LONDON, June 30 Global stocks were headed for their best second-quarter performance in six years on Tuesday, while a resurgent dollar pushed the yen to a four-decade low and was headed for a fourth straight quarterly rise. Within the past three months, the Strait of Hormuz
By Alun John and Ankur Banerjee LONDON/SINGAPORE, June 30 The steadily climbing dollar pushed the yen down to levels not seen since 1986 on Tuesday, stoking worries that direct intervention from Tokyo was near, if perhaps not immediate, and also putting the euro under pressure.</
ING analysts expect ECB officials at Sintra to support market expectations for a 2024 rate increase amid steady Euro outlook. European Central Bank President Christine Lagarde’s measured remarks at Sintra suggest no radical shift in policy communication. She noted the ECB
Energy price retreat to cool Eurozone inflationary pressures The European Central Bank policymaker and Dutch central bank chief said the falling energy prices after easing Middle East tensions would have an impact on inflation. The ECB's primary mandate is to maint
NZD/USD gains ground for the second consecutive day, trading around 0.5660 during the Asian hours on Tuesday. Technical analysis of the daily chart suggests the spot price is remaining within the descending channel, indicating a prevailing bearish bias The NZD/USD p
The Euro weakens against the Canadian Dollar, reversing two days of gains as German retail data fails to lift sentiment. The Euro declined against the Canadian Dollar, trading at 1.6220 in early European trading on Tuesday. The drop follows two consecutive days of gains fo
EUR/CAD depreciates after two days of gains, trading around 1.6220 during the early European hours on Tuesday. The currency cross remains subdued as the Euro (EUR) holds losses following the release of German Retail Sales data Germany’s retail sector saw a surprise
The Swiss Franc has bounced up from session lows against the US Dollar (USD) on Tuesday, buoyed by an unexpected improvement in the Swiss economic activity outlook. The USD/CHF pair has pulled back to 0.8085 from session highs just above 0.8100, although it remains on trac
The GBP/JPY cross attracts buyers for the second consecutive day and climbs to a nearly two-week high during the early part of the European session on Tuesday. Bulls now await a sustained move and acceptance above the 215.00 psychological mark before positioning for any fu
European Central Bank (ECB) policymaker and the head of Belgium's central bank, Pierre Wunsch, said in the European trade on Tuesday that inflationary pressures in the Eurozone economy could stay above the 2% target for some quarters, adding that the central bank might need to...
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