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USD/CHF Price Forecast: Aiming for 0.8065 Amid US Dollar Strength
The Swiss Franc pares recent gains against the US Dollar as fresh Middle East tensions dampen risk appetite, with the pair targeting the 0.8065 area.
Gold Price Falls as Middle East Tensions Boost US Dollar Demand
Gold (XAUUSD) declined as a stronger US Dollar, fueled by heightened geopolitical uncertainty in the Middle East, weighed on the precious metal.
Yen Weakens Again, USD/JPY Above 162.00 as Policy Risks Support Higher Yields – MUFG
The Japanese Yen weakened again, pushing USD/JPY above 162.00. MUFG's Lee Hardman notes that policy risks are supporting higher yields.
NZD/USD Slides on Commodity Weakness and RBNZ Uncertainty
The New Zealand Dollar fell 0.50% against the US Dollar, trading near 0.5680, pressured by lower commodity prices and ongoing uncertainty over Reserve Bank of New Zealand policy.
US Jobs Miss Deepens as June Payrolls Rise Only 57,000
June US employment report shows payrolls rising by just 57,000, far below consensus, keeping the yen on watch as markets turn focus to ISM services data.
ING: Dovish Signals Challenge CEE Currency Gains
ING strategist Frantisek Taborsky notes that weaker US data and a softer dollar boosted CEE currencies, but attention now turns to local inflation and central bank policy, which may challenge recent gains.
Silver price falls to $62.02, down 0.64% on Monday
Silver (XAG/USD) declined to $62.02 per troy ounce on Monday, a 0.64% drop from the previous $62.42.
USD Stabilizes After Long Weekend, Fed Minutes in Focus
The USD appears to be recovering after a long weekend and a weak US June employment report. Market attention turns to the Fed's June meeting minutes for further clues.
USD/JPY Faces Risk of New Lows, Says Societe Generale
Societe Generale strategists note USD/JPY has pulled back after testing resistance near 162.80 but remains above the March peak, warning of potential new lows.
Euro Edges Lower Despite Strong German Factory Data
The Euro weakened against the US Dollar on Monday as investor caution outweighed positive German industrial production figures.
RBC: BoC Business Outlook Survey to Gauge Confidence Amid Energy Shock
RBC economists Nathan Janzen and Abbey Xu note the Bank of Canada's Q2 Business Outlook Survey will show how firms reacted to recent energy price volatility, with West Texas Intermediate (WTI) crude oil prices previously near volatile levels.
EUR/USD Range-Bound, Upside Capped by Resistance – UOB
UOB analyst Quek Ser Leang sees EUR/USD consolidating in the short term between 1.1415 and resistance, with flat momentum indicators.
BNY: Softer Data Eases Fed Tightening Pressure, Services PMI Next
BNY strategist Geoff Yu notes that softer US labor data and easing inflation have reduced the need for further Fed tightening, but upcoming Services PMI and ISM Services reports will be critical for shaping rate expectations.
Silver Holds Below $62.50 as Fed Rate Hike Bets Solidify
Silver (XAG/USD) halted its four-day winning streak and traded around $62.30 during European hours Monday, pressured by growing expectations of a Federal Reserve interest rate hike.
Indian Rupee Holds 94-96 Range Against USD – Commerzbank
Commerzbank reports USD/INR eased 0.2% on Friday to 95.20, but gained 0.9% over the week, staying within a 94–96 range.
AUD Slides on Cooler Inflation, Weak Employment Data
The Australian Dollar fell against the US Dollar after cooler inflation reduced pressure on the RBA to hike rates, while weak employment data added to the bearish outlook.
Dollar Supported Ahead of Hawkish FOMC Minutes
The dollar remains relatively supported after last week's softish June jobs report, with hawkish FOMC minutes expected on Wednesday and limited US data this week.
AUD/USD Faces Downside Bias, Consolidation Expected – UOB
United Overseas Bank's Quek Ser Leang notes AUD/USD has stalled after last week's sharp rise, with downside momentum building. The bank maintains a neutral stance for the next 1–3 weeks, expecting consolidation between 0.6870 and a nearby resistance level.
ING: USD Index Upside Risks Remain Supported After Soft Jobs Data
ING analyst Chris Turner notes the US Dollar Index has held up despite soft June jobs data, with low G7 FX volatility and attractive carry trades supporting upside risks.
US Dollar Beats Swiss Franc as Top Safe Haven Amid Iran War Jitters
The US Dollar has surpassed the Swiss Franc in safe-haven status during the Iran conflict, challenging CHF's traditional role as the ultimate geopolitical hedge.
USD/JPY Reverses on Intervention Risks After Touching 162.84
MUFG analyst Teppei Ino noted USD/JPY opened near 161.78 and briefly tested 162.84 before reversing amid Dollar weakness driven by Fed Chair Kevin Warsh's comments and softer US employment data, underscoring intervention risks.
GBP/USD Dips Below 1.3350 as Bullish Momentum Fades on Strait Tensions
The British Pound falls against the US Dollar, dipping below 1.3350, as bullish momentum weakens amid rising tensions in the Strait of Hormuz.
USD/CHF Down 0.25% as Market Eyes US Services PMI Data
The USD/CHF pair slipped 0.25% to around 0.8055 during European trading as the US Dollar rebounded. Traders are monitoring upcoming US Services PMI data and reconsidering Fed rate hike expectations.
UOB: GBP/USD Overbought, Eyes 1.3410 but Pullback Risk Limited
United Overseas Bank analyst Quek Ser Leang notes that GBP/USD remains elevated after last week's surge, with an overbought rally still targeting 1.3410. However, any intraday pullback is expected to stay within a tight range of 1.3320–1.3375, limiting the risk of a clear break below support.