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Australian Dollar struggles to recover against US Dollar as hawkish Fed bets escalate
The Australian Dollar (AUD) is under pressure against the US Dollar (USD) as traders have raised bets supporting interest rate hikes by the Federal Reserve this year, with the AUD/USD pair posting a fresh almost eight-week low at around 0.7025.
Fxstreet
Mon, Jun 8
USD/CAD Price Forecast: Gathers strength to near 1.3950 despite overbought RSI signals
The USD/CAD pair trades in positive territory around 1.3945 during the early European session on Monday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD), the highest since April 3, amid intensified geopolitical tensions in the Middle East.
Fxstreet
Mon, Jun 8
British Pound: Key 1.3300 support in focus versus US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann report that GBP/USD suffered a sharp slide to the low 1.33s after briefly trading above 1.3480. Intraday, they see scope for a test of 1.3300, though a sustained break below is doubtful.
Fxstreet
Mon, Jun 8
Euro: Drops against US Dollar after strong US jobs data – Danske Bank
Danske Research Team reports that EUR/USD fell sharply on Friday after a stronger-than-expected US jobs report boosted expectations for further Federal Reserve tightening. The move coincided with a rise in US Treasury yields and weaker risk sentiment.
Fxstreet
Mon, Jun 8
EUR/USD Price Forecast: Rises toward 1.1550 after rebounding from channel bottom
EUR/USD rebounds after registering 0.75% losses in the previous day, trading around 1.1530 during the Asian hours on Monday. The daily chart technical analysis indicates an ongoing bearish bias as the pair is positioned near the lower boundary of the descending channel pattern.Fxstreet
Mon, Jun 8
British Pound holds losses below 1.3350 amid Middle East turmoil
The GBP/USD pair trades with mild losses around 1.3340 during the European trading hours on Monday. Ongoing tensions in the Middle East and rising bets of a US interest rate hike provide some support to the US Dollar (USD) against the British Pound (GBP).Fxstreet
Mon, Jun 8
AUD/JPY Price Forecast: Strengthens above 113.00, hawkish RBA supports uptrend above 100-day SMA
The AUD/JPY cross trades in positive territory around 113.05 during the early European trading hours on Monday. A hawkish stance from the Reserve Bank of Australia (RBA) underpins the Australian Dollar (AUD) against the Japanese Yen (JPY).
Fxstreet
Mon, Jun 8
Silver Price Forecast: XAG/USD falls to near $67.50 as oil, Fed hike fears weigh
Silver price (XAG/USD) remains subdued for the second successive day, trading around $67.70 per troy ounce during the Asian hours on Monday. The non-yielding white metal declines as renewed tensions in the Middle East drive oil prices higher and fuel concerns about inflation and interest rates.
Fxstreet
Mon, Jun 8
Euro edges higher above 1.1500 on ECB hike bets, traders eye on Middle East tensions
The EUR/USD pair gains momentum to around 1.1535 during the early Asian trading hours on Monday. Nonetheless, persistent geopolitical tension might cap the upside for the Euro (EUR) against the US dollar (USD).Fxstreet
Mon, Jun 8
Japanese Yen holds below 160.00 following Q1 GDP data
USD/JPY moves little after registering modest gains in the previous day, trading around 160.30 during the Asian hours on Monday. With the currency pair holding firm above the critical 160.00 threshold, market participants remain highly alert to potential government intervention.Fxstreet
Mon, Jun 8
Australian Dollar softens as Middle East tensions, stronger jobs report boost US Dollar
The AUD/USD pair remains under selling pressure near 0.7035 during the early Asian session on Monday. The Australian Dollar (AUD) extends the decline against the US Dollar (USD) amid escalating tensions in the Middle East and stronger-than-expected US economic data.Fxstreet
Sun, Jun 7
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