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Euro gains against US Dollar as Middle East tensions ease, US CPI in focus
EUR/USD trades on the front foot on Tuesday as tentative signs of de-escalation in the Middle East conflict weigh on safe-haven demand for the US Dollar (USD). Lower Oil prices are also supporting the Euro (EUR), given the Eurozone's heavy reliance on imported energy.
EUR/USD
Fxstreet
Tue, Jun 9
Canadian Dollar holds steady as Middle East risks, BoC policy uncertainty cap moves
USD/CAD trades around 1.3950 on Tuesday at the time of writing after snapping a four-day winning streak.
USD/CAD
Fxstreet
Tue, Jun 9
British Pound: Flow-driven gains eye resistance – Scotiabank
Scotiabank’s Analyst Team notes Sterling is a moderate outperformer versus core majors, supported by broader risk appetite rather than domestic data.
GBP/USD
Fxstreet
Tue, Jun 9
British Pound gains as report of a BoJ bond-tapering pause weighs on the Japanese Yen
The British Pound (GBP) strengthens against the Japanese Yen (JPY) on Tuesday as easing tensions in the Middle East support risk-sensitive assets, while the Japanese Yen comes under pressure after Reuters reported that the Bank of Japan (BoJ) is considering pausing its bond-tapering program.
GBP/JPY
Fxstreet
Tue, Jun 9
Canadian Dollar: Steady near year-to-date ceiling against USD – Scotiabank
Scotiabank’s Analyst Team describes USD/CAD as little changed near the top of its year-to-date range, with conditions favouring at least a minor Canadian Dollar rebound as risk sentiment improves.
USD/CAD
Fxstreet
Tue, Jun 9
Euro: Dependent on Dollar moderation – NBC
National Bank Canada's (NBC) Stéfane Marion and Kyle Dahms observe that the Euro has softened alongside the broader USD rally, even as Eurozone inflation has reaccelerated and pushed the ECB toward a more hawkish stance.
EUR/USD
US Dollar Index
Fxstreet
Tue, Jun 9
Japanese Yen: JGB focus shapes FX outlook – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses how prospective Bank of Japan (BoJ) policy shifts on JGB purchases and rate hikes could influence the Japanese Yen (JPY).
USD/JPY
Fxstreet
Tue, Jun 9
Euro: Safe haven appeal grows with structural boosters – BNP Paribas
BNP Paribas strategists argue that Europe is emerging as an alternative safe haven, with the Euro gaining ground as a global safe asset.
EUR/USD
Fxstreet
Tue, Jun 9
Canadian Dollar: Growth, spreads and Gold weigh on Loonie – NBC
National Bank Canada's (NBC) Stéfane Marion and Kyle Dahms highlights that the Canadian Dollar (CAD) has been the weakest reserve currency recently, with USD/CAD back near 1.39. They link this to Canada’s deteriorating real growth, negative Canada–U.S. 2‑year spreads and falling Gold prices.
USD/CAD
Gold
Fxstreet
Tue, Jun 9
Japanese Yen: BoJ taper debate shapes outlook – BNY
BNY’s Bob Savage reports that Bank of Japan (BoJ) officials are considering pausing further reductions in JGB purchases after March 2027, keeping buying near ¥2.1tn as the balance sheet shrinks via maturities. The June meeting is expected to deliver a rate hike to 1.0%.
USD/JPY
Fxstreet
Tue, Jun 9
Australian Dollar underperforms as RBA rate hike fears wane
The Australian Dollar (AUD) trades lower against its major currency peers during the European trading session on Tuesday. The Aussie Dollar is up 0.15% against the US Dollar (USD) as the market sentiment turns risk-on.
AUD/USD
Fxstreet
Tue, Jun 9
Australian Dollar: Yield spreads signal downside against US Dollar – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad observes that AUD/USD is consolidating around 0.7050, with yield spreads pointing to downside risks below 0.7000.
AUD/USD
Fxstreet
Tue, Jun 9
Japanese Yen outlook looks weak despite expectations of BoJ rate hike
The Japanese Yen (JPY) continues to face strong headwinds, trading back above the critical 160.00 threshold against the US Dollar despite improving domestic fundamentals.
USD/JPY
Fxstreet
Tue, Jun 9
British Pound edges higher on weaker Dollar as UK political, growth risks cap gains
GBP/USD trades around 1.3390 on Tuesday at the time of writing, up 0.42% on the day, mainly benefiting from a weaker US Dollar (USD) following confirmation that direct attacks between Israel and Iran have ceased.
GBP/USD
Fxstreet
Tue, Jun 9
EUR/GBP Price Forecast: Testing two-week lows at 0.8630 as bearish pressure grows
The Euro (EUR) trades lower against the British Pound (GBP) on Tuesday, with bears testing support at two-week lows in the area of 0.8630, and bearish momentum building up.
EUR/GBP
Fxstreet
Tue, Jun 9
Euro trims losses on ECB tightening hopes, mild US Dollar weakness
The Euro (EUR) ticks up for the second consecutive day against the US Dollar (USD) on Tuesday to pare some of last week’s losses.
EUR/USD
Fxstreet
Tue, Jun 9
Germany 10-y Bond Auction: 2.98% vs previous 3.16%
Germany 10-y Bond Auction: 2.98% vs previous 3.16%
EUR/USD
Fxstreet
Tue, Jun 9
Japanese Yen: Weak against US Dollar despite BoJ hike bets – MUFG
Lee Hardman at MUFG observes that the Japanese Yen remains under pressure as USD/JPY trades back above 160.00, with markets almost fully pricing a BoJ rate hike at the June 16 meeting.
USD/JPY
Fxstreet
Tue, Jun 9
Japanese Yen steadies near recent lows as ceasefire, Japan intervention threats offset
USD/JPY trades around 160.15 on Tuesday at the time of writing, remaining close to its highest level since April 30 despite a broadly neutral intraday performance.
USD/JPY
Fxstreet
Tue, Jun 9
Euro: Downtrend against US Dollar targets lower supports – UOB
UOB’s Quek Ser Leang and Lee Sue Ann describe EUR/USD price action as short-term consolidation between 1.1505 and 1.1555 after last week’s sharp drop.
EUR/USD
Fxstreet
Tue, Jun 9
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