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New Zealand Dollar gives away gains as Iran’s war offsets RBNZ’s hawkishness
The New Zealand Dollar (NZD) is trading lower against the US Dollar (USD) for the second consecutive day on Wednesday, as the US-Iran conflict overshadows the Reserve Bank of New Zealand’s (RBNZ) hawkish monetary policy stance.
Fxstreet
Wed, Jul 22
Euro gathers strength against British Pound after UK June CPI inflation falls by more than expected
The EUR/GBP cross gains momentum to near 0.8525 during the early European trading hours on Wednesday. The British Pound (GBP) weakens against the Euro (EUR) following the UK inflation report. All eyes will be on the European Central Bank (ECB) interest rate decision later on Thursday.
Fxstreet
Wed, Jul 22
British Pound remains depressed against US Dollar following soft UK inflation data
The British Pound (GBP) consolidates losses against the US Dollar (USD) on Wednesday, as a string of UK inflation figures provided some leeway for the Bank of England to maintain its “wait-and-see” stance through the coming months.
Fxstreet
Wed, Jul 22
British Pound attracts bids against Japanese Yen after mixed UK CPI data
The British Pound (GBP) witnesses slight buying interest against its major currency peers after the release of the United Kingdom (UK) Consumer Price Index (CPI) data for June. Against the Japanese Yen (JPY), the British currency rebounds strongly from the intraday low of 218.20.
Fxstreet
Wed, Jul 22
Euro: Mild downside within defined range against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note EUR/USD under mild downward pressure after slipping toward 1.14, but expects any intraday decline to be limited to a test of 1.1380, with major support at 1.1360 unlikely to be challenged.
Fxstreet
Wed, Jul 22
USD/JPY Price Forecast: Likely to extend rally towards 164.00
The Japanese Yen (JPY) hovers near a multi-decade high at around 163.24 against the US Dollar (USD) during the early European trading session on Wednesday. The USD/JPY pair reflects significant strength as the Japanese currency underperforms due to surging Oil prices.
Fxstreet
Wed, Jul 22
Swiss Franc weakens as risk aversion support US Dollar
USD/CHF continues its winning streak for the third successive day, trading around 0.8130 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) receives support from growing risk aversion tied to escalating geopolitical tensions between the United States and Iran.
Fxstreet
Wed, Jul 22
EUR/JPY Price Forecast: Tests ascending triangle top above 186.00
EUR/JPY extends its gains for the second successive day, trading around 186.20 during the Asian hours on Wednesday. The currency cross is retaining a bullish near-term bias as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs).
Fxstreet
Wed, Jul 22
Silver Price Forecast: XAG/USD rises to near $60.00 despite surging inflation fears
Silver price (XAG/USD) gains ground for the fourth successive day, trading around $59.70 per troy ounce during the Asian hours on Wednesday. Silver prices are surging despite rising rate-hike expectations, as powerful market forces outweigh the drag of higher interest rates.Fxstreet
Wed, Jul 22
UK CPI set to show receding inflation in June as GBP/USD fails at May highs
The UK Office for National Statistics (ONS) will release the June Consumer Price Index (CPI) figures on Wednesday at 06:00 GMT, a print that will matter for markets. Consensus expectations point to inflation pressures still above the Bank of England’s (BoE) target, although losing further momentum.Fxstreet
Wed, Jul 22
Canadian Dollar edges higher amid bullish oil prices; upside potential seems limited
The USD/CAD pair struggles to capitalize on its strong weekly gains registered over the past two days and edges lower during the Asian session on Wednesday. Spot prices currently trade around the 1.4100 round figure, though the fundamental backdrop warrants caution for aggressive bearish traders.
Fxstreet
Wed, Jul 22
Australian Dollar strengthens above 0.7000 on RBA hawkish stance
The AUD/USD pair gathers strength to near 0.7010 during the early Asian trading hours on Wednesday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) as the likelihood of the Reserve Bank of Australia (RBA) interest rate hike rises.Fxstreet
Wed, Jul 22
GBP/JPY Price Forecast: Holds above 218.00 bulls eye YTD peak
The GBP/JPY consolidates around 218.20 as the Pound Sterling loses momentum amid the new PM, Andy Burnham, taking office. Fears of a possible intervention by Japanese authorities capped the cross-pair advance, which remains trading near year-to-date (YTD) highs seen on July 15.Fxstreet
Tue, Jul 21
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