Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters … [Continue reading]
Japan’s Katayama says always ready to react suitably as needed on forex
Japan’s Finance Minister Satsuki Katayama said on Friday that the authorities are always ready to react suitably as needed on foreign exchange. Meanwhile, Japanese Prime Minister Sanae Takaichi stated that weak Japanese Yen (JPY) … [Continue reading]
XRP slumps toward $1.00 as ETF outflows, weak technicals fuel bearish outlook
Ripple (XRP) edges lower, trading around $1.15 at the time of writing on Thursday, its lowest price since February 6. The cross-border money remittance token is extending the sell-off for the fifth consecutive day, reflecting persistent headwinds … [Continue reading]
Oil: Middle East conflict reshapes outlook – BNY
Bob Savage highlights that the OECD now sees the Middle East conflict as the main driver of the global outlook, with surging energy and input prices lifting inflation and weighing on growth. The OECD cut its 2026 global GDP forecast and outlines … [Continue reading]
Euro bounces up against the US Dollar despite weak Eurozone Retail Sales data
The Euro (EUR) is rallying against a weaker US Dollar (USD) in Thursday’s European trading session, reversing Wednesday’s losses and returning to the 1.3630 area at the time of writing. A moderate improvement in market sentiment following news of a … [Continue reading]
Switzerland Consumer Price Index (YoY) came in at 0.6% below forecasts (0.8%) in May
Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters … [Continue reading]
British Pound edges higher vs softer USD; lacks bullish conviction as Iran risks persist
The GBP/USD pair attracts some dip-buyers following the previous day's slide back closer to the weekly low and trades above the 1.3400 mark during the Asian session on Thursday. The uptick is sponsored by a softer US Dollar (USD), though the upside … [Continue reading]
New Zealand Dollar plunges as hawkish Fed remarks boost US Dollar
The NZD/USD pair trades near the 0.5860 region on Thursday, down more than 1% in the day, as the US Dollar (USD) strengthens following hawkish remarks from Federal Reserve (Fed) officials.Federal Reserve Bank of Dallas President Lorie Logan stated … [Continue reading]
Indonesian Rupiah: State-led commodity shift reshapes risks – MUFG
MUFG’s Lloyd Chan highlights that Indonesia is undergoing a structural regime shift as the state moves toward direct control of key commodity exports via Danantara Sumberdaya Indonesia. The report stresses high near-term implementation risks for the … [Continue reading]
Canada Labor Productivity (QoQ) came in at -0.5% below forecasts (0.7%) in 1Q
The Japanese Yen bounced up from five-week lows against the US Dollar, turning positive on the daily chart, as Japan’s Prime Minister Sanae Takaichi warned that Tokyo is ready to take action against Yen weakness. The USD/JPY pair has pulled back from … [Continue reading]