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British Pound double-teamed by soft CPI and a hawkish Fed
The British Pound (GBP) spent Wednesday absorbing blows from both sides of the Atlantic. Softer than expected UK inflation set a heavy tone in the morning, and Kevin Warsh's hawkish first Federal Reserve (Fed) decision finished the job in the evening.
Australian Dollar folds to a hawkish Fed with no data to lean on
The Australian Dollar went into Kevin Warsh's first Federal Reserve (Fed) decision as a high-beta currency with no domestic shield, and it paid for it.
Forex Today: US Dollar jumps after Warsh-led Fed holds rates, hints upcoming hike
The US Dollar Index (DXY) surged toward the 100.40 level on Wednesday after the Federal Reserve’s (Fed) June policy decision, in which the central bank left interest rates unchanged at 3.50%-3.75%, as widely expected, in Kevin Warsh’s first meeting as Fed Chair.
Gold implodes as the Warsh-led Fed fuels US Dollar surge
Gold (XAU/USD) price reverses course and collapses to two-day lows of $4,219 as the US Federal Reserve (Fed) tilts hawkish, expecting tighter policy amid inflation that has remained above the 2% goal on the debut of new Fed Chair Kevin Warsh.
Warsh's Fed begins with a hawkish message and a promise of reform
The Federal Reserve (Fed) left interest rates unchanged at 3.50%-3.75% on Wednesday, but the bigger surprise came from the updated economic projections and Kevin Warsh's first press conference as Fed Chair.
British Pound craters as Warsh’s guidance void fuels US Dollar rally
The Pound Sterling tanked by over 1% on Wednesday after the Federal Reserve decided to maintain rates, but the dot-plot in the Summary of Economic Projections (SEP) showed that most officials expect a rate cut.
Dow Jones Industrial Average surrenders a record as the Fed turns hawkish
The Dow Jones Industrial Average (DJIA) spent Wednesday morning printing another record, its third in a row, before running headlong into Kevin Warsh's first decision as Federal Reserve (Fed) Chair.
US Dollar Index storms higher as Warsh's Fed trades cuts for hikes
Kevin Warsh's first meeting as Federal Reserve (Fed) Chair held rates steady, exactly as expected, and then handed the Dollar one of its cleaner catalysts of the year.
Euro routed as Warsh's Fed turns the dot plot upside down
Kevin Warsh's first meeting as Federal Reserve (Fed) Chair was billed as a quiet hold, and on the headline rate it delivered exactly that. Everything wrapped around that hold, however, was a hawkish blow to the Euro.
Fed raises 2026 interest rate forecast to 3.8%, lifts PCE inflation projections
The Federal Reserve's (Fed) latest dot plot projections, released by the Federal Open Market Committee (FOMC) on Wednesday, show policymakers now expect interest rates to stand at 3.8% by the end of 2026, up from 3.4% in March and above the current midpoint of the target range, signaling that offici
EUR/USD: Growth convergence and Fed repricing – ABN AMRO
ABN AMRO’s research examines how evolving Federal Reserve policy and Eurozone fundamentals may shape EUR/USD over the coming quarters.
Federal Reserve set to keep interest rates unchanged as Warsh era begins
The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday, another pivotal meeting for markets to gauge the stance of policymakers and new Chair Kevin Warsh as energy prices retreat after the United States and Iran reached a framework deal to reopen the Strait of
Pound Sterling Price News and Forecast: GBP/USD slips as soft UK CPI clips BoE hike bets
The Pound Sterling retreats towards 1.3400 on Wednesday after the latest UK inflation report, forcing investors to reassess hawkish bets on the Bank of England, while solid US Retail Sales boost the Greenback, supported by US exceptionalism. The GBP/USD trades with losses of over 0.22%. Read More...
Russia Producer Price Index (YoY) up to 9.4% in May from previous 5.5%
Russia Producer Price Index (YoY) up to 9.4% in May from previous 5.5%
Russia Producer Price Index (MoM) declined to 2.5% in May from previous 6.1%
Russia Producer Price Index (MoM) declined to 2.5% in May from previous 6.1%
British Pound slips as soft UK CPI clips BoE hike bets
The Pound Sterling (GBP) retreats towards 1.3400 against the US Dollar (USD) on Wednesday following the latest UK inflation report, forcing investors to reassess hawkish bets on the Bank of England (BoE), while solid US Retail Sales boost the Greenback ahead of the Federal Reserve (Fed) decision.
Australian Dollar holds firm as Trump’s Iran comments reduce risk sentiment
The AUD/USD pair trades near 0.7070 with a neutral tone on Wednesday, as the Australian Dollar (AUD) benefits from improved risk sentiment following the latest developments in the US-Iran conflict.
United States EIA Crude Oil Stocks Change came in at -8.262M below forecasts (-4.6M) in June 12
United States EIA Crude Oil Stocks Change came in at -8.262M below forecasts (-4.6M) in June 12
New Zealand Dollar weakens ahead of Fed decision as confidence hits lowest since 2023
NZD/USD trades around 0.5820 on Wednesday at the time of writing, down 0.24% on the day as investors reduce risk exposure ahead of the Federal Reserve (Fed) monetary policy announcement.
United States Pending Home Sales (YoY): 4.8% (May) vs 3.2%
United States Pending Home Sales (YoY): 4.8% (May) vs 3.2%
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