Foreign Exchange Market Update

June 15, 2026

United States

A report released by the Federal Reserve on Monday showed a modest increase in industrial production in the U.S. for May. The Fed said industrial production crept up by 0.1% in May after climbing by 0.9% in April.

The uptick in industrial production largely reflected a sharp increase in mining output, which jumped by 1.3% in May after edging up by 0.2% in April. Meanwhile, the report said manufacturing output was unchanged in May after rising by 0.7% in April, while utilities output fell by 0.4% in May after surging by 2.2% in April.

The Fed also said capacity utilization in the industrial sector inched up from 76.1% in April to 76.2% in May. Capacity utilization in the mining sector increased to 86.5%, while capacity utilization in the manufacturing sector was unchanged at 75.7%, and capacity utilization in the utilities sector fell to 70.6%. 06/15/2026 - 10:12:00 (RTTNews)

After posting strong growth last month, New York manufacturing activity increased modestly in June. Its general business conditions index plunged to 5.7 in June after jumping to 19.6 in May, although the positive reading still indicates growth.

The sharp pullback by the headline index partly reflected a substantial slowdown in the pace of growth in new orders, as the new orders index plummeted from 22.7 in May to 3.5 in June. It also showed a steep drop in the shipments index, which tumbled from 18.9 in May to 8.6 in June.

Meanwhile, the number of employees index crept up from 8.3 in May to 9.6 in June, indicating a modest acceleration in the pace of job growth. The prices paid index dipped from 62.6 in May to 61.0 in June, while the prices received index edged down from 31.8 in May to 31.4 in June. 06/15/2026 - 09:32:00 (RTTNews)

Eurozone

Euro traded at 1.1601 against USD at 9:00 AM PST

Eurozone industrial production logged a marginal expansion in April, with consumer and intermediate goods offsetting declines in capital and energy sectors. Industrial output rose 0.1% from March, when production advanced 0.4%. Nonetheless, this was the third consecutive rise in production.

The fall was driven by a 0.4% drop in energy and a 0.5% decrease in capital goods output. Meanwhile, production of non-durable consumer goods and durable consumer goods moved up 1.7% and 1.0%, respectively. Intermediate goods output increased 0.8%. Yearly, industrial output grew 0.3%, in contrast to the 2.8% fall in the previous month. This was the first growth in four months.

Industrial production in the EU27 also registered a marginal monthly growth of 0.1% in April, marking the third consecutive rise. Year-on-year, production rebounded 0.9%, largely driven by higher capital goods and energy output.

Among member states, Malta, Sweden, and the Netherlands showed the highest monthly increases. On the other hand, the largest decreases were seen in Bulgaria, Greece, and Poland. 06/15/2026 - 05:51:00 (RTTNews)

Germany's wholesale price inflation eased in May largely due to the reduction in the energy tax on mineral oil products. Wholesale prices increased 5.9% year-on-year in May after rising 6.3% in April.

The war in the Middle East pushed up wholesale prices of energy products and raw materials, in particular. Mineral oil product prices surged 30.5% from last year. But prices dropped 7.3% from April due to the reduced energy tax rate.

Further, wholesale of non-ferrous ores, non-ferrous metals, and non-ferrous semi-finished metal products advanced 36.1% in May. Monthly, wholesale prices dropped 0.6% in May, marking the first fall in five months. This reversed the 2.0% rise in April. 06/15/2026 - 03:23:00 (RTTNews)

Japan Tertiary Activity Index Rises 1.3%

Japan's tertiary activity index increased for the first time in three months in April. The seasonally adjusted tertiary activity index rose 1.3% monthly, following a 0.6% decrease in March. Among industries, finance and insurance, information and communications, wholesale trade, living and amusement-related services, retail trade, medical, health care and welfare, business-related services, real estate, and transport and postal activities increased in April. Meanwhile, a decline was seen in the utility sector. 06/15/2026 - 03:43:00 (RTTNews)