SNB Minutes: Monetary Stance Appropriate Amid Geopolitical Risks
Swiss National Bank minutes indicate policymakers see current monetary conditions as suitable, despite acknowledging elevated geopolitical risks.
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Swiss National Bank minutes indicate policymakers see current monetary conditions as suitable, despite acknowledging elevated geopolitical risks.
Despite softer US inflation figures, gold has not sustained recent gains, with market attention now shifting to US-Iran developments.
Iran's military has cautioned that continued U.S. actions could broaden the scope of regional conflict, emphasizing unused military capacity.
The UK economy expanded marginally in May, while market participants anticipate US retail sales and jobless claims figures later today.
Nasdaq futures are showing signs of recovery after a recent downturn, with key technical levels in focus for market participants.
Bitcoin's price stabilized around $64,500, buoyed by a perceived reduction in rate hike urgency and a temporary de-escalation of Middle East tensions.
GBP/USD experienced slight losses in early European trading, with market participants awaiting significant economic data from the UK and US.
The UK's statistics body will detail its strategy for the Transformed Labour Force Survey (TLFS) in August, aiming for 2027 adoption.
Bitcoin is maintaining a bullish recovery above critical support levels, with traders observing resistance around $65,300-$65,400.
Recent US inflation reports indicate a moderation in headline figures, primarily driven by energy costs, while core inflation remains elevated.
Asian markets faced pressure from trade disputes, inflation concerns, and central bank actions, while a senior BOJ official warned on rate adjustments.
A senior Bank of Japan official indicated that postponing monetary policy adjustments could trigger future economic instability.
EUR/JPY pair pulls back after several days of gains, yet maintains a bullish outlook above key moving averages.
Asian equity markets, particularly in Japan and South Korea, saw significant declines, driven by a broad sell-off in semiconductor-related shares.
Japan's Finance Minister reiterated readiness to intervene in currency markets as the yen remains near multi-decade lows against the US dollar.
The US Dollar Index (DXY) is stabilizing around 100.50, close to a four-week low, as market expectations for further Fed rate hikes diminish.
The Japanese Yen strengthened against the US Dollar following verbal intervention from Japanese officials and cooler-than-expected US inflation data.
Silver experienced its second consecutive daily decline, trading near $57.00 per troy ounce as Middle East tensions escalated.
Japanese authorities confirm their preparedness to intervene in the currency markets if necessary, as stated by a top finance official.
South Korea's central bank increased its benchmark interest rate by 25 basis points to 2.75%, a move widely anticipated by analysts.
The US conducted multiple strikes on Iranian targets, focusing on capabilities that could threaten shipping in the Strait of Hormuz.
China's central bank established the yuan's daily reference rate at 6.7909 against the dollar, alongside a significant liquidity injection.
Foreign investment in Japanese stocks surged to ยฅ745.6 billion in the week ending July 10, reversing a prior outflow.
The Singapore Dollar demonstrated resilience against a broadly weaker US Dollar, maintaining a tight trading range supported by robust economic fundamentals.
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