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Softer US Inflation Reduces Fed Hike Bets, BoC Seen on Hold
US inflation data came in softer than expected, reducing bets on a Federal Reserve rate hike, while Middle East tensions keep oil prices supported. The Bank of Canada is expected to hold its policy rate steady.
AUD/USD Momentum Builds Toward 0.7015 – UOB
UOB analysts note AUD/USD surged to 0.6992 after an earlier dip, with strong short-term momentum pointing to further gains toward 0.7015.
NZDJPY Poised for Bullish Wave (5) After Corrective Pullback
NZDJPY appears to have completed a corrective wave (4) pullback, setting the stage for a bullish wave (5) that could target the 96–97 area initially.
GBP/JPY Nears Multi-Year Peak as Rate Gap, Iran Risks Weigh on Yen
The GBP/JPY cross climbed to a fresh weekly top around 217.70, supported by the UK-Japan interest rate differential and geopolitical risks from Iran undermining the Japanese yen.
Euro Recovers Against Canadian Dollar, BoC Meeting in Focus
The Euro snapped a three-day losing streak against the Canadian Dollar, rising 0.13% to near 1.6078 as traders eye the upcoming Bank of Canada policy decision.
GBP/USD Advance Stalls, UOB Sees Neutral Range View
UOB analysts note GBP/USD's recent rally has stalled, with the pair closing at 1.3387 after touching 1.3442. Intraday range is seen between 1.3360 and an unspecified upper bound.
DBS Warns USD Long Positions Vulnerable After CPI Surprise
DBS economist Philip Wee warns that speculative long positions in the US dollar are at risk following June's US CPI data, which surprised to the downside.
Gold Rebound Supported by Softer US CPI Data, Analysts Say
Gold has rebounded from sub-4000 levels after softer US CPI data pared Fed hike expectations and pushed down the USD and front-end US Treasury yields, according to OCBC strategists.
Silver Holds Below $59.00 Despite Weak USD
Silver (XAG/USD) trades lower near $58.50 after failing to hold above $59.00. Geopolitical tensions in Iran outweigh the positive effect of a weaker US Dollar Index.
Indian Rupee Strengthens as Fed Rate Hike Bets Diminish
The Indian Rupee gained ground against the US Dollar on Wednesday as traders reduced expectations for further Federal Reserve interest rate hikes.
Risk Appetite Grows in Asia; Hynix +8%, Trump Positive, Mixed China Data
Asian markets saw increased risk appetite as SK Hynix shares surged 8% and Donald Trump adopted a more positive tone. Mixed Chinese economic data and anticipation of a Bank of Korea rate hike tempered sentiment.
EUR/GBP Gains to 0.8535 as Oil Surge Boosts ECB Rate Hike Bets
The euro strengthened against the pound, pushing EUR/GBP to near 0.8535 in early European trading. Rising oil prices have reignited inflation concerns, prompting increased expectations for rate hikes from both the ECB and the Bank of England.
Dollar Index May Rebound from 100.40 After Soft US CPI
A weaker-than-expected US CPI print for June 26 pulled the Dollar Index lower, but analysts suggest it could bounce back from the 100.40 level, allowing the euro, Australian dollar, pound, and yen to strengthen.
EUR/USD Bulls Cautious Below 1.1470 Hurdle, 23.6% Fibo in Focus
EUR/USD attracts dip-buyers after a pullback from the 1.1460-1.1470 resistance zone, but remains confined below the 23.6% Fibonacci retracement level and the 1.1470 hurdle, keeping bulls cautious within a multi-week range.
AUD/JPY Gains Traction Above 113.00, Bullish Trend Remains Firm
The AUD/JPY cross traded higher around 113.25 during early European hours, supported by the Japanese Yen weakening after reports on the Government Pension Investment Fund.
S&P Global Reaffirms Indonesia's Stable Rating, IDR Strengthens
The Indonesian Rupiah gained for a second day after S&P Global Ratings reaffirmed the country's investment-grade credit rating with a stable outlook.
Dollar Index Dips Below 101 as Softer CPI Weakens Rate-Hike Bets
The US Dollar Index slipped below 101 as traders pared expectations for Federal Reserve interest rate hikes after softer-than-expected US CPI data.
Swiss Franc Steadies After US Dollar Drops on Soft Inflation Data
USD/CHF stabilizes near 0.8090 in Asian trading after a 0.7% slide, as softer US inflation data weighs on the dollar.
EUR/JPY Extends Gains, Holds Near Symmetrical Triangle Top at 185.50
EUR/JPY continues its upward momentum for a third consecutive session, trading around 185.40 during Asian hours on Wednesday, as it remains above key moving averages and near the upper boundary of a symmetrical triangle pattern.
NZD/USD Holds Firm Above 0.5800 Despite Weak China GDP
The New Zealand Dollar remains steady against the US Dollar near 0.5825 during Asian trade, supported despite disappointing Chinese GDP data.
AUD/USD Extends Gains Near 0.6980 After China Data
The Australian Dollar strengthened against the US Dollar for a second consecutive day, trading around 0.6980 during Asian hours on Wednesday, supported by key economic data from China.
Iran's IRGC Threatens to Close Strait of Hormuz
The Islamic Revolutionary Guard Corps stated the Strait of Hormuz will remain closed until the end of America's evils.
China's Q2 GDP Grows 4.3% YoY, Misses 4.5% Forecast
China's economy expanded 4.3% year-on-year in Q2 2026, below the 4.5% expected, while quarter-on-quarter growth slowed to 0.9% from 1.3% in Q1.
China Q2 GDP grows 4.3% YoY, misses 4.5% forecast
China's economy expanded 4.3% year-on-year in Q2 2026, below the expected 4.5%, with quarter-on-quarter growth decelerating to 0.9% from 1.3% in Q1.