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Japanese Yen recovers sharply from 40-year low as intervention bets trigger short-covering
The USD/JPY pair comes under intense selling pressure and plummets to the 161.00 neighborhood heading into the European session on Thursday, snapping a three-day winning streak to the highest since 1986 set the previous day.
Fxstreet
Thu, Jul 2
USD/CAD Price Forecast: Remains in tight range near 1.4200, eyes on US NFP
The USD/CAD pair trades flat around 1.4210 during the European trading session on Thursday. The Loonie pair has remained sideways for over a week, with investors seeking fresh cues regarding the United States (US) interest rate outlook.
Euro: Downside risk toward key supports against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang highlights that EUR/USD closed softer at 1.1376 after choppy trading between 1.1361 and 1.1423. Short-term momentum is turning lower, with scope to test 1.1360 while keeping the major 1.1335 support intact.
Fxstreet
Thu, Jul 2
Euro weakens against British Pound as softer Eurozone inflation curb pressure on ECB to hike rates
The EUR/GBP cross loses ground to around 0.8565 during the early European trading hours on Thursday. Fading expectation that the European Central Bank (ECB) will raise the interest rates this year weweighsn the Euro (EUR) against the British Pound (GBP).Fxstreet
Thu, Jul 2
Indian Rupee gains at open, supported by further decline in oil prices
The Indian Rupee (INR) opens higher against the US Dollar (USD) on Thursday after a sharp decline the previous day. The USD/INR pair declines to near 95.00 as lower oil prices due to progress in talks between the United States (US) and Iran have improved the appeal of the Indian Rupee.Fxstreet
Thu, Jul 2
Japanese Yen receives support from stealth intervention risks
USD/JPY continues its downside after pulling back from 40-year highs, trading around 162.40 during the Asian hours on Thursday. The pair loses ground as the Japanese Yen (JPY) captures support from growing trader expectations of government intervention.Fxstreet
Thu, Jul 2
Swiss Franc strengthens to near 0.8100 as traders await Swiss CPI, US NFP releases
The USD/CHF pair declines to around 0.8085 during the early European trading hours on Thursday. The US Dollar (USD) weakens against the Swiss Franc (CHF) on the weaker-than-expected ADP June employment report.Fxstreet
Thu, Jul 2
EUR/USD Price Forecast: Approaches 1.1400 as bearish flag remains in play
The EUR/USD pair ticks higher during the Asian session on Thursday, though it lacks bullish conviction as traders keenly await the release of the crucial US Nonfarm Payrolls (NFP) report. Spot prices currently trade around the 1.1385 area and remain close to the weekly low, touched on Wednesday.Fxstreet
Thu, Jul 2
EUR/JPY Price Forecast: Edges lower below 185.00, while near-term bullish bias holds
The EUR/JPY cross trades on a negative note around 184.95 during the early European session on Thursday. Eurozone inflation fell more than expected in June, easing pressure on the European Central Bank (ECB) to raise rates at its next meeting on July 23.
Fxstreet
Thu, Jul 2
Silver Price Forecast: XAG/USD rises above $60.00 amid less hawkish Fed tone
XAG/USD gains ground for the third consecutive day, trading around $60.20 per troy ounce during the Asian hours on Thursday. Silver prices find support following a less hawkish tone than expected from Federal Reserve (Fed) Chairman Kevin Warsh at Wednesday's ECB Forum on Central Banking.Fxstreet
Thu, Jul 2
British Pound gathers strength to near 1.3300 on Burnham’s commitment to fiscal rules, NFP data loom
The GBP/USD pair gains traction to near 1.3290 during the Asian trading hours on Thursday. The British Pound (GBP) strengthens against the US Dollar (USD) as the UK's likely next Prime Minister, Andy Burnham, has eased market concerns by pledging strict fiscal discipline.Fxstreet
Thu, Jul 2
Australian Dollar steadies following Trade Balance data
AUD/USD inches higher after registering modest losses in the previous day, trading around 0.6900 during the Asian hours on Thursday. The pair holds ground as the Australian Dollar (AUD) remains stronger following the release of domestic Trade Balance data.Fxstreet
Thu, Jul 2
Canadian Dollar languishes near YTD low as USD bulls keenly await US NFP report
The USD/CAD pair consolidates above the 1.4200 mark during the Asian session on Friday as traders opt to wait for the release of the crucial US monthly employment details before positioning for any further gains.Fxstreet
Thu, Jul 2
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