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British Pound falls as Oil shock boosts the US Dollar
The Pound Sterling begins the week on a lower note, as over-the-weekend developments in the Middle East fueled inflationary pressures due to the rise in Oil prices. At the time of writing, the GBP/USD trades at 1.3369, down over 0.20%.
GBP/USD
Fxstreet
Mon, Jul 13
Canadian Dollar gains as Oil prices surge on Middle East supply risks
The Canadian Dollar (CAD) outperforms most of its major peers on Monday as renewed tensions in the Middle East push Oil prices higher amid fresh risks of supply disruption in the Strait of Hormuz.
USD/CAD
Brent
Fxstreet
Mon, Jul 13
Japanese Yen: Higher energy prices pressure JPY – MUFG
MUFG’s Lee Hardman reports the Japanese Yen has weakened again, pushing USD/JPY back above 162.00 as higher energy prices and fading impact from last week’s verbal intervention weigh on the currency.
USD/JPY
Fxstreet
Mon, Jul 13
Silver Price Forecast: XAG/USD remains range-bound with a bearish bias
Silver (XAG/USD) attracts sellers on Monday after renewed fighting between the United States (US) and Iran over the weekend revived energy-driven inflation concerns and reinforced expectations of a Federal Reserve (Fed) interest rate hike later this year.
Silver
Fxstreet
Mon, Jul 13
Japanese Yen: GPIF narrative keeps FX volatility elevated – BNY
BNY’s Geoff Yu highlights that Japan remains a key source of two‑way FX volatility as markets digest conflicting signals on Government Pension Investment Fund (GPIF) allocations.
USD/JPY
Fxstreet
Mon, Jul 13
Swiss Franc: SNB intervention and cautious policy stance – Rabobank
Rabobank's Senior FX Strategist Jane Foley describes how the Swiss National Bank has actively countered safe haven inflows into the Swiss Franc since the Iran war, selling CHF and signalling increased willingness to intervene.
USD/CHF
EUR/CHF
Fxstreet
Mon, Jul 13
Germany Current Account n.s.a. declined to €10.4B in May from previous €13.8B
Germany Current Account n.s.a. declined to €10.4B in May from previous €13.8B
EUR/USD
Fxstreet
Mon, Jul 13
Euro climbs above 1.1400 as US Dollar loses ground
EUR/USD trades with a mild positive bias on Monday as the US Dollar (USD) gives back its earlier gains. At the time of writing, the pair trades around 1.1424 after recovering from an intraday low of 1.1384.
EUR/USD
Fxstreet
Mon, Jul 13
Japanese Yen: Consolidation near resistance band against US Dollar – Societe Generale
Societe Generale’s Kenneth Broux describes USD/JPY consolidating after failing again at resistance near 162.80. The pair is seen in a narrow range, with key support at 160.40 tied to the March peak and upside projections towards 163.70/164.40 if resistance breaks.
USD/JPY
Fxstreet
Mon, Jul 13
New Zealand Dollar: RBNZ tightening risks watched – UOB
UOB’s Lee Sue Ann and Jester Koh note that the Reserve Bank of New Zealand raised the Official Cash Rate to 2.50% in July and adopted a more hawkish tone as inflation risks remain elevated.
NZD/USD
Fxstreet
Mon, Jul 13
GBP/USD Price Forecast: Bounces back to near 1.3400 as US Dollar turns upside down
The British Pound (GBP) recovers its early losses and flattens around 1.3400 against the US Dollar (USD) during the European trading session on Monday.
GBP/USD
US Dollar Index
Fxstreet
Mon, Jul 13
Kiwi nears 0.5800 as RBNZ tightening hopes offset risk aversion
The New Zealand Dollar (NZD) retraced previous losses against the US Dollar (USD) on Monday and trades higher for the fourth consecutive day, approaching three-week highs near 0.5800.
NZD/USD
Fxstreet
Mon, Jul 13
Australian Dollar: Momentum fades into sideways band against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann observe that AUD/USD has been range‑trading slightly higher than expected, with intraday levels seen between 0.6920 and 0.6960. The earlier tentative upside momentum has faded, and for the next 1–3 weeks the pair is expected to trade between 0.6890 and 0.6975.
AUD/USD
Fxstreet
Mon, Jul 13
British Pound: Gilt confidence and new leadership – BNY
BNY’s Geoff Yu argues that United Kingdom (UK) assets, including the British Pound (GBP) and gilts, will react more to the choice of chancellor under incoming Prime Minister Andy Burnham than to the leadership change itself.
GBP/USD
GBP/JPY
Fxstreet
Mon, Jul 13
AUD/USD Price Forecast: Wavers around 0.6950 with bearish momentum fading
The Australian Dollar (AUD) posts marginal losses against the US Dollar (USD) on Monday, as the pair's reversal from Friday's 0.6970 highs found support above 0.6120. Rising tensions in Iran have hammered risk appetite, but the US Dollar’s weakness is keeping the Aussie from retreating further.
AUD/USD
Fxstreet
Mon, Jul 13
Euro recovers early losses against Canadian Dollar, BoC policy eyed
The Euro (EUR) claws back its early losses and turns slightly positive at around 1.6170 against the Canadian Dollar (CAD) during the European trading session on Monday. The cross bounces back as the Euro strengthens amid hopes that the ongoing aggression in the Middle East won’t be prolonged.
EUR/CAD
Brent
Fxstreet
Mon, Jul 13
EUR/USD Price Forecast: Rises to near 1.1450 after breaking above nine-day EMA
EUR/USD gains ground after posting losses in the previous day, trading around 1.1440 during the European hours on Monday. The currency pair holds just above the nine-day Exponential Moving Average (EMA) but remains capped by the 50-day EMA, keeping the near-term tone cautiously bearish.
EUR/USD
Fxstreet
Mon, Jul 13
Japanese Yen: Mixed outlook within defined band against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann report that USD/JPY rebounded after a sharp drop to 161.26, with intraday gains expected to be capped between 161.60 and 162.45. Over the next 1–3 weeks, the outlook is described as mixed, with trading likely between 160.60 and 163.00.
USD/JPY
Fxstreet
Mon, Jul 13
USD/CHF Price Forecast: Bulls remain capped below 0.8100 despite the risk-off market
The US Dollar posts moderate gains against the Swiss Franc (CHF) on Monday, yet with price action contained within the last two weeks’ trading range, and with the 0.8100 level capping bulls for now.
USD/CHF
Fxstreet
Mon, Jul 13
Turkish Lira: Policy limits keep TRY under pressure – Commerzbank
Commerzbank’s Tatha Ghose contrasts upbeat remarks from CBT governor Fatih Karahan with more cautious comments from deputy governor Gazi Ishak Kara on Turkey’s inflation dynamics.
USD/TRY
Fxstreet
Mon, Jul 13
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