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GBP/JPY treads water above 195.50, maintains position near five-month highs
GBP/JPY remains subdued for the third consecutive day, trading around 195.60 during the early European hours on Wednesday. However, the currency cross maintains its position near a five-month high of 196.45, which was recorded on Tuesday, with hopes of further gains.
Fxstreet
Wed, Jun 11
USD/CAD trades above 1.3650 as easing US-China tensions offset impact of higher Oil prices
USD/CAD retraces its recent losses, trading around 1.3680 during the Asian hours on Wednesday. However, the upside of the USD/CAD pair could be limited as the commodity-linked Canadian Dollar (CAD) possibly receives support from the improved crude Oil prices.
Fxstreet
Wed, Jun 11
Crypto funds' assets hit record high as investors hedge and diversify
By Patturaja MurugaboopathyJune 9 (Reuters) - Assets held in crypto funds hit a record high in May as easing trade tensions lifted risk appetite and some investors used the digital currencies to hedge against market volatility and diversify from their U.S. holdings.Morningstar data on 294 crypto fu...Reuters
Wed, Jun 11
FOREX-Dollar, yuan steady as US-China trade truce provides little clarity
Dollar edges higher after U.S.-China trade framework agreementU.S. Commerce Secretary Lutnick says trade truce back on trackInvestors await U.S. inflation report, 10-year bond auction Sterling steady as UK to unveil multi-year spending plans By Johann M Cherian June 11 (Reuters) - The dollar ...Reuters
Wed, Jun 11
Japan's shift to cashless society prods BOJ call for payment innovation
Japan's cashless payment ratio hits 42.8% in 2024BOJ policymakers call for action to keep settlements attractiveCBDC could become critical infrastructure in Japan, Uchida saysNo guarantee central bank currency will retain key settlement statusBy Leika Kihara TOKYO, June 11 (Reuters) - Bank of...Reuters
Wed, Jun 11
EUR/GBP sits near one-month peak, comfortably above mid-0.8400s amid rising BoE rate cut bets
The EUR/GBP cross touched a one-month high, around the 0.8465-0.8470 region during the Asian session on Wednesday, though it lacks follow-through buying. The fundamental backdrop, however, suggests that the path of least resistance for spot prices is to the upside.
Fxstreet
Wed, Jun 11
AUD/JPY clings to gains near 94.50 as investors doubt BoJ’s rate hike plans
The AUD/JPY pair holds onto four-day rally to near 94.50 during Asian trading hours on Wednesday. The cross exhibits strength as investors start doubting over whether the Bank of Japan (BoJ) will raise interest rates again this year.
Fxstreet
Wed, Jun 11
EUR/JPY Price Forecast: Retains bullish bias above 165.50
The EUR/JPY cross posts modest gains near 165.50 during the early European session on Tuesday. The Japanese Yen (JPY) softens against the Euro (EUR) amid the improved risk sentiment as positive developments from US-China trade talks undermine the JPY's safe-haven status.
Fxstreet
Wed, Jun 11
EUR/USD holds losses near 1.1400 due to easing tariff tensions between US, China
EUR/USD loses ground after registering gains in the previous two consecutive sessions, trading around 1.1400 during the Asian hours on Wednesday. The pair depreciates as the US Dollar receives support from easing tariff tensions between the United States (US) and China.
Fxstreet
Wed, Jun 11
USD/INR refreshes weekly low even as US-China signals to ease export controls
The Indian Rupee (INR) posts a fresh weekly high near 85.47 against the US Dollar (USD) in the opening session on Wednesday. The US Dollar trades calmly after the White House signaled a positive outcome from the two-day meeting between trade negotiators from the United States and China in London.Fxstreet
Wed, Jun 11
GBP/USD extends downside below 1.3500 ahead of US CPI release
The GBP/USD pair extends the decline to around 1.3475 during the Asian trading hours on Wednesday. The Pound Sterling (GBP) weakens against the US Dollar (USD) due to a weaker UK employment report. Later on Wednesday, the attention will shift to the US May Consumer Price Index (CPI) inflation.
Fxstreet
Wed, Jun 11
FOREX-Dollar, yuan steady after US, China reach framework deal to ease export curbs
Dollar steady after U.S.-China trade framework agreementU.S. Commerce Secretary Lutnick confirms trade truce back on trackInvestors await U.S. inflation report, 10-year bond auction Sterling steady as UK to unveil multi-year spending plans By Johann M Cherian June 11 (Reuters) - The dollar an...Reuters
Wed, Jun 11
Silver Price Forecast: XAG/USD maintains position above $36.50 near 13-year highs
Silver price (XAG/USD) holds ground after registering over a 0.50% loss in the previous session, trading around $36.60 per troy ounce during the Asian hours on Wednesday. The price of the grey metal maintains a position near a 13-year high of $36.89, which was reached on Monday.
Fxstreet
Wed, Jun 11
Australia, New Zealand dollars slip after US and China agree trade framework
SYDNEY, June 11 (Reuters) - The Australian and New Zealand dollars slipped on Wednesday after the U.S. and China agreed on the framework of a deal aimed at easing trade tension, an outcome markets had largely priced in after days of positive messaging.The Aussie AUD=D3 eased 0.2% to $0.6509, having ...Reuters
Wed, Jun 11
Australian Dollar loses ground as US Dollar advances amid improving US-China dialogue
The Australian Dollar (AUD) declines against the US Dollar (USD) on Wednesday, retracing its recent gains. However, the AUD/USD pair may gain ground amid easing trade tensions between the United States (US) and China.
Fxstreet
Wed, Jun 11
