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AUD/JPY Price Forecast: Softens below 114.50 on weaker Australian GDP, but bullish trend prevails
The AUD/JPY cross loses momentum to around 114.45 during the early European trading hours on Wednesday. Verbal intervention from Japanese authorities provides some support to the Japanese Yen (JPY) and acts as a headwind for the cross.
Fxstreet
Wed, Jun 3
GBP/USD Price Forecast: 20-day EMA continues to cap upside
The GBP/USD pair trades 0.16% lower to near 1.3446 during the European trading session on Wednesday. The pair faces selling pressure as the US Dollar (USD) strengthens due to increased uncertainty over the United States (US)-Iran deal.
Fxstreet
Wed, Jun 3
New Zealand Dollar softens to near 0.5900 despite robust China services PMI data
The NZD/USD pair attracts some sellers to around 0.5910 during the early European trading hours on Wednesday. The New Zealand Dollar (NZD) extends its downside as the peace deal between the United States (US) and Iran remains elusive.
Fxstreet
Wed, Jun 3
AUD/USD Price Forecast: Sticks to softer Aussie GDP-led losses near 0.7170/23.6% Fibo.
The AUD/USD pair meets with a fresh supply during the Asian session on Wednesday and reverses a major part of the previous day's positive move. Spot prices, however, remain confined within a familiar range held over the past week or so and manage to hold above the 0.7150 level.
Fxstreet
Wed, Jun 3
Swiss Franc struggles as safe-haven demand supports USD
USD/CHF extends its gains for the third successive day, trading around 0.7880 during the Asian hours on Wednesday. The pair gains ground as the US Dollar (USD) remains firm, driven by stalled US-Iran peace negotiations and renewed tensions in the Middle East, continued to underpin safe-haven demand.
Fxstreet
Wed, Jun 3
Indian Rupee opens lower as renewed US-Iran tensions boost oil prices
The Indian Rupee (INR) opens on a negative note against the US Dollar (USD) on Wednesday. The USD/INR pair jumps to near 95.67 as oil prices extend recovery due to renewed hostilities in the Middle East region, and the continuous outflow of foreign funds from the Indian stock market.Fxstreet
Wed, Jun 3
EUR/JPY Price Forecast: Declines below 186.00 amid intervention fears, but bullish vibe prevails
The EUR/JPY cross trades in negative territory around 185.90 during the early European trading hours on Wednesday. The Japanese Yen (JPY) gathers strength against the Euro (EUR) as traders are on alert for intervention from Japanese officials.
Fxstreet
Wed, Jun 3
British Pound steadies as increased risk aversion offsets hawkish BoE tone
GBP/USD moves little following a four-day winning streak, trading around 1.3470 during the Asian hours on Wednesday. The pair steadies as the US Dollar (USD) remains firm, driven by stalled US-Iran peace negotiations and renewed tensions in the Middle East, continued to underpin safe-haven demand.Fxstreet
Wed, Jun 3
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