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Canadian Dollar under pressure as softer inflation meets firmer US Dollar
USD/CAD edges higher on Monday as softer-than-expected Canadian inflation data and a firmer US Dollar (USD) weigh on the Canadian Dollar (CAD), while tensions in the Middle East keep financial markets volatile. At the time of writing, the pair is trading around 1.4045, up 0.17% on the day.
New Zealand Dollar: RBNZ tightening cycle underpins Kiwi – HSBC
HSBC strategists see NZD/USD supported by New Zealand’s strengthening growth data and an aggressive Reserve Bank of New Zealand (RBNZ) hiking path. The RBNZ has begun raising rates and HSBC Economics projects 25bp hikes per quarter to 3.50% by Q3 2027.
Fxstreet
Mon, Jul 20
Australian Dollar picks up above 0.7000 as risk aversion eases
The Australian Dollar (AUD) appreciates against the US Dollar (USD) on Monday, as comments from Iranian Foreign Minister Esmaeil Baghaei offered a glimmer of hope for de-escalation in Iran and pushed Oil prices down from one-month highs.Fxstreet
Mon, Jul 20
Euro: Growth validation needed for value case – BNY
BNY’s Geoff Yu argues that Euro (EUR) assets show emerging value as the European Central Bank (ECB) holds policy and inflation pressures ease, but stresses that Purchasing Managers’ Index (PMI) data and earnings must confirm stable growth.Fxstreet
Mon, Jul 20
Swiss Franc remains on the front foot against USD as traders eyes geopolitics, Fed bets
The USD/CHF pair turns lower for the second straight day following an intraday uptick to the 0.8100 neighborhood and touches a fresh daily low during the first half of the European session on Monday.
Fxstreet
Mon, Jul 20
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