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Forex Today: US Dollar drops to multi-year lows ahead of mid-tier data
Here is what you need to know on Thursday, June 26:
Fxstreet
Thu, Jun 26
EUR/USD rallies to fresh multi-year highs as Trump threatens Fed independence
The EUR/USD appreciates on Thursday for its sixth consecutive day and is trading near the 1.1700 area at the time of writing, at its highest levels since September 2021.
EUR/USD
Fxstreet
Thu, Jun 26
Pound Sterling extends upside as Trump looks for Fed Powell’s successor
The Pound Sterling (GBP) extends its winning streak against the US Dollar (USD) for the fourth consecutive trading day on Thursday, refreshing an over three-year high at around 1.3725 at the time of writing.
GBP/USD
Fxstreet
Thu, Jun 26
GBP/JPY Price Forecast: Keeps bullish vibe, first upside target emerges near 198.50
The GBP/JPY cross attracts some sellers to near 197.85 during the early European session on Thursday. The Pound Sterling (GBP) softens against the Japanese Yen (JPY) amid the dovish remarks from the Bank of England (BoE).
GBP/JPY
Fxstreet
Thu, Jun 26
INDIA RUPEE-Rupee climbs with Asian peers, forward premiums stick to uptrend
By Jaspreet KalraMUMBAI, June 26 (Reuters) - The Indian rupee strengthened alongside regional peers on Thursday as the dollar was weighed down by concerns over the independence of the U.S. Federal Reserve and a pullback in geopolitical risk premium.The rupee INR=IN rose nearly 0.4% to 85.74 as of 11...
Reuters
Thu, Jun 26
Aussie, kiwi climb toward 2025 highs as US dollar weakens on Fed autonomy concerns
SYDNEY, June 26 (Reuters) - The Australian and New Zealand dollars extended their winning streaks on Thursday, approaching the highest levels so far in 2025, as the U.S. dollar fell to multi-year lows on concerns over the future independence of the Federal Reserve. The Aussie strengthened 0.3% to $0...
Reuters
Thu, Jun 26
EUR/GBP loses ground below 0.8550 ahead of BoE’s Bailey speech
The EUR/GBP cross loses traction to near 0.8525 during the early European session on Thursday, pressured by a stronger Pound Sterling (GBP) broadly. Traders will closely monitor the Bank of England’s (BoE) Governor Andrew Bailey speech later on Thursday.
EUR/GBP
Fxstreet
Thu, Jun 26
FOREX-Dollar slips on Fed credibility concerns, euro close to 4-year high
Dollar at multi-year lows as euro briefly tops $1.1700More reports Trump considering early pick for Fed chairEnd of US 'exceptionalism' undermining dollarBy Wayne Cole SYDNEY, June 26 (Reuters) - The dollar slipped to multi-year lows against the euro and Swiss franc on Thursday as concern...
Reuters
Thu, Jun 26
USD/CNH Price Forecast: Seems vulnerable near YTD low, around 7.1600 amid a bearish USD
The USD/CNH pair attracts fresh sellers following the previous day's modest uptick and touches a fresh year-to-date low, around the 7.1525 area during the Asian session on Thursday. Moreover, a bearish technical setup backs the case for further near-term depreciation for spot prices.
USD/CNH
Fxstreet
Thu, Jun 26
USD/CAD Price Forecast: Wobbles around 20-day EMA
The USD/CAD pair ticks down to near 1.3718 during Asian trading hours on Thursday. The Loonie pair trades slightly lower, while the US Dollar (USD) declines sharply as United States (US) President Donald Trump has reiterated threats to fire Federal Reserve (Fed) Chair Jerome Powell.
USD/CAD
Fxstreet
Thu, Jun 26
Silver Price Forecast: XAG/USD edges higher above $36.00 on softer US Dollar, rising demand
The Silver price (XAG/USD) attracts some buyers to around $36.35 during the early European session on Thursday, bolstered by a weaker US Dollar (USD). Traders will take more cues from the final US Q1 GDP Growth Rate and Fedspeak later on Thursday.
Silver
Fxstreet
Thu, Jun 26
USD/INR gains at open as Trump’s attack on Fed’s autonomy batters US Dollar
The Indian Rupee (INR) opens higher at around 85.85 against the US Dollar (USD) on Thursday.
Fxstreet
Thu, Jun 26
AUD/JPY Price Forecast: Hovers around 94.50, finds initial support at nine-day EMA
AUD/JPY inches lower after registering over 0.50% gains in the previous session, trading around 94.50 during the Asian hours on Thursday.
AUD/JPY
Fxstreet
Thu, Jun 26
USD/CHF languishes near its lowest level since September 2011, below mid-0.8000s
The USD/CHF pair remains depressed for the fourth consecutive day and touches a fresh low since September 2011, around the 0.8025 region during the Asian session on Thursday.
USD/CHF
Fxstreet
Thu, Jun 26
GBP/USD moves above 1.3700, marks fresh multi-year highs
GBP/USD extends its winning streak for the fourth successive session, trading around 1.3710 during the Asian hours on Thursday. The pair has marked 1.3724, a fresh high since January 2022, which was recorded on Thursday.
GBP/USD
Fxstreet
Thu, Jun 26
EUR/USD attracts some buyers to near 1.1700 ahead of US GDP release
The EUR/USD pair extends its upside to near 1.1690 during the Asian trading hours on Thursday. The US Dollar (USD) weakens against the Euro (EUR) as investors are concerned about the future independence of the US Federal Reserve (Fed).
EUR/USD
Fxstreet
Thu, Jun 26
EUR/JPY trades around 169.50, just shy of 11-month highs
EUR/JPY remains steady after registering over 0.50% losses in the previous session, trading around 169.30 during the Asian hours on Thursday.
EUR/JPY
Fxstreet
Thu, Jun 26
FOREX-Dollar slips on Fed credibility concerns, euro tops $1.1700
Dollar at multi-year lows as euro tops $1.1700More reports Trump considering early pick for Fed chairEnd of US 'exceptionalism' undermining dollarBy Wayne Cole SYDNEY, June 26 (Reuters) - The dollar slipped to multi-year lows against the euro and Swiss franc on Thursday as concerns about ...
Reuters
Thu, Jun 26
India Morning Newsletter, June 26
To access a PDF version of this newsletter, please click hereIf you would like to receive this newsletter via email, please register at: https://solutions.lseg.com/MNCIndia-SubscriptionpageFor an index of our newsletters click on NEWSL
Reuters
Thu, Jun 26
Japanese Yen approaches weekly high against a broadly weaker USD
The Japanese Yen (JPY) regains positive traction against a broadly weaker US Dollar (USD), dragging the USD/JPY pair back below the 145.00 psychological mark during the Asian session on Thursday.
USD/JPY
Fxstreet
Thu, Jun 26
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