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14:17 Euro: Recovery seen but forecasts stay below consensus – Rabobank
Rabobank’s FX Strategy report argues the Euro played a significant role in last year’s strong EUR/USD rally, supported by Germany’s debt brake loosening and improved European growth expectations.

Rabobank’s FX Strategy report argues the Euro played a significant role in last year’s strong EUR/USD rally, supported by Germany’s debt brake loosening and improved European growth expectations. The bank now sees Europe’s outlook dampened by inflationary effects from the Strait of Hormuz closure and expects ECB growth forecasts to be revised lower. Rabobank maintains below-consensus EUR/USD projections, with a 3‑month target of 1.16.Euro’s role and tempered outlook"In our view, the EUR’s part in the strong directional move higher in EUR/USD last year is often underestimated. While the USD’s fall last year has been well documented, the EUR had a key part to play in the move higher in EUR/USD. Early last year, the single currency was propelled by the loosening in Germany’s debt brake and by resultant optimism about Europe’s growth prospects.""This year, Europe’s growth prospects have been set back by the inflationary implications related to the closure of the Strait of Hormuz, with much damage already incurred. Although the latest forecasts from the ECB did not show a significant decrease in growth forecasts, we see risk that these will be pared back further in the next forecasting round.""While the EUR has found some support in the past few months from ECB rate hike expectations, these have been in the price for some time. While we see some scope for a recovery in EUR/USD in the months ahead, we retain below consensus forecasts for EUR/USD. Our 3-month forecast stands at EUR/USD1.16."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

14:15 United States Dollar Index: Recoupling with rates – Societe Generale
Societe Generale’s Kit Juckes notes that the Dollar Index is closely tracking EUR/USD and highlights how President Trump’s policies weakened the Dollar relative to what economic and monetary fundamentals implied.

Societe Generale’s Kit Juckes notes that the Dollar Index is closely tracking EUR/USD and highlights how President Trump’s policies weakened the Dollar relative to what economic and monetary fundamentals implied. He argues the Dollar is now recoupling with relative interest rates and is testing 12‑month highs after stubborn inflation and resilient growth led the FOMC to deliver a less dovish message.Dollar tracks rates and FOMC stance"Whether I look at the Dollar Index, or its near-mirror, EUR/USD, it’s very easy to see the influence that President Trump had on the dollar last year, weakening relative to where the economy and monetary policy settings might have been expected to take the dollar.""It’s equally easy to see that gradually, the dollar is recoupling with relative rates.""This could change again, of course, but on a morning after stubborn inflation and resilient growth persuaded the FOMC, and its new Chairman, to deliver a significantly less dovish message than many expected, the dollar is testing 12-month highs.""Our economists’ central case is that Fed rates will be on hold throughout this year, but high (and sticky) inflation, and a booming equity market, will...""E-mails are susceptible to alteration."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

14:10 Norwegian Krone: Norges Bank hawkish hold supports currency – BBH
Brown Brothers Harriman notes Norges Bank kept its policy rate at 4.25% but delivered a hawkish hold by reinforcing guidance for another hike at an upcoming meeting.

Brown Brothers Harriman notes Norges Bank kept its policy rate at 4.25% but delivered a hawkish hold by reinforcing guidance for another hike at an upcoming meeting. The updated rate path now peaks at 4.55% by year-end, slightly above March projections, though the bank says this offers only limited fresh support for the Norwegian Krone.Higher policy path but limited NOK boost"The Norges Bank delivered a hawkish hold.The Norges Bank left the policy rate unchanged at 4.25% (widely expected) and firmed up its guidance of another hike “at one of the forthcoming monetary policy meeting.”""The Norges Bank’s updated policy rate path is a little higher in line with the pricing from the swaps curve, offering limited fresh support for NOK. The Norges Bank now sees the policy rate peak at 4.55% by year-end vs. 4.35% in March, adding “a somewhat tighter monetary policy stance will likely be needed to return inflation to target within a reasonable time horizon.”"(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

14:00 United Kingdom BoE MPC Vote Rate Unchanged in line with expectations (7)
United Kingdom BoE MPC Vote Rate Unchanged in line with expectations (7)

14:00 United Kingdom BoE MPC Vote Rate Hike in line with forecasts (2)
United Kingdom BoE MPC Vote Rate Hike in line with forecasts (2)

14:00 United Kingdom BoE Interest Rate Decision in line with expectations (3.75%)
United Kingdom BoE Interest Rate Decision in line with expectations (3.75%)

13:58 Euro: Mirror for Dollar moves – Societe Generale
In the same note, Societe Generale’s Kit Juckes describes EUR/USD as a near‑mirror of the Dollar Index, reflecting the Dollar’s past weakness under President Trump and its current recoupling with relative interest rates.

In the same note, Societe Generale’s Kit Juckes describes EUR/USD as a near‑mirror of the Dollar Index, reflecting the Dollar’s past weakness under President Trump and its current recoupling with relative interest rates. He points out that EUR/USD is reacting to stubborn US inflation, resilient growth and a less dovish FOMC, as the Dollar tests 12‑month highs.Pair reflects Dollar recoupling dynamics"Whether I look at the Dollar Index, or its near-mirror, EUR/USD, it’s very easy to see the influence that President Trump had on the dollar last year, weakening relative to where the economy and monetary policy settings might have been expected to take the dollar.""It’s equally easy to see that gradually, the dollar is recoupling with relative rates.""This could change again, of course, but on a morning after stubborn inflation and resilient growth persuaded the FOMC, and its new Chairman, to deliver a significantly less dovish message than many expected, the dollar is testing 12-month highs.""Our economists’ central case is that Fed rates will be on hold throughout this year, but high (and sticky) inflation, and a booming equity market, will...""E-mails are susceptible to alteration."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

13:57 Silver price advances on US-Iran agreement, hawkish Fed limits upside
Silver (XAG/USD) advances toward $68.10 on Thursday, up 1.05% on the day at the time of writing.

13:53 Swiss Franc: SNB neutrality keeps Franc pressured – BBH
Brown Brothers Harriman reports the Swiss National Bank left its policy rate at 0.00% for a fourth meeting, characterizing the decision as a neutral hold.

Brown Brothers Harriman reports the Swiss National Bank left its policy rate at 0.00% for a fourth meeting, characterizing the decision as a neutral hold. While inflation forecasts were nudged higher through Q1 2027, they remain within the price stability range, allowing the SNB to keep rates unchanged for some time, which the bank sees as a headwind for the Swiss Franc.SNB steady stance weighs on CHF"The Swiss National Bank (SNB) delivered a neutral hold. As was widely expected, the SNB left the policy rate unchanged at 0.00% for a fourth consecutive meeting.""SNB nudged up its inflation forecast through Q1 2027, but they remain well within the range of price stability of less than 2% per annum. As such, the SNB can afford to keep rates at 0.00% for some time which is a headwind for CHF. The swaps curve continues to price-in about 50% odds of a 25bps rate hike to 0.25% in the next twelve months."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

13:50 United States Dollar: Haven status tested by Fed shift – Rabobank
Rabobank’s FX Strategy team notes the Dollar has recently been supported by both safe haven demand and shifting expectations for Federal Reserve policy.

Rabobank’s FX Strategy team notes the Dollar has recently been supported by both safe haven demand and shifting expectations for Federal Reserve policy. The bank highlights that improved prospects for a US–Iran peace deal and reopening of the Strait of Hormuz could reduce safe haven flows into the USD. However, a more hawkish-than-expected stance from new Fed Chair Warsh is currently underpinning the Dollar.Safe haven flows versus Fed repricing"Over the past few months, the USD has been driven both by safe haven flows and by a change in market expectations regarding Fed policy. Within a short space of time late yesterday both factors appeared to collide with the signing of the MoU by both the US and Iran coinciding fairly closely with the Fed’s policy meeting. This morning, the DXY dollar index is trading higher which may be signalling that the net impact of these divergent factors has been USD positive.""The rise in the USD’s value at the start of the Iran war appeared to prove it remained a safe haven. These credentials have been up for debate since both the greenback and US treasuries dropped on the back of US President Trump’s tariffs address in April 2025. We have maintained that the desire for liquidity would preserve a safe haven bid for the USD in times of acute uncertainty, and that the USD’s sell off last spring was a function of years of the ‘buy America’ trade.""This week has brought positive news on the potential for a peace deal and the re-opening of the Strait of Hormuz. The latter should result in a decline in safe haven demand, which has the potential to weaken the USD. However, the more hawkish than expected stance of new Fed Chair Warsh at yesterday’s Fed meeting has overwhelmed USD bears and revitalised the bulls, at least for now.""Looking forward, the USD will be vulnerable if rate hike forecasts are pared back. That said, we remain doubtful as to whether the EUR has the ability to re-kindle strong upward momentum.""It is Rabobank’s central view that steady rates will prevail this year. However, market pricing currently suggests scope for almost 40 bps of tightening on a 6-month view."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

12:59 Gold Price Forecast: XAU/USD hesitates below $4,300 as Fed hiking bets rise
Gold (XAU/USD) shows marginal gains on Thursday, but remains close to weekly lows at $4,220.

