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Australian Dollar recovers as US Dollar eases on profit-taking
AUD/USD is recovering near 0.6900 on Friday as the US Dollar (USD) weakens, with investors taking profits ahead of the end of the semester after a two-week rally in the Greenback. The move helped the Australian Dollar (AUD) recover some intraday ground, although the full picture remains negative.
Fxstreet
Fri, Jun 26
British Pound steadies against the Japanese Yen as markets assess UK politics and Japan intervention risks
GBP/JPY trades in a narrow range on Friday as traders weigh the latest UK political developments against lingering intervention risks from Japanese authorities, with USD/JPY holding above the 160.00 level.
Fxstreet
Fri, Jun 26
Japanese Yen strengthens on BoJ hike expectations, rising intervention risks
USD/JPY edges lower on Friday and trades around 161.60 at the time of writing after once again failing to sustain a move above the 162.00 mark. The pair is facing profit-taking as investors remain cautious over the risk of intervention by Japanese authorities to support the domestic currency.
Fxstreet
Fri, Jun 26
New Zealand Dollar stabilizes after US inflation data as RBNZ hold expectations cap upside
NZD/USD trades around 0.5650 on Friday, up 0.05% at the time of writing, as the New Zealand Dollar (NZD) remains under pressure despite a weaker US Dollar (USD) following the latest US inflation data.
Fxstreet
Fri, Jun 26
Swiss Franc strengthens as US Dollar loses momentum following US PCE inflation data
USD/CHF edges lower on Friday, retracing all the gains recorded this week as the US Dollar (USD) rally loses momentum following the latest US Personal Consumption Expenditures (PCE) data, which broadly came in line with expectations and showed that underlying inflationary pressures remain relatively
Fxstreet
Fri, Jun 26
Mexican Peso: Under pressure as Banxico pauses – Societe Generale
Societe Generale strategists note USD/MXN has held key lows near 17.10 and is now trying to break out from a small base formation. Initial resistance is at the 200-day moving average around 17.80, with a recent low at 17.30 acting as support.
Fxstreet
Fri, Jun 26
Turkish Lira: Easing talk risks lira volatility – Commerzbank
Commerzbank’s Tatha Ghose warns that CBRT governor Karahan is again signalling premature monetary easing, considering a return to one-week repo auctions that would lower effective funding costs toward the 37% policy rate.
Fxstreet
Fri, Jun 26
Mexican Peso: Stable summer trading view against US Dollar – Rabobank
Rabobank strategists Christian Lawrence and Molly Schwartz note that Banxico’s June 25 decision highlighted an unchanged policy rate at 6.50%, in line with consensus. They expect Banxico to stay on hold through year-end, mirroring their stance on the Bank of Canada (BoC) and Federal Reserve (Fed).Fxstreet
Fri, Jun 26
162.00: Why the Japanese Yen is still trading near intervention levels despite inflation closing in on the BoJ target
The Japanese Yen (JPY) is finding a firmer fundamental floor as inflation in the Greater Tokyo Area edges closer to the Bank of Japan’s (BoJ) 2% target. While the Yen has shown recent stability against the US Dollar, it remains locked in a high-stakes tug-of-war.Fxstreet
Fri, Jun 26
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