Skip to content
Risk warning: Our products are leveraged and carry a high level of risk, which can result in the loss of your entire capital. Such products may not be suitable for all investors. It is crucial to understand the risks involved fully.
  • Support
  • For Institutionals
  • Trading

    Trading Platforms

    • MetaTrader 4 Terminal
    • MetaTrader 5 Terminal
    • PAMM Accounts
    • Equinix Trading Server

    Markets coverage

    • Forex Currencies
    • Spot Metals
    • Commodities

     

    • CFDs on Stocks
    • Indices
    • CFDs on Crypto

    Start Trading

    • Standard Accounts For individuals
    • Institutional Account For professionals
    • Deposits & Withdrawals
  • Conditions

    Trading Conditions

    • Spreads Overview
    • Swap-Free
    • Leverage Information

     

    • CFD Specifications
    • Full Trading Conditions

    Invest on your terms

    Transparent pricing, reduced trading costs, and leverage that adapts to your strategy.

    Explore conditions
  • Tools
    • Weekly Outlook
    • Daily Technical
    • Market Commentary
    • Economic Calendar
    • News & Insights
  • About
    • About OnEquity
    • Company News
    • Legal Documentation
    • Client Protection
    • Help & Support
    • FAQs
  • Partners
Edit Content
  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
  • Trading
    • Markets Coverage
    • MetaTrader 5 Platform
    • MetaTrader 4 Platform
    • Standard Accounts
    • Institutional Account
    • PAMM Accounts
    • Equinix Trading Server
    • Deposits & Withdrawals
  • Conditions
    • Spreads Overview
    • Leverage Information
    • Swap-Free Trading
    • CFD Specifications
    • Full Trading Conditions
  • Tools
    • Daily Technical
    • Weekly Outlook
    • Market Commentary
    • Economic Calendar
    • News & Insights
  • About
    • About OnEquity
    • Company News
    • Legal Documentation
    • Client Protection
    • Help & Support
    • FAQs
  • Partners
  • Client Portal
  • Open Account
Edit Content
  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
Open Account
Client Portal
Currencies, Markets

Dollar declines ahead of CPI release; pound sterling looks to public spending review

June 11, 2025 OnEquity

The U.S. dollar edged lower on Wednesday, as traders awaited more clarity from ongoing trade negotiations between the U.S. and China and looked ahead to the release of crucial inflation figures.

As of 04:35 ET (08:35 GMT), the Dollar Index — which measures the greenback against six major currencies — slipped 0.1% to 99.032.

Trade Talks Yield Framework, But Few Details

Following two days of intense negotiations in London, U.S. and Chinese officials reached a tentative high-level framework aimed at reviving the Geneva trade truce and resolving disputes over export controls.

U.S. Commerce Secretary Howard Lutnick said the new framework would “put meat on the bones” of last month’s Geneva agreement, which had calmed some concerns over escalating trade tensions but still appeared fragile.

Lutnick also announced progress on resolving China’s restrictions on exports of key industrial and defense-related metals. However, the agreement lacked specifics and still requires approval from President Donald Trump and Chinese President Xi Jinping.

Analysts at ING noted: “The London trade talks laid out plans to restart the flow of sensitive goods but stopped short of delivering a breakthrough. As a result, the dollar remains exposed to domestic fiscal risks.”

Stagflation Concerns Ahead of Inflation Report

Among those risks is the possibility of stagflation, with any new tariffs potentially dampening growth while pushing prices higher.

Traders are now focused on the upcoming May consumer price index report. Annual CPI is forecast to accelerate slightly to 2.5% from 2.3%, while the monthly figure is expected to remain at 0.2%. Core CPI, which excludes food and energy, is projected to rise 2.9% year-on-year and 0.3% on a monthly basis.

Sterling Eyes Spending Review

In Europe, EUR/USD was steady at 1.1425, with minimal economic data to influence the euro.

ECB President Christine Lagarde, speaking in Beijing, urged global cooperation on policy reform, warning that failure to address supply-demand imbalances could lead to damaging trade barriers.

ING analysts said the euro’s movement would largely depend on the dollar, with support seen near 1.1400 and potential for a push above 1.1500 later in the week.

Meanwhile, GBP/USD dipped 0.1% to 1.3493 ahead of a Spending Review by U.K. Chancellor Rachel Reeves. The review will outline departmental budgets for 2026–2029.

“Today’s Spending Review shouldn’t move markets significantly,” ING said. “It’s more about how already known budget totals are distributed.”

Yen and Yuan Hold Steady

In Asia, USD/JPY rose 0.1% to 145.07, while USD/CNY edged down to 7.1856, as markets assessed the implications of the new U.S.-China trade framework. The draft agreement, still awaiting formal approval from Trump and Xi, offered few details on tariff changes.

