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Global uncertainty puts big central banks in a tight spot
Norway surprises with rate cutSwitzerland on verge of negative rate territoryThe Fed holds out on rate cuts for nowBy Alun John and Naomi Rovnick LONDON, June 19 (Reuters) - Central banks are grappling with elevated uncertainty about economic growth and inflation, complicating decision-making, es...Reuters
Thu, Jun 19
Indian Rupee weakens amid Middle East tensions, Crude Oil price surge
The Indian Rupee (INR) extends its losing streak for a third consecutive day against the US Dollar (USD) on Wednesday, sliding to a three-month low as the escalating Middle East conflict fuels fresh supply worries and keeps Crude Oil prices elevated.Fxstreet
Thu, Jun 19
GBP pulls back as markets digest BoE hold – Scotiabank
Pound Sterling (GBP) is soft and trading defensively into Thursday’s NA session with markets unphased by the BoE’s as-expected hold at 4.25% but offering some reaction to a 7-3 hold-cut split, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Thu, Jun 19
INSTANT VIEW-Bank of England leaves rates on hold
LONDON, June 19 (Reuters) - The Bank of England held interest rates at 4.25% as expected on Thursday but said it was focused on risks from a weaker labour market and higher energy prices as conflict in the Middle East escalates.Noting the elevated global uncertainty and persistent inflation, the Mon...Reuters
Thu, Jun 19
FOREX-Dollar firms as Mideast worries cast shadow, Norges Bank delivers surprise cut
Middle East tensions dampen sentiment; dollar firms on safe-haven demandSNB cuts interest rates to zeroNorges Bank delivers surprise 25 bps cutBank of England expected to hold rates steadyPowell warns on inflation risks from tariffsBy Ankur Banerjee and Lucy Raitano SINGAPORE/LONDON, June 19 (Reu...Reuters
Thu, Jun 19
INSTANT VIEW-Bank of England leaves rates on hold
LONDON, June 19 (Reuters) - The Bank of England held interest rates at 4.25% as expected on Thursday but said it was focused on risks from a weaker labour market and higher energy prices as conflict in the Middle East escalates.Noting the elevated global uncertainty and persistent inflation, the Mon...Reuters
Thu, Jun 19
USD/CAD remains close to 1.3730 highs amid fears of a wider Middle East conflict
The USD/CAD advances for the third consecutive day on Thursday and remains steady above 1.3700 at the moment of writing, after having tested the early June highs, near the 1.3730 area earlier today.The US Dollar is one of the strongest G8 performers on Thursday, as investors rush for safe assets, amFxstreet
Thu, Jun 19
Pound slips after Bank of England holds rates steady
LONDON, June 19 (Reuters) - The pound turned negative against a broadly stronger dollar on Thursday after the Bank of England (BoE) held rates steady as expected and cited elevated global uncertainty and persistent inflation as concerns. At 1102 GMT the pound was 0.1% lower at $1.3415 GBP=D3 and als...Reuters
Thu, Jun 19
AUD/USD approaches three-week lows near 0.6450 as Middle East tensions escalate
The risk-sensitive Australian Dollar is one of the worst performers on Thursday, with investors rushing for safety as the Israel-Iran conflict threatens to escalate into a global war, with the US jumping in.The AUD/USD depreciates 0.6% so far today, giving away Wednesday’s gains, as and approaches t
Fxstreet
Thu, Jun 19
INDIA RUPEE-Rupee hits three-month low on worries over U.S. role in Middle East conflict
By Jaspreet Kalra MUMBAI, June 19 (Reuters) - The Indian rupee fell to its weakest level since mid-March on Thursday as risk aversion gripped financial markets, with investors focused on the possibility of U.S. involvement in the Israel-Iran conflict. The rupee INR=IN touched a low of 86.8925 on ...Reuters
Thu, Jun 19
USD/JPY: Likely to trade between 144.40 and 145.50 – UOB Group
US Dollar (USD) is likely to trade between 144.40 and 145.50 against Japanese Yen (JPY). In the longer run, there has been a tentative buildup in momentum; for a sustained advance, USD must first break and hold above 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Jun 19
USD/JPY Price Forecast: Bulls are testing 145.35, aiming for higher levels
The US Dollar is faring better than the Japanese Yen in the current risk-averse scenario, with geopolitical concerns driving markets, which keeps the USD/JPY trending higher, with bulls testing resistance at the 145.35 level.Investors' fears of an escalation of the Middle East conflict have been booFxstreet
Thu, Jun 19
NZD/USD: Likely to trade in a range between 0.5980 and 0.6080 – UOB Group
New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.6000/0.6045 against US Dollar (USD). In the longer run, NZD is expected to trade in a range between 0.5980 and 0.6080, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Jun 19
