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USD/CAD Price Forecast: Seeks trigger for fresh leg of rally above 1.3870
The USD/CAD pair trades subduedly at around 1.3836 during the European trading session on Tuesday. The Loonie pair ticks lower as the US Dollar (USD) faces selling pressure despite uncertainty regarding whether the United States (US) and Iran will reach a deal soon.
Fxstreet
Tue, Jun 2
Japanese Yen: Stays weak against dollar, losses capped below 159.95 – UOB
UOB’s Quek Ser Leang and Lee Sue Ann notes USD/JPY climbed to 159.76 on Monday, closing at 159.65 with firmer upward momentum. Intraday, they see room for further gains but doubt a clear break above 159.95, with support at 159.55 and 159.40.
Fxstreet
Tue, Jun 2
Swiss Franc pares losses following a steady Swiss trade surplus in April
The Swiss Franc (CHF) is picking up against the US Dollar on Tuesday, trimming Monday’s losses amid a moderate improvement in market sentiment and steady Swiss Trade Balance figures. The USD/CHF pair trades at the 0.7850 area at the time of writing, down from 0.7884 highs in the previous day.
Fxstreet
Tue, Jun 2
Silver Price Forecasts: XAG/USD hits highs near $77 amid a moderate risk appetite
Silver (XAG/USD) appreciates on Tuesday, retracing losses from the previous two trading days and reaching session highs near $77.00. News of a ceasefire in Lebanon has lifted market sentiment, although it remains fragile amid conflicting messages from Iran’s conflict.
Fxstreet
Tue, Jun 2
Euro holds steady against British Pound as traders await Eurozone HICP data
The EUR/GBP cross trades on a flat note around 0.8645 during the early European trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of the preliminary reading of the Harmonized Index of Consumer Prices (HICP) from the Eurozone, which will be published later on Tuesday.
Fxstreet
Tue, Jun 2
USD/JPY Price Forecast: Approaches almost two-year high near 160.70
The USD/JPY pair trades marginally higher to near 159.73 during the early European trading session on Tuesday. The pair edges up as the Japanese Yen (JPY) underperforms due to growing concerns regarding whether the Bank of Japan (BoJ) will raise interest rates in the near term.Fxstreet
Tue, Jun 2
Euro gains traction above 1.1600 ahead of Eurozone HICP inflation release
The EUR/USD pair holds positive ground near 1.1635 during the early European trading hours on Tuesday. Hawkish stance of the European Central Bank (ECB) provides some support to the Euro (EUR) against the US Dollar (USD).
Fxstreet
Tue, Jun 2
Indian Rupee flattens while recovery in oil prices dampens outlook
The Indian Rupee (INR) trades almost flat against the US Dollar (USD) in the opening session on Tuesday. The USD/INR pair flattens around 95.00, while the Indian Rupee’s outlook has become uncertain as oil prices have bounced back due to fresh concerns over the United States (US)-Iran deal.Fxstreet
Tue, Jun 2
AUD/JPY Price Forecast: Strengthens above 114.00, bullish bias holds above key technical support
The AUD/JPY cross trades in positive territory around 114.35 during the early European session on Tuesday. Traders will closely monitor the developments surrounding the Middle East ceasefire amid mixed signals from US President Donald Trump.
Fxstreet
Tue, Jun 2
New Zealand Dollar remains depressed against firmer USD; hawkish RBNZ limits losses
The NZD/USD pair trades with a negative bias for the second straight day, albeit it lacks bearish conviction and holds above the previous day's swing low. Spot prices currently trade near the 0.5925-0.5920 region, down around 0.15% for the day on the back of a modest US Dollar (USD) strength.
Fxstreet
Tue, Jun 2
Australian Dollar softens to near 0.7150 as Middle East tensions rise
The AUD/USD pair loses ground to near 0.7155 during the Asian trading hours on Tuesday, pressured by broader geopolitical uncertainties. Traders await Middle East ceasefire developments and key economic data from both Australia and the United States (US).Fxstreet
Tue, Jun 2
British Pound nudges higher as traders await progress on Middle East peace talks
The GBP/USD pair trades in positive territory around 1.3460 during the Asian trading hours on Tuesday. However, renewed tensions in the Middle East might cap the upside for the major pair as Iran has reportedly withdrawn from negotiations with the US.Fxstreet
Tue, Jun 2
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