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Swedish Krona: Growth strong, currency soft â Societe Generale
Societe Generaleâs Kit Juckes argues that Swedenâs strong growth and low inflation contrast with broader G10 dynamics, yet the Krona remains weak. He notes Swedenâs superior debt sustainability and recent data showing robust Gross Domestic Product (GDP) and minimal inflation.
Gold slides as US-Iran tensions revive Fed rate hike bets, FOMC Minutes loom
Gold (XAU/USD) sees a sharp move lower on Wednesday after US President Donald Trump declared that the ceasefire deal with Iran was âoverâ during the NATO Summit in Ankara, Turkey. However, Reuters later reported that Trump did not repeat those remarks, citing a source familiar with the talks.
Canadian Dollar outperforms its peers amid rallying oil prices
The Canadian Dollar (CAD) trades higher against its major currency peers, with USD/CAD sliding 0.26% to near 1.4160 during the European trading session on Wednesday.
US Dollar Index: Conflict-driven support and rate backdrop â BBH
Brown Brothers Harrimanâs (BBH) Elias Haddad notes that renewed Middle East tensions are pressuring stocks and bonds while supporting the US Dollar (USD) and Oil.
EUR/GBP Price Forecasts: Euro holds below 0.8450 with indicators showing some bullish divergence
The Euro (EUR) is trading flat against the British Pound (GBP) on Wednesday, with bears contained above 0.8535 yet failing to find acceptance above 0.8650 so far.
British Pound: Sterling supported as yields retrace â MUFG
MUFGâs Derek Halpenny highlights that implied volatility in GBP/USD has barely moved after Nigel Farageâs decision to resign and recontest his Clacton seat, calling the byâelection a sham with potential further votes if he is sanctioned.
United States MBA Mortgage Applications fell from previous 0% to -2.2% in July 3
United States MBA Mortgage Applications fell from previous 0% to -2.2% in July 3
New Zealand Dollar gives away gains amid renewed tensions in the Middle East
The New Zealand Dollarâs (NZD) rally against the US Dollar (USD) has been short-lived, as the pair returned to sub-0.5700 levels during the European session after being rejected at the 0.5725 area earlier in the day.
France Current Account rose from previous âŹ-0.2B to âŹ-0.1B in May
France Current Account rose from previous âŹ-0.2B to âŹ-0.1B in May
US Dollar: FOMC minutes to highlight hawkish debate â TD Securities
TD Securities strategists preview the June Federal Open Market Committee (FOMC) Minutes, expecting more insight into the policy debate than provided by Chair Warshâs press conference.
Gold declines as Trump scraps Iran memorandum, markets await Fed Minutes
Gold (XAU/USD) trades around $4,050 on Wednesday, down 1.40% on the day at the time of writing, as investors favor the US Dollar (USD) following a fresh deterioration in tensions between the United States (US) and Iran.
US equities: Inflation tilt persists â BNY
Geoff Yu at BNY highlights that client flows into United States (US) equities remain geared to inflation risk, even as direct inflation-hedge sectors see reduced inflows. BNYâs iFlow equity inflation style indicator shows a wide gap between inflation-sensitive flows and falling breakevens.
Germany 10-y Bond Auction up to 3.09% from previous 2.98%
Germany 10-y Bond Auction up to 3.09% from previous 2.98%