EUR/USD
1.15559
0.117%
Gold
4155.55
-2.440%
Oil
88.710
1.556%
USD/JPY
160.417
0.034%
GBP/USD
1.34050
0.197%
GBP/JPY
215.045
0.233%
Real-time News
Fitch: Liquidity in the Islamic bond market is improving, but remains below pre-war levels in Iran.June 10th - Seema Shah, Chief Global Strategist at Principal Asset Management, stated that while US inflation remains uncomfortably high at 4%, weaker-than-expected core data did alleviate some pressure. With rising energy prices being the primary driver and housing costs easing, we havent yet seen clear signs of a broader second-round effect. This should allow the Federal Reserve to remain patient. Although the market seems to have overpriced further rate hikes this year, that risk remains, and todays data did not eliminate it.According to Al Arabiya, Israeli Prime Minister Benjamin Netanyahu stated that Israel will continue to work firmly against Iran and its proxies.June 10 – As expected, the Bank of Canada kept its benchmark interest rate unchanged at 2.25% today. In its statement, the Bank of Canada noted that economic activity remained weak after a surprise 0.1% annualized decline in GDP in the first quarter (the third contraction in the past four quarters). The Bank of Canada avoided using the term "recession." The bank expects GDP to return to growth in the second quarter, "but even with some rebound, the economy is expected to remain in a state of overcapacity." Economists said that overcapacity (or economic slack) should help curb inflationary pressures.June 10 – The Bank of Canada kept its main interest rate unchanged on Wednesday, in line with market expectations, and stated that there is currently no sufficient evidence that rising energy prices are driving broad-based inflation. Bank of Canada Governor Macklem reiterated that the bank would not hesitate to raise interest rates to control inflation if necessary. Wednesdays decision marks the fifth consecutive time the Bank of Canada has kept its main policy rate at 2.25%, as several factors have complicated the economic outlook. The war in Iran has caused gasoline prices to soar, putting pressure on household budgets, although Canada, as a net exporter of crude oil, has benefited from increased revenue. The central bank stated, "To date, there is no sufficient evidence that high energy prices have been widely passed on to other consumer prices. The Governing Council will continue to ignore the short-term effects of the war on overall inflation, but will not allow rising energy prices to develop into persistent inflation."
