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JPY: Media report of BoJ equivocation on policy normalization – Scotiabank
The Japanese Yen (JPY) is weak, down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies with all other major currency peers showing modest gains (vs. USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Wed, Jun 4
FOREX-Dollar steady with trade tensions and economic data in focus
US doubles steel duties on Wednesday, to receive 'best offers' from trade partnersTrump to speak this week with China's Xi amid clash over tariff truceJapan's yen slips; sources tell Reuters of BOJ's bond tapering plan for next yearUS ADP data and ISM services report awaitedBy Ke...Reuters
Wed, Jun 4
Sterling edges up, UK avoids higher US metals tariffs
By Johann M Cherian June 4 (Reuters) - Sterling firmed against the dollar on Wednesday, as investors were relieved the United Kingdom was not in the crosshairs of U.S. President Donald Trump's latest tariff escalation, while upbeat economic data also buoyed sentiment.The U.S. doubled duties o...Reuters
Wed, Jun 4
ECB signs off on Bulgaria's euro accession
FRANKFURT, June 4 (Reuters) - Bulgaria has met all criteria to adopt the euro currency from January 1, 2026, the European Central Bank said on Wednesday after assessing progress on a host of indicators from inflation to central bank legislation."This positive assessment of convergence paves the ...Reuters
Wed, Jun 4
EU gives Bulgaria green light to adopt euro from start of 2026
By Jan Strupczewski BRUSSELS, June 4 (Reuters) - The European Commission gave Bulgaria the go-ahead on Wednesday to adopt the euro currency from the start of 2026, making Bulgaria the 21st country to join the single currency area.In a "convergence report" describing how Bulgaria's eco...Reuters
Wed, Jun 4
Russian rouble strengthens on US dollar ahead of the rate decision
MOSCOW, June 4 (Reuters) - The Russian rouble strengthened against the U.S. dollar on Wednesday as markets focused on the central bank's key rate decision later this week, though analysts said any dovish signals could trigger a weakening of the currency. By 1045 GMT, the rouble RUB= was up 0.8% ...Reuters
Wed, Jun 4
Silver Price Forecast: XAG/USD resumes gains with $34.80 on focus
Silver prices (XAG/USD) correction from year-to-date highs below $35.00 has been limited at the $34.00 area, and the precious metal bounced up again to consolidate at the $34.50 area on Wednesday, with the 34.80 high at a short distance.Bears have been contained well above a previous resistance area
Fxstreet
Wed, Jun 4
USD/JPY: Likely to trade in a higher range of 143.30/144.30 – UOB Group
Any further rebound is likely part of a higher range of 143.30/144.30 instead of a sustained advance. In the longer run, price action suggests that USD is still trading in a range, most likely between 142.10 and 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Jun 4
USD/CAD breaks below 200-DMA, downtrend persists – Société Générale
USD/CAD continues its descent after slipping below the 200-DMA, now hovering near a long-term trend line. While momentum indicators show some signs of stabilization, the technical outlook remains fragile without a clear bounce, Société Générale's FX analysts note.
Fxstreet
Wed, Jun 4
NZD/USD: Likely to consolidate between 0.5985 and 0.6030 – UOB Group
New Zealand Dollar (NZD) is likely to consolidate between 0.5985 and 0.6030. In the longer run, rapid buildup in upward momentum indicates further NZD strength; the level to monitor is 0.6095, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Jun 4
USD/CAD Price Forecast: Tests initial support near 1.3950, followed by nine-day EMA
The USD/CAD pair is retracing its recent gains registered in the previous session, trading around 1.3710 during the European hours on Wednesday. The daily chart's technical analysis suggested a persistent bearish sentiment, as the pair consolidates within the descending channel pattern.Fxstreet
Wed, Jun 4
Russian finance ministry plans to continue forex purchases in coming month
MOSCOW, June 4 (Reuters) - The Russian Finance Ministry announced on Wednesday that it plans to continue buying foreign currency and gold for the budget reserve National Wealth Fund (NWF) in the coming month. The ministry said it will buy forex and gold for 28.3 billion roubles for the period from J...Reuters
Wed, Jun 4
AUD/USD: Expected to trade in a range between 0.6445 and 0.6490 – UOB Group
Australian Dollar (AUD) is expected to trade in a range between 0.6445 and 0.6490 against US Dollar (ISD). In the longer run, price action suggests AUD could continue to rise and test the significant resistance level at 0.6540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Jun 4
GBP/USD: A sustained advance can be expected above 1.3600 – UOB Group
Current price movements are likely part of a 1.3490/1.3555 range trading phase. In the longer run, Pound Sterling (GBP) must first close above 1.3600 before a sustained advance can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Jun 4
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