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China's PPI slides, Australian dollar steady

China's PPI came in lower than expected, with a sharp contraction of 3.6%. CPI posted a weak gain of 0.1% as China continues to grapple with deflation. The Fed releases the FOMC minutes of the June meeting later today.

09-07-2025 11:12 GMT by Kenneth Fisher

Australian dollar stabilizes after RBA's surprise hold

The RBA shocked the markets with a rate hold today. The markets were virtually certain that the RBA would lower rates but Governor Bullock said that a little moretime was needed to see if inflation continued to decline.

08-07-2025 14:35 GMT by Kenneth Fisher

Trump threatens tariff on Japan as deadline looms, yen dips

US President Trump has threatened a new tariff rate on Japan, if the sides don't reach a trade agreement by July 9. The US releases the employment report on Thursday, with the nonfarm payrolls expected to fall to 110 thousand.

02-07-2025 14:15 GMT by Kenneth Fisher

Australia's retail sales miss forecast, Aussie slips

Australian inflation climbed 0.2%, which was less than expected. This has raised expectations that the RBA will trim rates next month to close to 100%. The US releases the June jobs report on Thursday and nonfarm payrolls are expected to drop to just 110 thousand.

02-07-2025 13:50 GMT by Kenneth Fisher

Eurozone CPI rises slightly to 2.0%, ECB says it will remain vigilant

The euro has rallied for a ninth straight day and has pushed above 1.18. Eurozone headline CPI ticked up to 2.0% from 1.9%, while core CPI was steady at 2.3%. US ISM Manufacturing PMI is expected to contract in June for a fourth straight month.

01-07-2025 10:48 GMT by Kenneth Fisher

German CPI flatlines, eurozone CPI next

Monthly, German CPI flatlined in June. Annualized, German CPI eaased to 2%, the ECB's inflation target. In the US, consumer spending (PCE) declined, another sign that the US economy is showing cracks.

30-06-2025 15:53 GMT by Kenneth Fisher

UK GDP impresses with 0.7% gain in Q1

UK GDP surprised on the upside with a strong gain of 0.7% in the first quarter. This will be welcome news for the UK government and the BoE but concerns remain that growth will weaken in the second half of the year. In the US, consumer spending contracted for the first time since January.

30-06-2025 12:50 GMT by Kenneth Fisher

Trump cancels trade talks with Canada, USDCAD shoots up

Trump rattled markets after announcing sanctions on Iran and abruptly canceling trade talks with Canada. USDCAD spiked nearly 900 pips, breaching 1.37 as trade tensions reignite.

27-06-2025 19:04 GMT by Elior Manier

Tokyo Core CPI drops to 3.1%, US Core PCE higher than expected, Yen steady

Tokyo Core CPI dropped sharply to 3.1% from 3.6%, below expectations. In the US, the core PCE Price Index rose to 2.7% from 2.6%.

27-06-2025 13:30 GMT by Kenneth Fisher

Canada's GDP expected to gain 0.1% May

Canada releases GDP for May later today, with a weak 0.1% gain expected. The US releases the Core PCE Price Index, which is projected to tick up to 2.6% from 2.5%.

27-06-2025 11:10 GMT by Kenneth Fisher

Yen rises sharply, Tokyo Core CPI next

Japan releases Tokyo Core CPI on Friday, with the key inflation gauge expected to ease to 3.3% in June from 3.6%. The BoJ will be keeping a close look at the release, with speculation that the central bank could raise rates as early as July.

26-06-2025 14:40 GMT by Kenneth Fisher

Canada's CPI unchanged at 1.7%, Canadian dollar edges higher

Canada's inflation rate was unchanged at 1.7% and underlying CPI showed little movement. The BoC meets next in July and the July inflation report will be a key factor in the BoC's rate decision. Fed Chair Powell testified before lawmakers on Tuesday and reiterated that the Fed will not lower rates until it has a better handle on the effect of tariffs on inflation.

25-06-2025 15:15 GMT by Kenneth Fisher

Australia's CPI slows, raising rate cut expectations

Australia's inflation rate fell in May, as both headline and core CPI were considerably lower. This has raised expectations for an RBA rate hike next month. Federal Reserve Chair Powell said he plans to maintain rates until the effect of tariffs on prices is more clear, and dismissed President Trump's attacks on Powell for not lowering rates.

25-06-2025 11:20 GMT by Kenneth Fisher

Australian dollar jumps on Israel-Iran cease fire

The Australian dollar is sharply higher today as risk appetite has improved following a ceasefire between Israel and Iran. Australia releases the May inflation report on Wednesday, with headline CPI expected to ease to 2.3% from 2.4%.

24-06-2025 13:25 GMT by Kenneth Fisher

Canadian dollar steady ahead of inflation report

Canada releases the May inflation report later today, with the BoC hoping to gain some clarity about the inflation picture. Oil prices are down today and AUD/USD and NZD/USD are sharply higher, as risk appetite has risen following a ceasefire between Israel and Iran.

24-06-2025 11:00 GMT by Kenneth Fisher

Eurozone PMIs remain soft, Euro steady

Eurozone PMIs remained soft, pointing to weak activity in the services and manufacturing sectors. In the US, services and manufacturing PMIs remained in expansion territory.

23-06-2025 14:50 GMT by Kenneth Fisher

Yen slides on oil supply jitters after US attack on Iran

The Japanese yen is sharply lower on Monday, as oil prices continue to rise. The US attack on Iran on the weekend has raised concerns about global oil supplies and the yen has been under strong downward pressure since the Israel-Iran war started on June 13. Japan's core CPI rose to 3.7%, its highest level since Jan. 2023.

23-06-2025 12:00 GMT by Kenneth Fisher

UK retail sales slide, Pound edges higher

UK retail sales took a tumble in May, sliding 2.7%. The weak reading will add pressure on the BoE to lower rates, but the BoE is hesistant to lower rates while inflation remains stubbornly high.

20-06-2025 13:30 GMT by Kenneth Fisher

Breaking News: FED's Waller takes a dovish stance, cuts price in

Fed Governor Waller signaled possible rate cuts as early as July, sparking attention in interest rate markets. While Fed Funds Futures only ticked slightly higher, traders will now be on alert for any soft US data. The Fed has held steady since its 50bps cut in Dec 2024.

20-06-2025 13:25 GMT by Elior Manier

Canadian dollar flat ahead of retail sales

Canada releases retails sales for May, with a market estimate of 0.5%. We'll get a look at inflation and GDP data next week, which will be key factors in the BoC's rate decision in July.

20-06-2025 11:00 GMT by Kenneth Fisher

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