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FOREX-Euro hits highest since late 2021, safe-haven Swiss franc and yen jump
Euro jumps along with safe-haven Swiss franc and yenGeopolitical risks in focusTrump says he'll send out letters with terms for trade dealsUS PPI data due later on ThursdayBy Stefano Rebaudo June 12 (Reuters) - The euro hit its highest level in almost four years against the U.S. dollar as...Reuters
Thu, Jun 12
USD/JPY: Increase in momentum is not sufficient to indicate a sustained advance – UOB Group
The current price movements are likely part of a range trading phase between 143.60 and 145.10. In the longer run, Increase in momentum is not sufficient to indicate a sustained advance just yet; US Dollar (USD) must first break and hold above 145.50, UOB Group's FX analysts Quek Ser Leang and Pete
Fxstreet
Thu, Jun 12
UK economy shrinks by the most since 2023 as US tariffs hit
GDP falls larger-than-expected 0.3% in April ONS cites end of property tax break, US tariff impactGoods exports to US drop by record 2 billion poundsSterling weakened against dollar, gilt yields fellBy Suban Abdulla and David Milliken LONDON, June 12 (Reuters) - Britain's economy slowed sharp...Reuters
Thu, Jun 12
NZD/USD: Likely to trade in a sideways range of 0.6015/0.6055 – UOB Group
New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.6015/0.6055 against US Dollar (USD). In the longer run, upward momentum remains largely unchanged, but there is a chance for NZD to test 0.6095, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Jun 12
AUD/USD: Expected to trade in a range – UOB Group
Australian Dollar (AUD) is expected to trade in a range against US Dollar (USD), likely between 0.6490 and 0.6535. In the longer run, bias remains on the upside, but it remains to be seen if AUD can break clearly above 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Jun 12
GBP/USD: Unlikely to reach 1.3620 for now – UOB Group
Further rebound is not ruled out, but Pound Sterling (GBP) is unlikely to reach 1.3620 against US Dollar (USD). In the longer run, GBP appears to have moved into a 1.3495/1.3620 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Jun 12
EUR/USD: Likely to continue rising towards 1.1575 – UOB Group
Scope for Euro (EUR) to continue to rise; the major resistance at 1.1535 is probably out of reach for now. In the longer run, EUR could continue to rise to 1.1535; it is too early to tell if there is enough momentum for it to reach 1.1575, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Jun 12
NZD/USD Price Forecast: Tests nine-day EMA support near 0.6000
NZD/USD is extending its losses for the second successive session, trading around 0.6020 during the European hours on Thursday. The technical analysis of the daily chart suggests a bullish bias as the pair moves upwards within an ascending channel pattern.Fxstreet
Thu, Jun 12
GBP/JPY extends losses below 195.00 following soft UK GDP data
The Pound accelerates its reversal against the Japanese Yen and is nearing the bottom of the last week's trading range, at 194.70 hammered by downbeat UK monthly GDP and manufacturing production figures.Higher taxes and Trump’s tariff turmoil hit the UK economy in April, and the GDP shrank at a 0.3
Fxstreet
Thu, Jun 12
USD/CHF Price Forecast: Trades below 0.8200 after retreating from nine-day EMA barrier
The USD/CHF pair continues to lose ground for the second consecutive day, trading around 0.8170 during the European hours on Thursday. However, the bearish bias is prevailing as the pair moves downwards within the descending channel pattern, indicated by the daily chart’s technical analysis.
Fxstreet
Thu, Jun 12
FOREX-Dollar hits 7-week lows, focus on rate outlook, trade talks
Trump says he is willing to extend deadline for trade talksEuro rises to seven-week highU.S. PPI data due later on ThursdayBy Rae Wee and Stefano Rebaudo June 12 (Reuters) - The dollar slid on Thursday on heightened expectations of Federal Reserve rate cuts this year and lingering uncertainty ove...Reuters
Thu, Jun 12
