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British Pound: Upside risk toward resistance against US Dollar – UOB
According to UOB’s Quek Ser Leang, GBP/USD’s sharp rebound has left scope to test major resistance at 1.3445, though a clear break is seen as unlikely in the near term. Short-term support lies at 1.3390 and 1.3360.
Fxstreet
Fri, Jul 10
NZD/USD Price Forecast: Gathers strength above 0.5750, but remains below key technical resistance
The NZD/USD pair trades in positive territory around 0.5775 during the early European session on Friday. The New Zealand Dollar (NZD) gathers strength to its strongest level in three weeks against the US Dollar (USD) on a hawkish rate hike from the Reserve Bank of New Zealand (RBNZ).
Fxstreet
Fri, Jul 10
Euro consolidates near 1.1450 as German data confirms easing inflationary pressures
The Euro (EUR) holds minor gains against a somewhat softer US Dollar (USD) on Friday. The pair edged up to the mid-range of the 1.1400s, but it has failed to find acceptance above the top of the last two weeks' trading range, in the area of 1.1475, and is set to close the week practically unchanged.Fxstreet
Fri, Jul 10
Japanese Yen rises as Japan urges pension funds to invest in domestic assets
The USD/JPY pair tumbles to around 161.50 during the early European trading hours on Friday. The Japanese Yen (JPY) edges higher against the US Dollar (USD) after the reports that Japan plans to encourage pension funds to increase their holdings of domestic financial assets.
Fxstreet
Fri, Jul 10
Canada Unemployment Rate expected to remain at 6.6% in June
Markets are anticipating a fairly stable report when Statistics Canada releases its Labour Force Survey on Friday. While the Net Change in Employment is predicted to rise by 10K in June, adding to the 87.8K gain in May, the Unemployment Rate is forecast to stay at 6.6%.
Fxstreet
Fri, Jul 10
Australian Dollar retreats from over two-week high, up a little around 0.6950 vs USD
The AUD/USD pair attracts buyers for the second straight day and climbs to a two-and-a-half-week top, around the 0.6970 area, during the Asian session on Friday. Spot prices, however, retreat a few pips in the last hour and currently trade around mid-0.6900s, still up 0.10% for the day.
Fxstreet
Fri, Jul 10
GBP/USD Price Forecast: Edges higher above 1.3400, bullish outlook remains intact
The GBP/USD pair trades in positive territory around 1.3430 during the early European trading hours on Friday. The UK government leadership transition and growing expectations of further Bank of England (BoE) interest rate hikes underpin the British Pound (GBP) against the US Dollar (USD).Fxstreet
Fri, Jul 10
Canadian Dollar strengthens as receding Fed rate hike bets weigh US Dollar
The USD/CAD pair loses momentum to near 1.4145 during the early European session on Friday. The US Dollar (USD) weakens against the Canadian Dollar (CAD) on receding expectations of a rate increase from the US Federal Reserve (Fed).Fxstreet
Fri, Jul 10
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