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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
Taiwan central bank says its communication with US Treasury has long been smooth
TAIPEI, June 6 (Reuters) - Taiwan's central bank said on Friday that its communication with the U.S. Treasury Department has long been smooth, after it left the island on its currency monitoring list.The central bank said in a statement that it will continue to exchange views with the U.S. Treas...Reuters
Fri, Jun 6
FOREX-Dollar mired in US economic weakness and trade limbo
Dollar heads for weekly lossCurrencies on guard ahead of Friday's U.S. jobs dataECB's hawkish tone keeps euro supportedBy Rae Wee SINGAPORE, June 6 (Reuters) - The dollar was headed for a weekly loss on Friday, undermined by signs of fragility in the U.S. economy and as trade negotiations...Reuters
Fri, Jun 6
EUR/USD wobbles around 1.1440 ahead of US NFP data
The EUR/USD pair trades in a limited range around 1.1440 during Asian trading hours on Friday. The major currency pair consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for May, which will be published at 12:30 GMT.
Fxstreet
Fri, Jun 6
Swiss National Bank denies currency manipulation after being put on U.S. watch list
ZURICH, June 6 (Reuters) - The Swiss National Bank does not engage in currency manipulation, the central bank said on Friday, after the United States added Switzerland to a list of countries being monitored for unfair currency and trade practices."The SNB does not engage in any manipulation of t...Reuters
Fri, Jun 6
USD/CHF Price Forecast: Hovers above 0.8200 near nine-day EMA barrier
The USD/CHF pair extends its gains for the second successive session, trading around 0.8200 during the Asian hours on Friday. However, the bearish bias is prevailing as the pair moves downwards within the descending channel pattern.
Fxstreet
Fri, Jun 6
USD/INR gains as RBI surprisingly cuts repo rate by 50 bps to 5.5%
The Indian Rupee (INR) weakens against the US Dollar (USD) and falls to near 86.00 during Asian trading hours on Friday. The USD/INR pair strengthens as the Reserve Bank of India (RBI) has unexpectedly cut its Repo rate by 50 basis points (bps) to 5.5%.Fxstreet
Fri, Jun 6
China's yuan slips after Trump-Xi call leaves issues unresolved
Trump and Xi hold call but leave key issues unresolvedInvestors remain sceptical of a Sino-US trade deal, analyst saysYuan eases as sentiment fails to be lifted, trader saysMarket attention switches to key economic data releases next week SHANGHAI, June 6 (Reuters) - China's yuan slipped agai...Reuters
Fri, Jun 6
INDIA RUPEE-Rupee nearly flat alongside subdued Asia FX; RBI policy decision awaited
By Jaspreet Kalra MUMBAI, June 6 (Reuters) - The Indian rupee was nearly flat in early trading on Friday, tracking muted moves in regional currencies as traders awaited the Reserve Bank of India's monetary policy decision. The rupee INR=IN was at 85.80 as of 09:20 a.m. IST, little changed fro...Reuters
Fri, Jun 6
GBP/USD hovers above 1.3550 ahead of US Nonfarm Payrolls
GBP/USD maintains its position near 1.3616, the highest since February 2022, which was recorded on June 5. At the time of writing, the pair is trading around 1.3570, with little moves ahead of labor market data from the United States (US).
Fxstreet
Fri, Jun 6
China's yuan slips despite much anticipated Trump-Xi call
SHANGHAI, June 6 (Reuters) - China's yuan slipped against the dollar on Friday, as U.S. President Donald Trump and Chinese leader Xi Jinping held a much-anticipated call but left key issues that have stoked tensions unresolved for future talks.During the more than one-hour-long call, Xi told Tru...Reuters
Fri, Jun 6
ECB cuts rates again but hints at pause
FRANKFURT, June 5 (Reuters) - The European Central Bank cut interest rates as expected on Thursday but hinted at a pause in its year-long easing cycle after inflation finally returned to its 2% target. The ECB has lowered borrowing costs eight times, or by 2 percentage points since last June...Reuters
Fri, Jun 6
Iron ore heads for weekly gains on resilient China demand
BEIJING, June 6 (Reuters) - Iron ore futures prices rose to 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 September iron ore contract on C...Reuters
Fri, Jun 6
