Market news
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ECB Raises Rates by 25 bps, Calls It an Adjustment Not Start of Tightening Cycle
The European Central Bank raised its key interest rates by 25 basis points to 2.25%, describing the move as an adjustment rather than the beginning of a tightening cycle.
Silver Falls 0.17% to $67.26 on Friday
Silver prices edged lower on Friday, trading at $67.26 per troy ounce, down 0.17% from the previous close of $67.37, according to FXStreet data.
AUD Recovers Modest Losses Against USD, Lacks Follow-Through
The Australian Dollar reversed an intraday dip to the 0.7020 area and climbed to the top of its daily range during early European trading, though buying interest remained insufficient to sustain gains.
Societe Generale: INR Support via Capital Inflows, Not Tightening
Societe Generale notes the Indian government and RBI are relying on capital inflows to support the rupee rather than adopting tighter monetary policy.
ECB Hikes 25bp, Oil Prices Key to Dovish Outlook
The ECB delivered a 25bp rate hike as expected, but markets sought stronger forward guidance. Lower oil prices are acting as a dovish counterbalance, though renewed Iran tensions could push rates up.
AUD/USD Rebound Tests 0.7060 Resistance – UOB
AUD/USD's sharp rebound from 0.6979 to 0.7055 has room to extend toward 0.7060, but a clear break above this level is seen as unlikely near-term, according to UOB analysts.
Nomura Warns of USD Reversal Risks Despite Bullish Consensus
Nomura strategists note that while the US dollar’s bullish case is supported by strong data and Fed expectations, historical patterns around data surprises suggest downside risks ahead.
Markets Shift From Fear to Hope on Geopolitical Hopes
Global markets have moved from fear to hope as investors price in potential Middle East de-escalation, lower oil prices, and stronger equity momentum.
Iran: US MoU Needs Finalization by Relevant Authorities
Iran's Mehr news agency reported on Friday that the draft memorandum of understanding with the United States regarding a permanent peace deal requires finalization by relevant authorities.
MUFG: US-Iran Deal Optimism Boosts EUR/USD
MUFG analyst Lee Hardman notes that renewed optimism over a potential US-Iran agreement has strengthened the euro against the dollar, pushing EUR/USD higher.
Police in 11 Countries Shut Down Crypto Service AudiA6, Seize €336M
A joint operation by law enforcement from 11 countries shut down the AudiA6 crypto service based in Georgia, which allegedly laundered over €336 million between 2022 and 2025, with arrests and seizures of assets.
ECB's Kocher: Too Early to Predict July Rate Decision
ECB Governing Council member Martin Kocher said it is too early to discuss the central bank's July interest rate decision.
Brent Drops Below $90 as Downtrend Extends: Societe Generale
Societe Generale analysts note Brent crude has fallen below $90 per barrel amid US-Iran deal hopes and President Trump's cancelled strikes, with technical indicators confirming a sustained downtrend.
GBP/JPY Holds Gains on Weaker Yen Despite Disappointing UK Data
GBP/JPY regained positive traction during European trading, supported by a broadly weaker JPY, despite unimpressive UK economic data.
ECB's Makhlouf Says Central Bank Must Get Ahead of Inflation
European Central Bank Governing Council member Gabriel Makhlouf stated on Friday that the central bank needs to act preemptively to prevent inflation from accelerating further.
Japanese Yen Trades Back to Intervention Levels Despite Expected BoJ Hike
The Japanese Yen continues to face downside pressure against the US Dollar, trading at levels that have historically triggered intervention, despite widespread expectations of a BoJ rate hike.
Euro Gains Against Yen on ECB Rate Hike Hopes
The euro rose 0.12% against the Japanese yen during European trading, reaching near 185.45, as expectations for further ECB interest rate hikes bolstered the single currency.
Commerzbank: Indian Rupee Downside Risks Limited by Policy Support
Commerzbank analysts note that the Indian Rupee has weakened sharply against the dollar in 2026 due to higher oil prices and portfolio outflows, but policy support is limiting further downside risks.
USD/CHF Rebounds from EMA Support, Trades Above 0.7950
USD/CHF recovered from modest losses, trading around 0.7960 during European hours on Friday. The pair remains within an ascending channel, indicating continued bullish momentum.
NZD/USD Dips Below 0.5850 as Hot US PPI Fuels Dollar Strength
The New Zealand Dollar weakened against the US Dollar, falling below 0.5850 to around 0.5820, after stronger-than-expected US Producer Price Index data boosted the greenback.
US Dollar Index Holds Gains Near 99.80 on Risk Aversion, Hawkish Fed
The US Dollar Index (DXY) is trading around 99.80 during early European hours, extending gains as risk aversion and a hawkish Federal Reserve outlook support the dollar.
Warsh May Follow ECB Into Tightening Cycle Amid Energy Surge
Fed Chair Kevin Warsh may shift to a tighter monetary policy following the ECB, as the Iran conflict drives energy prices higher, altering global rate expectations for 2026.
SpaceX IPO Raises $75 Billion, Valued at $1.77 Trillion
SpaceX's long-awaited IPO has been a massive success, raising $75 billion and valuing the company at $1.77 trillion, making it the seventh-largest US firm.
Brent Dips Below $90 on Ceasefire Hopes, ING Sees Upside Risks
ING analysts note that Brent crude has fallen below $90 per barrel amid renewed ceasefire hopes, but they warn that upside risks remain in focus.