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Euro edges up above 1.1600 after positive ZEW Economic Sentiment data
The Euro (EUR) holds a moderately positive tone against the US Dollar (USD) on Tuesday, with the EUR/USD pair returning to levels above 1.1600, following upbeat economic sentiment data in Germany and the Eurozone.
Fxstreet
Tue, Jun 16
Japanese Yen: Gradual BoJ tightening keeps currency under pressure – MUFG
MUFG’s Lee Hardman notes the Japanese Yen is little changed after the BoJ’s widely anticipated 0.25% rate hike to 1.00%, with USD/JPY still trading just above 160.00. The BoJ also decided to pause its QE taper from FY2027, while continuing gradual JGB purchase reductions until then.
Fxstreet
Tue, Jun 16
Euro: Unstable floor with downside risks – ING
ING’s Francesco Pesole highlights that EUR/USD has returned to Friday’s levels, with markets prioritizing central bank dynamics over Oil. A wider EUR:USD swap differential contrasts with weaker Eurozone growth and a less dovish Fed, limiting bullish Euro positioning.Fxstreet
Tue, Jun 16
USD/JPY Price Forecast: Needs breakout above 160.70 for fresh leg of rally
The USD/JPY pair ticks down to near 160.25 during the European trading session on Tuesday. The pair trades marginally lower as the Japanese Yen (JPY) outperforms its peers, following the Bank of Japan’s (BoJ) monetary policy announcement.Fxstreet
Tue, Jun 16
Australian Dollar edges up above 0.7050 amid hawkish comments by RBA's Bullock
The Australian Dollar (AUD) remains on its back foot against the US Dollar (USD) on Tuesday, although the pair has bounced up above 0.7050 after hitting session lows near 0.7040 following a monetary tightening pause by the Reserve Bank of Australia (RBA).
Fxstreet
Tue, Jun 16
EUR/JPY Price Forecast: Pulls back toward 185.50 near nine-day EMA
EUR/JPY depreciates after two days of gains, trading around 185.60 during the early European hours on Tuesday. The currency cross holds a mild bullish bias as it trades above the nine-day and 50-day Exponential Moving Averages (EMAs).
Fxstreet
Tue, Jun 16
EUR/USD Price Forecast: Struggles to return above 20-day EMA, eyes on Fed policy
The EUR/USD pair trades marginally lower at around 1.1580 during the European trading session on Tuesday. The major currency pair drops as the US Dollar (USD) rises, with investors awaiting the Federal Reserve’s (Fed) monetary policy announcement on Wednesday.Fxstreet
Tue, Jun 16
Silver Price Forecast: XAG/USD edges lower below $70.00 as bearish bias holds under 100-day SMA
Silver Price (XAG/USD) trades in negative territory around $69.85 during the early European trading hours on Tuesday. The white metal retreats from a weekly high as traders book some profits ahead of the US Federal Reserve (Fed) interest rate decision.
Fxstreet
Tue, Jun 16
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