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EUR/USD Price Forecast: Approaches 1.1600 as RSI shifts bullish
The EUR/USD advances some 0.41% on Wednesday, trading at 1.1466 after US inflation data was softer than expected, weighing on the Greenback, as market participants expect a less hawkish Federal Reserve. Towards the end of the year.
Fxstreet
Wed, Jul 15
The Japanese Yen gets a gift from American inflation and hands it straight back
USD/JPY has spent Wednesday doing an impression of volatility without any of the substance. The pair climbed to 162.42 through the London morning, was knocked down to 161.90 by the New York afternoon, bounced back to 162.28, and trades at 162.11 at writing, which is precisely where it opened.
Fxstreet
Wed, Jul 15
Mexican Peso surges as inflation data weighs on the USD
The Mexican Peso appreciates against the US Dollar during the North American session, up 0.29% after the latest US inflation reports, easing expectations that the Federal Reserve would raise rates to tackle high inflation. At the time of writing, the USD/MXN trades at 17.38
Fxstreet
Wed, Jul 15
Japanese Yen strengthens modestly but remains near multi-decade lows
The Japanese Yen (JPY) holds modest gains against the US Dollar (USD) on Wednesday but struggles to extend its recovery despite a broadly weaker Greenback following softer-than-expected US inflation data. At the time of writing, USD/JPY trades around 162.14, down 0.07% on the day.
British Pound rallies as soft US PPI hits US Dollar
The Pound Sterling rises by some 0.60% against the US Dollar after the latest Producer Price Index (PPI) in the US showed prices edging lower, driven by the dip in energy prices since late May. At the time of writing, the GBP/USD trades at 1.3460 after bouncing off a daily low of 1.3370.Fxstreet
Wed, Jul 15
Euro: Energy risks cap upside against US Dollar – ING
Chris Turner at ING says EUR/USD rallied on softer US CPI but warns that rising Oil and European natural gas prices limit upside. He expects EUR/USD to struggle above 1.1460/70 and potentially retreat toward 1.1360/80 if Oil gains another leg higher.Fxstreet
Wed, Jul 15
Euro finds support as soft US PPI weighs on US Dollar
EUR/USD recovers its intraday losses on Wednesday as the US Dollar (USD) comes under pressure after the latest US inflation data surprised to the downside. At the time of writing, the pair trades around 1.1430 after hitting an intraday low of 1.1406.Fxstreet
Wed, Jul 15
Brazilian Real: Year-end weakness forecast against US Dollar – Rabobank
Rabobank strategists Mauricio Une and Renan Alves note that the US Dollar (USD) ended the previous week at Brazilian Real (BRL) 5.1086, with the Brazilian Real appreciating 1.2% and ranking third among 24 emerging currencies.Fxstreet
Wed, Jul 15
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