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British Pound sits near one-month top vs weaker JPY; below 215.00 amid intervention risks
The GBP/JPY cross attracts some follow-through buyers at the start of a new week and climbs to a one-month peak during the early European session. Spot prices, however, remain below the 215.00 psychological mark.
Fxstreet
Mon, Jun 1
Canadian Dollar weakens on risk-off mood, dovish BoC’s tone
USD/CAD extends its gains for the second successive day, trading around 1.3810 during the early European hours on Monday. The pair appreciates as the US Dollar (USD) holds ground on increased safe-haven demand amid US-Iran peace uncertainty.
Fxstreet
Mon, Jun 1
Swiss Franc picks up from session lows following upbeat Swiss data releases
The Swiss Franc (CHF) holds moderate losses against the US Dollar (USD) on Monday, but has bounced up from daily lows, as Swiss Gross Domestic Product (GDP) and Retail Sales Figures pointed to a resilient economy in the face of the Iran war and the energy shock stemming from it.Fxstreet
Mon, Jun 1
Australian Dollar softens below 0.7200 amid ongoing Middle East tensions
The AUD/USD pair loses momentum to around 0.7180 during the early European trading hours on Friday. Rising tensions in the Middle East weigh on the riskier assets such as the Australian Dollar (AUD) against the US Dollar (USD).
Fxstreet
Mon, Jun 1
Euro flat lines near 1.1650 vs USD as ECB hike bets offset hawkish Fed and geopolitics
The EUR/USD pair struggles to capitalize on its recent recovery gains registered over the past two days, from the 1.1585 support zone, and seesaws between tepid gains/minor losses heading into the European session on Monday.Fxstreet
Mon, Jun 1
USD/JPY Price Forecast: Yen languishes amid growing BoJ rate hike uncertainty
The USD/JPY pair trades 0.12% higher at around 159.45 during the early European trading session on Monday. The pair gains as the Japanese Yen (JPY) broadly underperforms amid uncertainty regarding whether the Bank of Japan (BoJ) will raise interest rates in the policy meeting on June 16.
Fxstreet
Mon, Jun 1
GBP/USD Price Forecast: Consolidates around mid-1.3400s amid firm USD, cautious setup
The GBP/USD pair struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and oscillates in a narrow range around mid-1.3400s at the start of a new week.
Fxstreet
Mon, Jun 1
EUR/JPY Price Forecast: Edges lower from upper descending channel top around 186.00
EUR/JPY steadies after six days of gains, trading around 185.70 during the Asian hours on Monday. The currency cross is maintaining a constructive bullish bias as it holds above both the nine-day and 50-day Exponential Moving Averages (EMAs).
Fxstreet
Mon, Jun 1
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