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GBP/USD Price Analysis: Consolidates below 1.2700; 50/100-day SMAs confluence holds the key
The GBP/USD pair extends its sideways consolidative price move for the second straight day and remains confined in a narrow range below the 1.2700 mark during the Asian session on Wednesday.
Fxstreet
Jun 26, 2024
USD/JPY consolidates near two-month top, remains below 160.00 amid risk of intervention
The USD/JPY pair oscillates in a narrow trading range during the Asian session on Wednesday and is currently placed, around the 159.70-159.75 region, or just below a nearly two-month peak touched earlier this week.
Fxstreet
Jun 26, 2024
Mexican Peso plunges on Fed hawkish comments
The Mexican Peso depreciated sharply against the US dollar as Federal Reserve (Fed) Governor Michelle Bowman was hawkish compared to San Francisco Fed President Mary Daly, who was concerned about the labor market, stressing that the dual mandate risks are balanced.
Fxstreet
Jun 25, 2024
JPY: Verbal intervention provides temporary relief – MUFG
The US Dollar (USD) has weakened modestly the previous day although remains close to recent highs with the dollar index once again attempting to break above the 106.00-level on a sustainable basis, Senior Currency Analyst at MUFG Lee Hardman notes.Fxstreet
Jun 25, 2024
EUR/GBP trades lower as French election risks and weak German data weigh
EUR/GBP is trading lower in the 0.8440s on Tuesday as the Euro (EUR) loses ground due to rising political risk premia amid concerns about the outcome of the French-election, whilst the Pound Sterling (GBP) finds support after recent UK Retail Sales data beat forecasts, easing expectations that the Bank of England (BoE) go ahead with interest-rate cuts in August, as is widely expected.
Fxstreet
Jun 25, 2024