12:47 New Zealand Dollar dips as stronger growth, risk optimism fail to offset hawkish Fed
NZD/USD trades around 0.5765 at the time of writing on Thursday, down a modest 0.07% on the day. The pair struggles to extend its rebound despite solid economic data from New Zealand, while the US Dollar (USD) continues to draw support from the Federal Reserve’s (Fed) more hawkish stance.

12:30 Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $68.29 per troy ounce, up 1.34% from the $67.39 it cost on Wednesday.

12:14 Euro: Range floor holds into ECB decisions – ING
ING’s Chris Turner argues EUR/USD’s test of 1.1500 after the hawkish FOMC is unlikely to extend much lower, with 1.14/1.15 seen as the summer range floor given ING’s view that the Fed will not hike.

ING’s Chris Turner argues EUR/USD’s test of 1.1500 after the hawkish FOMC is unlikely to extend much lower, with 1.14/1.15 seen as the summer range floor given ING’s view that the Fed will not hike. The bank highlights upcoming ECB decisions, a neutral Swiss National Bank stance and sees EUR/CHF drifting back toward the 0.9250 area.ECB and SNB shape euro crosses"EUR/USD had a strong test of 1.1500 on the hawkish FOMC last night, but there might not be too much appetite to take it substantially lower just now. The ball is now back in the ECB's court and whether it chooses to hike in the July or September meetings – or not hike rates at all.""At this stage, and given the house view that the Fed is not going to hike, 1.14/1.15 can remain the lower end of the range this summer.""We see the Swiss National Bank on a prolonged pause. There could be some slight upside risk to EUR/CHF today not only from a neutral SNB, but also from higher global rates in general after last night's Fed and some potentially better news out of the Middle East. EUR/CHF can head back to the 09250 area."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

12:04 Australian Dollar remains in positive territory after paring recent gains
AUD/USD pares its daily gains, remaining in the positive territory and trading around 0.7010 during the European hours on Thursday. The pair appreciated as the Australian Dollar (AUD) received support from prevailing hawkish sentiment surrounding the Reserve Bank of Australia’s (RBA) policy outlook.

12:01 Eurozone Construction Output s.a (MoM) fell from previous 0.8% to 0.6% in April
Eurozone Construction Output s.a (MoM) fell from previous 0.8% to 0.6% in April

12:01 Eurozone Construction Output w.d.a (YoY) up to 0.9% in April from previous -1.2%
Eurozone Construction Output w.d.a (YoY) up to 0.9% in April from previous -1.2%

11:52 Euro remains capped below 1.1525 weighed by post-Fed US Dollar strength
The Euro (EUR) is trading practically flat against the US Dollar (USD) on Thursday, changing hands at 1.1504 at the time of writing, after failing to find acceptance above 1.1525.

11:49 Spain 10-y Obligaciones Auction dipped from previous 3.392% to 3.383%
Spain 10-y Obligaciones Auction dipped from previous 3.392% to 3.383%

11:46 United States Dollar: Fed hawkish shift supports higher Dollar – MUFG
MUFG’s Lee Hardman notes that the Fed’s latest policy update has lifted US rates and supported the Dollar, with the Dollar Index back above 100.00 and markets now pricing multiple Fed hikes.

MUFG’s Lee Hardman notes that the Fed’s latest policy update has lifted US rates and supported the Dollar, with the Dollar Index back above 100.00 and markets now pricing multiple Fed hikes. The updated DOT plot shows a clear shift toward tightening, though MUFG still expects no hike this year and sees upside risks to its weaker USD forecast for 2027.Fed repricing backs stronger Dollar"The US dollar has continued to trade at stronger levels overnight after strengthening sharply in response to yesterday’s hawkish Fed policy update. It has helped to lift the dollar index back above the 100.00-level and back closer to the year to date high of 100.643 recorded on 31st March. The Fed’s hawkish policy update is threatening to trigger a bullish break out for the US dollar more than offsetting the dampening impact from the US-Iran deal announcement over the weekend.""Market participants have moved both to price back in multiple rate hikes from the Fed, and brought forward expectations for the timing of the first hike to September/October. A rate hike even as early as the next policy meeting in July is now judged as around a 1 in 3 probability.""The updated DOT plot marks a significant shift from the last set of projections provided back in March when no FOMC participants wanted to raise rates. The change in views among FOMC participants has increased the likelihood of a modest tightening in response to the energy price shock although a rate hike is not a done deal. If the US-Iran deal leads to the Strait of Hormuz reopening soon and lower energy prices, and there is limited evidence of second round effects emerging then the Fed can still leave rates on hold this year.""Overall, the Fed’s hawkish policy update should help to keep US rates and the US dollar at higher levels heading into the summer. If the Fed follows through and hikes rates it would reinforce the Fed’s upward momentum. We are not convinced though that a rate hike will be required, but acknowledge that there is a higher risk of rate hike in the second half of this year.""It poses upside risks to our forecast (click here) for a weaker US dollar heading into next year."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

11:45 British Pound: BoE caution weighs on sterling – ING
ING’s Chris Turner expects the Bank of England to leave policy unchanged in a 7–2 vote while sounding hawkish, but ultimately sees UK inflation peaking near 3.5% later this year without triggering tightening.

ING’s Chris Turner expects the Bank of England to leave policy unchanged in a 7–2 vote while sounding hawkish, but ultimately sees UK inflation peaking near 3.5% later this year without triggering tightening. The bank anticipates further GBP/USD downside toward 1.3200 and sees EUR/GBP biased higher as markets reward currencies backed by more proactive central banks.BoE to ride out inflation spike"Our call is for a 7-2 vote for unchanged policy (slight risk of 6-3), but presumably the need to sound hawkish to ride out this inflation shock. Our bottom line, however, is that inflation is going to peak around the 3.5% area later this year and the BoE will avoid tightening.""Expect more pressure on GBP/USD as the dollar enjoys a run against those currencies whose central banks are trying to avoid tightening this year – such as in Canada and Sweden. GBP/USD could drift to the 1.3200 area over the coming weeks.""Neither of which looks good for sterling. EUR/GBP looks biased to 0.8680/8700."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

11:38 United States Dollar: Fed story supports modest gains – ING
ING’s Chris Turner notes the Dollar is holding gains after the Federal Reserve’s hawkish shift under Chair Kevin Warsh, with markets pricing about 44bp of tightening by Q2 2026.

ING’s Chris Turner notes the Dollar is holding gains after the Federal Reserve’s hawkish shift under Chair Kevin Warsh, with markets pricing about 44bp of tightening by Q2 2026. ING’s house view is that US inflation may edge lower later this year, allowing the Fed to avoid a full tightening cycle and keeping DXY capped near its recent 12‑month range highs.Fed repricing limits dollar upside"The dollar is holding gains, but probably does not need to rally too much more. The market now has 44bp of Fed tightening priced in by the second quarter of next year, which looks close to the type of modest adjustment most Fed members pitched in their Dot Plot projections. And with rate cuts still envisaged for 2027 and 2028, this Fed profile is supportive of the tone we took in this month's FX Talking: Dollar Decline Delayed (not abandoned).""DXY tested the top of its 12-month range at 100.50/60 yesterday. And while the dollar may stay bid, we do not see a catalyst for a major upside breakout. This is especially so given lower energy prices on the US-Iran deal being signed and a supportive risk environment.""With nine of the 18 Fed members seeing at least one hike this year, the Fed looks prepped to move should inflation continue to drift in the wrong direction. Without any forward guidance in the curtailed FOMC statement or in Warsh's press conference, it will therefore be interesting to see whether Fed members are allowed to say anything about the future policy path in their speeches. These will start next week."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

11:28 USD/JPY Price Forecast: Consolidates above 160.50, two-year high amid intervention risks
The USD/JPY pair extends its sideways consolidative price move through the early European session on Thursday and trades just above mid-160.00s, near the highest level since July 2024, touched the previous day.

11:21 Swiss National Bank's Tschudin: Economic activity in Switzerland is resilient
Swiss National Bank governing board member Petra Tschudin said at the post-monetary policy assessment press conference on Thursday that the “economic activity in Switzerland is resilient, with solid GDP growth in the first quarter.

.fxs-related-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-related-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-related-module-related-link a{font-size:19.2px;line-height:25.92px}.fxs-related-module-related-link a{text-decoration:none;color:#1b1c23;font-weight:700;font-size:16px;font-style:normal;line-height:20px}.fxs-related-module-related-link a:hover,.fxs-related-module-related-link:hover,.fxs-related-module-related-link:hover a{color:#e4871b}.fxs-related-module-related-link a:hover{text-decoration:none}@media (min-width:680px){.fxs-related-module-title{font-size:19.2px;line-height:27.2px}.fxs-related-module-related-link a{font-size:19.2px;line-height:25.92px}} Swiss National Bank governing board member Petra Tschudin said at the post-monetary policy assessment press conference on Thursday that the “economic activity in Switzerland is resilient, with solid GDP growth in the first quarter.Key quotesTalks with companies point to solid economic momentum, but unemployment has risen somewhat.

The main risk to the Swiss economic outlook is the development in the global economy.

Moderate development of global economy is likely to dampen growth in Switzerland in coming quarters.

Growth impetus expected in the medium term.

