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Asia FX steadies as dollar dips after Powell comments; yen intervention eyed
Investing.com-- Most Asian currencies steadied on Wednesday tracking some overnight weakness in the dollar after Federal Reserve Chair Jerome Powell flagged progress towards bringing down inflation.ThInvesting.com
Jul 3, 2024
NZD/USD sticks to modest gains after weaker Chinese PMI, remains below 50-day SMA
The NZD/USD pair builds on the previous day's goodish rebound from the 0.6050-0.6045 area, or its lowest level since mid-May and attracts some follow-through buyers for the second successive day on Wednesday.
Fxstreet
Jul 3, 2024
Australian Dollar clears losses as market digests Powell’s words and RBA minutes
Tuesday's session witnessed the Australian Dollar (AUD) clearing losses against the US Dollar following the release of the hawkish Reserve Bank of Australia (RBA) minutes and the US JOLTs figures from May.Fxstreet
Jul 2, 2024
GBP/USD Price Analysis: Gains despite standing bearish below 1.2700
The Pound Sterling held to earlier gains against the US Dollar on Tuesday at the time the Federal Reserve Chair Jerome Powell crossed the wires at the European Central Bank (ECB) forum in Portugal and said that inflation may get back to the Fed’s 2% target late next year or the following.Fxstreet
Jul 2, 2024
EUR: Inflation is set to slow down – ING
The relief rally in the Euro (EUR) following French election results being in line with expectations ran out of steam on Monday, and there are doubts there will be significant extra support for the common currency given the open questions ahead of the second round on Sunday 7 July, ING’s FX strategist Francesco Pesole notes.
Fxstreet
Jul 2, 2024
