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Japanese Yen trades marginally higher amid intervention fears
The Japanese Yen (JPY) trades slightly higher against a majority of its currency peers, but edges lower to near 162.66 against the US Dollar (USD) during the European trading session on Wednesday.
USD/JPY
Fxstreet
Wed, Jul 1
Silver Price Forecasts: XAG/USD dips below $58 weighed by higher US yields
Silver (XAG/USD) is trading lower on Wednesday, with the US Dollar buoyed by strong US macroeconomic data and higher US Treasury yields.
Fxstreet
Wed, Jul 1
Why is the British Pound holding steady when the United Kingdom is facing a political transition?
The British Pound (GBP) is showing resilience against a backdrop of local political shifts and brewing fiscal questions.
GBP/USD
Fxstreet
Wed, Jul 1
Indian Rupee: RBI smoothing caps upside – Societe Generale
Societe Generale strategists describe a quiet start to Q3 for USD/INR, with the pair marginally bid but capped below its 50‑day moving average near 95.02.
Gold
Fxstreet
Wed, Jul 1
Eurozone HCOB Manufacturing PMI above expectations (51.3) in June: Actual (51.4)
Eurozone HCOB Manufacturing PMI above expectations (51.3) in June: Actual (51.4)
EUR/USD
Fxstreet
Wed, Jul 1
Euro declines ahead of Eurozone HICP inflation data
EUR/USD depreciates after flattening in the previous day, trading around 1.1390 during the European hours on Wednesday. The Euro (EUR) remains weaker ahead of Eurozone Harmonized Index of Consumer Prices (HICP) data due to be released later in the day.
EUR/USD
Fxstreet
Wed, Jul 1
ISM Manufacturing PMI expected to signal continued expansion in US factory activity
Attention shifts to Wednesday’s release of the June ISM Manufacturing Purchasing Managers Index (PMI), one of the most closely followed indicators of activity in the US manufacturing sector and an important barometer of the broader economy.
EUR/USD
Fxstreet
Wed, Jul 1
British Pound decline against US Dollar, eyes on key US data
The British Pound (GBP) is down 0.22% to near 1.3234 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair trades lower as surging United States (US) Treasury Yields have strengthened the US Dollar (USD).
GBP/USD
US Dollar Index
Fxstreet
Wed, Jul 1
Germany HCOB Manufacturing PMI above forecasts (50) in June: Actual (50.3)
Germany HCOB Manufacturing PMI above forecasts (50) in June: Actual (50.3)
EUR/USD
Fxstreet
Wed, Jul 1
France HCOB Manufacturing PMI above expectations (50.7) in June: Actual (51.2)
France HCOB Manufacturing PMI above expectations (50.7) in June: Actual (51.2)
EUR/USD
Fxstreet
Wed, Jul 1
Australian Dollar: Neutral stance inside broader range against US Dollar – UOB
UOB’s Quek Ser Leang reports AUD/USD rebounded sharply from 0.6867 to 0.6930, with the move seen as stretched and intraday trade expected between 0.6890 and 0.6930, below 0.6935.
AUD/USD
Fxstreet
Wed, Jul 1
Italy HCOB Manufacturing PMI below forecasts (52.6) in June: Actual (52.2)
Italy HCOB Manufacturing PMI below forecasts (52.6) in June: Actual (52.2)
EUR/USD
Fxstreet
Wed, Jul 1
Forex Today: Markets await comments from leaders of major central banks
Here is what you need to know on Wednesday, July 1:
Fxstreet
Wed, Jul 1
British Pound consolidates near two-month high vs bearish JPY as intervention risks loom
The GBP/JPY cross is seen consolidating its strong gains registered over the past two days and oscillating in a range through the early European session on Wednesday.
GBP/JPY
Fxstreet
Wed, Jul 1
Switzerland SVME - Purchasing Managers' Index below forecasts (56.5) in June: Actual (54.3)
Switzerland SVME - Purchasing Managers' Index below forecasts (56.5) in June: Actual (54.3)
USD/CHF
Fxstreet
Wed, Jul 1
New Zealand Dollar holds losses as US Dollar strengthens on safe-haven demand
NZD/USD loses ground after registering modest gains in the previous day, trading around 0.5670 during the early European hours.
NZD/USD
Fxstreet
Wed, Jul 1
Swiss Franc drifts lower, nearing 0.8100 USD despite solid Swiss Retail Sales
The Swiss Franc (CHF) is trading lower for the second consecutive day against a strong US Dollar (USD) on Wednesday, showing little impact from the positive surprise in Swiss Real Retail Sales. The USD/CHF pair appreciates 0.14% so far on the day, and approaches intra-week highs in the 0.8100 area.
USD/CHF
Fxstreet
Wed, Jul 1
Japanese Yen: Pressured by policy uncertainty against US Dollar – MUFG
MUFG’s Michael Wan notes that global market attention remains on the Japanese Yen (JPY) as USD/JPY trades near 162.60.
USD/JPY
Fxstreet
Wed, Jul 1
Australian Dollar underperforms as rallying US Treasury Yields prompt risk-off mood
The Australian Dollar (AUD) is down against its major currency peers, trading 0.45% lower to near 0.6890 against the US Dollar (USD) during the European trading session on Wednesday.
AUD/USD
Fxstreet
Wed, Jul 1
British Pound: Upside capped against US Dollar – UOB
UOB’s Quek Ser Leang notes a slight pickup in GBP/USD upward momentum after a swing between 1.3213 and 1.3277, with a retest of 1.3275 possible but further gains seen limited.
GBP/USD
Fxstreet
Wed, Jul 1
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