Upward pressure on the Swiss Franc could increase again. Related news SNB keeps policy rate unchanged at 0% in June: What it means for Swiss Franc Swiss Franc edges lower after SNB leaves rates unchanged as expected Swiss National Bank's Schlegel: Risk of strong upward pressure on the Franc persists

11:11 Swiss National Bank's Martin anticipates inflation to remain elevated over coming quarters
Swiss National Bank (SNB) Vice Chairman Antoine Martinis is speaking at the press conference following the June monetary policy assessment, in which the central bank held interest rates unchanged at 0%.

11:10 Swiss Franc edges lower after SNB leaves rates unchanged as expected
The Swiss Franc gives away previous gains against the US Dollar (USD) with the USD/CHF pair turning positive on daily charts as the Swiss National Bank (SNB) confirmed its decision to leave rates unchanged.

11:06 Swiss National Bank's Schlegel: Risk of strong upward pressure on the Franc persists
Swiss National Bank (SNB) Chairman Martin Schlegel is addressing the press conference post the June monetary policy assessment, in which the central bank held interest rates unchanged at 0%.

11:00 Eurozone Current Account n.s.a: €14.9B (April) vs previous €24.1B
Eurozone Current Account n.s.a: €14.9B (April) vs previous €24.1B

11:00 Eurozone Current Account s.a came in at €15.7B, below expectations (€18.5B) in April
Eurozone Current Account s.a came in at €15.7B, below expectations (€18.5B) in April

10:39 SNB keeps policy rate unchanged at 0% in June: What it means for Swiss Franc
The Swiss National Bank (SNB), as widely expected, announced to keep the policy rate unchanged at 0% at the conclusion of the second quarter meeting this Thursday.

10:34 BI increases rates by 25 basis points in June
Bank Indonesia (BI) decided to hike the benchmark interest rate by 25 basis points to 5.75% on June 18, from the previous 5.5%. The decision aligned with the market expectations.

Bank Indonesia (BI) decided to hike the benchmark interest rate by 25 basis points to 5.75% on June 18, from the previous 5.5%. The decision aligned with the market expectations.The Indonesian Rupiah (IDR) receives support against the US Dollar (USD) as an immediate reaction to the BI interest rate decision. The USD/IDR is trading around 17,820 at the time of writing.BI Governor Perry Warjiyo's key quotesInflation remains under control.Rupiah is seen stabilising, with a tendency to strengthen going forward.2026 GDP outlook is seen in the range of +4.9% to +5.7%, unchanged.Rupiah has strengthened, supported by Bank Indonesia's stabilisation measures.Has increased the intensity of currency interventions to defend the rupiah.We have raised SRBI rates to attract foreign capital inflows.Outstanding SRBI rupiah notes at 1,021.1 trillion rupiah, with non-resident investors holding 238.1 trillion rupiah as of mid-June.

10:30 Indonesia Bank Indonesia Rate meets forecasts (5.75%)
Indonesia Bank Indonesia Rate meets forecasts (5.75%)

10:30 Switzerland SNB Interest Rate Decision meets forecasts (0%)
Switzerland SNB Interest Rate Decision meets forecasts (0%)

10:28 WTI Oil dips to fresh three-month lows sub-$74 amid Middle East peace hopes
Crude Oil prices drift lower on Thursday, weighed by hopes of a US-Iran peace agreement and the reopening of the key Strait of Hormuz. The price of the US benchmark West Texas Intermediate (WTI) barrel hit a three-month low of $73.36 on Thursday, on track for a more than 10% weekly decline.

10:08 British Pound holds gains vs JPY after UK jobs data; lacks bullish conviction ahead of BoE
The GBP/JPY cross builds on its steady intraday recovery from a one-and-a-half-week low, touched earlier this Thursday, and reclaims the 214.00 mark following the release of the UK monthly employment details.

10:02 Japanese Yen: Near intervention levels as Dollar climbs – Deutsche Bank
Deutsche Bank’s report highlights that the Japanese Yen has weakened to a post‑2024 low against the Dollar, though its decline was smaller than other G10 currencies.

Deutsche Bank’s report highlights that the Japanese Yen has weakened to a post‑2024 low against the Dollar, though its decline was smaller than other G10 currencies. The bank notes that restrained moves reflect proximity to levels that previously triggered FX intervention, with markets watching for potential official responses as US yields and the Dollar remain elevated.Yen hovers near prior intervention zone"In other corners of the market, the Japanese yen is largely unchanged, after falling -0.14% yesterday to a post-2024 low of 160.65 against the dollar.""However, that decline was smaller than for other G10 currencies, with the restrained moves coming as the yen reached levels that triggered FX intervention back in late April."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

10:01 UK labour market: Mixed signals extend MPC patience – Deutsche Bank
Deutsche Bank’s Chief UK Economist Sanjay Raja notes that recent UK labour market data show a mix of stronger employment indicators and softer pay dynamics, suggesting the jobs market is not yet fully recovered.

Deutsche Bank’s Chief UK Economist Sanjay Raja notes that recent UK labour market data show a mix of stronger employment indicators and softer pay dynamics, suggesting the jobs market is not yet fully recovered. He expects the labour market to stay sluggish in coming months and argues this mixed backdrop allows the MPC to delay rate hikes while monitoring economic and geopolitical developments.Mixed jobs data delays rate action"Today’s labour market data was a mixed bag. The unemployment rate surprisingly slipped lower to 4.9%. Tax data showed a surprise rise in payrolled employees (+2k) after a mammoth upward revision to April’s data (from -100k to -53k).""We expect the labour market to remain a bit sluggish through the coming months. But there is some light at the end of the long enduring US/Iran conflict. Should the MoU hold, we would expect employment trends to pick back up on the margins.""For now, today’s mixed data buys the MPC more time to wait and see how the economy evolves and how geopolitics play out. We see little rush for the MPC to push for rate hikes just yet. Instead, the Bank can let the dust settle on the energy conflict before recalibrating policy again."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

10:00 British Pound remains on the defensive as investors await BoE’s decision
The British Pound (GBP) trims losses against the US Dollar (USD) on Thursday, but remains near the two-month low hit on Wednesday.

09:58 EUR/JPY Price Forecast: Trades above 185.00 after rebounding from ascending channel bottom
EUR/JPY gains ground after registering modest losses in the previous day, trading around 185.10 during the early European hours on Thursday. The currency cross holds a capped tone as spot has slipped just under the nine-period and 50-period Exponential Moving Averages (EMAs).

09:56 USD/CAD Price Forecast: Gains ground above 1.4100, but overbought signals flag pullback risk
The USD/CAD pair trades on a positive note near 1.4105 during the early European trading hours on Thursday. The US Dollar (USD edges higher against the Canadian Dollar (CAD) after a hawkish hold by the Federal Reserve (Fed) triggered rate-hike bets despite ‌a US-Iran deal.

09:48 Forex Today: US Dollar rallies on hawkish Fed, focus shifts to BoE
Here is what you need to know on Thursday, June 18:

