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MUFG: Malaysian Ringgit Range-Bound vs USD, BNM on Hold Through 2026
MUFG analyst Lloyd Chan says Bank Negara Malaysia kept the OPR at 2.75% and expects no change through 2026, keeping the ringgit range-bound against the US dollar amid broadly stable domestic fundamentals.
Commerzbank: China's Widening PPI-CPI Gap May Weigh on USD
Commerzbank analysts note that China’s June CPI slowed to 1.0% YoY while PPI rose 4.1%, widening the reflation gap and potentially pressuring the US Dollar.
Dollar Index Holds Steady Amid Geopolitical Tensions, Fed Uncertainty
The US Dollar Index (DXY) trades in a tight range on Friday as a sparse economic calendar leaves traders focused on Middle East developments and the Federal Reserve's policy outlook.
EUR/USD Holds Flat Near 1.1430 Despite Soft Eurozone Inflation
EUR/USD traded in a muted fashion near 1.1430 on Friday, supported by a weaker US dollar despite disappointing inflation data from Germany and France.
US Dollar Weekly Forecast: Sticky Inflation Keeps Higher-for-Longer Alive
The US Dollar traded in a volatile fashion this week, leaving the DXY slightly positive around 101.00 as sticky inflation reinforces a higher-for-longer interest rate outlook.
British Pound Holds Firm as Trump Ceasefire Comment Tests USD
The British Pound remained steady on Friday as risk appetite declined after President Trump stated on social media that the ceasefire is over, despite ongoing negotiations. GBP/USD traded at 1.3406.
Fed Monetary Policy Report Cites High Inflation Due to Tariffs
The Federal Reserve released its monetary policy report, acknowledging that inflation remains elevated and the labour market is broadly stable, citing tariffs as a factor for high inflation.
EUR/USD Weekly Forecast: Flat Finish Near 1.1400 Amid Cautious Markets
The EUR/USD pair ended the week virtually unchanged just above 1.1400, as markets remained cautious due to scarce macroeconomic data and ongoing Middle East tensions.
Silver Edges Lower as Fed Rate Hike Bets Limit Recovery Amid Tensions
Silver (XAG/USD) trades slightly lower on Friday, around $59.90, down 0.08%, as Federal Reserve rate hike expectations cap any upside despite ongoing Middle East tensions.
NZD/USD Extends Recovery but Overhead SMAs Limit Gains
NZD/USD continues to recover for a second consecutive week after the RBNZ rate hike, but key moving averages cap upside potential.
UOB: USD/SGD Range-Bound Between 1.2905 and 1.2940
UOB analyst Quek Ser Leang notes USD/SGD remains range-bound, with intraday action expected between 1.2905 and 1.2940 as recent price moves provided no fresh directional cues.
AUD/USD Rises on Yuan Strength, Softer Dollar
AUD/USD climbed toward 0.6960 on Friday, supported by a weaker US dollar and renewed Chinese yuan strength, though US-Iran tensions capped gains.
EUR/USD Eases from One-Week High on Middle East Developments
EUR/USD trimmed gains on Friday as the US dollar rebounded, with traders assessing the latest Middle East developments. The pair traded around 1.1433, easing from a one-week high of 1.1460.
Japanese Yen Rises as Japan Urges Pension Funds to Invest Domestically
The Japanese Yen strengthened on Friday, pushing USD/JPY toward 161.80, as Japan encouraged pension funds to invest in domestic assets.
Gold Posts Weekly Loss as Middle East Tensions Re-escalate
Gold lost its bullish momentum and registered weekly losses as renewed tensions in the Middle East deterred buyers.
ECB Base Case: One More Hike Despite Softening Data – OCBC
OCBC strategists say the ECB's June minutes justified the latest rate hike while keeping flexibility, but since then oil prices have fallen and CPI data surprised, yet they still see one more hike as base case.
Canadian Dollar Rises on Stronger-Than-Expected Jobs Data
The Canadian Dollar strengthened against the US Dollar after Canada's June employment report exceeded forecasts, pushing USD/CAD to near its lowest level in more than two weeks.
Mexico June CPI Softens, Bolstering Dovish Banxico Case
Mexico's June inflation data came in below expectations, bringing headline and core measures closer to Banxico's target, according to Societe Generale analysts. This supports the case for a more accommodative monetary policy stance.
OCBC: Indian Rupee Stabilises but Faces Recovery Hurdles Against US Dollar
OCBC strategists note that the Indian rupee faced renewed depreciation pressure as oil prices and geopolitical risks resurfaced, pushing USD/INR towards a one-month high.
TD Securities Sees Canadian Labour Market Softening in June
TD Macro Research forecasts no change in Canadian employment for June, below expectations of a 10k gain, suggesting a softening labor market.
Euro Retraces Gains as Data Fuels ECB Pause Expectations
The Euro gave up most of its daily gains against the US Dollar on Friday, falling back to 1.1430 from a session high of 1.1475, leaving the pair flat on the day amid Eurozone data pointing to an ECB pause.
Silver Slides Amid Renewed Middle East Tensions, Fed Uncertainty
Silver price (XAG/USD) fell 0.73% to near $59.50 during European trading on Friday, reversing early gains as renewed Middle East hostilities and Federal Reserve rate concerns weighed on the metal.
AUD/USD Rises on Hawkish RBA, Iran Diplomacy Pressures USD
The Australian Dollar edged higher against the US Dollar on Friday, trading near 0.6950, supported by a hawkish tone from the Reserve Bank of Australia and diplomatic developments regarding Iran that weighed on the greenback.
Gold Heads for Weekly Loss on Middle East Tensions, Fed Rate Hike Fears
Gold (XAU/USD) is struggling to extend the previous day's gains and is on track for a weekly decline, as renewed Middle East hostilities fuel fears of energy-driven inflation and further Federal Reserve interest rate hikes.