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Euro stalls as Oil shock keeps the US Dollar in play
The Euro consolidates within familiar levels on Tuesday, flatlines around 1.1630s as the US Dollar recovers some ground, underpinned by high Oil prices amid halted US-Iran talks, even though US President Donald Trump says this is fake news.
Fxstreet
Tue, Jun 2
South Korean Won: AI support versus Hormuz risks – MUFG
MUFG’s Michael Wan argues that strong AI-related demand and semiconductor exports are offsetting Strait of Hormuz spillovers for some Asian markets, especially South Korea. He highlights hawkish Bank of Korea signals, robust exports and inflation, and expects South Korean rates to stay sticky.Fxstreet
Tue, Jun 2
Silver Price Forecast: XAG/USD struggles to regain momentum below 50-day SMA
Silver (XAG/USD) pulls back from intraday highs on Tuesday as the US Dollar (USD) rebounds amid lingering uncertainty over whether the United States and Iran can reach a deal to end the three-month-old war.Fxstreet
Tue, Jun 2
Canadian Dollar gains on risk tensions, firm US labor data
USD/CAD edges lower toward 1.3830 on Tuesday at the time of writing, as the US Dollar (USD) pauses after its recent advance. The pair gives back part of its latest gains despite a geopolitical backdrop that continues to favor safe-haven demand.
Fxstreet
Tue, Jun 2
Euro firms as traders weigh conflicting US-Iran headlines, stronger Eurozone inflation data
EUR/USD holds firm on Tuesday as traders react to conflicting headlines surrounding US-Iran negotiations. At the time of writing, the pair trades around 1.1639 after touching a daily high near 1.1655.Fxstreet
Tue, Jun 2
British Pound climbs as Trump-calmed tensions, lifting risk mood
The Pound Sterling rose by some 0.19% on Tuesday as traders remained optimistic about a peace deal between the US and Iran, even though geopolitical uncertainty remains. The GBP/USD trades at around 1.3470 after bouncing off daily lows of 1.3446.
Fxstreet
Tue, Jun 2
Japanese Yen: Intervention risk seen underpriced against US Dollar – ING
ING’s Francesco Pesole warns that USD/JPY short-dated implied volatility is not reflecting renewed intervention risk as the pair retests 160.0. Markets seem to expect the Bank of Japan’s June meeting to help cap the pair.Fxstreet
Tue, Jun 2
Japanese Yen: BoJ expectations clash with intervention risk – BNY
BNY’s Bob Savage highlights a strong JGB auction and falling yields as markets price a 76% chance of a Bank of Japan (BoJ) rate hike this month. Despite this, USD/JPY remains near 160 for a fourth day, with Japanese officials issuing repeated intervention warnings.Fxstreet
Tue, Jun 2
New Zealand Dollar: RBNZ cycle and consolidation against AUD – TD Securities
TD Securities strategists focus on AUD/NZD after a sharp post-RBNZ selloff. They argue the start of the Reserve Bank of New Zealand (RBNZ) hiking cycle versus a peaking Reserve Bank of Australia (RBA) cycle should cap the prior AUD/NZD uptrend, but expect short-term consolidation.
Euro: Neutral tone within defined band against dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann describe EUR/USD as neutral after Monday’s reversal from 1.1606 to close at 1.1630. They expect the pair to consolidate intraday between 1.1610 and 1.1660, while the broader 1.1590–1.1685 range remains in force.Fxstreet
Tue, Jun 2
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