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Euro trims losses but Fed rate-hike bets keep gains in check
The Euro (EUR) stages a rebound against the US Dollar (USD) on Tuesday as month-end repositioning weighs modestly on the Greenback, limiting support from upbeat US economic data. At the time of writing, EUR/USD trades around 1.1415 after hitting an intraday low of 1.1382.
Fxstreet
Tue, Jun 30
British Pound holds firm as political stability offsets UK growth miss
The Pound Sterling advances 0.11% on Tuesday, even though UK data showed the economy is slowing, while the latest US jobs report showed that the number of vacancies rose in May, according to the US Bureau of Labour Statistics. The GBP/USD trades at 1.3270.
Fxstreet
Tue, Jun 30
Silver Price Forecast: XAG/USD attempts to reclaim $60 as bearish trend persists
Silver (XAG/USD) edges higher on Tuesday as the US Dollar (USD) trims part of its intraday gains despite upbeat US economic data. At the time of writing, XAG/USD trades around $59.70, up nearly 2.5% on the day.
Fxstreet
Tue, Jun 30
Euro: Resistance at 1.1450 caps upside against US Dollar – Scotiabank
Scotiabank’s FX strategists report that EUR/USD is softer as regional inflation data point to downside risks for national CPI, even as ECB President Lagarde signals that more tightening could come. Swaps price modest additional tightening by September.Fxstreet
Tue, Jun 30
Canadian Dollar gains after Canada's GDP growth tops forecasts
USD/CAD trims its intraday gains on Tuesday as the Canadian Dollar (CAD) strengthens after the latest Canadian Gross Domestic Product (GDP) data surprised to the upside. At the time of writing, the pair trades around 1.4203 after hitting an intraday high of 1.4247.
Fxstreet
Tue, Jun 30
Euro stabilizes vs Yen amid softer German inflation, Japan intervention warnings
EUR/JPY trades modestly higher on Tuesday, hovering around 185.10 at the time of writing, up 0.07% on the day. The pair is supported by a resilient Euro (EUR) despite softer-than-expected German inflation data.
Fxstreet
Tue, Jun 30
Indian Rupee: Range trade persists against US Dollar – Societe Generale
Societe Generale strategists note that USD/INR is trading in a tight range, with robust foreign portfolio inflows into Indian debt and supportive domestic factors offset by a hawkish Federal Reserve (Fed) stance.
Fxstreet
Tue, Jun 30
British Pound trades sideways against the Japanese Yen as traders weigh intervention risks
GBP/JPY trades in a narrow range on Tuesday, struggling to build on the previous day's gains as traders remain wary of a possible intervention by Japanese authorities after the Japanese Yen (JPY) weakened to a fresh 40-year low against the US Dollar (USD).
Australian Dollar steadies as hawkish RBA minutes meet firm US Dollar ahead of labor data
AUD/USD trades around 0.6890 on Tuesday, holding steady on the day as investors digest the latest Reserve Bank of Australia (RBA) monetary policy meeting Minutes while remaining cautious ahead of key US labor market data.Fxstreet
Tue, Jun 30
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