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GBP/USD Price Analysis: Pound plummets, targets 1.2600 as evening star surfaces
The Pound Sterling lost ground versus the Greenback on Wednesday following the release of US housing data, which highlights the sector's weakness, yet the buck trades at around 8-week highs, as shown by the US Dollar Index (DXY).
Fxstreet
Jun 26, 2024
3 scenarios for the EUR/USD in response to French legislative elections - Citi
Investing.com - The EUR/USD has dropped significantly in recent weeks, particularly affected by the shock of the dissolution of the National Assembly in France and the resulting political uncertainty.Investing.com
Jun 26, 2024
USD/CAD recovers at Fed rate-setters' reluctance to endorse interest-rate cuts
USD/CAD edges higher on Wednesday, trading in the 1.3680s as the US Dollar (USD) firms up on commentary from several Federal Reserve (Fed) rate-setters, that overall suggests the US central bank is reluctant to cut its main interest rate, the Fed Funds rate, due to insufficient progress being made on lowering inflation.
Fxstreet
Jun 26, 2024
Japanese Yen nears critical 160.00 level as Japan’s 10-year rate hits 1%
The Japanese Yen (JPY) weakens again on Wednesday in a near 10-day losing streak that only had one hiccup on the way up. Traders are dipping their toes in the water to see if the Japanese Ministry of Finance is set to intervene in forex markets.
Fxstreet
Jun 26, 2024
Forex Today: Choppy action continues as investors await next catalyst
Here is what you need to know on Wednesday, June 26: Major currency pairs continue to fluctuate in familiar ranges as market participants refrain from taking large positions in the absence of fundamental drivers.Fxstreet
Jun 26, 2024
