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USD/CHF Price Forecast: Inverted head-and-shoulders form, eyes on 0.80
The USD/CHF advances some 0.30% on Monday, as an inverted ‘head-and-shoulders’ chart pattern is confirmed, along with price action leaving the 200-day Simple Moving Average (SMA) below the current spot price. The pair trades near 0.7981.
Fxstreet
Mon, Jun 8
South Korean Won: Authorities step up FX defence – BNY
BNY’s Bob Savage highlights that South Korean policymakers held an emergency meeting and vowed stern action against speculative FX activity as USD/KRW trades at its weakest since 2009. The National Pension Service has resumed forward FX selling under a higher hedge ratio framework.Fxstreet
Mon, Jun 8
Canadian Dollar softens as Gulf peace hopes weigh on Oil prices
USD/CAD trades in a narrow range on Monday, with the Canadian Dollar (CAD) struggling to capitalize on a softer US Dollar (USD) as a mild pullback in Crude Oil prices weighs on the commodity-linked Loonie. At the time of writing, the pair trades around 1.3950, holding near two-month highs.
British Pound edges higher as Iran-Israel halt hostilities
The Pound Sterling registers modest gains of 0.10% on Monday as risk appetite improved despite attacks exchanged between Iran and Israel, which agreed to halt fire as US President Donald Trump demanded the end of shooting, to resume talks between Washington and Tehran.
Fxstreet
Mon, Jun 8
Japanese Yen struggles to gain traction despite softer US Dollar
USD/JPY holds firm on Monday as traders track rapidly changing headlines from the Middle East. Lingering concerns about another intervention by Japanese authorities also limit the pair's upside as the Japanese Yen (JPY) once again tests the 160.00 level against the US Dollar (USD).
British Pound: Growth risks and politics weigh against US Dollar – BBH
Brown Brothers Harriman’s Elias Haddad (BBH) highlights downside risks for the Pound as UK GDP is expected to contract in Q2 and markets price further Bank of England (BoE) hikes due to second-round inflation effects.Fxstreet
Mon, Jun 8
Euro edges lower vs Japanese Yen as BoJ tightening bets support JPY
EUR/JPY trades around 184.10 on Monday at the time of writing, down 0.32% on the day, as the Japanese Yen (JPY) continues to benefit from a favorable backdrop driven by expectations of higher interest rates in Japan and renewed warnings from Japanese authorities regarding currency weakness.
Fxstreet
Mon, Jun 8
Australian Dollar: Risk extends toward 0.7000 against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann flag that AUD/USD posted its second-largest one‑day loss of the year, dropping toward 0.7040. Near term, the pair may test 0.7020, though a sustained break below is seen as unlikely.Fxstreet
Mon, Jun 8
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