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NZD/USD Price Forecast: Tests ascending channel’s lower boundary near 0.6000
NZD/USD is retracing its recent losses, trading around 0.6030 during the European hours on Wednesday. The technical analysis of the daily chart suggests the potential for weakening bullish bias, as the pair tests the lower boundary of the ascending channel pattern.
Fxstreet
Wed, Jun 18
AUD/JPY rises above 94.00 despite increased risk aversion
AUD/JPY holds gains after registering nearly 0.50% losses in the previous session, trading around 94.20 during the European hours on Wednesday. However, the upside of the currency cross could be limited due to heightened safe-haven demand, driven by escalating Middle East tensions.
Fxstreet
Wed, Jun 18
Swedish central bank cuts key rate to 2.00%, may ease again this year
Quarter-point cut was expectedRiksbank says price pressures weaker than expectedPoints to chance of another cut before year's endBy Simon Johnson STOCKHOLM, June 18 (Reuters) - Sweden's central bank cut its key interest rate to 2.00% from 2.25% as expected on Wednesday and sai...Reuters
Wed, Jun 18
FOREX-Dollar muted as investors watch Israel-Iran conflict ahead of Fed decision
Dollar holds mostly steady as Middle East conflict rages onSafe havens strengthen modestly; pound rises after UK inflation dataFed expected to leave interest rates unchanged By Amanda Cooper LONDON, June 18 (Reuters) - The U.S. dollar eased against the yen and Swiss franc on Wednesday, as fig...Reuters
Wed, Jun 18
Sterling edges up after UK data shows jump in food inflation
By Amanda Cooper LONDON, June 18 (Reuters) - The pound edged higher on Wednesday as investor nervousness over the escalating conflict in the Middle East weighed on the dollar and after UK data showed consumer inflation barely moved in May, undermining the case for prompt rate cuts.The Office for ...Reuters
Wed, Jun 18
GBP/USD holds positive ground above 1.3450 after UK CPI data, Fed rate decision eyed
The GBP/USD pair strengthens near 1.3460 during the early European trading hours on Wednesday. The Pound Sterling (GBP) remains firm against the Greenback after the UK Consumer Price Index (CPI) inflation report.
Fxstreet
Wed, Jun 18
FOREX-Dollar wobbles as investors monitor Israel-Iran conflict ahead of Fed decision
Dollar clings onto recent gains as Middle East conflict rages onFed widely expected to leave interest rates unchanged Trade deals scant as G7 summit concludesBy Johann M Cherian June 18 (Reuters) - The U.S. dollar wavered against most major currencies on Wednesday, as fighting between Israel and ...Reuters
Wed, Jun 18
UK inflation was 3.4% in May, ONS says
LONDON, June 18 (Reuters) - British inflation came in at an annual rate of 3.4% in May, down from an originally published 3.5% in April, the Office for National Statistics said on Wednesday.A Reuters poll of economists had pointed to a reading of 3.4% in May, which the Bank of England had also proje...Reuters
Wed, Jun 18
USD/CHF softens to near 0.8150 ahead of Fed rate decision
The USD/CHF pair weakens to near 0.8160, snapping the three-day winning streak during the early European trading hours on Wednesday. The persistent geopolitical tensions in the Middle East lift the safe-haven currency like the Swiss Franc (CHF).
Fxstreet
Wed, Jun 18
WRAPUP 1-China talks up digital yuan in push for multi-polar currency system
China to expand digital yuan globally, create Shanghai operations centerPBOC governor calls for a multi-polar global currency systemFinancial regulators pledge stable yuan, to further open up financial market SHANGHAI/BEIJING, June 18 (Reuters) - The head of China's central bank pledged to e...Reuters
Wed, Jun 18
NZD/USD climbs to 0.6035 area as USD edges lower ahead of Fed rate decision
The NZD/USD pair attracts some dip-buying near the 0.6000 psychological mark during the Asian session on Wednesday and reverses a part of the previous day's retracement slide from the vicinity of the year-to-date peak.Fxstreet
Wed, Jun 18
