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Canadian Dollar flubs bullish momentum, but pumps the brakes on losses
The Canadian Dollar (CAD) snapped a meager two-day win streak against the US Dollar (USD) on Wednesday. The Loonie pared limited gains against the Greenback, but held steady near the 1.3700 handle during the midweek market session.
Fxstreet
Wed, Jun 25
FOREX-Dollar lowest since 2021 against euro, gains on yen
Dollar mixed, volatility declines after large dollar dropOptimism over fragile Israel-Iran truce keeps mood buoyantFed Chair Powell repeats concern about tariffs causing inflationBy Karen Brettell NEW YORK, June 25 (Reuters) - The dollar fell to multi-year lows against the euro and sterling on We...Reuters
Wed, Jun 25
CANADA FX DEBT-Loonie steadies, bond yields climb as Canada commits to defense spending surge
Loonie trades in a range of 1.3715 to 1.3754Defense spending set to rise to 5% of GDPPrice of oil increases 1.5%10-year yield rises 4.8 basis pointsBy Fergal Smith TORONTO, June 25 (Reuters) - The Canadian currency was barely changed against its U.S. counterpart on Wednesday and bond yields climb...Reuters
Wed, Jun 25
Forex Today: Focus remains on US data and comments from central bankers
The Greenback remained on the back foot, surrendering initial gains and refocusing on the downside as market participants kept assessing the ceasefire in the Middle East as well as the cautious message from Chair Powell.
Fxstreet
Wed, Jun 25
European Commission to allow stablecoin interchangeability
Commission set to issue guidance on EU's stablecoin rulesInterchangeability of EU and non-EU tokens to be allowedECB has warned of stablecoin risksBy Valentina Za and Elizabeth Howcroft MILAN, June 25 (Reuters) - The European Commission is set to clarify that the European Union's crypto r...Reuters
Wed, Jun 25
USD/JPY climbs as Yen slips on cautious BoJ, steady DXY
The Japanese Yen (JPY) weakens against the US Dollar (USD) on Wednesday, halting a two-day winning streak as the Greenback finds footing. A stabilizing US Dollar Index (DXY) and cautious sentiment following the Bank of Japan’s (BoJ) latest policy commentary weighed on the Yen.
Fxstreet
Wed, Jun 25
GBP/USD holds above 1.3600 as ceasefire lifts mood, BoE turns dovish
The Pound Sterling extends its gains to three straight days during the week, amid an upbeat market mood triggered by the ceasefire of the Israel-Iran conflict. Nevertheless, the truce remains fragile after both parties exchanged blows close to or after the deadline proposed by Washington.
Fxstreet
Wed, Jun 25
FOREX-Dollar mixed, investors return focus to Fed, trade
Dollar mixed as markets consolidate following large dollar dropOptimism over fragile Israel-Iran truce keeps mood buoyantFed Chair Powell testifies to US Congress for second dayBy Karen Brettell NEW YORK, June 25 (Reuters) - The dollar was mixed on Wednesday in what analysts said was largely cons...Reuters
Wed, Jun 25
JPMorgan sees tariff-induced US 'stagflationary' slowdown in 2025
US recession probability seen at 40% in second half of 2025Bearish outlook on the dollar due to slower US growthBut Tech and AI likely to keep supporting US stocksBy Davide BarbusciaNEW YORK, June 25 (Reuters) - U.S. trade policies will likely slow down global economic growth and rekindle inflation ...Reuters
Wed, Jun 25
Mullen to Accept Bitcoin and $Trump Meme Coin for Commercial EV Purchases
June 25 (Reuters) - Mullen Automotive Inc MULN.O:MULLEN TO BEGIN IMMEDIATELY ACCEPTING CRYPTOCURRENCY, INCLUDING BITCOIN AND $TRUMP MEME COIN, FOR THE PURCHASE OF MULLEN AND BOLLINGER COMMERCIAL ELECTRIC VEHICLESMULLEN AUTOMOTIVE INC: IS ALSO INVESTIGATING ACCEPTANCE OF ADDITIONAL TYPES OF CRYPTO, I...Reuters
Wed, Jun 25
Silver Price Forecast: XAG/USD tests rising channel support, momentum indicators flash caution
Silver (XAG/USD) is showing muted price action on Wednesday, slipping modestly lower but staying within Tuesday’s range. At the time of writing, the metal is trading around $35.75 during the American session, down roughly 0.46% on the day.
Fxstreet
Wed, Jun 25
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.1% lower at C$1.3738 to the greenback, or 72.79 U.S. cents, after trading in a range of 1.3715 to 1.3746.Canadian government 10-year bond yields CA10YT=R...Reuters
Wed, Jun 25
