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COLUMN-US trade war enters precarious slow grind: Taosha Wang
By Taosha Wang June 12 - U.S. trade negotiations have transitioned from their opening act, with its many twists and turns, into a new, protracted chapter: the Slow Grind. It may be less turbulent than this past spring's drama, but no less worrying for investors. Now that the U.S. and China ha...Reuters
Thu, Jun 12
UK economy shrinks by 0.3% in April, ONS says
LONDON, June 12 (Reuters) - Britain's economic output contracted by a worse-than-expected 0.3% in April, when shockwaves from U.S. President Donald Trump's announcement of wide-ranging tariffs hit the global economy, official data showed on Thursday. A Reuters poll of economists had forecast...Reuters
Thu, Jun 12
FOREX-Dollar slides on Fed expectations, murky trade picture
Trump says willing to extend deadline for trade talksEuro rises to seven-week highU.S. PPI data due later on ThursdayBy Rae Wee SINGAPORE, June 12 (Reuters) - The dollar slid on Thursday on heightened expectations of Federal Reserve rate cuts this year and lingering uncertainty over tariff battle...Reuters
Thu, Jun 12
Asian currencies strengthen on signs of easing trade tensions
June 12 (Reuters) - Emerging Asian currencies strengthened on Thursday as the dollar weakened following a softer U.S. inflation report, while the U.S.-China trade truce and signs that President Donald Trump may adopt a milder stance in tariff talks also supported risk sentiment.Reuters
Thu, Jun 12
NZD/USD gains to near 0.6040 amid uncertainty surrounding US tariff policy
The NZD/USD claws back its initial losses and rises to near 0.6040 during early European trading hours on Thursday. The Kiwi pair attracts bids as the US Dollar (USD) declines as uncertainty surrounding the outlook of the United States' (US) tariff policy has escalated.
Fxstreet
Thu, Jun 12
AUD/JPY declines to near 93.50 amid geopolitical risks
The AUD/JPY cross trades in negative territory for the second consecutive day around 93.55 during the early European trading hours on Thursday. Rising geopolitical tensions in the Middle East boost the safe-haven flows, supporting the Japanese Yen (JPY).
Fxstreet
Thu, Jun 12
China's yuan ticks up as US-China trade truce lifts sentiment
SHANGHAI, June 12 (Reuters) - China's yuan strengthened against the dollar on Thursday, as the latest trade truce between Washington and Beijing raised hopes that the world's two largest economies could avoid any further escalation in their tariff row.However, the gains were capped by a weak...Reuters
Thu, Jun 12
USD/CHF breaks below 0.8200 due to escalating Middle East tensions
USD/CHF extends its losses for the second successive day, trading around 0.8160 during the Asian hours on Thursday. The pair depreciates as the Swiss Franc (CHF) received support from the increased safe-haven demand amid escalating tensions between Israel and Iran.
Fxstreet
Thu, Jun 12
Iron ore consolidates, market awaits clarity on Sino-US trade talk progress
BEIJING, June 12 (Reuters) - Iron ore futures prices were range-bound on Thursday, as investors awaited more details on the trade talks between the U.S. and China, even as U.S. President Donald Trump struck a positive note.The most-traded September iron ore contract on China's Dalian Commodity E...Reuters
Thu, Jun 12
EUR/JPY Price Forecast: Trades below 166.00 after pulling back from eight-month highs
EUR/JPY halts its five-day winning streak, trading around 165.80 during the Asian hours on Thursday. The strengthening of a bullish bias appears as the currency cross moves upwards within an ascending channel pattern, suggested by the technical analysis of the daily chart.
Fxstreet
Thu, Jun 12
EUR/USD advances to 1.1530, highest since April 22 amid sustained USD selling
The EUR/USD pair extends its weekly uptrend and climbs to the 1.1530 area or the highest level since April 22 during the Asian session on Thursday. Moreover, the fundamental backdrop favors bullish traders and suggests that the path of least resistance for spot prices is to the upside.
Fxstreet
Thu, Jun 12
Silver Price Forecast: XAG/USD rises above $36.30 amid heightened Middle East geopolitical tensions
The Silver price (XAG/USD) attracts some buyers to around $36.30, snapping the two-day losing streak during the Asian trading hours on Thursday. The weaker US Dollar (USD) and escalating geopolitical tensions in the Middle East provide some support to the white metal.
Fxstreet
Thu, Jun 12
Australia, NZ dollars lose ground as risk sentiment sours
By Wayne Cole SYDNEY, June 12 (Reuters) - The Australian and New Zealand dollars were forced to give ground on Thursday as losses in equity markets soured risk sentiment, preventing them from making gains on a broadly weaker U.S. counterpart.The Aussie dipped 0.2% to $0.6489 AUD=D3, having backed...Reuters
Thu, Jun 12
