hits fresh multi-year highs – Scotiabank
The Pound Sterling (GBP) is up 0.6% against the US Dollar (USD) and performing in line with its peers, responding to Fed developments that are weighing on the USD more broadly, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Thu, Jun 26
No love for the dollar as markets fret about Fed independence
Dollar index falls to fresh 3-year lowsThreat to US institutions' credibility a growing worry-investorsFurther downside to dollar seenBy Dhara Ranasinghe and Linda Pasquini LONDON, June 26 (Reuters) - A battered dollar is taking another beating as investors, unnerved by fresh signs of an eros...Reuters
Thu, Jun 26
Argentex unit accepts UK financial watchdog's restrictions post collapse
June 26 (Reuters) - Britain's Argentex AGFX.L said on Thursday its unit has agreed to certain trading restrictions imposed by the UK's Financial Conduct Authority following the currency risk manager's collapse amid extended market volatility.Argentex, one of the first known casualties of...Reuters
Thu, Jun 26
FOREX-Dollar slips on Fed's credibility concerns as euro nears 4-year high
Dollar at multi-year lows as euro briefly tops $1.1700More reports Trump considering early pick for Fed chairEnd of US 'exceptionalism' undermines dollarBy Wayne Cole and Linda Pasquini SYDNEY/GDANSK, June 26 (Reuters) - The dollar slipped to multi-year lows against the euro and Swiss fra...Reuters
Thu, Jun 26
NZD/USD nears YTD highs at 0.6090 amid generalised USD weakness
The New Zealand Dollar extends gains for the fourth consecutive day on Thursday, and is nearly 2% high on the week so far, looking highly likely to re-test year-to-date highs at the 0.6080-90 area.A higher appetite for risk after the ceasefire in the Middle East eased geopolitical tensions, boosting
Fxstreet
Thu, Jun 26
Brazil central bank lifts 2025 GDP forecast, sees inflation nearing target in 2027
BRASILIA, June 26 (Reuters) - Brazil's central bank has raised its 2025 economic growth forecast to 2.1% from 1.9% in March, according to its quarterly monetary policy report released on Thursday.After previously projecting annual inflation at 3.6% for 2026, the relevant horizon for current poli...Reuters
Thu, Jun 26
Sterling gains against a weaker dollar amid Fed credibility worries
By Linda Pasquini June 26(Reuters) - Sterling rose to its highest in nearly four years against the dollar on Thursday, as worries around the credibility of the U.S. Federal Reserve dragged the greenback lower on its fourth consecutive day of losses.The pound GBP=D3 was up 0.56% against the dollar...Reuters
Thu, Jun 26
CEE MARKETS-Weak dollar, risk-on mood support FX
WARSAW, June 26 (Reuters) - Central European currencies remained firm on Thursday, bolstered by a weakening dollar, a risk-on mood among investors and receding expectations of further near-term monetary easing.Most emerging market currencies gained on Thursday as the dollar dipped following U.S. Pre...Reuters
Thu, Jun 26
USD/CAD extends losses below 1.3700 on broad-based US Dokllkar weakness
The US Dollar has reversed Wednesday’s mild recovery and is accelerating its downtrend on Thursday as Trump’s attacks on the Fed’s independence and reviving fears that unilateral trade tariffs might lead to stagflation are crushing confidence in the US Dollar.US President Trump called Fed Chair PresFxstreet
Thu, Jun 26
USD/JPY: Rapid buildup in momentum suggests further USD declines – UOB Group
Rapid buildup in momentum suggests further US Dollar (USD) declines that could potentially reach 144.25 against Japanese Yen (JPY). In the longer run, USD appears to have moved into a range trading phase between 143.50 and 146.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Jun 26
USD/MXN downtrend set to resume – Société Générale
USD/MXN remains under pressure after confirming a breakdown from a multi-month consolidation. With a rounding top in place and resistance capped at 19.44, the pair appears poised to resume its downtrend toward key support levels, Société Générale's FX analysts note.
Fxstreet
Thu, Jun 26
INDIA RUPEE-Rupee hits two-week high as Fed credibility worries compound dollar's troubles
By Jaspreet Kalra MUMBAI, June 26 (Reuters) - The Indian rupee strengthened to a fortnightly peak on Thursday, bolstered by broad weakness in the dollar on the back of concerns over the future independence of the U.S. Federal Reserve.The rupee INR=IN rose 0.4% to close at 85.7050 per U.S. dollar,...Reuters
Thu, Jun 26
