Oil prices edge higher ahead of US data and Fed signals, while equities show muted reaction to geopolitical developments. West Texas Intermediate crude climbed 1% to $69.95 as technical talks between the US and Iran resumed in Doha. The move follows weekend strikes and a t
GBP climbs 0.25% to 1.3230 USD after UK mayor vows to uphold Labour’s 2024 fiscal plans, easing debt cost concerns. The British Pound strengthened 0.25% to 1.3230 against the US Dollar in European trading Monday, leading gains among major currencies. The move follows Great
Euro area headline inflation is forecast to dip to 3.0% in June, driven by falling energy costs, but core pressures persist. Eurozone inflation is expected to ease to 3.0% in June from 3.2%, marking its first decline since the Ukraine war began, as lower oil prices reduce
OCBC revises EUR/USD and USD/JPY targets higher as Fed policy and yield curve dynamics replace oil as key dollar drivers. The US dollar has strengthened due to a more hawkish Federal Reserve and a flatter yield curve, replacing high oil prices as primary support. OCBC now
Deutsche says that its month-end rebalancing model points to month-end and quarter-end flows favouring the US dollar, potentially limiting any setback from the highs last week. Their note came out late last week but argues that the dollar does look a little stretched alrea
US dollar supported with 32 bps of tightening priced in by year-end The US dollar has been supported since the last FOMC decision as the more hawkish than expected dot plot led to a quick repricing in interest rate expectations. There is now 32 bps of tightening pr
Alphabet’s Waymo sets up a German unit to support potential autonomous ride-hailing services in Europe, targeting global growth. Alphabet’s autonomous vehicle unit Waymo has established Waymo Germany, a legal entity registered in Munich, as part of preparations for a poten
ING expects Polish inflation to drop to 2.9% in June, reinforcing expectations for unchanged rates and pressure on regional FX. Central and Eastern European currencies face renewed pressure as a stronger US dollar and lower oil prices lead markets to price out rate hikes i
Euro ticks higher but struggles to regain 1.1400 The Euro is having difficulty confirming a move above 1.1400 against the US Dollar. The 13-month low in the 1.1320 area remains relatively close. Geopolitical uncertainty is affecting the currency pair's move
Investor caution over US-Iran ceasefire uncertainty and upcoming US inflation data limits the Euro’s rebound from 13-month lows. The Euro edges higher against the US Dollar but fails to sustain gains above 1.1400, remaining close to its 13-month low of 1.1320. Geopolitical
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