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USD/CHF treads water above 0.8000 as US Dollar holds ground due to market caution
USD/CHF continues its winning streak for the third successive session, trading around 0.8020 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) remains stable, traders adopt caution ahead of the upcoming US Producer Price Index (PPI) later on Wednesday.
Fxstreet
Wed, Jul 16
EUR/JPY Price Forecast: Remains bullish above 173.00, overbought RSI warrants caution for bulls
The EUR/JPY cross gains momentum to around 173.10 during the Asian trading hours on Wednesday. The Japanese Yen (JPY) softens against the Euro (EUR) as traders reduce bets for an immediate interest rate hike by the Bank of Japan (BoJ) due to concerns over the economic fallout from higher US tariffs.
Fxstreet
Wed, Jul 16
EUR/USD rebounds from 1.1600 despite market caution ahead of US PPI data
EUR/USD halts its five-day losing streak, trading around 1.1610 during the Asian hours on Wednesday. The pair appreciates despite the stable US Dollar (USD), driven by traders’ caution ahead of the upcoming US Producer Price Index (PPI) later on Wednesday.
Fxstreet
Wed, Jul 16
Silver Price Forecast: XAG/USD appreciates toward $38.00 due to tariff uncertainty
Silver price (XAG/USD) gains ground after registering losses in the previous two sessions, trading around $37.80 per troy ounce during the Asian hours on Wednesday. The safe-haven demand for Silver grows amid uncertainty from tariffs.
Fxstreet
Wed, Jul 16
Japanese Yen remains vulnerable near multi-month low against USD
The Japanese Yen (JPY) hit a fresh low since April against its American counterpart during the Asian session on Wednesday, with the USD/JPY bulls now awaiting a sustained strength beyond the 149.00 mark before placing fresh bets.
Fxstreet
Wed, Jul 16
Australia, NZ dollars draw support, with help from yen weakness
By Wayne Cole SYDNEY, July 16 (Reuters) - The Australian and New Zealand dollars found support on Wednesday after losing ground to a broadly firmer U.S. dollar, with the Aussie managing to hit a fresh five-month top on a struggling Japanese yen.The U.S. currency was lifted by Treasury yields afte...Reuters
Wed, Jul 16
UK CPI expected to remain steady in June, still above BoE target
The United Kingdom (UK) June Consumer Price Index (CPI) is scheduled for release on Wednesday at 06:00 GMT. The report, released by the Office for National Statistics (ONS), is closely watched amid the potential impact of inflation data on the Bank of England (BoE) monetary policy decisions.Fxstreet
Wed, Jul 16
NZD/USD gathers strength to above 0.5950 ahead of US PPI release
The NZD/USD pair attracts some buyers to near 0.5965, snapping the three-day losing streak during the early Asian session on Wednesday. The better-than-expected China Gross domestic product (GDP) report provides some support to the China-proxy Kiwi.
Fxstreet
Wed, Jul 16
FOREX-Dollar rides Treasury yields higher as Trump's tariffs begin to bite
US dollar rises, 10-year yield hits one-month highYen languishes near four-month lowUS inflation data showed price impact on some heavily imported goodsBy Rae Wee SINGAPORE, July 16 (Reuters) - The U.S. dollar rose alongside Treasury yields on Wednesday, which in turn kept pressure on the yen aft...Reuters
Wed, Jul 16
USD/CAD posts modest losses below 1.3750 amid muted chance of BoC rate cut
The USD/CAD pair trades with mild losses near 1.3720 during the early Asian session on Wednesday. Hotter Canadian inflation data reduced expectations for Bank of Canada (BoC) interest rate cuts, supporting the Canadian Dollar (CAD).Fxstreet
Tue, Jul 15
EUR/USD sinks towards 1.1600 as US inflation rises and crushes Fed cut hopes
The EUR/USD fell some 0.55% on Tuesday after the latest US inflation report revealed that prices are edging higher, justifying the Federal Reserve's current policy stance. Hence, traders trimmed bets that the Fed would cut rates at the July meeting.Fxstreet
Tue, Jul 15
UK's Reeves vows to ease more rules to lift 'boot on the neck' off business
UK finance minister gives annual Mansion House speechReeves widens her message to scrap regulationPlans include encouraging people to invest in stocksLatest bid by government to get elusive growth goingBy William Schomberg, Tommy Reggiori Wilkes and David Milliken LONDON, July 15 (Reuters) - Brit...Reuters
Tue, Jul 15
