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ANALYSIS-Why Switzerland's strong franc could lead it back to negative interest rates
Rising speculation that Swiss rates may turn negative Other big central banks unlikely to follow, analysts sayNon-US central banks battling FX strengthUS puts Switzerland on watchlist for unfair currency practicesBy Amanda Cooper and Naomi Rovnick LONDON, June 6 (Reuters) - Switzerland could be t...Reuters
Fri, Jun 6
China's yuan slips to 2-year low versus peers after Trump-Xi call leaves issues unresolved
Trump and Xi hold call but leave key issues unresolvedInvestors remain skeptical of a Sino-US trade deal, analyst saysYuan eases as sentiment fails to be lifted, trader saysYuan's value against its trading partners falls to a near 2-year lowMarket attention switches to key economic data releases...Reuters
Fri, Jun 6
FOREX-Dollar poised for weekly loss, hurt by economic weakness and trade limbo
Dollar close to 1-1/2 month lowCurrencies on guard ahead of Friday's U.S. jobs dataECB's hawkish tone keeps euro supportedBy Rae Wee and Johann M Cherian June 6 (Reuters) - The dollar was headed for a weekly loss on Friday, undermined by signs of fragility in the U.S. economy and little p...Reuters
Fri, Jun 6
China yuan's trade-weighted value falls to near two-year low
SHANGHAI, June 6 (Reuters) - The Chinese yuan's value against its major trading partners fell close to a two-year low on Friday, reflecting the central bank's efforts to keep it steady versus the U.S. dollar even as other currencies rise sharply.WHY IT'S IMPORTANTThe People's Bank of...Reuters
Fri, Jun 6
Russian rouble falls vs US dollar ahead of key rate decision
MOSCOW, June 6 (Reuters) - The Russian rouble fell against the U.S. dollar on Friday ahead of the central bank's decision on its key interest rate and after strengthening late in the previous session. By 0735 GMT, the rouble RUB= was down 2.9% at 79.50 per U.S. dollar, according to LSEG data bas...Reuters
Fri, Jun 6
Iron ore heads for weekly gains on Trump-Xi talks, resilient China demand
By Amy Lv and Lewis Jackson BEIJING, June 6 (Reuters) - Iron ore futures prices rose to a one-week high on Friday and were set for weekly gains, buoyed by progress in Sino-U.S. talks and steady demand from top consumer China, although seasonally slow steel consumption capped gains.The most-traded...Reuters
Fri, Jun 6
AUD/JPY Price Forecast: Tests nine-day EMA near psychological 93.00 support
AUD/JPY extends its gains for the second successive session, trading around 93.60 during early European hours on Friday. A technical analysis of the daily chart shows that the currency cross remains within an ascending channel pattern, confirming a sustained bullish bias.
Fxstreet
Fri, Jun 6
US Treasury says BOJ should continue to tighten policy
BOJ tightening would support 'normalization' of yen weaknessRare mention of BOJ highlights US attention to Japan's low ratesJapan finance minister says monetary policy up to BOJJapan's ex-FX diplomat sees no big gap in US-Japan views on BOJBy Leika Kihara TOKYO, June 6 (Reuters) -...Reuters
Fri, Jun 6
USD/CAD Price Forecast: Seems vulnerable below 1.3700; US/Canadian jobs data awaited
The USD/CAD pair extends its sideways consolidative price move for the second straight day on Friday and trades around the 1.3665 region during the early European session. Spot prices remain close to the year-to-date low touched on Thursday and seem vulnerable to sliding further.
Fxstreet
Fri, Jun 6
US finds no currency manipulation in 2024; Ireland, Switzerland added to monitoring list
Ireland, Switzerland join seven others on global monitoring listChina not a manipulator but 'stands out' for lack of transparencyDollar dynamics have changed in 2025, making it more tempting for countries to try to weaken their currenciesBy Dan Burns June 6 (Reuters) - No major U.S. tradi...Reuters
Fri, Jun 6
Japan's ex-top FX diplomat expects yen to rise near 140 by year-end
Diverging Fed, BOJ policy paths to prop up yen vs dollarBOJ may hike rates again this year if trade uncertainty recedesJapan's US Treasury holdings may not serve as bargaining toolBy Leika Kihara and Yoshifumi Takemoto TOKYO, June 6 (Reuters) - A narrowing U.S.-Japan interest rate gap, rather...Reuters
Fri, Jun 6
Swiss National Bank denies currency manipulation after being put on U.S. watch list
By John Revill ZURICH, June 6 (Reuters) - The Swiss National Bank said on Friday it would intervene in foreign currency markets where necessary to keep inflation on track after the United States added Switzerland to a list of countries being monitored for unfair currency and trade practices.The S...Reuters
Fri, Jun 6
EUR/GBP holds gains near 0.8450, upside appears as ECB signals an end to easing cycle
EUR/GBP extends its gains for the third consecutive day, trading around 0.8430 during the Asian hours on Friday. The currency cross remained stable after the European Central Bank (ECB) delivered a widely expected 25 basis point rate cut on Thursday, and reduced interest rates to 2.0% from 2.25%.
Fxstreet
Fri, Jun 6
EUR/JPY Price Forecast: Climbs above mid-164.00s, bulls retain control near multi-week top
The EUR/JPY cross attracts some follow-through buying for the second straight day on Friday and trades near the mid-164.00s heading into the European session. Spot prices remain close to over a three-week high touched on Thursday and remain well supported by a broadly weaker Japanese Yen (JPY).
Fxstreet
Fri, Jun 6