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Comments from Chairman Kevin Warsh in his first post-meeting press conference also were supportive for the currency. Later in the day, the Swiss National Bank (SNB) and the Bank of England (BoE) will announce interest rate decisions. The US economic calendar will feature weekly Initial Jobless Claims data and Philadelphia Fed's Manufacturing Survey for June.The USD Index gained nearly 1% on Wednesday and reached its highest level since late March above 100.50. The index corrects lower in the European session but manages to hold above 100.00. Wall Street's main indexes suffered heavy losses midweek, while the benchmark 10-year US Treasury bond yield rose by 1% to 4.5%. US stock index futures gain traction early Thursday and rise betwee 0.5% and 1.2% on the day. US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Canadian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.44% 0.68% 0.31% 0.81% 0.11% 0.56% 0.28% EUR -0.44% 0.21% -0.11% 0.35% -0.36% 0.11% -0.17% GBP -0.68% -0.21% -0.51% 0.15% -0.57% -0.10% -0.38% JPY -0.31% 0.11% 0.51% 0.49% -0.21% 0.29% -0.03% CAD -0.81% -0.35% -0.15% -0.49% -0.73% -0.20% -0.52% AUD -0.11% 0.36% 0.57% 0.21% 0.73% 0.48% 0.19% NZD -0.56% -0.11% 0.10% -0.29% 0.20% -0.48% -0.28% CHF -0.28% 0.17% 0.38% 0.03% 0.52% -0.19% 0.28% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). In the meantime, the White House stated late Wednesday that US President Donald Trump and Iran’s Masoud Pezeshkian signed the Memorandum of Understanding (MoU) to end the US-Israel war on Iran, BBC reported. Iranian officials said that the country will “not return to prewar conditions” and that Tehran will charge ships to transit the waterway after a 60-day toll-free period stipulated in the memorandum of understanding.Gold fell more than 1.5% following the Fed event but managed so stabilize at around $4,300 in the European morning on Thursday.GBP/USD came under heavy bearish pressure in the late American session and ended the day with a 1% loss. The pair stages a modest rebound and holds above 1.3300 early Thursday. The BoE is widely expected to maintain the bank rate at 3.75%. Since there will not be a press conference, investors will pay close attention to the vote split and the policy statement language.EUR/USD fell about 0.9% on Wednesday and erased the previous week's gains. The pair trades in positive territory at around 1.1530 in the European morning on Thursday.USD/CHF trades slightly below 0.8000 to start the European session following Wednesday's rally. The SNB is seen keeping the policy rate unchanged at 0%.USD/JPY registered small gains on Wednesday before stabilizing above 160.50. Japanese Chief Cabinet Secretary Minoru Kihara told a regular press conference on Thursday, that they are ready to respond appropriately to currency moves as needed at any time, when asked about the rapid recent in the Japanese Yen (JPY).Fed holds rates steady as elevated inflation and solid growth keep policy stance hawkishThe latest Fed Monetary Policy Statement striked a more hawkish tone relative to the historical average, with the FXS Speechtracker score rising to 6.0 from a baseline of 4.9 despite an unchanged 3.50-3.75% policy range. Emphasis on inflation remaining elevated versus the 2% goal, strong productivity and capital investment, and solid economic activity despite Middle East-related uncertainty, combined with a unanimous vote and a reaffirmed ample-reserves stance with scope to increase securities holdings “when appropriate,” underscored a Fed still prioritizing price stability over early easing. Overall, the communication signals a central bank comfortable with current settings but not yet ready to signal a pivot toward lower rates.The FXS Fed Sentiment Index dropped to 120 from around 150, suggesting that the hawkish stance was unchanged despite the index retreating from recent highs. With the index far above the neutral 100 mark, the Fed’s message continues to anchor expectations for restrictive policy, limiting immediate downside for the US Dollar even without an outright rate hike signal.Fed doubles down on 2% goal as guidance dropped, keeping Dollar bidComments from Fed Chairman Warsh at the post-meeting press conference sat exactly in line with the established baseline, with the FXS Speechtracker score arriving at 6/10 versus the historical average of 6/10, but the messaging was more structurally hawkish than the headline score implied. The repeated insistence that 2% inflation is the “longheld objective,” that there is “no reason” to revisit the target until it is delivered, and that inflation is “primarily determined by monetary policy” underscores a strong, unanimous commitment to keep policy tight enough to hit the goal, even as policymakers downplay the binding nature of the dots and explicitly drop forward guidance. The combination of a restrictive stance for the housing market, an acknowledgment that financial conditions remain relatively loose, and a shift toward data- and market-driven decision-making is likely to support the Dollar on dips, while increasing day-to-day sensitivity to incoming data and market pricing.The FXS Fed Sentiment Index held at 120.00 after the press conference. For FX traders, this configuration—an index still well above neutral alongside a mid-range FXS Speechtracker score—suggests that the Fed’s reaction function remains skewed toward restraining inflation, even as the explicit forward guidance framework is dismantled and markets are encouraged to let data and pricing lead the narrative. Fed FAQs What does the Federal Reserve do, how does it impact the US Dollar? Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback. How often does the Fed hold monetary policy meetings? The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis. What is Quantitative Easing (QE) and how does it impact USD? In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used during crises or when inflation is extremely low. It was the Fed’s weapon of choice during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy high grade bonds from financial institutions. QE usually weakens the US Dollar. What is Quantitative Tightening (QT) and how does it impact the US Dollar? Quantitative tightening (QT) is the reverse process of QE, whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing, to purchase new bonds. It is usually positive for the value of the US Dollar.

09:35 United States Dollar Index: Hawkish Fed repricing supports gains – Deutsche Bank
Deutsche Bank’s Early Morning Reid team notes that Kevin Warsh’s hawkish debut as Fed Chair and a more aggressive dot plot pushed markets to fully price a Fed hike by October.

Deutsche Bank’s Early Morning Reid team notes that Kevin Warsh’s hawkish debut as Fed Chair and a more aggressive dot plot pushed markets to fully price a Fed hike by October. The bank highlights that chances of a September move rose sharply, 2-year Treasury yields hit a 15‑month high, and the Dollar Index advanced as G10 currencies weakened.Fed repricing lifts Dollar and yields"That shifting Fed rhetoric led to a dramatic fed funds repricing, with chances of a September hike rising from 36% to 80% by yesterday’s close and 38bps of hikes being priced in by year-end.""In turn, 2yr Treasury yields (+13.1bps) saw their largest increase in over a year to a 15-month high of 4.19%. However, the 10yr yield was up by a more moderate +4.9bps while 30yr yields actually ended the day -1.2bps lower.""The rates repricing also weighed on assets such as gold (-1.71%) and Bitcoin (-2.15%). On the other hand, the dollar (+0.55%) gained against all G10 currencies."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

09:33 Gold: Higher yields and stronger Dollar weigh – Deutsche Bank
Deutsche Bank notes that the hawkish Fed repricing and stronger Dollar pressured Gold prices. The bank points out that risk assets sold off after the FOMC, with Gold declining alongside Bitcoin as 2‑year Treasury yields surged.

Deutsche Bank notes that the hawkish Fed repricing and stronger Dollar pressured Gold prices. The bank points out that risk assets sold off after the FOMC, with Gold declining alongside Bitcoin as 2‑year Treasury yields surged. Subsequent relief from the US‑Iran MoU did not fully offset the earlier move, leaving Gold modestly lower in the latest data.Hawkish Fed backdrop pressures Gold"The rates repricing also weighed on assets such as gold (-1.71%) and Bitcoin (-2.15%). On the other hand, the dollar (+0.55%) gained against all G10 currencies.""(Gold^ @ 4323 // -0.34%)"(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

09:14 Euro trims gains against the British Pound after UK jobs data, BoE rate decision looms
The EUR/GBP cross pares gains near 0.8650 during the early European trading hours on Thursday. The British Pound (GBP) trades flat against the Euro (EUR) following the UK employment report. All eyes will be on the Bank of England (BoE) interest rate decision later on Thursday.

09:10 Switzerland Exports (MoM) increased to 25128M in May from previous 22286M
Switzerland Exports (MoM) increased to 25128M in May from previous 22286M

09:10 Switzerland Imports (MoM) fell from previous 19188M to 19018M in May
Switzerland Imports (MoM) fell from previous 19188M to 19018M in May

09:03 United Kingdom Claimant Count Rate climbed from previous 4.4% to 4.5% in May
United Kingdom Claimant Count Rate climbed from previous 4.4% to 4.5% in May

09:01 United Kingdom Unemployment Rate falls to 4.9% in April: What it means for the British Pound
The United Kingdom’s (UK) ILO Unemployment Rate fell to 4.9% in the three months to April after reporting 5.0% in the previous reading, data published by the Office for National Statistics (ONS) showed on Thursday. The data came in below the market consensus of 5.0%.

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50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}} The United Kingdom’s (UK) ILO Unemployment Rate fell to 4.9% in the three months to April after reporting 5.0% in the previous reading, data published by the Office for National Statistics (ONS) showed on Thursday. The data came in below the market consensus of 5.0%.Additional details of the report showed that the number of people claiming jobless benefits rose by 31.2K in May, compared with a revised increase of 8.3K in April and the expected 25.8K gain.The Employment Change data came in at 100K in April against 148K recorded in March, better than the 80K expected. Meanwhile, Average Earnings, excluding Bonus, in the UK ticked up by 3.4% three months year-over-year (3M YoY) in April versus a 3.4% growth booked previously. The market expectation was for a 3.2% print.Another measure of wage inflation, Average Earnings, including Bonus, climbed by 4.4% in the same period after increasing by 4.4% (revision) in the quarter through March. The data beat the estimate of 4.0%.
What do United Kingdom employment report data mean for the British Pound?The UK's Employment Report is one of the most closely watched economic releases as it provides insights into the health of the labor market, wage growth, and inflationary pressures. The Unemployment Rate is the broadest indicator of Britain’s labor mamarket. ong all the indicators, average earnings growth is particularly important because of its direct link to inflation and the Bank of England (BoE) decision-making.Stronger-than-expected employment and wage growth data could provide some support to the GBP by prompting the BoE to maintain a tighter monetary policy stance. On the other hand, weaker labor market conditions generally weigh on the British Pound by increasing expectations for monetary easing.Technical Analysis: GBP/USD keep a bearish vibe in near termIn the daily chart, GBP/USD maintains a modest bearish bias as price holds beneath the 20-period simple moving average from the Bollinger Bands and the 100-day moving average. The pair is hovering just above the lower Bollinger Band support, while the Relative Strength Index (14) around 40 hints at weak downside momentum rather than outright oversold conditions, suggesting pressure remains to the downside unless buyers reclaim the overhead averages.On the topside, initial resistance is seen at the Bollinger middle band/20-period simple moving average near 1.3408, followed by the 100-day moving average at 1.3455, with the upper Bollinger Band around 1.3513 acting as a higher cap if gains extend. On the downside, the lower Bollinger Band at 1.3305 forms immediate support; a clear break below this level would open the door to further weakness, while holding above it could encourage a corrective bounce back toward the clustered moving-average resistance band.(The technical analysis of this story was written with the help of an AI tool.) Economic Indicator ILO Unemployment Rate (3M) The ILO Unemployment Rate released by the UK Office for National Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the UK Economy. If the rate goes up, it indicates a lack of expansion within the UK labor market. As a result, a rise leads to a weakening of the UK economy. Generally, a decrease of the figure is seen as bullish for the Pound Sterling (GBP), while an increase is seen as bearish. Read more. Last release: Tue May 19, 2026 06:00 Frequency: Monthly Actual: 5% Consensus: 4.9% Previous: 4.9% Source: Office for National Statistics Why it matters to traders? The Unemployment Rate is the broadest indicator of Britain’s labor market. The figure is highlighted by the broad media, beyond the financial sector, giving the publication a more significant impact despite its late publication. It is released around six weeks after the month ends. While the Bank of England is tasked with maintaining price stability, there is a substantial inverse correlation between unemployment and inflation. A higher than expected figure tends to be GBP-bearish. Employment FAQs How do employment levels affect currencies? Labor market conditions are a key element to assess the health of an economy and thus a key driver for currency valuation. High employment, or low unemployment, has positive implications for consumer spending and thus economic growth, boosting the value of the local currency. Moreover, a very tight labor market – a situation in which there is a shortage of workers to fill open positions – can also have implications on inflation levels and thus monetary policy as low labor supply and high demand leads to higher wages. Why is wage growth important? The pace at which salaries are growing in an economy is key for policymakers. High wage growth means that households have more money to spend, usually leading to price increases in consumer goods. In contrast to more volatile sources of inflation such as energy prices, wage growth is seen as a key component of underlying and persisting inflation as salary increases are unlikely to be undone. Central banks around the world pay close attention to wage growth data when deciding on monetary policy. How much do central banks care about employment? The weight that each central bank assigns to labor market conditions depends on its objectives. Some central banks explicitly have mandates related to the labor market beyond controlling inflation levels. The US Federal Reserve (Fed), for example, has the dual mandate of promoting maximum employment and stable prices. Meanwhile, the European Central Bank’s (ECB) sole mandate is to keep inflation under control. Still, and despite whatever mandates they have, labor market conditions are an important factor for policymakers given its significance as a gauge of the health of the economy and their direct relationship to inflation.

