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Australian Dollar loses ground for fourth day as NAB forecasts future RBA rate cuts
The AUD/USD pair trades near 0.7020 on Wednesday, as the Australian Dollar (AUD) continues to lose value after the latest United States (US) inflation report was released mostly in line with expectations, reinforcing the view that the Federal Reserve (Fed) could keep interest rates elevated for long
Fxstreet
Wed, Jun 10
Euro steadies as markets digest US inflation data and await ECB decision
The Euro (EUR) holds modest gains against the US Dollar (USD) on Wednesday as the Greenback comes under modest pressure following the release of US inflation data. At the time of writing, EUR/USD trades around 1.15548, up 0.15% on the day.
Fxstreet
Wed, Jun 10
Japanese Yen: Bearish outlook against USD as BoJ hike priced – Scotiabank
Scotiabank’s Shaun Osborne and Eric Theoret say the Japanese Yen (JPY) is soft and underperforming most G10 currencies despite stronger Producer Price Index (PPI) data, with markets fully pricing a 25 bps Bank of Japan (BoJ) hike next week and another by December.
Fxstreet
Wed, Jun 10
Mexican Peso: Softer carry but relative support – Rabobank
Rabobank strategists Molly Schwartz and Christian Lawrence discusses Mexico in its latest Mexican Peso (MXN) Market Musings, noting that the Mexican Peso has gained against the US Dollar (USD) year-to-date but weakened recently.
Fxstreet
Wed, Jun 10
Euro: Supported by heavy sovereign issuance – BNY
BNY highlights that European governments have raised a record USD 504 billion via syndicated bonds in 2026, driven by defense, infrastructure and energy-transition spending. Despite higher yields and rate uncertainty, demand remains strong, helping governments manage refinancing needs.Fxstreet
Wed, Jun 10
Canadian Dollar gains as US inflation data fails to boost the US Dollar, BoC decision eyed
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Wednesday as traders digest the latest US Consumer Price Index (CPI) data and await the Bank of Canada's (BoC) interest rate decision.
Fxstreet
Wed, Jun 10
USD/CAD Price Forecast: Could rebound toward six-month highs near 1.4000
USD/CAD loses ground for the second consecutive day, trading around 1.3930 during the European hours on Wednesday. However, the technical analysis of the daily chart indicates the pair is moving upwards within the ascending channel pattern, signaling an ongoing bullish bias.Fxstreet
Wed, Jun 10
British Pound refreshes weekly high vs broadly weaker JPY amid Mideast tensions
The GBP/JPY cross turns positive for the third straight day following an intraday dip to the 214.30-214.25 region and touches a fresh weekly high during the first half of the European session on Wednesday.
Fxstreet
Wed, Jun 10
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