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Swiss Franc declines against US Dollar amid hawkish Fed bets
The Swiss Franc (CHF) trades lower against its major currency peers at the start of the week. The USD/CHF pair rises 0.15% to near 0.8082 as a market-sentiment revival following the announcement of a ceasefire in the Middle East has diminished the appeal of safe-haven assets.
Japanese Yen: Joint intervention signals potential turning point – MUFG
MUFG’s Michael Wan highlights that the Japanese Yen (JPY) has strengthened sharply, with USD/JPY dropping from around 164 after suspected intervention by Japan’s Ministry of Finance (MoF) and confirmed joint action with the US Treasury.
Fxstreet
Mon, Aug 3
Canadian Dollar weakens on falling oil prices amid US-Iran talk hopes
The USD/CAD pair gathers strength to near 1.4030 during the early European session on Monday. A fall in crude oil prices weighs on the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). The US ISM Manufacturing Purchasing Managers Index (PMI) data will be released later on Monday.
Japanese Yen jumps as US-Japan confirm joint intervention, hint further action
The USD/JPY pair tumbles to near 156.45 during the early European trading hours on Monday. The Japanese Yen (JPY) climbs amid speculation that Japanese authorities may have intervened to prop up the currency again after coordinated action between the US and Japan last week.Fxstreet
Mon, Aug 3
Indian Rupee starts the week with a bang on US-Iran peace 2.0
The Indian Rupee (INR) opens strongly against the US Dollar (USD) at the start of the week. The USD/INR extends its losing streak for the third trading day, is down 0.25% to near 95.15, the lowest level seen in over three weeks.Fxstreet
Mon, Aug 3
EUR/JPY Price Forecast: Breaks below 179.50 as bearish bias prevails
EUR/JPY extends its gains for the third successive day, trading around 179.40 during the Asian hours on Monday. The currency cross is extending a bearish near-term tone as price holds beneath both the nine-period and 50-period Exponential Moving Averages (EMAs).
Fxstreet
Mon, Aug 3
Canadian Dollar drifts lower as falling oil prices counter weak USD amid Iran hopes
The USD/CAD pair kicks off the new week on a positive note, though it lacks bullish conviction and remains confined within Friday's broader range. Spot prices currently trade around the 1.4030 region, up less than 0.10% for the day amid mixed fundamental cues.Fxstreet
Mon, Aug 3
Breaking: Japanese Yen rises above 155.50 as Japan announces joint intervention with the US.
The USD/JPY pair tumbles to near 155.45, the lowest since May 6, during the early Asian trading hours on Monday. The Japanese Yen (JPY) attracts some buyers following reports of more joint intervention by the United States (US) and Japan.Fxstreet
Mon, Aug 3
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