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EUR/USD soars on soft US CPI, closes in on 1.1500
The EUR/USD surged during the North American session but remains shy of clearing the 1.1500 figure, following the release of a softer-than-expected inflation report in the United States (US), which could prompt the Federal Reserve (Fed) to reduce borrowing costs in the near term.
Fxstreet
Wed, Jun 11
Bessent says stablecoin bill will boost demand for Treasuries, dollar assets
WASHINGTON, June 11 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that legislation to create a framework for stablecoins backed by U.S. Treasury debt would help cement the dollar's position as the world's reserve currency and create demand for at least an additional $2 ...Reuters
Wed, Jun 11
FOREX-Dollar fades as US inflation slows; China deal in spotlight
US CPI rises moderately in MayUS-China deals done: 55% tariffs on China, 10% on USUS rate futures see higher chance of rate cut in SeptemberBy Gertrude Chavez-Dreyfuss NEW YORK, June 11 (Reuters) - The U.S. dollar slid on Wednesday after data showed inflation in the world's largest economy ro...Reuters
Wed, Jun 11
CANADA FX DEBT-Canadian dollar holds near 8-month high after benign US inflation data
Loonie trades in a range of 1.3651 to 1.3690Oil settles 4.9% higher on Middle East tensionsBond yields edge lower across the curveBy Fergal Smith TORONTO, June 11 (Reuters) - The Canadian dollar was barely changed against its U.S. counterpart on Wednesday as U.S. consumer prices rose less than ex...Reuters
Wed, Jun 11
Canadian Dollar holds steady amid Greenback weakness
The Canadian Dollar (CAD) is holding close to multi-month highs against the US Dollar (USD) on Wednesday. The Loonie caught a thin boost from declining Greenback bids, with broad-market investor sentiment bolstered by a cooler-than-expected US Consumer Price Index (CPI).
Fxstreet
Wed, Jun 11
US Treasury's Bessent says debt ceiling 'X-date' is a moving target
WASHINGTON, June 11 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that the U.S. government would exhaust remaining borrowing capacity under the federal debt ceiling sometime during the mid-to-late summer.Bessent told a U.S. House of Representatives Ways and Means Committee that...Reuters
Wed, Jun 11
Bessent says Republican tax bill will reclaim US corporate tax sovereignty
WASHINGTON, June 11 (Reuters) - U.S. Treasury Secretary Scott Bessent said that the Republican tax and spending bill under consideration will prevent hundreds of billions of dollars of corporate tax payments from going to foreign governments.Bessent told a U.S. House of Representatives Ways and Mean...Reuters
Wed, Jun 11
GBP/USD climbs as US CPI miss fuels Fed rate cut bets
GBP/USD advances on Wednesday during the North American session, boosted by a weaker-than-expected consumer inflation report in the United States (US), which increased speculation that the Federal Reserve (Fed) may reduce borrowing costs twice in 2025.Fxstreet
Wed, Jun 11
Brazil Lula to join G7 Summit in Canada following invitation from PM Mark Carney
SAO PAULO, June 11 (Reuters) - Canada's Prime Minister Mark Carney on Wednesday formally invited Brazil's President Luiz Inacio Lula da Silva to participate in the extended session of the G7 Summit in Kananaskis on June 17. Lula has accepted the invite made during a phone call, saying his co...Reuters
Wed, Jun 11
FOREX-Dollar falters as US inflation cools; China deal also in focus
US CPI rises moderately in MayUS-China deals done: 55% tariffs on China, 10% on USUS rate futures see higher chance of rate cut in SeptemberBy Gertrude Chavez-Dreyfuss NEW YORK, June 11 (Reuters) - The U.S. dollar slid against most major currencies after data showed underlying inflation in the wo...Reuters
Wed, Jun 11
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Wednesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.1% higher at C$1.3663 to the greenback, or 73.19 U.S. cents, after trading in a range of 1.3651 to 1.369.Canadian government 10-year bond yields CA10...Reuters
Wed, Jun 11