09:01 Switzerland Trade Balance increased to 6110M in May from previous 3098M
Switzerland Trade Balance increased to 6110M in May from previous 3098M

09:00 United Kingdom Employment Change (3M) came in at 100K, above forecasts (80K) in April
United Kingdom Employment Change (3M) came in at 100K, above forecasts (80K) in April

09:00 United Kingdom Average Earnings Including Bonus (3Mo/Yr) came in at 4.4%, above expectations (4%) in April
United Kingdom Average Earnings Including Bonus (3Mo/Yr) came in at 4.4%, above expectations (4%) in April

09:00 United Kingdom ILO Unemployment Rate (3M) registered at 4.9%, below expectations (5%) in April
United Kingdom ILO Unemployment Rate (3M) registered at 4.9%, below expectations (5%) in April

09:00 United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) registered at 3.4% above expectations (3.2%) in April
United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) registered at 3.4% above expectations (3.2%) in April

09:00 United Kingdom Claimant Count Change registered at 31.2K above expectations (25.8K) in May
United Kingdom Claimant Count Change registered at 31.2K above expectations (25.8K) in May

09:00 BoE expected to keep interest rate unchanged as inflation pressures abate
The Bank of England (BoE) is on track to leave the benchmark Bank Rate unchanged at 3.75% for the fourth consecutive time on Thursday, as the US-Iran peace deal and the softer-than-expected consumer inflation figures seen earlier in the week have eased pressures to tighten its monetary policy.

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.fxs-event-module-header{font-size:12.8px;line-height:17px}.fxs-event-module-read-more{display:flex;align-items:center;align-content:center;gap:4px;color:#e4871b;font-size:12.8px;font-family:Roboto;font-style:normal;font-weight:700;line-height:17px;text-decoration:none}.fxs-event-module-read-more svg{width:16px;height:16px}.fxs-event-module-read-more:hover span{text-decoration:underline}.fxs-event-module-release{margin:0;display:flex;flex-direction:column;gap:2px}.fxs-event-module-release>p{font-size:12.8px;font-family:Roboto;font-style:normal;line-height:17px;margin:0}.fxs-event-module-release>p>strong{color:#8c8d91;font-weight:700}.fxs-event-module-release>p>span{color:#8c8d91;font-weight:400}.fxs-event-module-release>p>a{color:#e4871b;font-weight:700;text-decoration:none}.fxs-event-module-release>p>a:hover>span{text-decoration:underline}.fxs-event-module-inner-calendar .fxs-event-module-container{margin:16px 0 0 0;border-top:1px solid #ececf1;padding:12px 0 0 0}@media (min-width:680px){.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:14.72px;line-height:20px}.fxs-event-module-release p{font-size:14.72px;line-height:20px}.fxs-event-module-read-more{font-size:14.72px;line-height:20px}.fxs-event-module-calendar-title{font-size:22.4px;line-height:25.6px}.fxs-event-module-title{font-size:19.2px;line-height:27.2px}.fxs-event-module-header{font-size:19.2px;line-height:25.92px}.fxs-event-module-content{font-size:16px;line-height:21.6px}}The Bank of England is expected to hold the key interest rate at 3.75% for the fourth straight meeting on Thursday.UK inflation steadied in May, and hopes of peace in the Middle East have sent Oil prices tumbling.The Pound Sterling might come under pressure if the BoE turns dovish.The Bank of England (BoE) is on track to leave the benchmark Bank Rate unchanged at 3.75% for the fourth consecutive time on Thursday, as the US-Iran peace deal and the softer-than-expected consumer inflation figures seen earlier in the week have eased pressures to tighten its monetary policy. UK economy is giving worrying signs of weakening at the outset of the second quarter, and Consumer Prices Index (CPI) figures have shown inflationary pressures remained somewhat contained in May. With Oil prices in decline and a US-Iran peace deal at the table, the BoE seems unlikely to hike interest rates on Thursday and probably not in the rest of the year either.It will not be a “Super Thursday,” and therefore, Governor Andrew Bailey will not speak after the decision. Markets will look through the minutes of the bank and analyze changes in the vote split to try to assess the bank’s forward path.What to expect from the Bank of England policy announcements?Recent UK data and the progress on the US-Iran peace process have significantly changed the scenario for the Bank of England, and although the bank is unlikely to alter its “wait-and-see” stance, these new circumstances might prompt BoE policymakers to adopt a more dovish stance.Oil prices have dropped sharply from recent highs: Brent Oil is about 30% below the level it was at the previous BoE meeting. The US and Iran have advanced towards a peace deal that might lead to resuming toll-free shipping through the Strait of Hormuz, which would contribute to easing energy prices further.

In the UK, Consumer Price Index figures released on Wednesday delivered a positive surprise. Yearly inflation remained steady at 2.8%, significantly below the 3.3% peak reached in March, with monthly inflation easing to 0.2% from 0.7% in the previous month and core inflation growing below expectations. May’s inflation figures are below the Bank of England’s February projections, easing pressure on the bank to hike interest rates in the coming months.Source: Office for National Statistics
Beyond that, the UK economy is giving signs of exhaustion. Gross Domestic Product (GDP) shrank 0.1% in April, following a 0.3% growth in March and 0.4% in February, and Industrial Production stalled after a 0.2% contraction in the previous month. In this context, the BoE risks tipping the economy into a long-lasting recession by tightening borrowing costs.The bank voted in April to keep interest rates on hold by 8 votes against 1, with the bank’s Chief Economist, Huw Pill, calling for a rate hike. Investors will be eager to know whether Pill has changed his mind in the new scenario, and, possibly, for any potential voices bringing rate cuts back to the table.In conclusion, recent developments have cemented market expectations that the BoE will stand pat on Thursday, shifting the focus to the vote split to assess whether the soft inflation and economic growth data have prompted committee members to ditch hopes of interest rate hikes.

