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New Zealand Dollar declines as NZIER splits on July decision
NZD/USD depreciates after two days of gains, trading around 0.5690 during the Asian hours on Monday. The pair loses ground as the New Zealand Dollar (NZD) weakens following the ANZ World Commodity Price Index, which fell 1.0% in June as easing Middle East tensions and lower oil prices weighed.
Mon, Jul 6
Iran confirms Strait of Hormuz service fees, rejects third-part intervention
Speaking at the World Peace Forum in Beijing on Saturday, Iran’s ambassador to China, Abdolreza Rahmani Fazli, said that Tehran is considering introducing new service fees for ships passing through the Strait of Hormuz, while promising “special" treatment for countries that supported Iran during the
Mon, Jul 6
British Pound flat lines around mid-1.3300s vs USD amid Iran tensions
The GBP/USD pair struggles to capitalize on last week's strong move higher and oscillates in a narrow band, around the 1.3350 area during the Asian session on Monday.
Mon, Jul 6
Australia ANZ Job Advertisements declined to -0.2% in June from previous 1.8%
Australia ANZ Job Advertisements declined to -0.2% in June from previous 1.8%
Mon, Jul 6
Japanese Yen weakens under high import costs despite JGB yield hitting 30-year highs
USD/JPY extends its gains for the second successive day, trading around 161.70 during the Asian hours on Monday. The Japanese Yen (JPY) is caught in a high-stakes tug-of-war, buckling under surging import costs even as 10-year JGB yields hit a fresh 30-year high of 2.79%.
Mon, Jul 6
PBOC sets USD/CNY reference rate at 6.8066 vs. 6.8047 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8066 compared to Friday's fix of 6.8047 and 6.7850 Reuters estimate.
Mon, Jul 6
Australia TD-MI Inflation Gauge (YoY) fell from previous 4.4% to 3.9% in June
Australia TD-MI Inflation Gauge (YoY) fell from previous 4.4% to 3.9% in June
Mon, Jul 6
New Zealand ANZ Commodity Price fell from previous 0.7% to -1% in June
New Zealand ANZ Commodity Price fell from previous 0.7% to -1% in June
Mon, Jul 6
Euro consolidates below mid-1.1400s as Hormuz risks support safe-haven USD
The EUR/USD pair kicks off the new week on a subdued note and oscillates in a narrow band below mid-1.1400s during the Asian session. Spot prices, however, remain within striking distance of a nearly two-week high, touched last Thursday, amid mixed fundamental cues.
Mon, Jul 6
Australia TD-MI Inflation Gauge (MoM): -0.4% (June) vs previous -0.3%
Australia TD-MI Inflation Gauge (MoM): -0.4% (June) vs previous -0.3%
Mon, Jul 6
Australian Dollar declines following TD-MI Inflation Gauge data
AUD/USD declines after two days of gains, trading around 0.6930 during the Asian hours on Monday. The currency pair loses ground following the release of TD-MI Inflation Gauge data, which came in at -0.4% month-over-month, against the -0.3% prior.
Mon, Jul 6
Bitcoin rebounds above $62K amid weak US jobs data, uncertainty among options traders
Bitcoin (BTC) rebounded after weaker-than-expected US labor market data eased expectations for tighter monetary policy.
Sat, Jul 4
Ethereum Price Forecast: ETH weakness in June likely from intense retail sell-off and US de-risking
Ethereum (ETH) declined by 21.6% in June, its largest monthly drop since November, amid intense risk-off sentiment and heightened volatility, spearheaded by retail investors and US market participants.
Sat, Jul 4
Morpho drops 4% despite securing $175M funding led by Paradigm, a16z Crypto
Decentralized finance (DeFi) lending protocol Morpho announced Friday it raised $175 million in a funding round led by Paradigm, Andreessen Horowitz's crypto arm (a16z Crypto) and Ribbit Capital.
Fri, Jul 3
Forecasting the upcoming week: US Dollar's resilience faces Fed minutes and jobless claims
The upcoming week will bring a fresh test for major currency pairs as investors return from the US Independence Day holiday and continue to digest weaker US labor market data.
Fri, Jul 3
Chinese Yuan: Range trade bias stays neutral against US Dollar – UOB
UOB’s Quek Ser Leang notes that USD/CNH has seen a slight pickup in downward momentum, but still expects the pair to remain range-bound. The bank now looks for a lower intraday band around 6.7820–6.7940, while its 1–3 week view stays neutral, with USD/CNH likely to trade between 6.7750 and 6.8080.
Fri, Jul 3
NZD/USD Price Forecast: Rebounds above 0.5700, bears guard 0.5750
The Kiwi Dollar clears the 0.5700 figure on Friday, clings to gains of over 0.22% against the Greenback after hitting a daily low of 0.5689. At the time of writing, the NZD/USD trades at 0.5709.
Fri, Jul 3
Singapore Dollar: Seen consolidating in range against US Dollar – Commerzbank
Commerzbank highlights that strong Singapore manufacturing and electronics PMIs underpin a constructive growth outlook, with Q2 GDP expected to exceed Q1’s 6% expansion. Against this backdrop, USD/SGD has eased slightly but remains near this year’s highs.
Fri, Jul 3
Chinese Yuan: Bulls extend gains on PMI resilience – Societe Generale
Societe Generale notes that stronger-than-expected China PMI data suggest slow but steady growth, reducing urgency for the PBoC to ease policy. The bank highlights that USD/CNY has fallen back below its 50-day moving average as Yuan strength reflects robust exports supported by the global AI boom.
Fri, Jul 3
Japanese Yen holds steady amid US Independence Day holiday
The USD/JPY pair posts modest gains on Friday amid thin trading due to the US Independence Day holiday. The US Dollar (USD) stabilizes against the Japanese Yen (JPY) after a sharp decline on Thursday following softer-than-expected United States (US) labor market data.
Fri, Jul 3
