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USD/JPY Edges Higher as Renewed US-Iran Tensions Boost Dollar, Oil
The Japanese yen weakened on Wednesday as escalating US-Iran tensions lifted the US dollar and oil prices, pushing USD/JPY to around 162.50—near 40-year highs.
GBP Resilience Threatened by Political Risks, Rabobank Warns
Rabobank's Jane Foley notes GBP's strength as a G10 performer, supported by UK inflation and BoE rate expectations, but warns of political risks ahead.
Swiss Franc Holds Losses as US-Iran Tensions Boost Dollar
The Swiss Franc weakened against the US Dollar on Wednesday amid renewed US-Iran tensions, dropping nearly 0.7%.
British Pound Falls 0.13% to 1.3340 as Geopolitical Risks Weigh
The British Pound slipped 0.13% against the US Dollar to near 1.3340 during Wednesday’s European session as renewed geopolitical tensions dampened appetite for riskier assets.
ING: NBP to Hold Rates at 3.75% Through Year-End, Weighing on PLN
ING analyst Frantisek Taborsky expects the National Bank of Poland to keep rates at 3.75% through year-end, delaying easing, which puts pressure on the Polish zloty.
AUD/USD Falls to 0.6920 as Iran Tensions, Fed Minutes Weigh
AUD/USD slipped to around 0.6920 on Wednesday, down 0.13% on the day, reversing earlier gains amid renewed geopolitical tensions and caution ahead of the Federal Reserve minutes.
Societe Generale: Krona Weak Despite Strong Swedish Growth and Low Inflation
Societe Generale's Kit Juckes notes that Sweden's strong GDP growth and low inflation contrast with broader G10 dynamics, yet the Krona remains weak. He highlights Sweden's superior debt sustainability.
NZD/USD Retreats Below 0.5700 on Middle East Tensions
The New Zealand Dollar gave up earlier gains versus the US Dollar, falling back below 0.5700 after rejection at 0.5725. Renewed tensions in the Middle East weighed on the pair during the European session.
TD Securities: FOMC Minutes to Highlight Hawkish Debate
TD Securities expects the June FOMC minutes to provide deeper insight into the hawkish policy debate, more than what was conveyed in the press conference.
Gold Slides Below $4,050 as Trump Ends Iran Pact, Markets Eye Fed Minutes
Gold (XAU/USD) dropped 1.40% to around $4,050 on Wednesday as the US Dollar strengthened following President Trump's cancellation of an Iran-related memorandum. Traders are now focused on the upcoming Federal Reserve meeting minutes.
EUR/USD Hesitates Above 1.1400 as Geopolitical Risks Mount
The Euro shows marginal losses against the US Dollar on Wednesday, hovering just above 1.1400 after rejection at higher levels amid rising geopolitical tensions.
Silver Falls 2.34% to $58.56, FXStreet Data Shows
Silver (XAG/USD) fell on Wednesday, trading at $58.56 per troy ounce, down 2.34% from the previous $59.97, according to FXStreet data.
GBP/USD Drops to 1.3352 as Geopolitical Tensions Rise
The pound fell to 1.3352 against the dollar on Wednesday as escalating tensions in the Strait of Hormuz and Iranian attacks on facilities in Kuwait and Bahrain weakened risk appetite.
AUD Slips as Trump Signals End to Iran MoU
The Australian Dollar reversed early gains, falling to near 0.6915 against the US Dollar after Donald Trump indicated that the Memorandum of Understanding with Iran may be over.
AUD/USD Pullback Within Broader Upside Risk – UOB
United Overseas Bank analyst Quek Ser Leang says the recent AUD/USD pullback is part of a broader upside risk against the US dollar, after the pair failed to clear resistance.
Chinese Yuan Holds Near 6.8000 as PBoC Targets Hong Kong Hub
The offshore Chinese yuan (CNH) remains stable around the 6.8000 level despite a series of structural measures from the People's Bank of China aimed at strengthening Hong Kong as a global offshore yuan hub.
GBP/JPY Nears 217.00, Eyes All-Time High at 217.24
The British Pound continues its uptrend against the Japanese Yen, approaching the 217.00 level and targeting the all-time high of 217.24.
FOMC Minutes to Reinforce Hawkish Message, Support Dollar
Markets are not overly concerned with US-Iran tensions, while focus shifts to the Fed's June meeting minutes, expected to reiterate a hawkish stance and underpin the US dollar.
UOB: USD/JPY Bias Tilted Higher, Resistance at 163.00
United Overseas Bank notes USD/JPY is trading firmly after a sharp rise, with intraday bias pointing toward 162.70 and major resistance expected at 163.00.
DXY Stays Range-Bound Near 101.00 as War Talks Continue
The US Dollar Index (DXY) retreated from 101.20 resistance during Wednesday's European session, pulling back to just below 101.00 as hopes for a negotiated end to the war support a range-bound trade.
Dollar Treads Water Between Oil Spike and Uninspiring Fed Minutes
The dollar remains range-bound as rising oil prices from US-Iran tensions offer a mechanical bid, but the greenback fails to trade as a full-blown safe haven, while stale Fed minutes provide no new catalyst.
RBNZ Hikes Rate 25 bps to 2.50%, NZD Strengthens – MUFG
The Reserve Bank of New Zealand raised its policy rate by 25 basis points to 2.50%, its first hike since May 2023. The New Zealand Dollar rallied on the decision, but MUFG sees only two more increases by March.
GBP/USD Momentum Fades After Testing Resistance – UOB
United Overseas Bank (UOB) analyst Quek Ser Leang reports that GBP/USD failed to sustain its recent strong rally, pulling back after testing a key resistance level.
USD/JPY Stays Below 162.40 Resistance on Middle East Tensions, BoJ Dovishness
The US dollar strengthens for a fourth straight session against the Japanese yen, with gains capped below the 162.40 resistance level as resurgent Middle East hostilities and dovish Bank of Japan remarks support the greenback.