  • Currencies
  • Dollar
  • Euro
  • Yuan

Post navigation

Previous
Next

Search

Categories

  • Analysis (217)
  • Beginner (24)
  • Cryptos (145)
  • Currencies (188)
  • Daily Technical (147)
  • Education (64)
  • Expert (23)
  • Intermediate (17)
  • Markets (433)
  • News & Releases (21)
  • Stocks (289)
  • Uncategorized (1)
  • Weekly Outlook (69)

Recent posts

  • U.S. stock futures rise on heightened hopes for interest rate cuts
  • Dollar falls sharply after poor employment data; will the Fed cut rates next month?
  • Daily Technical Analysis EUR/USD: drops to around 1.1550 despite the moderate stance on the Fed’s policy prospects

Tags

Analysis Bitcoin Cardano CPI Crypto Cryptocurrencies Currencies Daily Dollar earnings Education Elections ETF ETFs Ethereum Euro Fed Index inflation Litecoin Market Markets Nasdaq oil Outlook Pound Ripple SEC Solana Stablecoin Stock Market Stocks Stocks Market Stocks today Technical Technical Analysis Technology Tether Trading Trump Wall Street Weekly Weekly Outlook Yen Yuan

Related posts

Currencies, Markets

Dollar falls sharply after poor employment data; will the Fed cut rates next month?

August 4, 2025 Carlos Sereno

The U.S. dollar continued its decline on Monday, extending Friday’s sharp losses following a disappointing U.S. labor market report that bolstered expectations for early Federal Reserve rate cuts. At 04:20 ET (08:20 GMT), the U.S. Dollar Index—measuring the greenback against six major currencies—fell 0.2% to 98.722, after dropping more than 1% on Friday. Friday’s report […]

Analysis, Daily Technical

Daily Technical Analysis EUR/USD: Surge Slows at Multi-Year Highs — Tax Reform and Yields Bring Gains to a Stop

July 2, 2025 OnEquity

The EUR/USD pair remained flat during Wednesday’s session, hovering around 1.1780 after briefly touching a multi-year high of 1.1830. The euro’s advance lost steam following the U.S. Senate’s approval of President Trump’s $3.3 trillion “One Big Beautiful Bill,” which includes the entirety of his legislative agenda. The bill, passed by a 51–50 margin with Vice […]

Currencies, Markets

Dollar Drops to Multi-Year Lows, Rate Cuts, Trade Agreements, and Tax Reform in the Public Eye

July 1, 2025 OnEquity

The U.S. dollar extended its decline on Tuesday, falling to multi-year lows amid growing expectations of Federal Reserve rate cuts and rising fiscal concerns sparked by President Donald Trump’s spending bill. By 04:25 ET (08:25 GMT), the U.S. Dollar Index—measuring the greenback against a basket of six major currencies—was down 0.2% at 96.275, marking its […]

  • Privacy policy
  • Client agreement
  • Legal
  • Support
  • +2484671965
  • [email protected]
  • Chat with us
Company
  • About us
  • Regulation
  • Safety of funds
  • Company news
  • Insights
  • FAQ
Account options
  • Standard accounts
  • Institutional account
  • PAMM accounts
  • Swap-free account
Conditions
  • Spreads overview
  • Leverage tiers
  • CFD specifications
  • Markets coverage
Trading tools
  • MetaTrader 5
  • MetaTrader 4
  • Equinix trading server
  • Economic calendar
  • Daily technical
  • Weekly outlook
  • Market commentary
OnEquity Ltd is incorporated in Seychelles as a Securities Dealer with License No. SD154, authorized by the Seychelles Financial Services Authority (FSA), adhering to the Consolidated Securities Act, 2007. Registration No. 810588-1.

The website is operated and provides content by the OnEquity group of companies, which include:

OnEquity SA (Pty) Ltd, incorporated in South Africa, Company reg. 2021/321834/07, regulated by the Financial Sector Conduct Authority (FSCA) with FSP No. 53187.

OnEquity LLC, recognized by the Registrar of International Business Companies and the Financial Services Authority in St. Vincent and the Grenadines, Registration No. 286 LLC 2020.

ONEQ Global Ltd, registered in Cyprus, Company reg. HE 435383, located at Agias Zonis 22, Limassol, focusing on comprehensive service solutions within the OnEquity Group.
Risk Disclosure: Trading in financial instruments involves substantial risk and may not be suitable for all investors. The value of investments is volatile and can result in total loss of capital. Investors should consider their financial situation, investment experience, and risk tolerance, and may seek professional advice. Past performance is not indicative of future results.

Eligibility: Services are available to individuals 18 years or older.

Restricted Jurisdictions: The content provided by OnEquity is not intended for residents of the United States, Canada, North Korea, Yemen, Iran, Belgium, Syria, or any jurisdiction where such distribution or use would be contrary to local law or regulation.

All trademarks™ and brand names belong to their respective owners and are used here for identification purposes only. Use of these names does not imply endorsement.
© OnEquity. All Rights Reserved.