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ECB to cut red tape for banks but don't expect 'Big Bang', Buch says
FRANKFURT, June 11 (Reuters) - The European Central Bank will cut red tape for banks in areas such as buybacks and new appointments, but lenders should not expect wholesale deregulation, the ECB's top supervisor Claudia Buch said on Wednesday.The ECB is facing growing calls from banks to ease th...Reuters
Wed, Jun 11
Russian rouble down slightly vs US dollar, ignoring EU sanctions threat
MOSCOW, June 11 (Reuters) - The Russian rouble weakened slightly against the U.S. dollar on Wednesday, ignoring the European Commission's proposal to impose new sanctions on Russia, including a lower cap on Russian oil prices. The commission proposed an 18th package of sanctions against Russia o...Reuters
Wed, Jun 11
USD/JPY trades broadly calm near 145.00 ahead of US inflation data for May
The USD/JPY pair trades calmly around 145.00 during European trading hours on Wednesday. The pair oscillates in a tight range, with investors awaiting the United States (US) Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT.
Fxstreet
Wed, Jun 11
FOREX-Dollar steady as US-China talks conclude, UK spending review awaited
Dollar edges higher after US-China trade framework dealUS Commerce Secretary Lutnick says trade truce back on trackSterling steady as UK to unveil multi-year spending plans Investors await US inflation report, 10-year bond auction By Johann M Cherian and Lucy Raitano June 11 (Reuters) - The dolla...Reuters
Wed, Jun 11
CAD: Broadly unattractive – ING
The Canadian Dollar (CAD) has been one of the best performers in the G10 over the past month, helped by some stronger-than-expected inflation and growth data that ultimately led to a Bank of Canada hold on 4 June, ING's FX analyst Francesco Pesole notes.
Fxstreet
Wed, Jun 11
AUD/USD: Major resistance at 0.6555 is likely out of reach – UOB Group
Increasing momentum suggests further upside pressure; the major resistance at 0.6555 is likely out of reach. In the longer run, bias remains on the upside, but it remains to be seen if AUD can break clearly above 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Jun 11
AUD/USD drifts closer to 0.6500 with the focus turning to the US CPI release
The Australian Dollar is trading lower on Wednesday, retracing Tuesday’s gains as the frail enthusiasm about an alleged trade deal between the US and China faded, with markets turning cautious ahead of the release of US Inflation data.US and China seem to have reached a deal to ease restrictions onFxstreet
Wed, Jun 11
EUR: ECB reinforcing hawkish tone – ING
This week’s moves are almost entirely driven by US-related events. The only Euro input comes from scheduled ECB speeches, which so far have reinforced the less dovish tone set by President Christine Lagarde last week, ING's FX analyst Francesco Pesole notes.Fxstreet
Wed, Jun 11
Sterling ticks lower ahead of closely watched UK spending review
By Lucy Raitano (Reuters) June 11 - Sterling fell against a firmer dollar on Wednesday, as markets geared up for a multi-year UK spending review due later in the day from British finance minister Rachel Reeves, who is set to reveal how public spending will be divided up. The pound was last down 0...Reuters
Wed, Jun 11
Dollar keeps losing market share but euro is no winner either: ECB study
FRANKFURT, June 11 (Reuters) - The dollar continued to lose market share last year as the world's dominant currency but mostly smaller rivals and gold benefited rather than the euro, which aspires to fill any void left by receding confidence in the greenback, an ECB report showed.Investors have ...Reuters
Wed, Jun 11
EUR/USD nudges lower as US Dollar picks up after an alleged US-China deal
EUR/USD has pulled lower to levels just above 1.1400 on Wednesday, as the US Dollar strengthened following headlines that US and Chinese representatives have reached a framework to reduce trade tariffs.The deal now has to be approved by US President Donald Trump and Chinese Premier Xi Jinping, and tFxstreet
Wed, Jun 11
GBP/JPY treads water above 195.50, maintains position near five-month highs
GBP/JPY remains subdued for the third consecutive day, trading around 195.60 during the early European hours on Wednesday. However, the currency cross maintains its position near a five-month high of 196.45, which was recorded on Tuesday, with hopes of further gains.
Fxstreet
Wed, Jun 11
USD/CAD trades above 1.3650 as easing US-China tensions offset impact of higher Oil prices
USD/CAD retraces its recent losses, trading around 1.3680 during the Asian hours on Wednesday. However, the upside of the USD/CAD pair could be limited as the commodity-linked Canadian Dollar (CAD) possibly receives support from the improved crude Oil prices.Fxstreet
Wed, Jun 11
