Russia S&P Global Manufacturing PMI rose from previous 48.1 to 48.8 in May

The post Switzerland SVME – Purchasing Managers’ Index came in at 57.3, above expectations (54) in May appeared on BitcoinEthereumNews.com. GBP/USD  struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data.  Source: https://www.fxstreet.com/news/switzerland-svme-purchasing-managers-index-came-in-at-573-above-expectations-54-in-may-202606010730

The post Canadian Dollar weakens on risk-off mood, dovish BoC’s tone appeared on BitcoinEthereumNews.com. USD/CAD extends its gains for the second successive day, trading around 1.3810 during the early European hours on Monday. The pair appreciates as the US Dollar (USD) holds ground on increased safe-haven demand amid US-Iran peace uncertainty. The US ISM Manufacturing Purchasing Managers Index (PMI) report will be published later on Monday. The geopolitical landscape remains fluid as diplomatic channels between Washington and Tehran experience ongoing activity. Iranian Foreign Minister Abbas Araghchi confirmed that talks and message exchanges with the United States are currently underway. However, Araghchi maintained a cautious stance, emphasizing that it remains impossible to properly evaluate the trajectory of these negotiations until a definitive and clear outcome is officially reached. Adding momentum to these diplomatic efforts, US President Donald Trump has requested specific r

The post Swiss Franc picks up from session lows following upbeat Swiss data releases appeared on BitcoinEthereumNews.com. The Swiss Franc (CHF) holds moderate losses against the US Dollar (USD) on Monday, but has bounced up from daily lows, as Swiss Gross Domestic Product (GDP) and Retail Sales Figures pointed to a resilient economy in the face of the Iran war and the energy shock stemming from it. The USD/CHF pair trades at 0.7825 at the time of writing, after pulling back from session highs, near 0.7840. Data released by the Swiss Federal Statistics Office revealed that economic growth accelerated to 0.7% in the first three months of the year, beating expectations of a 0.5% gain, and following an upwardly revised 0.2% growth in Q4. Compared with the same quarter last year, however, economic growth slowed down to 0.5%, following a 1% advance in the previous quarter.  Earlier on Monday, Swiss Retail Sales data also beat expectations with a 1.6% yearly growth in April, well above market

The post Switzerland Gross Domestic Product (YoY) fell from previous 0.7% to 0.5% in 1Q appeared on BitcoinEthereumNews.com. GBP/USD  struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data.  Source: https://www.fxstreet.com/news/switzerland-gross-domestic-product-yoy-fell-from-previous-07-to-05-in-1q-202606010700

The post Switzerland Gross Domestic Product (QoQ) came in at 0.7%, above forecasts (0.5%) in 1Q appeared on BitcoinEthereumNews.com. GBP/USD  struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data.  Source: https://www.fxstreet.com/news/switzerland-gross-domestic-product-qoq-came-in-at-07-above-forecasts-05-in-1q-202606010700

The post Fed’s Waller says dollar stablecoins could expand reach of U.S. monetary policy appeared on BitcoinEthereumNews.com. Dollar-backed stablecoins have gained support from U.S. Federal Reserve Governor Christopher Waller, who has said their growing international use could extend the reach of U.S. monetary policy into other economies. Summary Federal Reserve Governor Christopher Waller said growing use of dollar-backed stablecoins could extend the influence of U.S. monetary policy abroad. Bank of England policymaker Megan Greene said tokenized deposits may eventually overtake stablecoins as the preferred form of digital money. The comments come as U.S. lawmakers continue debating stablecoin rules and UK regulators review parts of their proposed stablecoin framework. According to Bloomberg News, Waller told participants at the 32nd Dubrovnik Economics Conference in Croatia on Sunday that countries increasingly using dollar-backed stablecoins may end up importing U.S. monetary condit

Dollar-backed stablecoins have gained support from U.S. Federal Reserve Governor Christopher Waller, who has said their growing international use could extend the reach of U.S. monetary policy into other economies. According to Bloomberg News, Waller told participants at the 32nd…

Former Federal Reserve chair Jerome Powell says the U.S. central bank would lose the credibility it needs to steady the economy if officials could be removed over policy disagreements. The warning landed as the Supreme Court weighs President Donald Trump’s effort to fire Governor Lisa Cook. A Direct Defense of Central Bank Independence Powell delivered […]