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EUR/GBP Price Forecasts: Testing 10-month lows at 0.8611 in risk-off markets
The Euro (EUR) extends losses for the fourth consecutive day against the British Pound (GBP) on Wednesday. The EUR/GBP pair has lost about 0.6% so far this week and is testing the 0.8610 area at the time of writing, its lowest level in the last 10 months.
Fxstreet
Wed, Jun 24
USD/JPY Price Forecast: Range tightens further at around 161.60
The USD/JPY pair trades in a limited range around 161.60 during the European trading session on Wednesday. The pair consolidates as hawkish Bank of Japan (BoJ) bets are supporting the Japanese Yen (JPY) against the US Dollar’s (USD) continued outperformance.Fxstreet
Wed, Jun 24
AUD/JPY Price Forecast: Weakens below 112.00 on intervention fears, bearish bias below 100-day SMA
The AUD/JPY cross trades in negative territory around 111.70 during the early European trading hours on Wednesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) as traders are on high alert for currency intervention from Japanese authorities.
Fxstreet
Wed, Jun 24
British Pound extends the decline below 1.3200 on UK political instability concerns
The GBP/USD pair loses traction to around 1.3195 during the early European trading hours on Wednesday. The British Pound (GBP) softens against the US Dollar (USD) amid political instability following Keir Starmer’s resignation as Prime Minister.
Fxstreet
Wed, Jun 24
EUR/USD Price Forecast: Hits one-year low, eyes 1.1350 as bullish USD offsets oversold RSI
The EUR/USD pair drifts lower for the third straight day – also marking the fifth day of a negative move in the previous six – and drops to over a one-year low during the Asian session on Wednesday.
Fxstreet
Wed, Jun 24
Swiss Franc slips to seven-month lows ahead of ZEW Survey Expectations
USD/CHF extends its gains for the sixth successive day, reaching a seven-month high of 0.8107 during the Asian hours on Wednesday. The pair rises as the Greenback strengthens on the complex Middle East situation.
Fxstreet
Wed, Jun 24
Canadian Dollar strengthens despite hawkish Fed expectations
The USD/CAD pair edges lower to around 1.4205 during the Asian trading hours on Wednesday. Nonetheless, the potential downside for the pair might be limited amid rising expectations of a Federal Reserve (Fed) rate hike this year.
Fxstreet
Wed, Jun 24
Australian Dollar bulls seem hesitant on mixed CPI data; hangs near April lows vs USD
The AUD/USD pair attracts some buyers following the release of softer Australian consumer inflation figures during the Asian session on Wednesday and reverses a part of the previous day's slump to the 0.6900 mark, or its lowest level since early April.Fxstreet
Wed, Jun 24
New Zealand Dollar weakens as US Dollar rises on Middle East risks, firm US data
NZD/USD continues its losing streak for the sixth consecutive day, trading around 0.5660 during the Asian hours on Wednesday. The pair weakens as the US Dollar (USD) gains ground in a highly complex geopolitical landscape.Fxstreet
Wed, Jun 24
Japanese Yen holds steady near 161.50 as traders are on high alert for currency intervention
The USD/JPY pair trades on a flat note around 161.60 during the early Asian trading hours on Wednesday. Increased expectations of a Federal Reserve (Fed) rate hike this year could underpin the US Dollar (USD) against the Japanese Yen (JPY).Fxstreet
Wed, Jun 24
Australian Dollar tumbles as risk aversion and Fed bets lift the USD
The Australian Dollar collapsed by over 1.20% on Tuesday as risk aversion favoured flows into the Greenback amid expectations of higher US interest rates, while the Aussie fell. The AUD/USD trades at 0.6915 after dropping from daily highs of 0.7005.Fxstreet
Tue, Jun 23
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