Analysts at Deutsche Bank agree that recent developments have provided some leeway for the BoE to maintain its policy unchanged: “The sting from the Iran conflict looks less than markets initially assumed. The peak in CPI could end up well below what we saw last year. This could give the BoE some pause for thought. Indeed, it could buy the MPC more time to assess the risks around so-called second round effects.”How will the BoE interest rate decision impact GBP/USD?The British Pound (GBP) has been trading sideways around 1.3400 against the US Dollar (USD) this week, after picking up from two-month lows near 1.3300. Reports of progress in the US-Iran peace talks have supported a moderate Pound recovery, as risk appetite undermined demand for the safe-haven USD. The pair, however, remains halfway through the monthly trading range, with upside attempts limited below the 1.3500 area.The risk from the BoE’s monetary policy decision is skewed to the downside, as macroeconomic data has paved the way for the bank to leave interest rates unchanged in the near-term. With this in mind, investors will be looking for hints of a dovish turn, which might increase negative pressure on the Pound.
Guillermo Alcalá, FX Analyst at FXStreet, sees the GBP/USD likely to drift lower towards the 1.3300 area if the BoE delivers a “dovish hold”: “The pair lost momentum after the release of the UK CPI data and might extend its reversal if the BoE turns dovish. Immediate support at the 1.3380-1.3390 area might give way, but it might require additional impulse to breach the key 1.3300 area.”Upside attempts remain limited for now, but Alcalá warns that the confirmation of a peace deal in the Middle East might send the GBP surging: “Pound buyers are lacking incentives right now, but we should not forget that the reaction to the US-Iran deal has been tame so far. If the peace agreement is confirmed and the Strait of Hormuz reopens, risk appetite might boost the Pound to 1.3500 and beyond.” Interest rates FAQs What are interest rates? Interest rates are charged by financial institutions on loans to borrowers and are paid as interest to savers and depositors. They are influenced by base lending rates, which are set by central banks in response to changes in the economy. Central banks normally have a mandate to ensure price stability, which in most cases means targeting a core inflation rate of around 2%. If inflation falls below target the central bank may cut base lending rates, with a view to stimulating lending and boosting the economy. If inflation rises substantially above 2% it normally results in the central bank raising base lending rates in an attempt to lower inflation. How do interest rates impact currencies? Higher interest rates generally help strengthen a country’s currency as they make it a more attractive place for global investors to park their money. How do interest rates influence the price of Gold? Higher interest rates overall weigh on the price of Gold because they increase the opportunity cost of holding Gold instead of investing in an interest-bearing asset or placing cash in the bank. If interest rates are high that usually pushes up the price of the US Dollar (USD), and since Gold is priced in Dollars, this has the effect of lowering the price of Gold. What is the Fed Funds rate? The Fed funds rate is the overnight rate at which US banks lend to each other. It is the oft-quoted headline rate set by the Federal Reserve at its FOMC meetings. It is set as a range, for example 4.75%-5.00%, though the upper limit (in that case 5.00%) is the quoted figure. Market expectations for future Fed funds rate are tracked by the CME FedWatch tool, which shapes how many financial markets behave in anticipation of future Federal Reserve monetary policy decisions. Economic Indicator BoE Interest Rate Decision The Bank of England (BoE) announces its interest rate decision at the end of its eight scheduled meetings per year. If the BoE is hawkish about the inflationary outlook of the economy and raises interest rates it is usually bullish for the Pound Sterling (GBP). Likewise, if the BoE adopts a dovish view on the UK economy and keeps interest rates unchanged, or cuts them, it is seen as bearish for GBP. Read more. Next release: Thu Jun 18, 2026 11:00 Frequency: Irregular Consensus: 3.75% Previous: 3.75% Source: Bank of England

08:08 160.80: Japanese Yen remains close to nearly two-year lows
USD/JPY inches lower after four days of gains, trading around 160.60 during the Asian hours on Thursday.

08:04 EUR/USD Price Forecast: Recovers further from March low, climbs to 1.1525 on weaker USD
The EUR/USD pair attracts some buyers during the Asian session on Thursday and moves away from its lowest level since late March, around the 1.1480-1.1475 region touched the previous day.

08:01 Swiss Franc strengthens ahead of SNB rate decision
The USD/CHF pair loses momentum to around 0.7985 during the early European session on Thursday. The United States (US) and Iran signed an interim agreement that would end the Iran war, weighing on the US Dollar (USD) against the Swiss Franc (CHF).

07:40 Indian Rupee advances as fading risk aversion weighs on US Dollar
The Indian Rupee (INR) gains ground after registering modest losses in the previous day against the US Dollar (USD) on Thursday.

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The USD/INR pair depreciates as the US Dollar (USD) declines on easing safe-haven demand following the BBC report late Wednesday, suggesting that the White House confirmed that US President Donald Trump and Iranian President Masoud Pezeshkian signed a preliminary memorandum of understanding designed to end the US-Israel war on Iran.Fed rate hike odds in 2026However, the USD/INR pair may regain its ground as the US Dollar could rebound on rising odds of rate hikes by the Federal Reserve (Fed) later this year. The Fed’s June Summary of Economic Projections showed half of FOMC members expect at least one rate hike this year. Despite economic disruptions linked to the conflict in Iran, resilient labor market data and persistent underlying inflation measures continue to drive tightening pressures.The Federal Open Market Committee (FOMC) voted unanimously to maintain its benchmark federal funds rate in the range of 3.5% to 3.75%. In his first meeting since taking the helm of the US central bank, the newly appointed Federal Reserve Chairman, Kevin Warsh, vowed to aggressively restore price stability.Indian equities fall following the Federal Reserve's decision to hold interest rates steady, amid signals that the central bank could still hike borrowing costs later this year. The prospect of higher-for-longer US rates typically sours the appeal of emerging markets like India, keeping investor risk appetite firmly in check.WTI declines on easing supply risksThe Indian Rupee is expected to see relief from depreciation pressures as global crude oil prices extend their decline. This drop follows a landmark interim agreement between the United States and Iran, which halted their active military conflict and fully reopened the vital Strait of Hormuz, successfully calming global energy supply anxieties.UK-India trade deal to start in JulyThe landmark free trade agreement between Britain and India will officially take effect next month on July 15. The rollout was locked in after India confirmed its concerns had been resolved regarding the UK’s upcoming steel tariff regime, which had previously threatened to delay the deal. Signed last year, the long-awaited economic pact unites the world’s fifth- and sixth-largest economies.RBI rejects offshore settlement for sovereign bondsThe Reserve Bank of India (RBI) remains opposed to enabling the direct settlement of local government bonds through offshore platforms like Euroclear, according to Reuters sources. Despite recent tax incentives designed to lure foreign capital, the central bank is holding its ground: it wants overseas investors to trade directly on its domestic NDS-OM electronic platform rather than using international clearing houses.Technical Analysis: USD/INR trades near 94.50 below moving averagesUSD/INR depreciates after registering modest gains the previous day, trading around 94.60 at the time of writing. The technical analysis of the daily chart suggests that the spot price remains within the descending triangle, indicating a consolidation phase.The 14-day Relative Strength Index (RSI) around 43 suggests weak momentum, reinforcing the risk of further downside as long as price remains suppressed beneath these moving averages.The immediate support lies at the lower boundary of the descending triangle around 94.30, while the initial resistance lies at the 50-day EMA of 94.74, followed by the nine-day EMA at 94.89.USD/INR: Daily Chart US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Indian Rupee. USD EUR GBP JPY CAD AUD NZD INR USD -0.18% -0.16% -0.03% -0.00% -0.32% -0.41% -0.43% EUR 0.18% 0.02% 0.15% 0.17% -0.15% -0.29% 0.03% GBP 0.16% -0.02% 0.11% 0.13% -0.16% -0.31% -0.30% JPY 0.03% -0.15% -0.11% 0.05% -0.30% -0.44% -0.10% CAD 0.00% -0.17% -0.13% -0.05% -0.34% -0.48% -0.13% AUD 0.32% 0.15% 0.16% 0.30% 0.34% -0.14% 0.23% NZD 0.41% 0.29% 0.31% 0.44% 0.48% 0.14% 0.02% INR 0.43% -0.03% 0.30% 0.10% 0.13% -0.23% -0.02% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote). Indian Rupee FAQs What are the key factors driving the Indian Rupee? The Indian Rupee (INR) is one of the most sensitive currencies to external factors. The price of Crude Oil (the country is highly dependent on imported Oil), the value of the US Dollar – most trade is conducted in USD – and the level of foreign investment, are all influential. Direct intervention by the Reserve Bank of India (RBI) in FX markets to keep the exchange rate stable, as well as the level of interest rates set by the RBI, are further major influencing factors on the Rupee. How do the decisions of the Reserve Bank of India impact the Indian Rupee? The Reserve Bank of India (RBI) actively intervenes in forex markets to maintain a stable exchange rate, to help facilitate trade. In addition, the RBI tries to maintain the inflation rate at its 4% target by adjusting interest rates. Higher interest rates usually strengthen the Rupee. This is due to the role of the ‘carry trade’ in which investors borrow in countries with lower interest rates so as to place their money in countries’ offering relatively higher interest rates and profit from the difference. What macroeconomic factors influence the value of the Indian Rupee? Macroeconomic factors that influence the value of the Rupee include inflation, interest rates, the economic growth rate (GDP), the balance of trade, and inflows from foreign investment. A higher growth rate can lead to more overseas investment, pushing up demand for the Rupee. A less negative balance of trade will eventually lead to a stronger Rupee. Higher interest rates, especially real rates (interest rates less inflation) are also positive for the Rupee. A risk-on environment can lead to greater inflows of Foreign Direct and Indirect Investment (FDI and FII), which also benefit the Rupee. How does inflation impact the Indian Rupee? Higher inflation, particularly, if it is comparatively higher than India’s peers, is generally negative for the currency as it reflects devaluation through oversupply. Inflation also increases the cost of exports, leading to more Rupees being sold to purchase foreign imports, which is Rupee-negative. At the same time, higher inflation usually leads to the Reserve Bank of India (RBI) raising interest rates and this can be positive for the Rupee, due to increased demand from international investors. The opposite effect is true of lower inflation.

07:35 India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Thursday, according to data compiled by FXStreet.

07:30 AUD/USD Price Forecast: Eyes 0.7050 on weaker USD; 100-day SMA holds the key for bulls
The AUD/USD pair regains positive traction during the Asian session on Thursday, reversing part of the previous day's slide to sub-0.7000 levels, or the weekly low. Spot prices currently trade around the 0.7040 region, up nearly 0.40% for the day, amid a broadly weaker US Dollar (USD).

07:30 Netherlands, The Unemployment Rate s.a (3M) remains unchanged at 3.9% in May
Netherlands, The Unemployment Rate s.a (3M) remains unchanged at 3.9% in May

07:08 Silver Price Forecast: XAG/USD rises above $69.00, but stays constrained below 100-day SMA
Silver price rises to near $69.15 during the Asian trading hours on Thursday. The white metal attracts some buyers following positive developments surrounding the US-Iran peace deal.

