Federal Reserve officials lean into cautious stance as policymakers wait for further signs of easing

Federal Reserve (Fed) left the policy rate unchanged at 5.25%-5.5% following the June policy meeting, as expected.

US Dollar faces downwards pressure on soft Retail Sales

On Tuesday, the US Dollar, as measured by the DXY Index (DXY), registered a decline, settling at 105.30.

Canadian Dollar struggles to find momentum in either direction on flat Tuesday

The Canadian Dollar (CAD) is broadly mixed on Tuesday as CAD traders find their focus pulled elsewhere.

Dow Jones Industrial Average flattens on US data miss, cautious Fedspeak

The Dow Jones Industrial Average (DJIA) is treading water on Tuesday as investors buckle down for the mid-week Juneteenth holiday.

Australian Dollar performed strong against its peers as markets digests RBA's hawkish hold

The Australian Dollar (AUD) witnessed sizable gains against the US Dollar (USD) following Tuesday’s Reserve Bank of Australia (RBA) meeting, which concluded with a hawkish hold.

GBP/USD gears up for fresh UK CPI inflation print

GBP/USD is churning around the 1.2700 handle as markets gear up for a lopsided Wednesday market session with a US holiday session on the cards and a fresh update on UK Consumer Price Index (CPI) inflation on the docket.

RBNZ's Conway: Inflation might be stickier in the near-term, could present some challenges

Chief Economist of the Reserve Bank of New Zealand (RBNZ) Paul Conway gave a speech on inflation during the early Wednesday market session, noting that inflation troubles exist on both sides of the RBNZ's policy stance.

EUR/USD softly higher, but technical pressures persist heading into lopsided Wednesday

EUR/USD is drifting slowly higher in tepid market conditions heading into a quiet Wednesday that sees low-impact EU data and darkened US markets for a midweek holiday shutdown.

BoJ Minutes: There is some concern about weak Japanese Yen on inflation and wages

The Bank of Japan (BoJ) board members shared their views on monetary policy outlook on Wednesday, per the BoJ Minutes of the April meeting.

PBOC’s Governor Pan: Monetary policy will provide support for China's economic recovery

People's Bank of China (PBOC) Governor Pan Gongsheng is speaking at the 2024 Lujiazui Forum in Shanghai on Wednesday.