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Japanese Yen moves away from three-week top as tenuous US-Iran ceasefire benefits USD
The USD/JPY pair builds on the previous day's modest bounce from sub-158.00 levels, or a nearly three-week low, and gains some positive traction during the Asian session on Thursday. Spot prices climb back closer to the 159.00 mark in the last hour and draw support from a combination of factors.
USD/JPY
Fxstreet
Thu, Apr 9
PBOC sets USD/CNY reference rate at 6.8649 vs. 6.8680 previous
On Thursday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8649 compared to the previous day's fix of 6.8680 and 6.8315 Reuters estimate.
USD/CNH
Fxstreet
Thu, Apr 9
EUR/USD softens to near 1.1650 as Middle East tensions lift US Dollar
The EUR/USD pair trades with mild losses around 1.1655 during the early Asian session on Thursday. The Euro (EUR) softens against the US Dollar (USD) amid uncertainty surrounding the two-week ceasefire between the United States (US) and Iran.
EUR/USD
Fxstreet
Thu, Apr 9
GBP/USD pulls back from 1.3485 as fragile ceasefire clouds outlook
GBP/USD surged more than 1% on Wednesday after the US and Iran agreed to a Pakistan-brokered two-week ceasefire, pushing Cable to a session high close to 1.3485.
GBP/USD
Fxstreet
Wed, Apr 8
USD/JPY tests 158.00 as ceasefire saps safe-haven demand
USD/JPY fell around 0.66% on Wednesday, retreating from the session high near 160.00 to settle close to 158.50.
USD/JPY
Fxstreet
Wed, Apr 8
AUD/USD stalls below 0.7100 as ceasefire euphoria fades
AUD/USD gave back a portion of Wednesday's sharp rally, settling around 0.7050 after surging over 1% earlier in the session.
AUD/USD
Fxstreet
Wed, Apr 8
NZD/USD holds fragile footing as USD demand returns amid geopolitical noise
The NZD/USD pair is trading with a cautious tone around the 0.5830 region on Thursday, as the New Zealand Dollar (NZD) regains some traction following shifting geopolitical headlines.
NZD/USD
Fxstreet
Wed, Apr 8
AUD/JPY Price Forecast: Forms shooting-star, drops below 112.00 as bears lurk
The Australian Dollar extended its gains versus the Japanese Yen, driven by an improvement in risk appetite amid the two-week pause in the Middle East conflict between the US and Iran.
AUD/JPY
Fxstreet
Wed, Apr 8
NZD/USD Price Forecast: Rallies above 0.5800, eyes on 200-day SMA
The NZD/USD rallied sharply on Wednesday, boosted by a double whammy. The de-escalation of the Middle East conflict, and hawkish remarks by the RBNZ Governor, Anna Breman, post the bank’s monetary policy meeting.
NZD/USD
Fxstreet
Wed, Apr 8
USD/CHF Price Forecast: Slides below 200-day SMA, bears gain steam
The USD/CHF retreats some 0.85% on Wednesday after failing to clear the April 7 daily high of 0.8010, and as the pair slides beneath the 200-day SMA of 0.7940, as market sentiment gets lifted by a two-week ceasefire in the Middle East conflict.
USD/CHF
Fxstreet
Wed, Apr 8
USD/INR: RBI curbs speculative longs, room to fall – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that USD/INR has dropped sharply as RBI’s targeted regulatory measures curbed speculative positioning and tightened market microstructure.
Fxstreet
Wed, Apr 8
Silver Price Forecast: XAG/USD consolidates within bearish flag on 4-hour chart
Silver (XAG/USD) trades with a positive bias on Wednesday, supported by a broadly weaker US Dollar following a two-week ceasefire agreement between the United States and Iran. At the time of writing, XAG/USD is trading around $74.50, up nearly 2% on the day after hitting an intraday high of $77.65.
Silver
Fxstreet
Wed, Apr 8
USD/JPY: Strong Yen with BoJ tightening support – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Japanese Yen (JPY) has gained over 0.7% versus the US Dollar (USD) but still lags other G10 currencies as risk sentiment improves on the ceasefire.
USD/JPY
Fxstreet
Wed, Apr 8
USD/JPY Price Analysis: Fragile ceasefire fuels volatility as markets read between the lines
The USD/JPY pair fell near the 158.30 region on Wednesday, even as the United States (US), Iran and Israel had agreed on a two-week ceasefire.
USD/JPY
Fxstreet
Wed, Apr 8
USD/CAD weakens as US-Iran ceasefire cools Dollar demand
USD/CAD trades with a downside bias on Wednesday, as the US Dollar (USD) comes under broad selling pressure following a temporary ceasefire agreement between the United States and Iran. At the time of writing, the pair is trading around 1.3847, extending losses for the third straight day.
USD/CAD
Brent
Fxstreet
Wed, Apr 8
GBP/USD surges as Iran truce dents US Dollar broadly
The Pound Sterling rallies on Wednesday, advancing for the third straight day this week, up more than 1.10% due to broad US Dollar weakness, sparked by an improvement in risk appetite following a two-week ceasefire between the US and Iran.
GBP/USD
Fxstreet
Wed, Apr 8
GBP/USD: Strong rally eyes 1.35 – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note that the Pound (GBP) is a strong G10 performer, gaining about 1.1% on sentiment-driven buying and pushing to the top of its late-February range.
GBP/USD
Fxstreet
Wed, Apr 8
NZD/USD rallies to near 0.5850 amid risk-on mood, RBNZ’s hawkish remarks
The NZD/USD pair is up 1.6% to near 0.5830 in the European trading session on Wednesday.
NZD/USD
Fxstreet
Wed, Apr 8
NZD: RBNZ tightening bias and earlier hike risk – TD Securities
TD Securities analysts review the latest Reserve Bank of New Zealand (RBNZ) decision, noting the cash rate was held at 2.25% while inflation forecasts were revised sharply higher for Q1 and Q2.
NZD/USD
Fxstreet
Wed, Apr 8
AUD/USD eases below 0.7050 as the market digests the ceasefire in Iran
The Australian Dollar (AUD) is trading higher against the US Dollar (USD) for the third consecutive day on Wednesday, boosted by investors’ optimism about the ceasefire in Iran.
AUD/USD
Fxstreet
Wed, Apr 8
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