06:45 Gold retakes $4,300 as US‑Iran peace deal weighs on USD after hawkish Fed
Gold (XAU/USD) attracts fresh buyers on Thursday and climbs back above the $4,300 mark during the Asian session as the US-Iran peace deal prompts some US Dollar (USD) profit-taking.

05:59 Indonesian Rupiah receives support ahead of BI policy decision
USD/IDR inches lower after opening at a bullish gap, remaining in the positive territory and trading around 17,880 during the Asian hours on Thursday. The currency pair breaks lower as the Indonesian Rupiah (IDR) finds support ahead of Bank Indonesia’s (BI) policy meeting on Thursday.

05:41 Japan’s Kihara: Ready to respond 'appropriately' to Yen moves
Japanese Chief Cabinet Secretary Minoru Kihara told a regular press conference on Thursday, “we are ready to respond appropriately to currency moves as needed at any time,” when asked about the rapid decline in the Japanese Yen (JPY).

05:20 New Zealand Dollar gains ground to near 0.5800 as US-Iran Presidents signs agreement to end war
The NZD/USD pair gains traction to around 0.5790 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) amid upbeat annual New Zealand Gross Domestic Product (GDP) data and improved risk sentiment.

05:08 United States Dollar Index holds losses after pulling back from 11-week highs
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, pulled back after reaching an 11-week high of 100.57 in the previous day and is now trading around 100.30 during the Asian hours on Thursday.

04:54 Japanese Yen bears turn cautious amid intervention fears as Iran deal undermines USD
The USD/JPY pair holds steady above mid-160.00s during the Asian session on Thursday, consolidating its gains registered over the past four days to the highest level since July 2024.

04:25 Canadian Dollar inches higher as fading risk aversion weighs on US Dollar
USD/CAD inches lower after five days of gains, trading around 1.4100 during the Asian hours on Thursday.

04:19 Australian Dollar drifts higher above 0.7000 as Trump signs US-Iran deal
The AUD/USD pair gathers strength to around 0.7025 during the early Asian trading hours on Thursday. Optimism surrounding the US-Iran peace deal provides some support to the riskier assets, such as the Australian Dollar (AUD) against the US Dollar (USD).

04:16 British Pound recovers from two-month low ahead of BoE as Iran peace deal weigh on USD
The GBP/USD pair gains some positive traction during the Asian session on Thursday and moves away from its lowest level since April 7, around the 1.3260 region set the previous day.

04:15 PBOC sets USD/CNY reference rate at 6.8130 vs. 6.8096 previous
On Thursday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8130 compared to the previous day's fix of 6.8096 and 6.7752 Reuters estimate.

04:02 WTI holds gains above $75.00 despite easing supply concerns, Fed rate hike odds in 2026
West Texas Intermediate (WTI) oil price edges higher after five days of losses, trading around $75.10 per barrel during the Asian hours on Thursday. Crude oil prices gain ground despite easing Middle East tensions and supply concerns.

03:24 Euro rebounds above 1.1500 on US‑Iran peace breakthrough, Fed holds rate
The EUR/USD pair recovers some lost ground near 1.1515 during the early Asian trading hours on Thursday. The Euro (EUR) strengthens against the US Dollar (USD) on improved risk sentiment after US President Donald Trump signed the US-Iran MoU to end the war.

02:50 Japan Foreign Investment in Japan Stocks dipped from previous ¥-701B to ¥-785.1B in June 12
Japan Foreign Investment in Japan Stocks dipped from previous ¥-701B to ¥-785.1B in June 12

02:34 US President Donald Trump signs US-Iran MoU to end war
The White House stated that US President Donald Trump and Iran’s Masoud Pezeshkian signed the memorandum of understanding to end the US-Israel war on Iran, BBC reported late Wednesday.

02:18 Gold slumps to near $4,250 as Fed holds rates but flags potential hike this year
Gold price (XAU/USD) tumbles to around $4,280 during the early Asian session on Thursday. The precious metal faces some selling pressure after the US Federal Reserve (Fed) decided to hold its benchmark interest rate steady but signaled a hike in borrowing costs later this year.

01:58 0.8%: New Zealand’s Gross Domestic Product grows less than expected in Q1
New Zealand's Gross Domestic Product (GDP) grew by 0.8% QoQ in the first quarter (Q1) of 2026, compared with a 0.5% expansion (revised from 0.2%) in the fourth quarter of 2025, Statistics New Zealand showed on Thursday. This reading came in weaker than the expectation of a rise of 0.9%.

New Zealand's Gross Domestic Product (GDP) grew by 0.8% QoQ in the first quarter (Q1) of 2026, compared with a 0.5% expansion (revised from 0.2%) in the fourth quarter of 2025, Statistics New Zealand showed on Thursday. This reading came in weaker than the expectation of a rise of 0.9%.The first-quarter GDP expanded by 1.5% YoY, compared with a rise of 1.5% (revised from 1.3%) in Q4 of 2025, while beating the estimation of a 1.1% growth.

01:45 New Zealand Gross Domestic Product (QoQ) below forecasts (0.9%) in 1Q: Actual (0.8%)
New Zealand Gross Domestic Product (QoQ) below forecasts (0.9%) in 1Q: Actual (0.8%)

01:45 New Zealand Gross Domestic Product (YoY) came in at 1.5%, above forecasts (1.1%) in 1Q
New Zealand Gross Domestic Product (YoY) came in at 1.5%, above forecasts (1.1%) in 1Q

01:01 Brazil Interest Rate Decision in line with expectations (14.25%)
Brazil Interest Rate Decision in line with expectations (14.25%)

00:27 Japanese Yen tumbles as Fed signals higher rate path
The Japanese Yen depreciated against the US Dollar on Wednesday after the US Federal Reserve delivered a hawkish hold, with most officials expecting one rate hike towards the end of the year, while the new Fed Chair, Warsh, reiterated the Fed’s commitment to achieving the 2% inflation goal.

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14:17 Euro: Recovery seen but forecasts stay below consensus – Rabobank Rabobank’s FX Strategy report argues the Euro played a significant role in last year’s strong EUR/USD rally, supported by Germany’s debt brake loosening and improved European growth expectations.

14:15 United States Dollar Index: Recoupling with rates – Societe Generale Societe Generale’s Kit Juckes notes that the Dollar Index is closely tracking EUR/USD and highlights how President Trump’s policies weakened the Dollar relative to what economic and monetary fundamentals implied.

14:10 Norwegian Krone: Norges Bank hawkish hold supports currency – BBH Brown Brothers Harriman notes Norges Bank kept its policy rate at 4.25% but delivered a hawkish hold by reinforcing guidance for another hike at an upcoming meeting.

14:00 United Kingdom BoE MPC Vote Rate Unchanged in line with expectations (7) United Kingdom BoE MPC Vote Rate Unchanged in line with expectations (7)

14:00 United Kingdom BoE MPC Vote Rate Hike in line with forecasts (2) United Kingdom BoE MPC Vote Rate Hike in line with forecasts (2)

14:00 United Kingdom BoE Interest Rate Decision in line with expectations (3.75%) United Kingdom BoE Interest Rate Decision in line with expectations (3.75%)

13:58 Euro: Mirror for Dollar moves – Societe Generale In the same note, Societe Generale’s Kit Juckes describes EUR/USD as a near‑mirror of the Dollar Index, reflecting the Dollar’s past weakness under President Trump and its current recoupling with relative interest rates.

13:57 Silver price advances on US-Iran agreement, hawkish Fed limits upside Silver (XAG/USD) advances toward $68.10 on Thursday, up 1.05% on the day at the time of writing.

13:53 Swiss Franc: SNB neutrality keeps Franc pressured – BBH Brown Brothers Harriman reports the Swiss National Bank left its policy rate at 0.00% for a fourth meeting, characterizing the decision as a neutral hold.

13:50 United States Dollar: Haven status tested by Fed shift – Rabobank Rabobank’s FX Strategy team notes the Dollar has recently been supported by both safe haven demand and shifting expectations for Federal Reserve policy.

12:59 Gold Price Forecast: XAU/USD hesitates below $4,300 as Fed hiking bets rise Gold (XAU/USD) shows marginal gains on Thursday, but remains close to weekly lows at $4,220.

12:30 Silver price today: Silver rises, according to FXStreet data Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $68.29 per troy ounce, up 1.34% from the $67.39 it cost on Wednesday.

12:14 Euro: Range floor holds into ECB decisions – ING ING’s Chris Turner argues EUR/USD’s test of 1.1500 after the hawkish FOMC is unlikely to extend much lower, with 1.14/1.15 seen as the summer range floor given ING’s view that the Fed will not hike.

12:01 Eurozone Construction Output s.a (MoM) fell from previous 0.8% to 0.6% in April Eurozone Construction Output s.a (MoM) fell from previous 0.8% to 0.6% in April

12:01 Eurozone Construction Output w.d.a (YoY) up to 0.9% in April from previous -1.2% Eurozone Construction Output w.d.a (YoY) up to 0.9% in April from previous -1.2%

11:52 Euro remains capped below 1.1525 weighed by post-Fed US Dollar strength The Euro (EUR) is trading practically flat against the US Dollar (USD) on Thursday, changing hands at 1.1504 at the time of writing, after failing to find acceptance above 1.1525.

