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Australian Dollar drifts away from highs amid cooler inflation, weak employment data
The Australian Dollar (AUD) is trading moderately lower against the US Dollar (USD) on Monday, as cooler Australian inflation figures have eased pressure on the Reserve Bank of Australia (RBA) to hike interest rates further.
Fxstreet
Mon, Jul 6
British Pound rallies back closer to multi-year top as carry trade and fiscal woes hit JPY
The GBP/JPY cross gains strong follow-through positive traction for the second successive day and rallies to mid-216.00s during the early European session on Monday, back closer to a multi-year peak set in late April.
Fxstreet
Mon, Jul 6
Australian Dollar: Downside bias within broader neutral band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang reports AUD/USD has stalled after last week’s sharp rise, with a tentative build-up in downside momentum pointing to a limited dip toward 0.6910 intraday. For the next 1–3 weeks, the bank stays neutral, expecting consolidation between 0.6870 and 0.6980.Fxstreet
Mon, Jul 6
New Zealand Dollar: RBNZ set for further tightening – BNY
BNY’s Geoff Yu expects the Reserve Bank of New Zealand (RBNZ) to raise the Official Cash Rate (OCR) by 25bp to 2.50%, supported by stronger Gross Domestic Product (GDP), resilient labor markets and firm inflation near the top of target.Fxstreet
Mon, Jul 6
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