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Canadian Dollar dips as Fed hawkish outlook, weaker Oil pressure CAD
USD/CAD trades around 1.4130 on Thursday, up 0.21% on the day, as the US Dollar (USD) maintains a positive tone following the Federal Reserve’s (Fed) monetary policy decision. The pair continues to hold above the 1.4100 level, supported by a reassessment of US interest rate expectations.
Fxstreet
Thu, Jun 18
British Pound hits fresh two-month lows sub-1.3220 as BoE stands pat on rates
The British Pound (GBP) remains on the defensive against the US Dollar (USD) on Thursday, with the GBP/USD pair hitting fresh two-month lows near 1.3200, following the Bank of England’s (BoE) decision to leave interest rates unchanged.
Fxstreet
Thu, Jun 18
New Zealand Dollar dips as stronger growth, risk optimism fail to offset hawkish Fed
NZD/USD trades around 0.5765 at the time of writing on Thursday, down a modest 0.07% on the day. The pair struggles to extend its rebound despite solid economic data from New Zealand, while the US Dollar (USD) continues to draw support from the Federal Reserve’s (Fed) more hawkish stance.
Fxstreet
Thu, Jun 18
Australian Dollar remains in positive territory after paring recent gains
AUD/USD pares its daily gains, remaining in the positive territory and trading around 0.7010 during the European hours on Thursday. The pair appreciated as the Australian Dollar (AUD) received support from prevailing hawkish sentiment surrounding the Reserve Bank of Australia’s (RBA) policy outlook.
Fxstreet
Thu, Jun 18
USD/JPY Price Forecast: Consolidates above 160.50, two-year high amid intervention risks
The USD/JPY pair extends its sideways consolidative price move through the early European session on Thursday and trades just above mid-160.00s, near the highest level since July 2024, touched the previous day.
Fxstreet
Thu, Jun 18
British Pound holds gains vs JPY after UK jobs data; lacks bullish conviction ahead of BoE
The GBP/JPY cross builds on its steady intraday recovery from a one-and-a-half-week low, touched earlier this Thursday, and reclaims the 214.00 mark following the release of the UK monthly employment details.
Fxstreet
Thu, Jun 18
EUR/JPY Price Forecast: Trades above 185.00 after rebounding from ascending channel bottom
EUR/JPY gains ground after registering modest losses in the previous day, trading around 185.10 during the early European hours on Thursday. The currency cross holds a capped tone as spot has slipped just under the nine-period and 50-period Exponential Moving Averages (EMAs).
Fxstreet
Thu, Jun 18
USD/CAD Price Forecast: Gains ground above 1.4100, but overbought signals flag pullback risk
The USD/CAD pair trades on a positive note near 1.4105 during the early European trading hours on Thursday. The US Dollar (USD edges higher against the Canadian Dollar (CAD) after a hawkish hold by the Federal Reserve (Fed) triggered rate-hike bets despite a US-Iran deal.Fxstreet
Thu, Jun 18
Euro trims gains against the British Pound after UK jobs data, BoE rate decision looms
The EUR/GBP cross pares gains near 0.8650 during the early European trading hours on Thursday. The British Pound (GBP) trades flat against the Euro (EUR) following the UK employment report. All eyes will be on the Bank of England (BoE) interest rate decision later on Thursday.Fxstreet
Thu, Jun 18
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