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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
Dollar keeps losing market share but euro slow to benefit: ECB study
FRANKFURT, June 11 (Reuters) - The dollar continued to lose market share as the world's dominant currency last year but mostly smaller rivals and gold benefited rather than the euro, an ECB report showed on Wednesday.However, an acceleration in the selling of dollar assets since April because of...Reuters
Wed, Jun 11
FOREX-Dollar falls after moderate rise in US inflation
NEW YORK, June 11 (Reuters) - The U.S. dollar fell against the yen and euro after data showed underlying inflation in the world's largest economy rose less than expected last month, suggesting the Federal Reserve could cut interest rates sooner than later.The core consumer price index - a gauge ...Reuters
Wed, Jun 11
CAD soft and trading somewhat defensively despite higher oil prices – Scotiabank
The Canadian Dollar (CAD) is entering Wednesday’s NA session with a marginal decline vs. the US Dollar (USD) as it trades somewhat defensively from Tuesday’s close, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Wed, Jun 11
Sterling steady, gilts yields hold higher as Reeves delivers spending review
LONDON, June 11 (Reuters) - Sterling was little changed and UK government bond yields held higher on Wednesday, as British finance minister Rachel Reeves delivered a spending review dividing up more than 2 trillion pounds ($2.7 trillion) of public spending.Britain's 10-year gilt yield was last u...Reuters
Wed, Jun 11
RPT-BREAKINGVIEWS-The bitcoin hoarder copycat game is just beginning
By Pranav KiranTORONTO, June 10 (Reuters Breakingviews) - Michael Saylor has become the tycoon of chaos. The CEO of Strategy MSTR.O has built a perpetual bitcoin-buying machine fueled by hedge funds’ hunger for wild stock swings. His primary tool - the $280 billion market for bonds that can convert...Reuters
Wed, Jun 11
NZD/USD retreats to 0.6030 lows with investors bracing for US CPI data
The New Zealand Dollar is trading about 0.35% lower on Wednesday, with investors slightly disappointed by the lack of news of the US-China trade deal, while a soft US Dollar, ahead of the US CPI release, is keeping the Kiwi from dropping further.US Commerce Secretary Howard Lutnick celebrated the ag
Fxstreet
Wed, Jun 11
USD/CAD wobbles below 1.3700 as US inflation takes centre stage
The USD/CAD trades in a tight range below 1.3700 during European trading hours on Wednesday. The Loonie pair consolidates as investors await the United States (US) Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT.Fxstreet
Wed, Jun 11
GBP: The British Chancellor of the Exchequer's concerns are likely to grow further – Commerzbank
Yesterday's British labour market data reinforced the concerns of those backing the United Kingdom. The unemployment rate rose as expected, wage growth slowed unexpectedly, and the number of people in employment fell by around 109,000.Fxstreet
Wed, Jun 11
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