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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.
Global Gold ETFs Post Net Increase in H1 Despite May-June Outflows
Gold ETFs worldwide added gold holdings in the first half of the year, even after significant metal outflows in May and June.
Gold Wavers Around $4,100 as Bearish Trend Persists
Gold (XAU/USD) trades near $4,100 in a narrow range, set for a 1.6% weekly decline as renewed Iran hostilities lift oil prices and pressure central banks to hike rates.
Gold Wavers Around $4,100 as Bearish Trend Persists
Gold trades near $4,100, nursing minor losses as the bearish trend remains intact. The metal is on track for a 1.6% weekly decline, pressured by renewed hostilities in Iran that boosted oil prices and raised expectations of central bank rate hikes.
Fed Hike Bets Could Fade If US-Iran Tensions Ease
Wednesday's Fed meeting minutes, the first under new chair Kevin Warsh, drew a muted reaction in rates and FX. Analysts suggest that a de-escalation in US-Iran tensions could reduce expectations for further rate hikes.
Euro Declines as Cooling Eurozone Inflation, Japan Pension Reforms Boost Yen
EUR/JPY trades around 184.95, down 0.35%, as the Yen strengthens on Japan's pension reform announcement and easing Eurozone inflation data.
New Zealand Dollar Retreats from Three-Week Highs as USD Recovers
The NZD eased from a three-week peak near 0.5800, trading around 0.5775 after the US dollar bounced back.
USD Holds Steady as Geopolitical Risks Fade, ING Says
The US Dollar remains broadly unchanged as Middle East tensions fail to boost safe-haven demand, with markets shifting focus to interest rate outlook, according to ING’s Francesco Pesole.
Silver Falls 0.86% to $59.47 on Friday
Silver prices declined on Friday, dropping 0.86% to $59.47 per troy ounce from the previous $59.98, according to FXStreet data.
USD/JPY Falls as Yen Recovers Weekly Losses
USD/JPY dropped to 161.67 on Friday as the yen fully recovered its losses from earlier in the week, with market participants increasing expectations of Japanese intervention.
Canadian Dollar Strengthens Against USD, Says Societe Generale
Societe Generale strategists note that USD/CAD is tactically expensive relative to the 2-year spread and recently faced resistance near 1.4250 before retracing lower.
BoJ May Raise 2026 GDP Forecast in July Report
The Bank of Japan may upwardly revise its fiscal 2026 growth projection in the July quarterly report, while keeping a close watch on inflation overshooting risks, according to sources.
Fed Signals No Near-Term Hikes: Commerzbank
Commerzbank analysts interpret recent data and Fed communications as pointing to stable policy rates in the near term, with no hikes signaled.
USD/JPY Faces Resistance at 161.75 After 100-Pip Reversal
The US Dollar holds losses against the Japanese Yen on Friday, encountering resistance at the 161.75 level following a 100-pip reversal earlier in the session.
BoE Rate Hike Odds Rise as Sterling Outperforms G10
The British pound has been the best performing G10 currency against the dollar over the past month, boosting expectations of a Bank of England rate hike.
Dollar's Next Move Hinges on CPI and Warsh Testimony
The US dollar's trajectory in 2026 remains bullish, with incoming Fed Chair Warsh adding to positive sentiment. Markets now await CPI data and Warsh's first testimony for the next directional cue.
Canada June Employment Data to Drive Loonie as USD Stays Bearish
Canada's June employment report is expected to influence the Canadian dollar, while the US dollar remains under pressure. The Japanese yen also strengthened on reports that Japan may encourage pension funds to increase local investments.
ING: Canada Jobs Report May Reinforce BoC Caution, Weigh on CAD
ING analyst Francesco Pesole notes that Canada's June jobs report is expected to show a sharp slowdown in hiring while wage growth picks up, keeping the Bank of Canada from a hawkish shift.
Japanese Yen Leads G10 Gains on Policy Shift Hints
The Japanese Yen is outperforming G10 currencies after Finance Minister Katayama urged households and the GPIF to increase investments in domestic assets, according to MUFG analyst Derek Halpenny.