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New Zealand Dollar remains subdued as US Dollar gains on renewed Hormuz tensions
NZD/USD inches lower for the second successive day, trading around 0.5700 during the Asian hours on Tuesday. The currency pair depreciates as the US Dollar (USD) holds ground, which could be attributed to the renewed geopolitical tensions in the Strait of Hormuz.
Fxstreet
Tue, Jul 7
Euro extends the range play above 1.1400 as Hormuz risks support USD
The EUR/USD pair extends its sideways consolidative price move during the Asian session on Tuesday, though it manages to hold comfortably above the 1.1400 mark. Moreover, spot prices remain well within striking distance of a nearly two-week high, touched last Thursday.
Fxstreet
Tue, Jul 7
Australian Dollar declines as ANZ–Indeed Job Ads drop in June
AUD/USD inches lower after two days of gains, trading around 0.6950 during the Asian hours on Tuesday. The Australian Dollar (AUD) faces downward pressure as weakening economic sentiment amid a cooling labor market signals that high borrowing costs are taking a toll.Fxstreet
Tue, Jul 7
GBP/JPY Price Forecast: Rallies and hits 18-year highs above 217.00
The British Pound rallies to an 18-year high against the Japanese Yen, registering solid gains of over 0.77% as the GBP/JPY clears the previous year-to-date (YTD) high of 216.60 as the cross-pair clears the 217.00 figure for the first time since January 2008.
Fxstreet
Mon, Jul 6
Pound Sterling rallies into its own coronation
GBP/USD has quietly put together eight consecutive higher daily closes, a grind from near 1.3150 that has delivered the pair directly onto its 200-day Exponential Moving Average (EMA), with the 50-day EMA just beneath it and the 1.3400 handle immediately overhead.Fxstreet
Mon, Jul 6
British Pound holds range as USD strength meets Fed doubts
The Pound Sterling steadies during the North American session, as the week begins in a risk-off mood, as evidenced by overall US Dollar strength in the FX markets, even though soft jobs data and trimmed hawkish Fed bets for the rest of the year.Fxstreet
Mon, Jul 6
British Pound: Range-bound against US Dollar with steady BoE expectations – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note GBP/USD near 1.3338 is steady versus the US Dollar (USD) and outperforming on crosses despite weak construction Purchasing Managers' Index (PMI) data.Fxstreet
Mon, Jul 6
Euro weakens as markets reassess Fed and ECB rate outlook
The Euro (EUR) trades on the back foot against the US Dollar (USD) on Monday as investors return after the extended US Independence Day weekend. At the time of writing, EUR/USD is trading around 1.1421, down 0.12% on the day.Fxstreet
Mon, Jul 6
Australian Dollar trades sideways after softer Australian inflation
AUD/USD trades with a cautious tone, sideways near the 0.6930 level on Monday after Australian inflation data showed further easing price pressures, while mixed United States (US) services figures kept the US Dollar (USD) broadly supported but without strong momentum.Fxstreet
Mon, Jul 6
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