11:49 Spain 10-y Obligaciones Auction dipped from previous 3.392% to 3.383% Spain 10-y Obligaciones Auction dipped from previous 3.392% to 3.383%

11:46 United States Dollar: Fed hawkish shift supports higher Dollar – MUFG MUFG’s Lee Hardman notes that the Fed’s latest policy update has lifted US rates and supported the Dollar, with the Dollar Index back above 100.00 and markets now pricing multiple Fed hikes.

11:45 British Pound: BoE caution weighs on sterling – ING ING’s Chris Turner expects the Bank of England to leave policy unchanged in a 7–2 vote while sounding hawkish, but ultimately sees UK inflation peaking near 3.5% later this year without triggering tightening.

11:38 United States Dollar: Fed story supports modest gains – ING ING’s Chris Turner notes the Dollar is holding gains after the Federal Reserve’s hawkish shift under Chair Kevin Warsh, with markets pricing about 44bp of tightening by Q2 2026.

11:11 Swiss National Bank's Martin anticipates inflation to remain elevated over coming quarters Swiss National Bank (SNB) Vice Chairman Antoine Martinis is speaking at the press conference following the June monetary policy assessment, in which the central bank held interest rates unchanged at 0%.

11:10 Swiss Franc edges lower after SNB leaves rates unchanged as expected The Swiss Franc gives away previous gains against the US Dollar (USD) with the USD/CHF pair turning positive on daily charts as the Swiss National Bank (SNB) confirmed its decision to leave rates unchanged.

11:06 Swiss National Bank's Schlegel: Risk of strong upward pressure on the Franc persists Swiss National Bank (SNB) Chairman Martin Schlegel is addressing the press conference post the June monetary policy assessment, in which the central bank held interest rates unchanged at 0%.

11:00 Eurozone Current Account n.s.a: €14.9B (April) vs previous €24.1B Eurozone Current Account n.s.a: €14.9B (April) vs previous €24.1B

11:00 Eurozone Current Account s.a came in at €15.7B, below expectations (€18.5B) in April Eurozone Current Account s.a came in at €15.7B, below expectations (€18.5B) in April

10:39 SNB keeps policy rate unchanged at 0% in June: What it means for Swiss Franc The Swiss National Bank (SNB), as widely expected, announced to keep the policy rate unchanged at 0% at the conclusion of the second quarter meeting this Thursday.

10:34 BI increases rates by 25 basis points in June Bank Indonesia (BI) decided to hike the benchmark interest rate by 25 basis points to 5.75% on June 18, from the previous 5.5%. The decision aligned with the market expectations.

10:30 Indonesia Bank Indonesia Rate meets forecasts (5.75%) Indonesia Bank Indonesia Rate meets forecasts (5.75%)

10:30 Switzerland SNB Interest Rate Decision meets forecasts (0%) Switzerland SNB Interest Rate Decision meets forecasts (0%)

10:02 Japanese Yen: Near intervention levels as Dollar climbs – Deutsche Bank Deutsche Bank’s report highlights that the Japanese Yen has weakened to a post‑2024 low against the Dollar, though its decline was smaller than other G10 currencies.

10:01 UK labour market: Mixed signals extend MPC patience – Deutsche Bank Deutsche Bank’s Chief UK Economist Sanjay Raja notes that recent UK labour market data show a mix of stronger employment indicators and softer pay dynamics, suggesting the jobs market is not yet fully recovered.

10:00 British Pound remains on the defensive as investors await BoE’s decision The British Pound (GBP) trims losses against the US Dollar (USD) on Thursday, but remains near the two-month low hit on Wednesday.

09:48 Forex Today: US Dollar rallies on hawkish Fed, focus shifts to BoE Here is what you need to know on Thursday, June 18:

09:35 United States Dollar Index: Hawkish Fed repricing supports gains – Deutsche Bank Deutsche Bank’s Early Morning Reid team notes that Kevin Warsh’s hawkish debut as Fed Chair and a more aggressive dot plot pushed markets to fully price a Fed hike by October.

09:33 Gold: Higher yields and stronger Dollar weigh – Deutsche Bank Deutsche Bank notes that the hawkish Fed repricing and stronger Dollar pressured Gold prices. The bank points out that risk assets sold off after the FOMC, with Gold declining alongside Bitcoin as 2‑year Treasury yields surged.

09:10 Switzerland Exports (MoM) increased to 25128M in May from previous 22286M Switzerland Exports (MoM) increased to 25128M in May from previous 22286M

09:10 Switzerland Imports (MoM) fell from previous 19188M to 19018M in May Switzerland Imports (MoM) fell from previous 19188M to 19018M in May

09:03 United Kingdom Claimant Count Rate climbed from previous 4.4% to 4.5% in May United Kingdom Claimant Count Rate climbed from previous 4.4% to 4.5% in May

09:01 Switzerland Trade Balance increased to 6110M in May from previous 3098M Switzerland Trade Balance increased to 6110M in May from previous 3098M

09:00 United Kingdom Employment Change (3M) came in at 100K, above forecasts (80K) in April United Kingdom Employment Change (3M) came in at 100K, above forecasts (80K) in April

09:00 United Kingdom Average Earnings Including Bonus (3Mo/Yr) came in at 4.4%, above expectations (4%) in April United Kingdom Average Earnings Including Bonus (3Mo/Yr) came in at 4.4%, above expectations (4%) in April

09:00 United Kingdom ILO Unemployment Rate (3M) registered at 4.9%, below expectations (5%) in April United Kingdom ILO Unemployment Rate (3M) registered at 4.9%, below expectations (5%) in April

09:00 United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) registered at 3.4% above expectations (3.2%) in April United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) registered at 3.4% above expectations (3.2%) in April

09:00 United Kingdom Claimant Count Change registered at 31.2K above expectations (25.8K) in May United Kingdom Claimant Count Change registered at 31.2K above expectations (25.8K) in May

08:08 160.80: Japanese Yen remains close to nearly two-year lows USD/JPY inches lower after four days of gains, trading around 160.60 during the Asian hours on Thursday.

08:04 EUR/USD Price Forecast: Recovers further from March low, climbs to 1.1525 on weaker USD The EUR/USD pair attracts some buyers during the Asian session on Thursday and moves away from its lowest level since late March, around the 1.1480-1.1475 region touched the previous day.

07:40 Indian Rupee advances as fading risk aversion weighs on US Dollar The Indian Rupee (INR) gains ground after registering modest losses in the previous day against the US Dollar (USD) on Thursday.

07:35 India Gold price today: Gold rises, according to FXStreet data Gold prices rose in India on Thursday, according to data compiled by FXStreet.

07:30 Netherlands, The Unemployment Rate s.a (3M) remains unchanged at 3.9% in May Netherlands, The Unemployment Rate s.a (3M) remains unchanged at 3.9% in May

07:08 Silver Price Forecast: XAG/USD rises above $69.00, but stays constrained below 100-day SMA Silver price rises to near $69.15 during the Asian trading hours on Thursday. The white metal attracts some buyers following positive developments surrounding the US-Iran peace deal.

06:45 Gold retakes $4,300 as US‑Iran peace deal weighs on USD after hawkish Fed Gold (XAU/USD) attracts fresh buyers on Thursday and climbs back above the $4,300 mark during the Asian session as the US-Iran peace deal prompts some US Dollar (USD) profit-taking.

04:54 Japanese Yen bears turn cautious amid intervention fears as Iran deal undermines USD The USD/JPY pair holds steady above mid-160.00s during the Asian session on Thursday, consolidating its gains registered over the past four days to the highest level since July 2024.

04:25 Canadian Dollar inches higher as fading risk aversion weighs on US Dollar USD/CAD inches lower after five days of gains, trading around 1.4100 during the Asian hours on Thursday.

04:16 British Pound recovers from two-month low ahead of BoE as Iran peace deal weigh on USD The GBP/USD pair gains some positive traction during the Asian session on Thursday and moves away from its lowest level since April 7, around the 1.3260 region set the previous day.

04:15 PBOC sets USD/CNY reference rate at 6.8130 vs. 6.8096 previous On Thursday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8130 compared to the previous day's fix of 6.8096 and 6.7752 Reuters estimate.

02:50 Japan Foreign Investment in Japan Stocks dipped from previous ¥-701B to ¥-785.1B in June 12 Japan Foreign Investment in Japan Stocks dipped from previous ¥-701B to ¥-785.1B in June 12

02:34 US President Donald Trump signs US-Iran MoU to end war The White House stated that US President Donald Trump and Iran’s Masoud Pezeshkian signed the memorandum of understanding to end the US-Israel war on Iran, BBC reported late Wednesday.

01:45 New Zealand Gross Domestic Product (QoQ) below forecasts (0.9%) in 1Q: Actual (0.8%) New Zealand Gross Domestic Product (QoQ) below forecasts (0.9%) in 1Q: Actual (0.8%)

01:45 New Zealand Gross Domestic Product (YoY) came in at 1.5%, above forecasts (1.1%) in 1Q New Zealand Gross Domestic Product (YoY) came in at 1.5%, above forecasts (1.1%) in 1Q

01:01 Brazil Interest Rate Decision in line with expectations (14.25%) Brazil Interest Rate Decision in line with expectations (14.25%)

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