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Forexlive Americas FX news wrap: US dollar reverses losses as G7 begins

June US Empire Fed manufacturing survey -16.0 vs -5.5 expectedTrump: I’m sure we can work something out with CanadaCanada’s LeBlanc says he’s confident in progress on deal with USPound shrugs off news that final UK-US trade deal nearNetanyahu: Killing Iran’s supreme leader would ‘end the conflict’French and German and British foreign ministers to hold phone call with Iran ministerU.S. Treasury auctions off 13 million of 20 year bonds at a high yield of 4.942%A new batch of missiles are being launched from Iran toward IsraelIran preparing for largest missile attack on IsraelIsrael bombed Iranian state TVIran asked Qatar, Saudi Arabia, and Oman to ask US to press Israel to agree to a ceasefireIran signals it wants to de-escalate hostilities – reportCanada May housing starts 279.5K vs 245K expected

Markets:

Gold down $48 to $3384US 10-year yields up 2.8 bps to 4.45%WTI crude oil down $1.67 to $71.31S&P 500 up 0.9%NZD leads, JPY lags
This article was written by Adam Button at www.forexlive.com.

By: Posted on 16 June 2025

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USD/JPY nears the highs of the day in a good sign for risk appetite
Trump says on Iran that we will do something after leaving G7

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