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USD/CHF stays above 200-day SMA as inverse head-and-shoulders is intact
The USD/CHF remains steady on Wednesday as market participants await the US central bank's monetary policy decision, with the Federal Reserve expected to hold rates unchanged. At the time of writing, the pair trades at 0.7932, flattish.
Fxstreet
Wed, Jun 17
British Pound slips as soft UK CPI clips BoE hike bets
The Pound Sterling retreats towards 1.3400 on Wednesday after the latest UK inflation report, forcing investors to reassess hawkish bets on the Bank of England, while solid US Retail Sales boost the Greenback, supported by US exceptionalism. The GBP/USD trades with losses of over 0.22%.
Fxstreet
Wed, Jun 17
Canadian Dollar holds near recent lows as Oil slump, Fed outlook weigh
USD/CAD trades around 1.4010 on Wednesday at the time of writing, gaining 0.10% on the day. The pair maintains a bullish tone as the Canadian Dollar (CAD) remains under pressure from falling Oil prices, while traders position ahead of the Federal Reserve’s (Fed) monetary policy decision.
Fxstreet
Wed, Jun 17
Canadian Dollar: Range-bound risks with data focus – NBC
National Bank of Canada (NBC) analysts discuss the Canadian Dollar, noting that USD/CAD remains range-bound and sensitive to upcoming Canadian and US data releases. They highlight how recent moves have been driven by shifting expectations for Bank of Canada and Federal Reserve policy.Fxstreet
Wed, Jun 17
Euro retreats below 1.1600 with Kevin Warsh and the Fed in the spotlight
The Euro (EUR) posts moderate losses against the US Dollar (USD) on Wednesday, giving away some of the ground gained over the last few days, with markets showing a cautious mood ahead of the US Federal Reserve’s (Fed) decision.Fxstreet
Wed, Jun 17
Japanese Yen picks up within intervention levels with all eyes on the Fed
The Japanese Yen (JPY) nurses mild gains against the US Dollar (USD) on Wednesday, as the USD/JPY pair eases to 160.20, still above 160.00, considered the limit of tolerable JPY weakness for Japanese authorities.
Fxstreet
Wed, Jun 17
Euro: Euro struggles on hawkish ECB pricing – ING
ING’s FX team notes that a rate hike by the ECB is fully priced into EUR/USD, limiting upside for the Euro. They stress that even additional ECB hawkishness may not translate into Euro gains, as markets already discount tighter policy.Fxstreet
Wed, Jun 17
Australian Dollar stays pressured vs USD; holds above 0.7050 as traders await Fed decision
The AUD/USD pair struggles to capitalize on the previous day's hawkish Reserve Bank of Australia (RBA)-inspired bounce and trades with a negative bias for the second consecutive day on Wednesday.Fxstreet
Wed, Jun 17
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