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JPMorgan sees tariff-induced US 'stagflationary' slowdown in 2025
US recession probability seen at 40% in second half of 2025Bearish outlook on the dollar due to slower US growthBut Tech and AI likely to keep supporting US stocksBy Davide BarbusciaNEW YORK, June 25 (Reuters) - U.S. trade policies will likely slow down global economic growth and rekindle inflation ...Reuters
Wed, Jun 25
Mullen to Accept Bitcoin and $Trump Meme Coin for Commercial EV Purchases
June 25 (Reuters) - Mullen Automotive Inc MULN.O:MULLEN TO BEGIN IMMEDIATELY ACCEPTING CRYPTOCURRENCY, INCLUDING BITCOIN AND $TRUMP MEME COIN, FOR THE PURCHASE OF MULLEN AND BOLLINGER COMMERCIAL ELECTRIC VEHICLESMULLEN AUTOMOTIVE INC: IS ALSO INVESTIGATING ACCEPTANCE OF ADDITIONAL TYPES OF CRYPTO, I...Reuters
Wed, Jun 25
Silver Price Forecast: XAG/USD tests rising channel support, momentum indicators flash caution
Silver (XAG/USD) is showing muted price action on Wednesday, slipping modestly lower but staying within Tuesday’s range. At the time of writing, the metal is trading around $35.75 during the American session, down roughly 0.46% on the day.
Fxstreet
Wed, Jun 25
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.1% lower at C$1.3738 to the greenback, or 72.79 U.S. cents, after trading in a range of 1.3715 to 1.3746.Canadian government 10-year bond yields CA10YT=R...Reuters
Wed, Jun 25
Brazil's May current account deficit smaller than expected, but up from last year
BRASILIA, June 25 (Reuters) - Brazil posted a narrower-than-expected current account deficit in May, though the gap widened from a year earlier as a shrinking trade surplus continued to weigh on the external balance.The country recorded a $2.93 billion current account deficit last month, central ban...Reuters
Wed, Jun 25
FOREX-Dollar struggles to push higher as Israel-Iran ceasefire holds
Dollar struggling to recoup lossesOptimism over fragile Israel-Iran truce keeps mood buoyantFed Chair Powell says he's in no hurry to ease ratesBy Rae Wee and Amanda Cooper SINGAPORE/LONDON, June 25 (Reuters) - The dollar pushed higher against the yen but struggled to regain ground against ot...Reuters
Wed, Jun 25
Brazil's current account deficit reaches $2.93 billion in May
BRASILIA, June 25 (Reuters) - Brazil posted a current account deficit of $2.93 billion in May, central bank data showed on Wednesday, while economists polled by Reuters were expecting a $3.1 billion shortfall.Foreign direct investment for the month totaled $3.662 billion, below the $4.5 billion fore...Reuters
Wed, Jun 25
EUR/GBP flattens above 0.8500 while BoE’s Bailey warns of UK labor market risks
The EUR/GBP pair trades flat around 0.8525 during European trading hours on Wednesday. The cross flattens as market experts reassess their expectations for the Bank of England’s (BoE) monetary outlook for the remainder of the year amid growing concerns over United Kingdom’s (UK) job market.
Fxstreet
Wed, Jun 25
JPY soft as hawkish BoJ comms highlight importance of trade talks – Scotiabank
The Japanese Yen (JPY) is weak, down 0.5% against the US Dollar (USD) and underperforming all of the G10 currencies in relatively quiet trade overall, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Wed, Jun 25
GBP trading in a tight range around 1.36 – Scotiabank
Pound Sterling (GBP) is entering Wednesday’s NA session unchanged vs. the US Dollar (USD), consolidating in a tight range around 1.36 and trading just below Tuesday’s multiyear high that reached levels last seen in January 2022, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report
Fxstreet
Wed, Jun 25
CAD little changed on the day – Scotiabank
The Canadian Dollar (CAD) is little changed on the session. In line with expectations CPI data, reflecting a marginal easing in core pressures, does no move the needle for the BoC policy outlook in the short run, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Wed, Jun 25
Brussels set to disregard ECB warnings over stablecoin rules, FT reports
June 25 (Reuters) - The European Commission is set to announce new rules for the fast-growing stablecoin market in the coming days, despite warnings from the European Central Bank (ECB) that the proposed standards could destabilise the region's banks during periods of market volatility, the Fina...Reuters
Wed, Jun 25
USD/JPY recovery extends beyond 145.50 with BoJ's tightening plans into question
The US Dollar firmed up on Wednesday, as the market ponders the durability of the Middle East ceasefire, while the Yen declined across the board as the BoJ’s Summary of Opinions suggests that the bank might leave its monetary tightening plans in the drawer for some time.Fxstreet
Wed, Jun 25
Sterling holds firm near January 2022 highs
Pound steady versus dollar and euroIran/Israel ceasefire fragile, but supporting confidenceUK labour market shows signs of softeningBy Amanda Cooper LONDON, June 25 (Reuters) - The pound held steady against the dollar on Wednesday, consolidating gains from the past two days, as investors felt con...Reuters
Wed, Jun 25
USD/JPY: Set to retest 144.50 before a more sustained recovery – UOB Group
There is a chance for US Dollar (USD) to retest 144.50 before a more sustained recovery can be expected. 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
Wed, Jun 25
Russian rouble flat vs US dollar, ignoring oil volatility
MOSCOW, June 25 (Reuters) - The Russian rouble was flat against the U.S. dollar as well as China's yuan on Wednesday, ignoring volatility in the oil market related to the conflict between Israel and Iran. By 0950 GMT, the rouble RUB= traded at 78.35 per U.S. dollar, according to LSEG data...Reuters
Wed, Jun 25
