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RBNZ Tightening Supports NZD Upside – ABN AMRO
ABN AMRO reports that the Reserve Bank of New Zealand raised its policy rate by 25 basis points to 2.5% and signaled further tightening, which underpins the New Zealand Dollar.
Gold Slides Over 1.3% as Trump's Iran Warning Boosts Dollar
Gold prices fell more than 1.3% on Wednesday after US President Donald Trump declared the agreement to end the war with Iran "over," strengthening the US Dollar.
Silver Price Falls Nearly 2.5%, Eyes $55 Support
Silver (XAG/USD) tumbled almost 2.5% on Wednesday as risk aversion drove demand for the US dollar, pressuring precious metals. The metal is now eyeing the $55 level after extending its lower low sequence.
Euro Slides to One-Year Low Against Pound, Extends Seven-Day Decline
The Euro has fallen to its lowest level in a year against the British Pound, declining in seven of the last eight trading sessions. The move is attributed to weakness in the single currency rather than Pound strength.
USD/JPY Rallies to Near 162.50, Approaching Multi-Decade Highs
The Japanese yen weakened sharply, pushing USD/JPY to around 162.50 on Wednesday, close to four-decade highs. The move is driven by geopolitical risks and caution ahead of the FOMC meeting.
USD Mixed as Iran Tensions Stir Risk-Off; Scotiabank Highlights Fed Repricing
The US Dollar trades mixed with renewed Iran tensions dampening risk appetite, sending stocks lower and oil (Brent) higher, while Scotiabank strategists note ongoing repricing of Fed expectations after a hawkish pivot.
Australian Dollar Bears Eye 200-Day SMA as Upside Stalls
The Australian Dollar remains unable to sustain upside momentum and trades below the key 0.7000 level, with bears now targeting the 200-day simple moving average.
RBNZ Hikes OCR to 2.50% in First Increase in Three Years
The Reserve Bank of New Zealand raised its official cash rate by 25 basis points to 2.50% at 02:00 GMT on Wednesday, marking its first rate hike in three years and a shift from its previous position as the deepest cutter among G10 peers.
MUFG: Dollar Strength Pressures Asia FX, Another Fed Hike Priced In
MUFG analyst Lloyd Chan notes persistent external pressure on Asian currencies as the US dollar and Treasury yields remain firm, with markets fully pricing another Federal Reserve rate hike.
Energy repricing shapes Euro outlook versus USD – ABN AMRO
ABN AMRO strategist Georgette Boele says the Euro’s relationship with energy prices has changed, with recent gains in Oil and Gas weighing on the single currency.
Canadian Dollar Gains as Oil Rally on Geopolitical Tensions Weighs on USD/CAD
USD/CAD trades around 1.4190, down 0.10% on Wednesday, as the Canadian Dollar benefits from a sharp rebound in oil prices driven by renewed geopolitical tensions in the Middle East.
Pound Sterling Edges Higher as Mideast Tensions Boost Oil and Dollar
The British pound posted modest gains against the dollar during North American trade, supported by a surge in oil prices amid escalating Middle East tensions and US President Trump's declaration that the Iran nuclear deal is 'over'.
US Dollar Index Gains on Middle East Tensions, Fed Rate Hike Bets
The US Dollar Index edged higher as renewed US-Iran tensions and expectations of further Fed rate hikes boosted demand for the greenback.
Japanese Yen Weakens on Oil Shock, Approaching Multi-Decade Lows
Scotiabank strategists note the Japanese Yen is underperforming G10 peers as oil price spikes weigh on the currency, with USD/JPY threatening fresh multi-decade lows.
RBNZ Delivers Hawkish Rate Hike to 2.50%, ING Says
The Reserve Bank of New Zealand raised its official cash rate to 2.50%, delivering a more hawkish message than expected and signaling further tightening, according to ING strategist Francesco Pesole. This underpins the New Zealand dollar.
AUD/USD Trades Under Pressure Near 0.6920 After Trump Comments
AUD/USD remains under pressure around 0.6920 as the US Dollar holds firm amid geopolitical risk and caution ahead of the FOMC meeting.
Rabobank: Market Watching Burnham as UK PM Path Clears
Rabobank's Jane Foley highlights that Andy Burnham is likely to become UK Prime Minister on July 20 with an unchallenged path, noting market attention on political dynamics.
British Pound Recovery Eyes 1.36 Against US Dollar – Scotiabank
Scotiabank strategists note the British Pound is slightly softer but supported by a sharp repricing of Bank of England expectations. They suggest the GBP recovery is targeting 1.36 against the US Dollar.
Hawkish Fed Minutes Could Boost US Dollar, Says ING
ING strategist Francesco Pesole suggests the US Dollar Index may find support from hawkish Fed minutes, with recent equity volatility and firm oil prices reinforcing the greenback's safe-haven status.
Silver Falls as Trump Iran Threats Boost Dollar Ahead of Fed Minutes
Silver (XAG/USD) extended its decline on Wednesday, trading around $58.45, pressured by US President Trump's renewed threats against Iran, which strengthened the US Dollar ahead of the Federal Reserve minutes release.
EUR/USD Steadies Above 1.1400 on US-Iran Tensions, FOMC Minutes in Focus
EUR/USD holds above 1.1400 as traders weigh renewed US-Iran hostilities and await the release of FOMC Minutes for further direction.
NZDJPY Option Trade Review: RBNZ Decision Yields Mixed Results
A NZDJPY call option trade performed poorly as the RBNZ delivered a widely expected decision, leaving NZD slightly stronger while USDJPY rallied. The option expires in one day, leaving the outcome to chance.
Euro Consolidates Near 1.14 as ECB Repricing Aids EUR – Scotiabank
Scotiabank strategists note the Euro is consolidating around the low 1.14s, supported by geopolitics and ECB repricing, while markets assess oil's impact on euro area terms of trade.
Trump Says US May Hit Iran Again Tonight, Doubts Deal Holds
US President Donald Trump escalated rhetoric against Iran, stating the US may strike again tonight and expressing doubt that a deal will hold.