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US Dollar: Limited downside as Fed caution persists – OCBC
OCBC’s Sim Moh Siong argues that recent risk-on moves following the US‑Iran understanding have only produced a modest pullback in US yields and the Dollar. He highlights AI-driven US growth, Fed event risk and Oil dynamics as supporting USD resilience.
SpaceX stock hits $200 in Tuesday premarket as company acquires Anysphere for $60 billion
SpaceX (SPCX) stock added another 4% in Tuesday's premarket to reach the $200 level on its third day of trading. Fervor for Elon Musk's rocket-cum-AI company has been strong since SpaceX went public last Thursday and began trading on Friday.
United States Redbook Index (YoY) increased to 9.4% in June 12 from previous 9.1%
United States Redbook Index (YoY) increased to 9.4% in June 12 from previous 9.1%
RBA: Tightening bias under steady rates – BNY
BNY’s Bob Savage highlights that the Reserve Bank of Australia kept its cash rate unchanged at 4.35% but maintained a clear tightening bias. The Australian central bank emphasized that further rate hikes remain possible if inflation pressures persist.
Japanese Yen: Policy path and support prospects – Rabobank
Rabobank’s FX Strategy team notes that USD/JPY is little changed after the latest BoJ meeting, with markets more focused on the upcoming Fed decision and new Fed President Warsh.
Canadian Dollar: Range trading bias holds – NBC
National Bank of Canada (NBC) expects USD/CAD to remain broadly range-bound, with recent moves reflecting shifting expectations for Federal Reserve and Bank of Canada policy.
Trump signals progress on Iran deal, eyes full reopening of Hormuz
US President Donald Trump on Tuesday outlined the next steps in the Iran agreement, saying the deal's text will be released in the coming days and that the Strait of Hormuz should be fully reopened by Friday.
"The Yen's failure to strengthen will keep pressure to intervene": MUFG says BoJ hike alone won't break 160
The Japanese Yen (JPY) remains anchored around the critical 160.00 threshold against the US Dollar despite the Bank of Japan's (BoJ) historic decision to raise its benchmark interest rate to 1.00%.
United States Import Price Index (YoY): 6.7% (May) vs 4.2%
United States Import Price Index (YoY): 6.7% (May) vs 4.2%
United States Export Price Index (YoY) climbed from previous 8.8% to 11.2% in May
United States Export Price Index (YoY) climbed from previous 8.8% to 11.2% in May
USD/JPY Price Forecast: Needs breakout above 160.70 for fresh leg of rally
The USD/JPY pair ticks down to near 160.25 during the European trading session on Tuesday. The pair trades marginally lower as the Japanese Yen (JPY) outperforms its peers, following the Bank of Japan’s (BoJ) monetary policy announcement.
Australian Dollar edges up above 0.7050 amid hawkish comments by RBA's Bullock
The Australian Dollar (AUD) remains on its back foot against the US Dollar (USD) on Tuesday, although the pair has bounced up above 0.7050 after hitting session lows near 0.7040 following a monetary tightening pause by the Reserve Bank of Australia (RBA).
EUR/JPY Price Forecast: Pulls back toward 185.50 near nine-day EMA
EUR/JPY depreciates after two days of gains, trading around 185.60 during the early European hours on Tuesday. The currency cross holds a mild bullish bias as it trades above the nine-day and 50-day Exponential Moving Averages (EMAs).
Forex Today: BoJ hikes, RBA holds, markets await details of US-Iran deal
Here is what you need to know on Tuesday, June 16:
Uchida Speech: BoJ Deputy Governor discusses policy outlook after the expected interest rate hike
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida is addressing the press conference, explaining the reason behind raising the key interest rate by 25 basis points (bps) to 1.0% as expected.
Euro: EU-China trade and accession politics in focus – Rabobank
Rabobank’s Global Daily notes that the EU has formally launched accession talks with Ukraine and Moldova while simultaneously hardening its stance toward China.
WTI slumps to three-month low near $79.00 on US-Iran peace deal optimism
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.20 during the early European trading hours on Tuesday. The WTI price falls to a three-month low after the United States (US) and Iran have agreed on a framework deal to end the war.
Indian Rupee trades firmly on US-Iran deal signing, FIIs buying
The Indian Rupee (INR) reflects strength against the US Dollar (USD) on Tuesday.
Federal Reserve policy: Slight hawkish shift preview – BNY
BNY strategists John Velis and David Tam preview the upcoming FOMC meeting under new Chair Kevin Warsh, expecting slightly hawkish changes to the statement and dot plot.
Japan FM Katayama: Government's responsibility rests in appropriately conducting economic, fiscal policies
Japan Finance Minister (FM) Satsuki Katayama said during the European trading session on Tuesday that the government is focused on appropriately conducting economic and fiscal policies.
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