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Aussie Dollar Struggles Below 0.7000 as Upside Momentum Fades
The Australian Dollar remains unable to sustain upside traction, trading below the 0.7000 level. Analysts note a constructive tone as long as the 200-day moving average holds.
US Dollar Index Rises After Hawkish Fed Comments; CPI in Focus
The US Dollar Index gained momentum after Federal Reserve Governor Waller suggested a July rate hike is possible. Markets now await CPI data.
Yen Weakens on Geopolitical Tensions, USD/JPY Rises toward 162.40
The Japanese yen fell against the US dollar on Monday, pushing USD/JPY near 162.40, as escalating US-Iran tensions and higher oil prices supported the greenback.
Dollar Index Outlook: Geopolitical and Inflation Fears Lend Support
The US dollar opened higher on Monday but quickly reversed gains, remaining within a roughly $50 range. The outlook remains supported by geopolitical uncertainty and inflation concerns.
AUD/USD Dips to 0.6930 as US-Iran Tensions Boost Safe-Haven Dollar
The Australian Dollar fell against the US Dollar on Monday, retreating from 0.6950 to near 0.6930 as escalating US-Iran tensions drove demand for safe-haven assets.
Swiss Franc Hits Two-Week Low Against US Dollar as Middle East Tensions Rise
The Swiss Franc weakened to a more than two-week low against the US Dollar on Monday, with USD/CHF climbing to 0.8126 as traders reacted to renewed hostilities in the Middle East.
British Pound Declines as Oil Shock Strengthens US Dollar
GBP/USD opened the week lower after a surge in oil prices, triggered by Middle East developments, boosted the US dollar. The pair traded at 1.3369, marking a decline.
Canadian Dollar Gains as Oil Prices Surge on Middle East Supply Risks
The Canadian Dollar outperformed most major peers on Monday as renewed Middle East tensions pushed oil prices higher amid risks of supply disruption in the Strait of Hormuz.
USD/JPY Back Above 162.00 on Higher Energy Prices – MUFG
MUFG analyst Lee Hardman reports the Japanese yen has weakened again, pushing USD/JPY above 162.00 as higher energy prices and fading impact from last week's verbal intervention weigh on the currency.
Yen Weakens Past 162 as Japan Delays GPIF Overhaul
The yen slid through the 162 level against the dollar after reports that Japan has no immediate plans to revise the Government Pension Investment Fund's asset allocation, removing a much-hoped-for support mechanism.
Swiss Franc to Stay Near 0.9200 Against Euro as SNB Curbs Inflows
The Swiss Franc is expected to remain range-bound near 0.9200 per Euro as the Swiss National Bank actively neutralizes safe-haven inflows driven by geopolitical tensions.
SNB Actively Selling CHF to Counter Safe-Haven Inflows, Rabobank Says
Rabobank's senior FX strategist Jane Foley notes that the Swiss National Bank has been actively selling Swiss francs and signaling a greater willingness to intervene, dampening safe-haven demand since the Iran conflict.
EUR/USD rises above 1.1400 as USD loses ground
EUR/USD trades with a mild positive bias on Monday, climbing above 1.1400 as the US Dollar gives back earlier gains. The pair is currently around 1.1424 after recovering from an intraday low.
DXY Stays in 100.5-102 Range as Market Awaits Warsh, CPI – DBS
The US Dollar Index has been confined between 100.5 and 102 for three weeks as traders await clarity on the Fed's next move, according to DBS Group Research economist Philip Wee.
RBNZ Hawkish Stance Supports NZD, UOB Says
UOB analysts note the Reserve Bank of New Zealand raised its cash rate to 2.50% and maintains a hawkish tone due to persistent inflation risks, which supports the New Zealand dollar.
Gold drifts below $4,100 amid risk-off mood, bears exhausted
Gold (XAU/USD) extends losses on Monday, trading below $4,100 as risk-off sentiment prevails due to US-Iran tensions, though signs of bear exhaustion appear.
Energy Rally and Gulf Tensions Boost Dollar Against Euro
Rising energy prices and a deteriorating situation in the Gulf are supporting the dollar against low-yielding currencies like the euro. Natural gas prices are also creeping higher, raising concerns for Europe.
Canadian Dollar Supported by Steady BoC Outlook – BNY
BNY's Geoff Yu says the Bank of Canada is expected to hold its policy rate at 2.25%, with markets pricing no cuts until later, supporting the Canadian dollar against the US dollar.
GBP/USD Bounces to Near 1.3400 as US Dollar Weakens
The British Pound recovered early losses and flattened near 1.3400 against the US Dollar during European trading as the Greenback reversed course.
BBH Sees Modest USD Gains on Fed Data, Stabilizing Labor Market
Brown Brothers Harriman's Elias Haddad notes the US dollar traded mixed but expects modest gains over the next couple of months, supported by stabilizing labor markets and inflation data.
AUD/USD Momentum Fades, Pair to Range 0.6890-0.6960 – UOB
UOB analysts report that AUD/USD's tentative upside momentum has faded, with the pair trading in a sideways band between 0.6920 and 0.6960 intraday. The 1-3 week outlook sees the currency pair fluctuating within a 0.6890 to 0.6960 range.
Indian Rupee Faces Range-Bound Risk Ahead of June CPI – SocGen
Societe Generale strategists warn that India's June Consumer Price Index release could introduce range-bound trading risks for the rupee, with the 10-year IGB yield holding near its 200-day moving average.
GBP Reaction Hinges on Chancellor Pick Under Incoming PM Burnham – BNY
BNY's Geoff Yu says UK assets, including GBP and gilts, will respond more to the choice of chancellor under Prime Minister Andy Burnham than to the leadership change itself.
AUD/USD Wavers Near 0.6950 as Bearish Momentum Fades
The Australian Dollar edges lower but finds support above 0.6120 as USD weakness offsets risk-off sentiment from Iran tensions.