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Canadian Dollar strengthens despite hawkish Fed expectations
The USD/CAD pair edges lower to around 1.4205 during the Asian trading hours on Wednesday. Nonetheless, the potential downside for the pair might be limited amid rising expectations of a Federal Reserve (Fed) rate hike this year.
Fxstreet
Wed, Jun 24
Australian Dollar bulls seem hesitant on mixed CPI data; hangs near April lows vs USD
The AUD/USD pair attracts some buyers following the release of softer Australian consumer inflation figures during the Asian session on Wednesday and reverses a part of the previous day's slump to the 0.6900 mark, or its lowest level since early April.
Fxstreet
Wed, Jun 24
New Zealand Dollar weakens as US Dollar rises on Middle East risks, firm US data
NZD/USD continues its losing streak for the sixth consecutive day, trading around 0.5660 during the Asian hours on Wednesday. The pair weakens as the US Dollar (USD) gains ground in a highly complex geopolitical landscape.
Fxstreet
Wed, Jun 24
Japanese Yen holds steady near 161.50 as traders are on high alert for currency intervention
The USD/JPY pair trades on a flat note around 161.60 during the early Asian trading hours on Wednesday. Increased expectations of a Federal Reserve (Fed) rate hike this year could underpin the US Dollar (USD) against the Japanese Yen (JPY).
Fxstreet
Wed, Jun 24
Australian Dollar tumbles as risk aversion and Fed bets lift the USD
The Australian Dollar collapsed by over 1.20% on Tuesday as risk aversion favoured flows into the Greenback amid expectations of higher US interest rates, while the Aussie fell. The AUD/USD trades at 0.6915 after dropping from daily highs of 0.7005.Fxstreet
Tue, Jun 23
Forex Today: US Dollar surges to 13-month high as traders assess Global flash PMIs
The US Dollar Index (DXY) surged to a one-year high near 101.40 on Tuesday as investors digested the latest S&P Global US Purchasing Managers Index (PMI), which showed business activity remained resilient. The Manufacturing PMI rose to 55.7 in June, its highest level since May 2022.Fxstreet
Tue, Jun 23
Swiss Franc falls vs USD, climbs against Euro in mixed trade
The Swiss Franc extends its losses for the fifth straight trading day against the Greenback, down 0.15%, as risk appetite sours amid the AI rout and expectations that the Federal Reserve could raise rates later this year. At the time of writing, the USD/CHF trades at 0.8100
Fxstreet
Tue, Jun 23
Japanese Yen: Steadies as USD/JPY rally tires – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report the Japanese Yen (JPY) is slightly firmer, outperforming G10 peers despite broad US Dollar (USD) strength, as stronger PMIs signal improving growth. They see signs of exhaustion in USD/JPY’s advance with yield spreads stabilizing.Fxstreet
Tue, Jun 23
Euro stabilizes against British Pound as weak UK PMIs contrast with resilient Eurozone activity
EUR/GBP trades little changed on Tuesday after a sharp slide the previous day, triggered by UK Prime Minister Keir Starmer's resignation, which lifted the British Pound (GBP) across the board.
Fxstreet
Tue, Jun 23
Japanese Yen trades in neutral zone as investors assess US PMIs and ADP data
The USD/JPY pair is trading in a neutral zone on Tuesday as investors digest the latest United States (US) Purchasing Managers Index (PMI) figures and recent ADP employment data, awaiting a stronger catalyst from Federal Reserve (Fed) commentary.Fxstreet
Tue, Jun 23
British Pound falls amid UK political uncertainty, hot US PMI
The Pound Sterling dives over 0.40% on Tuesday as risk appetite shifts sour, as the recently sworn-in MP Andy Burnham prepares to succeed Keir Starmer, who lasted two years at the job. At the time of writing, the GBP/USD trades at 1.3195, after reaching a daily high of 1.3259.Fxstreet
Tue, Jun 23
British Pound: Fiscal worries cap recovery against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the British Pound (GBP) is softer versus the US Dollar (USD) after mildly disappointing Purchasing Managers' Index (PMI) and CBI data, with market reaction muted.Fxstreet
Tue, Jun 23
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