EUR/USD
1.14098
0.354%
Gold
4047.27
0.513%
Oil
69.088
-3.135%
USD/JPY
161.544
-0.156%
GBP/USD
1.32259
0.271%
GBP/JPY
213.660
0.126%
Real-time News
Hungarian Prime Minister Majol: The goal is to meet the criteria for joining the Eurozone by around 2030.June 26 – According to sources, Federal Reserve Chairman Warsh has appointed two senior central bank economists as advisors. Daniel Kowitz, one of the three deputy directors of the Feds Research and Statistics Department, and Eric Enstrom, senior deputy director of the Monetary Policy Department, will advise Warsh. Both are long-serving senior Fed employees and are very familiar with the Feds operating mechanisms, which Warsh has pledged to reform. This is one of the first personnel changes Warsh has made since taking office last month. The Wall Street Journal previously reported that Warsh also sought support from outside the Fed system, hiring two senior conservative policymakers and a speechwriter for former President George W. Bush.Bank of America: Expects the European Central Bank to raise interest rates in September 2026, up from its previous forecast of a July 2026 rate hike.On June 26th, BCA Research FX strategist Artem Sakhbiev stated in a report that the recent dollar rally appears somewhat excessive and lacks the support needed to break out of its year-long trading range. The Federal Reserve revised its interest rate forecasts upward at last weeks meeting and explicitly focused on inflation. This led to a significant increase in inflation-adjusted real yields and eased concerns about political pressure to cut rates, thus boosting the dollar. However, this trend now appears to have largely ended. The Fed is likely to keep interest rates unchanged, and the spread between short-term and long-term yields may widen.On June 26, the Peoples Bank of China and the Bank of Mongolia renewed their bilateral currency swap agreement. The swap amount is 15 billion yuan/7.85 trillion Mongolian tugriks, and the agreement is valid for three years. The renewal of the China-Mongolia bilateral currency swap agreement will help further deepen financial cooperation between the two countries, promote bilateral trade and economic exchanges, and maintain financial market stability.
