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Euro: Range-bound against US Dollar under Fed support – ING
ING’s Chris Turner says EUR/USD is consolidating above 1.1400 as markets reassess European Central Bank (ECB) and Fed paths, with a September ECB hike priced below 50% probability.
EUR/USD
Fxstreet
Mon, Jul 6
162.30: Japanese Yen falls back to near 40-year lows as intervention risks loom
The Japanese Yen (JPY) has resumed its broader downtrend against the US Dollar (USD) on Monday following a mild relief last week.
USD/JPY
Fxstreet
Mon, Jul 6
Japanese Yen: Weakness and intervention risks persist against US Dollar – HSBC
HSBC strategists argue that the USD/JPY pair is trading near its highest level in around 40 years and may have shifted into a new, higher range.
USD/JPY
Fxstreet
Mon, Jul 6
USD/CHF Price Forecast: Aiming for the 0.8065 area amid wide US Dollar strength
The Swiss Franc (CHF) pares recent gains against the US Dollar (USD) on Monday, as fresh frictions in the Middle East are dampening investors’ appetite for risk in an otherwise calm market session.
USD/CHF
Fxstreet
Mon, Jul 6
New Zealand Dollar declines on weaker commodity prices, RBNZ policy uncertainty
NZD/USD trades around 0.5680 at the time of writing, down 0.50% on the day as the New Zealand Dollar (NZD) remains under pressure against a stronger US Dollar (USD).
NZD/USD
Fxstreet
Mon, Jul 6
Japanese Yen: Policy risks support higher yields – MUFG
MUFG’s Lee Hardman notes that the Japanese Yen (JPY) has weakened again, pushing USD/JPY back above 162.00 and coinciding with further selling at the long end of the JGB curve.
USD/JPY
Fxstreet
Mon, Jul 6
Euro: Fiscal questions with disinflation progress – BNY
BNY’s Geoff Yu argues that European disinflation is allowing focus to shift from emergency inflation control toward growth and fiscal credibility.
EUR/USD
Fxstreet
Mon, Jul 6
Eurozone Retail Sales rises 0.2% MoM in May, misses 0.3% estimates
Eurozone Retail Sales rise at a moderate pace of 0.2% Month-on-Month (MoM) in May against the estimates of 0.3%. In April, Retail Sales, a key measure of consumer spending, declined by 0.4%.
Fxstreet
Mon, Jul 6
Eurozone Retail Sales (MoM) registered at 0.2%, below expectations (0.3%) in May
Eurozone Retail Sales (MoM) registered at 0.2%, below expectations (0.3%) in May
EUR/USD
Fxstreet
Mon, Jul 6
Eurozone Producer Price Index (YoY) above forecasts (5.7%) in May: Actual (5.9%)
Eurozone Producer Price Index (YoY) above forecasts (5.7%) in May: Actual (5.9%)
EUR/USD
Fxstreet
Mon, Jul 6
Eurozone Retail Sales (YoY) meets expectations (1.6%) in May
Eurozone Retail Sales (YoY) meets expectations (1.6%) in May
EUR/USD
Fxstreet
Mon, Jul 6
Eurozone Producer Price Index (MoM) meets forecasts (0.2%) in May
Eurozone Producer Price Index (MoM) meets forecasts (0.2%) in May
EUR/USD
Fxstreet
Mon, Jul 6
Japanese Yen: New lows risk against US Dollar – Societe Generale
Societe Generale strategists note USD/JPY has pulled back after testing resistance near 162.80 but is still holding above the March peak around 160.40.
USD/JPY
Fxstreet
Mon, Jul 6
Euro drifts lower as investors’ cautiousness offsets upbeat German factory data
The Euro (EUR) shows a moderately negative stance against the US Dollar (USD) on Monday, in a calm start of the week.
EUR/USD
Fxstreet
Mon, Jul 6
Euro: Upside bias capped by nearby resistance against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang highlights that EUR/USD remains in a short-term range, with flat momentum indicators pointing to intraday consolidation between 1.1415 and 1.1455.
EUR/USD
Fxstreet
Mon, Jul 6
Eurozone Sentix Investor Confidence increased to -3.1 in July from previous -13.4
Eurozone Sentix Investor Confidence increased to -3.1 in July from previous -13.4
EUR/USD
Fxstreet
Mon, Jul 6
Australian Dollar drifts away from highs amid cooler inflation, weak employment data
The Australian Dollar (AUD) is trading moderately lower against the US Dollar (USD) on Monday, as cooler Australian inflation figures have eased pressure on the Reserve Bank of Australia (RBA) to hike interest rates further.
AUD/USD
Fxstreet
Mon, Jul 6
British Pound rallies back closer to multi-year top as carry trade and fiscal woes hit JPY
The GBP/JPY cross gains strong follow-through positive traction for the second successive day and rallies to mid-216.00s during the early European session on Monday, back closer to a multi-year peak set in late April.
GBP/JPY
Fxstreet
Mon, Jul 6
British Pound: Sterling gains against Euro face political test – ING
ING’s Chris Turner highlights a sizeable downside breakout in EUR/GBP driven by stale Sterling shorts and lower FX volatility reducing appetite to pay carry.
GBP/USD
EUR/GBP
Fxstreet
Mon, Jul 6
Indian Rupee: Holds within 94–96 range against US Dollar – Commerzbank
Commerzbank notes that USD/INR eased 0.2% on Friday to 95.20 but still gained 0.9% over the week, remaining within a 94–96 range.
Fxstreet
Mon, Jul 6
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