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Indian Rupee edges up against US Dollar, ignores rising oil prices
The Indian Rupee (INR) ticks higher against the US Dollar (USD) in the opening session on Wednesday. The USD/INR pair edges down to near 95.00 despite renewed geopolitical risks, following United States (US) attacks on Iran, which have lifted oil prices.
Fxstreet
Wed, Jul 8
Silver climbs above $60.00 despite US–Iran tensions, Fed minutes in focus
Silver price (XAG/USD) attracts some buyers to near $60.35, snapping the two-day losing streak during the early European session on Wednesday. The white metal edges higher amid a softer US Dollar (USD) ahead of the release of the June FOMC meeting Minutes.Fxstreet
Wed, Jul 8
Swiss Franc weakens as US Dollar advances on renewing US-Iran tensions
USD/CHF extends its gains for the third successive day, trading around 0.8090 during the Asian hours on Wednesday. The pair appreciates as the Greenback receives support from safe-haven demand amid renewing geopolitical tensions.
Fxstreet
Wed, Jul 8
British Pound declines to near 1.3350 as US launches strikes on Iran
The GBP/USD pair loses traction to near 1.3355 during the Asian trading hours on Wednesday. The US Dollar (USD) edges higher against the British Pound (GBP) amid renewed geopolitical tensions after the US renewed strikes on Iran.
Fxstreet
Wed, Jul 8
Japanese Yen edges higher as intervention fears return
The USD/JPY pair trades with mild losses near 162.35 during the early Asian session on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) as traders continue to watch for signs of possible intervention by Japanese authorities to support the currency.
Fxstreet
Wed, Jul 8
Australian Dollar drops as Hormuz strikes spark US Dollar rush
The Australian Dollar retreats to two-day lows during the week, down 0.39%, as the US Dollar surges amid rising tensions in the Middle East. At the time of writing, the AUD/USD trades at 0.6928, having reached a daily high of 0.6961.Fxstreet
Tue, Jul 7
Euro watches its best arguments sink in the Strait of Hormuz
The Euro spent Tuesday assembling the sort of case that should buy a currency a bid: hawkish-leaning remarks from an unlikely corner of the European Central Bank (ECB), a softening American payrolls proxy, and a Federal Reserve (Fed) regional president content to say nothing new.Fxstreet
Tue, Jul 7
GBP/JPY Price Forecast: Struggles at 217.00, recoils towards 216.50
The GBP/JPY reverses course on Tuesday, loses 0.24% as the Japanese Yen recovered some ground against most G8 FX currencies, except for the US Dollar. At the time of writing, the cross-pair trades at 216.51 after reaching a multi-year high of 217.22.
Fxstreet
Tue, Jul 7
Japanese Yen stays subdued below 161.90 as Fed caution limits Dollar weakness
USD/JPY trades slightly negative below the 161.90 area as the Japanese Yen (JPY) finds modest support, while the US Dollar (USD) remains underpinned by cautious remarks from New York Fed President John Williams and lingering inflation concerns.Fxstreet
Tue, Jul 7
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