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Australian Dollar underperforms as rallying US Treasury Yields prompt risk-off mood
The Australian Dollar (AUD) is down against its major currency peers, trading 0.45% lower to near 0.6890 against the US Dollar (USD) during the European trading session on Wednesday.
Wed, Jul 1
British Pound: Upside capped against US Dollar – UOB
UOB’s Quek Ser Leang notes a slight pickup in GBP/USD upward momentum after a swing between 1.3213 and 1.3277, with a retest of 1.3275 possible but further gains seen limited.
Wed, Jul 1
USD/CAD Price Forecast: Rebounds toward nearly 15-month highs, 1.4250
USD/CAD posts gains after registering minor losses in the previous day, trading around 1.4210 during the European hours on Wednesday. The pair is positioned close to nearly 15-month highs.
Wed, Jul 1
EUR/GBP Price Forecasts: Euro hesitates above 0.8600 amid easing downside pressure
The Euro (EUR) remains practically flat near 11-month lows against the British Pound (GBP) on Wednesday.
Wed, Jul 1
Australia RBA Commodity Index SDR (YoY) climbed from previous 16.8% to 16.9% in June
Australia RBA Commodity Index SDR (YoY) climbed from previous 16.8% to 16.9% in June
Wed, Jul 1
Sweden Manufacturing PMI rose from previous 57.3 to 58.3 in June
Sweden Manufacturing PMI rose from previous 57.3 to 58.3 in June
Wed, Jul 1
Switzerland Real Retail Sales (YoY) above forecasts (0.8%) in May: Actual (3.5%)
Switzerland Real Retail Sales (YoY) above forecasts (0.8%) in May: Actual (3.5%)
Wed, Jul 1
Euro: Limited upside as Dollar stays supported – Commerzbank
Commerzbank’s Antje Praefcke argues that the Dollar remains hard to beat as markets await a peace agreement and clarity on US politics and inflation. Strong US data and hawkish FOMC commentary are seen supporting the USD, but she doubts much further upside.
Wed, Jul 1
Japan’s Mimura says past Japanese Yen intervention demonstrated effect
Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said that intervention to prop up the yen two months ago was successful, and some US authorities voiced support, Bloomberg reported on Wednesday.
Wed, Jul 1
United Kingdom Nationwide Housing Prices s.a (MoM): 0% (June) vs -0.6%
United Kingdom Nationwide Housing Prices s.a (MoM): 0% (June) vs -0.6%
Wed, Jul 1
United Kingdom Nationwide Housing Prices n.s.a (YoY) increased to 2.2% in June from previous 1.7%
United Kingdom Nationwide Housing Prices n.s.a (YoY) increased to 2.2% in June from previous 1.7%
Wed, Jul 1
Russia S&P Global Manufacturing PMI: 50.3 (June) vs 48.8
Russia S&P Global Manufacturing PMI: 50.3 (June) vs 48.8
Wed, Jul 1
Solana Price Forecast: Retail confidence backs SOL testing 50-day EMA breakout near $75
Solana (SOL) price extends gains on Wednesday, testing the 50-day Exponential Moving Average (EMA) around $75.00. Although institutional demand for Solana remains weak, stabilizing retail confidence, with rising funding rates and steady Open Interest, supports the mild recovery.
Wed, Jul 1
EUR/USD Price Forecast: Weakens to near 1.1400 as ECB hike bets recede, bearish vibe prevails
The EUR/USD pair trades on a negative note near 1.1410 during the early European trading hours on Wednesday. Cooling inflation in Germany has lowered expectations for the European Central Bank (ECB) rate hikes, weighing on the Euro (EUR) against the US Dollar (USD).
Wed, Jul 1
Indian Rupee falls as US Treasury Yields surge
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Wednesday. The USD/INR pair rises to near 94.72 as stronger United States (US) Treasury Yields and higher US Dollar have diminished the appeal of risk-sensitive currencies.
Wed, Jul 1
USD/JPY Price Forecast: Extends rally to near 162.70 amid soaring US bond yields
The USD/JPY pair trades 0.1% higher to near 162.73 during the European trading session on Wednesday. The pair reflects strength as surging United States (US) Treasury Yields have strengthened the US Dollar (USD).
Wed, Jul 1
Swiss Franc declines ahead of Swiss Real Retail Sales, SVME PMI data
USD/CHF gains ground for the second consecutive day, trading around 0.8090 during the Asian hours on Wednesday. Traders will likely observe the upcoming Swiss Real Retail Sales and SVME Purchasing Managers' Index (PMI) data due later in the day.
Wed, Jul 1
Asian markets trade mixed; Japan's Nikkei 225 rally 1%, while Kospi slips on profit-taking
Asian markets are trading with mixed sentiment on Wednesday amid a global tech rally and as US-Iran talks hit new hurdles.
Wed, Jul 1
United States Dollar Index strengthens above 101.00 as traders ramp up bets on Fed rate hike
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.30 in the early European trading hours on Wednesday.
Wed, Jul 1
India HSBC Manufacturing PMI registered at 54.2, below expectations (54.5) in June
India HSBC Manufacturing PMI registered at 54.2, below expectations (54.5) in June
Wed, Jul 1
