Currencies
Foreign exchange, central-bank sensitivity, and macro-driven currency moves.
WSJ Dollar Index Falls 0.13% to 97.28
The WSJ Dollar Index fell 0.13% to 97.28 on July 9, ending a three-day winning streak as markets repriced Middle East risk, oil prices and central-bank policy expectations.
Week Ahead for FX, Bonds: Fed Minutes in Focus
Markets face a busy week of central-bank minutes and policy decisions, including the Fed, ECB accounts, RBNZ’s OCR update and Poland’s rate call, with FX and bond traders watching for any shift in policy bias.
Yen Mostly Weakens on Possible Technical Correction
The yen weakened again after a payroll-driven rebound, with traders watching whether Japanese authorities could use the thin U.S. July 4 holiday window for surprise intervention.
How the digital euro works: the currency's new form promises cheaper, faster transactions
The European Parliament’s ECON committee approved the digital euro package on June 23, moving the ECB-backed proposal closer to a full Parliament vote in July. Supporters say it would create a digital form of cash for online and offline payments, with no consumer fees, while critics and banks still warn about privacy and stability risks.
UK services sector contracts at fastest pace since January 2023 as global shares tumble after US tech sell-off
UK services activity contracted at the fastest pace since January 2023 in June, while a U.S.-led tech sell-off dragged global shares lower and Brent crude fell after Washington temporarily eased Iran sanctions.
Inflation, Yields Expected to Cool Down as Oil Prices Ease
Ameriprise strategist Russell Price said easing Middle East tensions and softer oil prices could help push U.S. inflation below 3% by year-end and bring the 10-year Treasury yield down toward 4.25%, even as yields rose in same-day trading.
India's rupee rebounds on hopes of an India-US trade deal
The Indian rupee rose 20 paise to 94.20 per dollar on June 19 as traders reacted to fresh signals that India and the US are close to an interim trade agreement.
U.S. Rate-Rise Bets Curb Dollar's Fall After U.S.-Iran Deal
The dollar fell after the U.S.-Iran interim peace deal, but losses were capped as traders still priced in a meaningful chance of a Federal Reserve rate hike later this year. The move rippled across major currencies as lower oil prices and easing inflation concerns met firmer U.S. policy expectations.
European stocks hit record highs as oil falls on US-Iran peace deal
European shares climbed to record highs and oil prices fell sharply after reports that the United States and Iran had reached a tentative peace deal linked to reopening the Strait of Hormuz. The deal remains conditional, with formal signing, enforcement details and sanctions relief still unclear.
Eurozone Bond Yields Hold Near Flat After ECB Rate Hike
The European Central Bank raised interest rates by 25 basis points to 2.25% on June 11, its first hike since 2023, while eurozone bond yields and the euro moved only modestly after the widely expected decision.
Euro Falls After ECB Raises Rates and Gives No Clear Forward Guidance
The euro slipped after the European Central Bank raised interest rates by 25 basis points, lifted inflation projections and offered no clear signal on the next move.
ECB raises eurozone rates by 25 basis points, first hike since 2023
The European Central Bank raised its deposit rate to 2.25%, its first hike since 2023, after eurozone inflation rose in May and energy prices pushed up the outlook.
GBP/USD Falls After Strong U.S. Jobs Data Reverses Sterling’s Early Gain
GBP/USD turned lower after the U.S. Bureau of Labor Statistics reported 172,000 May payroll gains and a 4.3% unemployment rate, reversing sterling’s earlier weekly-gain setup.
Dollar holds narrow range as traders watch U.S.-Iran peace talks
The dollar traded in a narrow range as investors monitored U.S.-Iran peace talks and the Strait of Hormuz, while the yen stayed near a closely watched 160 per dollar level.
Dollar dips, yen edges toward danger zone
The dollar eased after reports of renewed hopes for a U.S.-Iran deal, while the yen remained near 160 per dollar, a level traders view as a possible trigger for Japanese intervention.
Japan finance minister confirms continued coordination with U.S. on forex
Japan’s finance minister says Tokyo and Washington are continuing to coordinate closely on foreign exchange after a meeting with U.S. Treasury Secretary Scott Bessent in Tokyo. Officials say they will keep monitoring currency moves and remain ready to respond to disorderly markets.
Asian currencies mostly weaken amid high Middle East tensions
Most Asian currencies weakened in early trading on May 12 as renewed Middle East tensions lifted the dollar and kept risk appetite subdued. The yen, won, peso, baht and rupiah were among the currencies in focus as traders watched for further geopolitical and policy signals.
Dollar Extends Decline Amid Robust U.S. Labor Indicators
The dollar extended losses after the April U.S. jobs report showed stronger-than-expected payroll gains and a 4.3% unemployment rate.
Stocks gain and oil slides after Iran peace deal report
Stocks rose and oil fell after reports of a possible U.S.-Iran memorandum, even though the deal has not been confirmed.
Could USD/JPY Break the 155 Handle?
USD/JPY is testing the 155 level as traders weigh intervention speculation, softer dollar sentiment and Middle East headlines.
Dollar steady, Asia FX flat as M.East uncertainty, rate jitters persist
The dollar held steady and Asian currencies traded in a tight range as markets weighed Middle East uncertainty and interest-rate expectations.
Stocks gain in Asia, oil flat amid new Gulf proposals
Asian shares edged higher while oil held near flat as traders tracked U.S. efforts to protect shipping in the Strait of Hormuz and fresh Iran proposals.
Yen steady as intervention fears linger with Japan shut for holidays
The yen held steady in Asian trading as markets stayed alert for further Japanese intervention during Golden Week holiday-thinned liquidity.
Yen surges after intervention warnings as USD/JPY falls back below 157
The yen jumped after stronger intervention warnings from Japanese officials, pulling USD/JPY back below 157 after earlier trading above 160.