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New Zealand Dollar drifts higher on hawkish RBNZ stance, traders eye on Middle East tensions
The NZD/USD pair gains ground to near 0.5875, snapping the three-day losing streak during the early European session on Thursday. The potential upside for the New Zealand Dollar (NZD) might be limited as fresh Gulf hostilities sent oil prices higher and sapped risk appetite.
Fxstreet
Thu, Jun 4
Indian Rupee starts flat, higher oil prices keep outlook uncertain
The Indian Rupee (INR) opens flat against the US Dollar (USD) on Thursday after a strong Wednesday. The USD/INR pair holds onto previous day’s gains around 95.72 as oil prices remain higher, with United States (US)-Iran negotiations remaining in deadlock.
Fxstreet
Thu, Jun 4
USD/JPY Price Forecast: Trades below 160.00 intervention threshold; bullish bias intact
The USD/JPY pair attracts some sellers during the Asian session on Thursday amid fears that authorities will step in again to prop up the Japanese Yen (JPY). Furthermore, the Israel-Lebanon truce prompts some profit-taking around the US Dollar (USD) and exerts downward pressure on the currency pair.
Fxstreet
Thu, Jun 4
EUR/JPY Price Forecast: Holds modest gains above 185.50, bullish bias remains intact
The EUR/JPY cross posts modest gains around 185.65 during the early European session on Thursday. The potential upside might be limited for the cross amid fears of foreign exchange intervention from Japanese authorities.
Fxstreet
Thu, Jun 4
Swiss Franc rises as USD slips on Israel-Lebanon ceasefire news
USD/CHF halts its three-day winning streak, trading around 0.7910 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) loses ground on easing risk aversion following the news that Israel and Lebanon on Wednesday agreed to renew a ceasefire.
Fxstreet
Thu, Jun 4
Australian Dollar edges higher as Trade Balance shifts back into surplus
The AUD/USD pair gathers strength to around 0.7135 during the early Asian session on Thursday. The Australian Dollar edges higher against the US Dollar (USD) following the domestic Trade Balance data. The US May Nonfarm Payrolls (NFP) report will take center stage later on Friday.
Fxstreet
Thu, Jun 4
Australia’s Trade Balance shows a surplus in April: What 1,791M surplus means for AUD/USD
Australia's Trade Balance shifted to surplus of 1,791M MoM in April, followed a deficit of 1,024M in the previous reading (revised from $1,841M), according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.Fxstreet
Thu, Jun 4
Japanese Yen gains as easing risk aversion weighs on USD
USD/JPY halts its four-day winning streak, trading around 159.90 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) loses ground amid easing risk aversion following the news that Israel and Lebanon on Wednesday agreed to renew a ceasefire.Fxstreet
Thu, Jun 4
Forex Today: US Dollar strength persists as traders turn focus to NFP
The US Dollar Index (DXY) trades with a firmer tone near the 99.50 price region as a stronger-than-expected United States (US) ISM Services Purchasing Managers Index (PMI) rose to 54.5 in May from 53.6 in April, highlighting the resilience of the US economy and supporting Treasury yields.Fxstreet
Wed, Jun 3
Silver Price Forecast: XAG/USD stuck in range, bears eye $73.00
Silver halts its advance and plunges over 2% on Wednesday amid growing speculation that a resumption of hostilities between the US and Iran—which exchanged fire overnight—increases the chances that major central banks will hike rates, a headwind for the non-yielding metal.
Fxstreet
Wed, Jun 3
Japanese Yen: Markets eye 160 versus US Dollar on hawkish BoJ – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Japanese Yen (JPY) is marginally stronger, with USD/JPY stabilizing just below the key 160 resistance area. They stress that intervention risk remains elevated as the pair approaches this psychologically important level.Fxstreet
Wed, Jun 3
New Zealand Dollar weakens for third day as US-Iran tensions bolster Dollar
NZD/USD falls to around 0.5870 on Wednesday at the time of writing, down 0.97% on the day. The pair extends its bearish move for a third consecutive day as investors favor the US Dollar (USD) amid escalating geopolitical tensions in the Middle East.Fxstreet
Wed, Jun 3
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