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Euro fails to gain traction as geopolitical risks overshadow ECB rate hike
EUR/USD struggles near two-month lows on Thursday as traders show a muted reaction to the latest European Central Bank (ECB) interest rate decision. Meanwhile, escalating tensions in the Middle East keep risk sentiment subdued and support the US Dollar (USD), leaving the Euro (EUR) on the defensive.
Fxstreet
Thu, Jun 11
Canadian Dollar: Growth outlook steady with soft GDP – RBC
Royal Bank of Canada (RBC) economist Claire Fan notes that Canada’s Gross Domestic Product (GDP) contracted in Q1, but measures of excess slack such as the unemployment rate still align with prior tracking. Fan keeps its growth outlook unchanged, instead lowering potential GDP estimates.
Fxstreet
Thu, Jun 11
Australian Dollar: Gradual grind lower toward 0.6975 – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a negative stance on AUD/USD after the pair closed below 0.7000, though downside momentum is still described as modest. Intraday, they look for further slippage but doubts a clean break of 0.6975.
Fxstreet
Thu, Jun 11
Canadian Dollar: Seen converging to 1.38 against US Dollar – TD Securities
The Global Strategy Team at TD Securities reports that the Bank of Canada left rates unchanged at 2.25% and maintained a balanced tone. They expect the Bank to hold policy through 2026, with the next hike projected for early 2027.Fxstreet
Thu, Jun 11
Canadian Dollar edges lower as safe-haven demand, policy divergence underpin US Dollar
USD/CAD advances toward 1.3975 on Thursday at the time of writing, up 0.23% on the day, with the US Dollar (USD) benefiting from renewed safe-haven demand amid persistent tensions in the Middle East.Fxstreet
Thu, Jun 11
Silver Price Forecasts: XAG/USD picks up above $64.00 with bears still in control
Silver (XAG/USD) appreciates on Thursday, reaching session highs at $64.50 at the time of writing, after hitting two-and-a-half-month lows at $61.50 earlier on the day. News about ongoing negotiations between the US and Iran has soothed markets, providing some support to the ailing white metal.
Fxstreet
Thu, Jun 11
USD/CHF Price Forecast: Could test 0.8000 barrier near ascending channel top
USD/CHF halts its four-day winning streak, trading around 0.7990 during the European hours on Thursday. The technical analysis of the daily chart indicates the pair is moving upwards within the ascending channel pattern, signaling a persistent bullish bias.Fxstreet
Thu, Jun 11
Japanese Yen: Edges lower toward 160.75 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a constructive view on USD/JPY, noting mild but persistent upward momentum. Intraday, they see scope for a test of 160.75 while capping the topside at 161.00.Fxstreet
Thu, Jun 11
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