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GBP/USD eases from 3-year high as BoE turns dovish, US data beats
The Pound Sterling (GBP) loses ground versus the US Dollar after hitting a new three-year peak of 1.3788, just shy of the 1.3800 figure. Economic data from the United States (US), along with dovish comments of the Bank of England’s (BoE) Governor Bailey, exerted downward pressure on the pair.
GBP/USD
Fxstreet
Tue, Jul 1
EUR/USD eases after hitting multi-year high, US data lifts Dollar
The Euro (EUR) edges modestly lower against the US Dollar (USD) during the American session on Tuesday, after briefly rising above the 1.180 mark earlier in the day, its highest level since September 2021.
EUR/USD
Fxstreet
Tue, Jul 1
USD/CAD rises as Fed Powell confirms data-dependent stance, strong US ISM and JOLTS data
The Canadian Dollar (CAD) is edging lower against the US Dollar (USD) on Tuesday, as traders digest the latest remarks from Federal Reserve (Fed) Chair Jerome Powell.
USD/CAD
Fxstreet
Tue, Jul 1
Euro’s Parity Narrative Collapses — EUR/USD Hits Longest Winning Streak in Years, on Track for 9-Day Rally
TradingKey - In the first half of 2025, the U.S. dollar fell at its fastest pace since the early 1970s, and the euro surged in response. The EUR/USD exchange rate is now on track to record a rare nine-day consecutive rally, rendering many Wall Street forecasts from earlier this year obsolete.
EUR/USD
TradingKey
Tue, Jul 1
Japanese Yen strengthens to over two-week high as US Dollar weakens, trade tensions linger
The Japanese Yen (JPY) gains against the US Dollar (USD) on Tuesday, reaching its highest level in over two weeks as the broadly weak Greenback remains under pressure amid fiscal uncertainty and dovish Federal Reserve (Fed) expectations.
USD/JPY
Fxstreet
Tue, Jul 1
“Golden July” for the Yen? Market Bets on JPY Strength — Could USD/JPY Return to 140?
TradingKey - Since mid-May, the USD/JPY exchange rate has hovered around 145 , with the yen’s earlier strengthening trend stalling in early 2025. However, as the U.S. dollar weakens at its fastest pace in over half a century and Japanese economic activity picks up, investors are increasingly betting
USD/JPY
TradingKey
Tue, Jul 1
AUD/USD approaches 0.6600 as the US Dollar falls ahead of Fed Powell, Job Openings data
The Australian Dollar keeps marching higher against a depressed US Dollar.
AUD/USD
Fxstreet
Tue, Jul 1
RUB: Crisis whispers in the ear – Commerzbank
USD/RUB and EUR/RUB are not market-driven or floating exchange rates. Even so, at this time, these exchange rates are reflecting excessive optimism that the Ukraine war may somehow end and that some of the harsh sanctions on Russia may be removed.
Fxstreet
Tue, Jul 1
GBP/USD stretches higher, approaching 1.3800 with the US Dollar at long-term lows
The Pound is accelerating its uptrend on Tuesday, unaffected by rather downbeat UK manufacturing PMI data.
GBP/USD
Fxstreet
Tue, Jul 1
USD/JPY: Any further decline is unlikely to reach 142.70 – UOB Group
Increase in momentum may lead to US Dollar (USD) breaking below 143.50 against Japanese Yen (JPY); any further decline is unlikely to reach 142.70. In the longer run, buildup in momentum could trigger further USD declines toward 142.70, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY
Fxstreet
Tue, Jul 1
USD/JPY: Downside bias – OCBC
USD/JPY drifted lower this morning, breaking past 144-support. Pair was last at 142.86 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/JPY
Fxstreet
Tue, Jul 1
NZD/USD: NZD must hold above 0.6040 to continue rising – UOB Group
While New Zealand Dollar (NZD) could continue to rise against US Dollar (USD), deeply overbought conditions suggest that 0.6120 is likely out of reach for now.
NZD/USD
Fxstreet
Tue, Jul 1
EUR/JPY holds losses below 169.00 despite hot Eurozone HICP inflation data
EUR/JPY retreats after registering a 12-month high of 169.86, marked on Monday, trading around 168.80 during the European hours on Tuesday. The pair remains subdued following the release of the hot Eurozone Harmonized Index of Consumer Prices (HICP) data.
EUR/JPY
Fxstreet
Tue, Jul 1
EUR/GBP keeps the red above mid-0.8500s after Eurozone inflation data, ahead of BoE’s Bailey
The EUR/GBP cross retreats from the vicinity of the 0.8600 mark, or its highest level since April 23 touched earlier this Tuesday and sticks to modest intraday gains through the first half of the European session.
EUR/GBP
Fxstreet
Tue, Jul 1
AUD/USD: Likely to test 0.6595 before leveling off – UOB Group
The rapid rise appears to be excessive, but there is a chance for Australian Dollar (AUD) to test 0.6595 before leveling off against US Dollar (USD).
AUD/USD
Fxstreet
Tue, Jul 1
AUD/USD eyes range break on upward momentum – Société Générale
AUD/USD continues to show resilience, quickly regaining lost ground after a brief dip below its 50-day moving average and is now eyeing a breakout from its long-held range.
AUD/USD
Fxstreet
Tue, Jul 1
Eurozone Preliminary HICP inflation ticks up to 2% YoY in June vs. 2% expected
The Eurozone Harmonized Index of Consumer Prices (HICP) increased at an annual pace of 2% in June, following a 1.9% growth reported in May, the official data released by Eurostat showed Tuesday.
EUR/USD
Fxstreet
Tue, Jul 1
Eurozone Core Harmonized Index of Consumer Prices (MoM) increased to 0.4% in June from previous 0%
Eurozone Core Harmonized Index of Consumer Prices (MoM) increased to 0.4% in June from previous 0%
EUR/USD
Fxstreet
Tue, Jul 1
Eurozone Core Harmonized Index of Consumer Prices (YoY) in line with expectations (2.3%) in June
Eurozone Core Harmonized Index of Consumer Prices (YoY) in line with expectations (2.3%) in June
EUR/USD
Fxstreet
Tue, Jul 1
Eurozone Harmonized Index of Consumer Prices (MoM) climbed from previous 0% to 0.3% in June
Eurozone Harmonized Index of Consumer Prices (MoM) climbed from previous 0% to 0.3% in June
EUR/USD
Fxstreet
Tue, Jul 1
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