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NZD Rises After RBNZ Rate Hike, AUD/NZD Falls
The New Zealand Dollar strengthened following the Reserve Bank of New Zealand's interest rate decision, pushing the AUD/NZD cross lower after three consecutive days of gains. The pair traded around 1.2170 during Asian hours on Wednesday.
New Zealand Dollar Rallies to 0.5700 on Expected RBNZ Rate Hike
The NZD/USD pair climbed to 0.5700 as the Reserve Bank of New Zealand is anticipated to raise interest rates, attracting buyers during the Asian session.
RBNZ Hikes Rate by 25bps to 2.50% as Expected
The Reserve Bank of New Zealand raised its official cash rate by 25 basis points to 2.50%, in line with market expectations.
GBP/USD Falls to Near 1.3350 After US Strikes on Iran
The British Pound weakened against the US Dollar, dropping to around 1.3355 on renewed geopolitical tensions following US strikes on Iran.
RBNZ Hikes Rate by 25 bps to 2.50% as Expected
The Reserve Bank of New Zealand raised its official cash rate by 25 basis points to 2.50% at its June meeting, in line with market expectations.
Silver Holds Near Bearish Flag Support Around $59.80
Silver (XAG/USD) trades with a negative bias for the third straight day, hovering around $59.80 during Asian session. Price defends bearish flag support near mid-$59.00s.
EUR/USD Struggles Above 1.1400 as US-Iran Tensions Boost Dollar
EUR/USD holds above 1.1400 but fails to attract buyers as renewed US strikes on Iran support the US dollar ahead of the FOMC minutes.
PBOC Sets USD/CNY Fix at 6.8077, Weaker Than Previous
The People's Bank of China set the USD/CNY reference rate at 6.8077 on Wednesday, slightly higher than the previous day's fix of 6.8054, indicating a marginal weakening of the yuan.
RBA's Hunter: Board Will Intervene to Bring Inflation to Target
Reserve Bank of Australia Assistant Governor Sarah Hunter said the central bank will act as necessary to return inflation to target, noting the recent oil shock has not yet caused a significant economic slowdown.
Yen Edges Higher on Renewed Intervention Fears, USD/JPY Near 162.35
The Japanese Yen strengthened against the US Dollar during early Asian trading as traders remained alert to possible intervention by Japanese authorities. USD/JPY traded with mild losses near 162.35.
Vantage Secures CMA Category 5 Licence, Strengthening Its MENA Growth Strategy
Vantage secured a Capital Market Authority Category 5 introducer license in the UAE, strengthening its MENA growth strategy according to CEO Marc Despallieres.
New holding company proposal and trading update
IG Group issued an update on its strategic review, including a proposal to establish a new Group holding company and a refreshed organisational model, with a trading update for the half year ended 30 June 2026.
AUD/USD Dips on Middle East Tensions After Hormuz Strikes
The Australian Dollar fell to two-day lows, down 0.39%, as a US Dollar rally was triggered by rising geopolitical risks after strikes in the Strait of Hormuz. AUD/USD traded at 0.6928 after hitting a daily high earlier.
UOB: USD/CNY Range Holds with Modest Upward Momentum
UOB analyst Quek Ser Leang notes that USD/CNY remains within its established range, with only modest upward momentum despite a recent push higher.
Euro's Bullish Case Wanes Amid Mixed Market Signals
The Euro failed to capitalize on hawkish ECB remarks, softening US payrolls data, and a quiet Fed official, with geopolitical concerns weighing on the currency.
GBP/JPY Reverses from 217.00, Trades at 216.50
GBP/JPY reversed course on Tuesday, losing 0.24% as the Japanese Yen recovered against most G8 currencies except the US Dollar. The pair traded at 216.51 after reaching a multi-year high near 217.00.
New Zealand Dollar Slides Ahead of RBNZ Decision
The NZD/USD pair weakened to near 0.5680 as traders await the Reserve Bank of New Zealand's policy decision on Wednesday, while the US Dollar remains supported by cautious Federal Reserve commentary.
Iran Strikes Ships in Strait of Hormuz, Claims Fulfilling Commitments
Iran's foreign ministry insisted it is meeting its Strait of Hormuz commitments after projectiles struck a Qatari LNG carrier and a Saudi tanker in the waterway.
Pound's Nine-Day Rally Against Dollar Ends on Geopolitical Headline
The British pound's nine-session winning streak against the US dollar came to a halt on Tuesday, triggered by a geopolitical development that broke the run.
UOB: USD/SGD Upside Risk for SGD Remains Contained
United Overseas Bank notes USD/SGD closed near 1.2924, with short-term momentum turning slightly. The upside risk for the Singapore dollar stays limited against the US dollar.
RBNZ Expected to Hike OCR by 25 bps to 2.50%
The Reserve Bank of New Zealand is widely expected to raise the Official Cash Rate by 25 basis points to 2.50% on Wednesday, marking the first hike after three consecutive meetings.
US Dollar Steadies as Fed’s Williams Keeps Inflation Caution Alive
The US Dollar Index holds near 101.00 after a modest recovery, as traders digest softer labor data and cautious remarks from Federal Reserve official John Williams.
Central Banks Expect Ongoing De-Dollarization, Gold Demand to Rise
A survey by the Official Monetary and Financial Institutions Forum indicates central bankers anticipate continued de-dollarization, with gold and other currencies gaining importance in the global monetary system over the next several years.
DBS: Vietnam Central Bank to Hold Refi Rate at 4.50% Through 2026
DBS Group Research economist Chua Han Teng expects the State Bank of Vietnam to keep its refinancing rate at 4.50% until end-2026, citing easing inflation, a stable dong, and strong GDP.