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Pound Sterling finds cushion despite firm BoE rate-cut bets

The Pound Sterling (GBP) gains ground against the US Dollar (USD) and trades around 1.2650 in Monday’s London session after facing a sharp sell-off last week.

Fxstreet

Jun 24, 2024

Germany IFO – Expectations below expectations (91) in June: Actual (89)

Germany IFO – Expectations below expectations (91) in June: Actual (89)

Fxstreet

Jun 24, 2024

Germany IFO – Current Assessment came in at 88.3, below expectations (88.4) in June

Germany IFO – Current Assessment came in at 88.3, below expectations (88.4) in June

Fxstreet

Jun 24, 2024

Germany IFO – Business Climate came in at 88.6, below expectations (89.7) in June

Germany IFO – Business Climate came in at 88.6, below expectations (89.7) in June

Fxstreet

Jun 24, 2024

Forex Today: US Dollar retreats to start the week

Here is what you need to know on Monday, June 24: The US Dollar (USD) struggles to find demand at the beginning of the new week after outperforming its rivals on Friday.

Fxstreet

Jun 24, 2024

USD/CAD appreciates to near 1.3700 as Fed delays the expected timing of the rate cut

USD/CAD halts its six-day losing streak, trading around 1.3700 during the Asian session on Monday.

Fxstreet

Jun 24, 2024

NZD/USD manages to defend 0.6100 mark, bearish potential seems intact

The NZD/USD pair kicks off the new week on a weaker note and drops to a multi-day trough during the Asian session, albeit finds some support near the 0.6100 round-figure mark.

Fxstreet

Jun 24, 2024

Asia FX weak amid dollar strength; yen on intervention watch

Investing.com-- Most Asian currencies were fragile on Monday as the dollar steadied near two-month highs, while weakness in the Japanese yen sparked caution over potential intervention measures by Tok

Investing.com

Jun 24, 2024

USD/INR drifts lower amid India’s foreign inflows, lower crude oil prices

The Indian Rupee (INR) strengthens on Monday despite the firmer US Dollar (USD).

Fxstreet

Jun 24, 2024

GBP/USD bears flirt with 100-day SMA, retain control near the lowest level since mid-May

The GBP/USD pair kicks off the new week on a subdued note and remains well within the striking distance of its lowest level since mid-May touched on Friday.

Fxstreet

Jun 24, 2024

PBOC sets USD/CNY reference rate at 7.1201 vs. 7.1196 previous

The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Monday at 7.1201, as against the previous day's fix of 7.1196 and 7.2647 Reuters estimates.

Fxstreet

Jun 24, 2024

NZD/USD remains under selling pressure near 0.6100 on the rally of US Dollar

The NZD/USD pair extends the downside near 0.6110 on Monday during the early Asian trading hours.

Fxstreet

Jun 24, 2024

EUR/USD hangs near its lowest level since early May, seems vulnerable below 1.0700 mark

The EUR/USD pair remains depressed for the third straight day on Monday and trades around the 1.0690-1.0685 region during the Asian session, just above its lowest level since early May.

Fxstreet

Jun 24, 2024

Japanese yen fragile, USDJPY nears 160 amid intervention talk

Investing.com-- The Japanese yen was fragile on Monday, with the USDJPY pair nearing key intervention levels even as government officials reiterated warnings that they would step in to support the cur

Investing.com

Jun 24, 2024

NZD/JPY Price Analysis: Cross extends gains to multi-year highs past 97.50

On Friday, the NZD/JPY cross extended advances and established multi-year highs above 97.50.

Fxstreet

Jun 21, 2024

Australian Dollar closes the week with losses on weak PMIs

In Friday's session, the Australian Dollar (AUD) intensified its losses against its peers.

Fxstreet

Jun 21, 2024

Mexican Peso rockets as USD/MXN falls to 18.00 ahead of the weekend

The Mexican Peso rallied for the second straight day against the US Dollar on Friday after President-elect Claudia Sheinbaum revealed the first members of the cabinet on Thursday, which were cheered by investors.

Fxstreet

Jun 21, 2024

Canadian Dollar snaps five-day win streak despite firm Retail Sales beat

The Canadian Dollar (CAD) is struggling to overtake the US Dollar (USD) on Friday, buckling under the weight of a thin, five-day win streak against the Greenback after the US Purchasing Managers Index (PMI) firmly beat forecasts, bolstering the Greenback and leaving the CAD to compete for second place.

Fxstreet

Jun 21, 2024

USD/NOK recovers following NB hawkish hold.

On Friday, the USD/NOK recovered towards 10.575 and cleared most of Thursday's losses.

Fxstreet

Jun 21, 2024

BoE August cut more likely, EUR/GBP rebound can wait – ING

Thursday’s Bank of England (BoE) statement and minutes suggested officials are getting closer to cutting interest rates, ING’s FX Strategist Francesco Pesole notes.

Fxstreet

Jun 21, 2024

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