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British Pound slides as Gulf War risk fuels US Dollar rally
The Pound Sterling drops by over 0.40% against the Greenback as risk aversion weighs on most G8 currencies amid the escalation of the Middle East conflict and growing speculation of an extended US campaign against Iran. The GBP/USD trades at 1.3313 after reaching a daily high at 1.3393.
GBP/USD
Fxstreet
Thu, Jul 23
Japanese Yen falls near multi decade low
USD/JPY trades above163.90 on Thursday as the US Dollar (USD) strengthens following significantly better-than-expected United States (US) labor market data.
USD/JPY
Fxstreet
Thu, Jul 23
Euro slips against British Pound as ECB keeps interest rates unchanged
The Euro (EUR) trades under pressure against the British Pound (GBP) as traders assess the European Central Bank’s (ECB) latest monetary policy announcement.
EUR/GBP
Fxstreet
Thu, Jul 23
Mexican Peso: Slightly stronger MXN outlook – Commerzbank
Commerzbank strategist Michael Pfister argues that Banxico’s recent rate cuts were broadly justified by moderating inflation and Mexico’s weakening economy, leaving little reason for the central bank to tighten policy despite markets pricing in roughly three rate hikes.
USD/MXN
Fxstreet
Thu, Jul 23
163.00: Why the Japanese Yen is trading at historic lows despite BoJ hike speculation
The Japanese Yen (JPY) continues to trade at historic lows, with USD/JPY pressing past year-to-date highs above the 163.00 handle, as a renewed surge in global Oil and Natural Gas prices has dealt a severe blow to the net-energy-importing Japanese economy.
USD/JPY
Fxstreet
Thu, Jul 23
Canadian Dollar eases despite stronger Retail Sales and rising Oil prices
USD/CAD rebounds on Thursday as the US Dollar (USD) regains momentum amid rising tensions in the Middle East and growing Federal Reserve (Fed) rate hike bets, while traders show a muted reaction to Canadian Retail Sales data.
USD/CAD
Fxstreet
Thu, Jul 23
Euro weakens as ECB stays on hold while Middle East tensions boost the US Dollar
EUR/USD trades around 1.1385 on Thursday after the European Central Bank (ECB) left its key interest rates unchanged, in line with market expectations.
EUR/USD
Fxstreet
Thu, Jul 23
Australian Dollar: Limited upside as RBA priced – Rabobank
Rabobank’s Senior FX Strategist Jane Foley highlights the strong year-to-date performance of the Australian Dollar (AUD), supported by the Reserve Bank of Australia’s (RBA) hawkish stance and Australia’s commodity-linked profile.
AUD/USD
Fxstreet
Thu, Jul 23
Euro: Recovery led by spot demand – BNY
BNY’s Geoff Yu notes the Euro is stabilizing ahead of the ECB decision, with improving spot flow and hedge unwinding supporting Eurozone assets. However, forward and swaps demand remain weak, limiting conviction.
EUR/USD
EUR/GBP
Fxstreet
Thu, Jul 23
British Pound holds losses below 1.3400 as PM Burnam stokes fiscal worries
The British Pound (GBP) consolidates losses below 1.3400 against the US Dollar (USD) on Thursday, on track for a 0.6% weekly decline, following a reversal from 1.3558 highs last week.
GBP/USD
USD/JPY
Fxstreet
Thu, Jul 23
EUR/JPY Price Forecast: Euro trims gains but holds above previous highs at 186.32
The Euro (EUR) is giving away previous gains against the Japanese Yen (JPY) on Thursday, as investors position for the European Central Bank's (ECB) monetary policy decision.
EUR/JPY
Fxstreet
Thu, Jul 23
Turkish Lira: High carry stays attractive as easing delayed – ING
ING’s Frantisek Taborsky expects the Central Bank of the Republic of Türkiye (CBRT) to keep its 37.00% rate unchanged, with geopolitical tensions, Oil above $90 and tariff changes limiting scope to absorb higher energy costs.
USD/TRY
Fxstreet
Thu, Jul 23
Australian Dollar: Jobs strength keeps RBA hike priced – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes AUD/USD is consolidating near 0.7000 after strong Australia employment data. Solid June job gains keep Reserve Bank of Australia (RBA) hike expectations alive, with cash rate futures now virtually fully pricing a move to 4.60% by year‑end.
AUD/USD
Fxstreet
Thu, Jul 23
Swiss Franc weakens as safe-haven demand lifts US Dollar
USD/CHF extends its gains for the fourth successive day, trading around 0.8150 during the European hours on Thursday. The pair appreciates as the US Dollar (USD) gains ground after recovering its daily losses amid rising geopolitical tensions between the United States (US)-and Iran.
USD/CHF
Fxstreet
Thu, Jul 23
Analysts agree: Hawkish ECB expectations are likely to keep Euro supported
The Euro (EUR) remains steady above 1.1400 against the US Dollar (USD) on Thursday, showing a surprising resilience to the surging Oil prices and the escalation of hostilities in the Middle East.
EUR/USD
Fxstreet
Thu, Jul 23
Japanese Yen: Energy shock drives weaker currency – MUFG
MUFG’s Lee Hardman highlights that rising Oil and natural gas prices are pressuring the Japanese Yen (JPY), with USD/JPY hitting fresh year-to-date highs above 163.00.
USD/JPY
EUR/JPY
Fxstreet
Thu, Jul 23
Australian Dollar: RBA tone may turn hawkish – Commerzbank
Commerzbank’s Volkmar Baur highlights a strong Australian labor market, with 76,000 jobs added and participation back near historic highs, prompting markets to raise the implied probability of an RBA hike to 30%.
AUD/USD
Fxstreet
Thu, Jul 23
NZD/USD Price Forecast: Tests levels sub-0.5800 as bulls run out of steam
The New Zealand Dollar (NZD) extends losses for the third consecutive day against the US Dollar (USD) on Thursday, with the NZD/USD pair dipping below 0.5800, after being rejected at the 0.5875 area earlier in the week.
NZD/USD
Fxstreet
Thu, Jul 23
South African Rand: Hawkish SARB could strengthen ZAR – Societe Generale
Societe Generale strategists expect a 25bp rate hike in South Africa after a sharp June inflation surprise, with Headline Consumer Price Index (CPI) at 5.0% and core at 4.1%.
USD/ZAR
Fxstreet
Thu, Jul 23
Australian Dollar remains steady following improved employment data
AUD/USD holds ground after registering minor gains in the previous day, trading around 0.7000 during the European hours on Thursday. The pair remains steady as the Australian Dollar (AUD) moves little following the release of improved Australian employment data.
AUD/USD
Fxstreet
Thu, Jul 23
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