Iran Strikes Ship Near Hormuz, Reaction Muted.US-Iran agreement, a cargo ship was reportedly attacked near Oman by Iran, prompting the U.N. maritime efforts to pause its Strait of Hormuz (SoH) escort operation and raising doubts over a preliminary deal to end the US-Iran war.

Sweden Producer Price Index (YoY) rose from previous 4.7% to 6.6% in May.Sweden Producer Price Index (YoY) rose from previous 4.7% to 6.6% in May

Sweden Producer Price Index (MoM) increased to 1.3% in May from previous 1.1%.Sweden Producer Price Index (MoM) increased to 1.3% in May from previous 1.1%

Pound-to-Euro FX Forecast: GBP Holds Advantage as EUR Stumbles.The Pound to Euro (GBP/EUR) exchange rate held firm on Thursday as weaker-than-expected German consumer confidence data weighed on the Euro while Sterling remained supported by easing concerns over the UK's political transition. At the time of writing, GBP/EUR was trading at €1.1600, up marginally on the day and not far from.

Canadian Dollar rebounds as US PCE inflation data eases US rate hike bets.Canadian Dollar rebounds as US PCE inflation data eases US rate hike bets

British Pound gains ground to near 1.3200 as traders await Burnham's picks.British Pound gains ground to near 1.3200 as traders await Burnham's picks

Natural Gas and Oil Forecast: Truce Stability vs Supply Surge — Will Oil Collapse or NatGas Lead?.One month-plus into the truce, supply-demand dynamics dominate as US production stays robust. WTI slides to $70.45 after triangle violation, Brent defends $74.12 support, and Natural Gas trades at $3.286.

There's still mud in the waters on how things are playing out with the Strait of Hormuz.Since the US and Iran struck an accord over the weekend, we have seen ship traffic pick up in the Strait of Hormuz this week. An estimated number of 30 to 40 vessels were seen crossing the waterway on Tuesday and Wednesday.

Australian Dollar drops to fresh lows since April vs USD amid global risk-off impulse.Australian Dollar drops to fresh lows since April vs USD amid global risk-off impulse

Singapore Industrial Production (MoM) came in at -0.7% below forecasts (2%) in May.Singapore Industrial Production (MoM) came in at -0.7% below forecasts (2%) in May

Singapore Industrial Production (YoY) below forecasts (17%) in May: Actual (13%).Singapore Industrial Production (YoY) below forecasts (17%) in May: Actual (13%)

EUR/JPY Price Forecast: Slips below 184.00 due to bearish near-term bias.EUR/JPY Price Forecast: Slips below 184.00 due to bearish near-term bias

Dollar rides into second half of 2026 on a 'winner takes it all' wave.The dollar heads into the second half of 2026 on a high, thanks to bets for higher U.S. interest rates ​and an unquenchable thirst for U.S. assets from investors chasing the "American exceptionalism" that may spell more pain for other currencies.

AUD/JPY Price Forecast: Extends bearish spell below 111.50 as downside bias persists.AUD/JPY Price Forecast: Extends bearish spell below 111.50 as downside bias persists

Indonesian Rupiah holds losses as US Dollar receives support from Fed hike bets.Indonesian Rupiah holds losses as US Dollar receives support from Fed hike bets

Swiss Franc declines as Fed hike bets lift US Dollar.Swiss Franc declines as Fed hike bets lift US Dollar

Asian stock markets plummet as Apple price hike raises inflation concerns, KOSPI dives over 8%.Asian stock markets plummet as Apple price hike raises inflation concerns, KOSPI dives over 8%

USD/JPY Keeps Bulls in the Driver's Seat with Fresh Gains Ahead.The US Dollar remained supported above 159.20 against the Japanese Yen. USD/JPY extended gains and traded above 160.50 to enter a positive zone.

Tokyo Core CPI Rises to 1.6%, Underlying Inflation Continues to Firm.Tokyo inflation accelerated across all major measures in June, pointing to gradually strengthening underlying price pressures ahead of next month's Bank of Japan policy meeting. Core CPI, which excludes fresh food, rose from 1.3% yoy to 1.6% yoy, matching market expectations but remaining below the BoJ's 2% target for a fifth consecutive month.

New Zealand Dollar weakens below 0.5650 as Fed hike bets grow.New Zealand Dollar weakens below 0.5650 as Fed hike bets grow

USD/JPY H2 2026 Outlook: Volatility Held Hostage.If not for the threat of intervention, there's a strong argument USD/JPY would already be trading significantly higher. We ex.

United States Dollar Index advances on Fed rate cut bets.United States Dollar Index advances on Fed rate cut bets

Fed's Goolsbee Keeps Focus on Inflation, Echoes Warsh on Rate Guidance.Chicago Federal Reserve President Austan Goolsbee said inflation remains the Federal Reserve's primary concern, warning that underlying price pressures continue to move in the wrong direction despite some recent improvement. Speaking in a CNBC interview on Thursday, Goolsbee said, “If we look at core inflation, it's still well too high and it's trending the wrong way, and we've got to see improvement on that.

British Pound bulls seem hesitant as Hormuz ship attack supports safe-haven USD.British Pound bulls seem hesitant as Hormuz ship attack supports safe-haven USD

Fed's Williams Sees Inflation Returning to 2% Only in 2028.Federal Reserve Bank of New York President John Williams reinforced the case for a prolonged period of restrictive monetary policy, warning that inflation remains too high and is now likely to take longer than previously expected to return to target. Speaking on Thursday, Williams said, “Inflation is still too high,” while stressing that “it is imperative that we restore inflation to 2% on a sustained basis.

Cliff Notes: Patience is a Virtue.Australian consumer prices fell 0.7% in May, bringing the annual rate of headline inflation down from 4.2%yr to 4.0%yr. The main cause of the decline was an 11.9% fall in auto fuel prices; but, relative to our own forecast, it was holiday travel and accommodation that was the primary contributor.

Australian Dollar edges lower to near 0.6900 on Fed hike bets.Australian Dollar edges lower to near 0.6900 on Fed hike bets

Japanese Yen consolidates near 40-year low vs USD after Tokyo CPI, amid intervention risks.Japanese Yen consolidates near 40-year low vs USD after Tokyo CPI, amid intervention risks

Yen wobbles near 40-year low as dollar pauses for breath.The yen tottered near its weakest level against the dollar in ‌40 years early in Asia on Friday as traders reined in bets for Federal Reserve rate hikes after U.S. inflation met forecasts and central bank officials sent mixed signals about the policy path ahead.

Always-on won: dealers fret about risks in landmark shift to 24-hour trading.Over an 18-year career trading currencies in Seoul, Namkoong Taehun was on the front lines of the collapse of Lehman Brothers, ​the post-Brexit plunge in the pound, and the won's dramatic tailspin after South Korea's 2024 martial law decree.