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British Pound: Further downside risk toward 1.3240 against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note GBP/USD remains under pressure after last week’s plunge, with scope for another test of 1.3300 before a recovery.
GBP/USD
Fxstreet
Wed, Jun 10
Euro remains near two-month lows with all eyes on US CPI release
The Euro (EUR) ticks up for the third consecutive day against the US Dollar (USD) on Wednesday, but remains capped below a previous support zone at 1.1575, with the two-month lows, in the 1.1500 area, at hand.
EUR/USD
Fxstreet
Wed, Jun 10
Euro flatlines against British Pound as traders brace for ECB rate decision
The EUR/GBP cross trades on a flat note near 0.8625 during the early European trading hours on Wednesday. Traders prefer to wait on the sidelines ahead of the European Central Bank (ECB) interest rate decision on Thursday.
EUR/GBP
Fxstreet
Wed, Jun 10
Forex Today: Markets await US inflation data, BoC rate decision
Here is what you need to know on Wednesday, June 10:
Fxstreet
Wed, Jun 10
Japanese Yen: Weakens gradually against US Dollar toward 160.75 – UOB
UOB’s Quek Ser Leang and Lee Sue Ann describe USD/JPY as range-bound intraday between 159.90 and 160.40 after a brief spike and reversal, but maintain a slightly positive multi-day stance.
USD/JPY
Fxstreet
Wed, Jun 10
Canadian Dollar holds near lows ahead of US CPI, BoC’s monetary policy decision
The Canadian Dollar (CAD) edges up against the US Dollar (USD) on Wednesday, with the USD/CAD pair trading near1.3940 after hitting year-to-date highs at 1.3969 on Tuesday.
USD/CAD
Fxstreet
Wed, Jun 10
Euro: Downtrend against US Dollar targets lower supports – UOB
UOB’s Quek Ser Leang and Lee Sue Ann describe EUR/USD price action as short-term consolidation between 1.1505 and 1.1555 after last week’s sharp drop.
EUR/USD
Fxstreet
Wed, Jun 10
British Pound gains ground to near 1.3400 ahead of US CPI release
The GBP/USD pair trades in positive territory around 1.3390 during the early European trading hours on Wednesday. Markets might turn cautious later in the day ahead of the US May Consumer Price Index (CPI) inflation report.
GBP/USD
Fxstreet
Wed, Jun 10
Japanese Yen languishes despite wholesale inflation accelerates in May
USD/JPY flatlines after experiencing volatility, trading around 160.40 during the Asian hours on Wednesday. The pair continues to hold its ground, reflecting a struggling Japanese Yen (JPY) that has failed to find support despite a massive acceleration in wholesale inflation.
USD/JPY
Fxstreet
Wed, Jun 10
Indian Rupee flattens while flaring US-Iran tensions dampen outlook
The Indian Rupee (INR) opens almost flat against the US Dollar (USD) on Wednesday.
Fxstreet
Wed, Jun 10
EUR/JPY Price Forecast: Strengthens above 185.00, while bullish trend eyes consolidation
The EUR/JPY cross gathers strength to near 185.20 during the early European session on Wednesday. The Euro (EUR) edges higher against the Japanese Yen (JPY) amid expectations that the European Central Bank (ECB) would raise rates at its June policy meeting on Thursday.
EUR/JPY
Fxstreet
Wed, Jun 10
AUD/USD Price Forecast: Consolidates above 0.7000/two-month low; bearish potential intact
The AUD/USD pair oscillates in a narrow range during the Asian session on Wednesday and moves little following the release of mixed inflation figures from China.
AUD/USD
Fxstreet
Wed, Jun 10
US CPI data set to show inflation at three-year high in May, backing Fed hawkish tilt
The US Bureau of Labor Statistics (BLS) will publish the May Consumer Price Index (CPI) data on Wednesday. The report is expected to show another step up in consumer inflation, driven by the persistently high Oil prices due to the ongoing crisis in the Middle East.
EUR/USD
Fxstreet
Wed, Jun 10
EUR/USD Price Forecast: Flattens around 1.1545 ahead of US Inflation data
The EUR/USD pair trades in a tight range around 1.1545 during the Asian trading session on Wednesday. The major currency pair consolidates as the US Dollar (USD) trades calmly ahead of the United States (US) Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT.
EUR/USD
Fxstreet
Wed, Jun 10
Swiss Franc remains subdued as traders adopt caution due to Middle East concerns
USD/CHF extends its gains for the fourth successive day, trading around 0.7990 during the Asian hours on Wednesday. The pair may further appreciate as the safe-haven demand could support the US Dollar (USD), which could be attributed to the renewed Middle East tensions.
USD/CHF
Fxstreet
Wed, Jun 10
Canadian Dollar steadies as oil prices rise
USD/CAD inches higher after posting minor gains in the previous day, trading around 1.3950 during the Asian hours on Wednesday.
USD/CAD
Brent
Fxstreet
Wed, Jun 10
British Pound consolidates below 1.3400 vs USD amid fresh Iran tensions, ahead of US CPI
The GBP/USD pair struggles to capitalize on its recovery gains recorded over the past two days, from a three-week low, and oscillates in a narrow band during the Asian session on Wednesday.
GBP/USD
Fxstreet
Wed, Jun 10
New Zealand Dollar holds steady on mixed China's inflation releases, US CPI data looms
The NZD/USD pair holds steady around 0.7030 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) steadies against the US Dollar (USD) following China’s economic data. All eyes will be on the US May Consumer Price Index (CPI) inflation report later on Wednesday.
NZD/USD
Fxstreet
Wed, Jun 10
China’s CPI inflation misses expectation in May: What 1.2% mean for the Australian Dollar
China’s Consumer Price Index (CPI) climbed 1.2% in May from a year ago after arriving at a rise of 1.2% in April, the National Bureau of Statistics of China reported on Wednesday. The market consensus was for 1.3% in the reported period.
AUD/USD
Fxstreet
Wed, Jun 10
Japanese Yen hangs near one-month low vs USD as Mideast tensions counter strong PPI print
The USD/JPY pair enters a bullish consolidation phase during the Asian session on Wednesday and moves little following the release of Japan's stronger-than-expected Producer Price Index (PPI).
USD/JPY
Fxstreet
Wed, Jun 10
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