SNB Minutes: Inflation Risks Rise, Rate Held at 0%
SNB June minutes show rising inflation concerns but no urgency to act. Policy rate stays at 0% as franc appreciation risks remain elevated.
SNB June minutes show rising inflation concerns but no urgency to act. Policy rate stays at 0% as franc appreciation risks remain elevated.
Gold retreats for a second day amid US-Iran escalation and Strait of Hormuz closure, lifting oil prices and reinforcing Fed rate hike expectations.
Qatar's PM condemned Iranian attacks on commercial ships in the Strait of Hormuz. The US Dollar Index edged up to near 100.90 following the remarks.
Canada, Alberta, and the oil sands alliance have agreed terms for the Pathways project, with Trans Mountain Corp and Pembina Pipeline set to build a new Pacific
Robinhood is pushing into Europe, offering crypto in the UK and perpetuals trading for EU users as it accelerates its international expansion.
The UAE issued then withdrew a missile alert within 2 minutes, briefly lifting oil prices $1 before markets settled on the malfunction news.
Germany's IFO Business Climate Index improved to 85.6 in June, meeting expectations. The Euro showed little immediate reaction to the data.
Gold falls toward six-day lows as Fed repricing drives the Dollar to 13-month highs. XAU/USD faces further downside risk below the 200-day SMA.
The Bank of Japan raised its policy rate to 1%, a 31-year high, and will pause JGB tapering from April 2027 while warning CPI may overshoot 2%.
ECB Governing Council member Gabriel Makhlouf warned Friday that acting too slowly on inflation would be a mistake. EUR/USD trades 0.15% lower near 1.1560.
Eurozone Sentix Investor Confidence rose to -13.4 in June, beating expectations. Inflation worries remain elevated amid higher energy prices.