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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.
USD Edges Higher on Safe-Haven Flows Amid US-Iran Tensions
The US dollar strengthened in early trading as safe-haven demand rose, driven by continued hostilities between the US and Iran in the Persian Gulf, raising concerns over renewed price pressures and inflation.
ING: Higher Energy Prices Support Dollar, Fed Tightening
ING analysts note that rising energy prices and Gulf tensions are boosting the US Dollar against low-yielding currencies. US energy independence and Fed tightening prospects underpin the dollar's strength.
EUR/USD: US Inflation Data to Set the Tone
EUR/USD opens the week near 1.1433 as markets weigh Middle East tensions and await US inflation data. Oil prices retreated after an initial spike on Iran-US news.
Euro Recovers Early Losses Against Canadian Dollar, BoC Policy in Focus
The Euro has reversed early losses against the Canadian Dollar, trading near 1.6170 as traders await the Bank of Canada's policy decision for further cues.
EUR/USD Rises to Near 1.1450 After Breaking Above Nine-Day EMA
EUR/USD gained ground on Monday, trading around 1.1440 during European hours, after breaking above the nine-day EMA. The pair remains capped by the 50-day EMA, keeping the near-term outlook cautious.
DXY Price Forecast: Bears Target Break Below 23.6% Fibo at 100.80
The US Dollar Index pulled back after hitting an intraday high of 101.22, with bears now eyeing a move below the 23.6% Fibonacci retracement level near 100.80.
USD/CHF Bulls Capped Below 0.8100 Despite Risk-Off
The US Dollar posts moderate gains against the Swiss Franc, but price action remains contained within the two-week trading range and the 0.8100 level caps bulls.
Commerzbank: Turkish Lira Under Pressure from Policy Limits
Commerzbank analysts note that policy constraints continue to weigh on the Turkish lira, highlighting a contrast between upbeat remarks from central bank governor Fatih Karahan and more cautious comments from deputy governor Gazi Ishak Kara on inflation.
ING: USD/JPY Intervention Risks Rise as Yen Weakens Above 162
ING strategist Chris Turner warns that USD/JPY grinding above 162 raises intervention risks, noting higher energy prices pressure Asian currencies. Japanese authorities may act ahead of Marine Day, following last year's pattern.
Silver Dips to $58.20 as Bearish Channel Persists
XAG/USD fell to near $58.00 during European hours on Monday, trading around $58.20. Technical analysis shows the price remains within a descending channel pattern, indicating a prevailing bearish bias.
GBP/USD Rally Fades, Risks Test Below 1.3360 – UOB
GBP/USD gapped lower after briefly breaking above 1.3445, with momentum turning down and risks of a test below 1.3360, though 1.3320 is seen as distant.
OCBC Sees USD Gaining 2-3% by End-2026 on EUR, CHF
OCBC strategists expect the US Dollar to appreciate about 2-3% by end-2026, especially against the Euro and Swiss Franc, with CPI data in focus.
EUR/GBP Steadies Near 0.8500 as Upside Attempts Remain Limited
The Euro is trading virtually unchanged against the British Pound on Monday after declining roughly 2% over the past three weeks. A risk-averse mood is capping Euro gains, yet sellers are failing to push below the 0.8500 level convincingly.