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.
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.
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.
BoE expected to keep interest rate on hold for fourth consecutive meeting
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.Â
BoE expected to keep interest rate on hold for fourth consecutive meeting
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.Â
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.
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.
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.
Bank Indonesia increases rates by 25 basis points in June: Will it defend the Rupiah?
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.
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.
