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EUR/USD Edges Higher Above 1.1350 on Softer Fed Tone, Focus on US Jobs Data
The euro traded modestly higher near 1.1380 as the dollar weakened on less hawkish remarks from Fed Chair Kevin Warsh. Traders are now awaiting US June jobs data.
Gold Rebounds to Near $4,050 on Softer Fed Stance, US NFP Data in Focus
Gold price gains momentum to around $4,045 in early Asian session Thursday, recovering from near seven-month lows as traders assess fresh remarks from the Federal Reserve and await US NFP data.
GBP/JPY breaks range, targets 216 as RSI turns bullish
The Pound Sterling is rising against the Japanese Yen, breaking out of a trading range with RSI signaling bullish momentum, targeting 216 despite intervention threats from Japanese authorities.
USD/CNH Consolidates as UOB Notes Limited Downside
UOB's Quek Ser Leang observed USD/CNH dip to 6.7865 before rebounding, citing oversold conditions that suggest limited further downside and an intraday range of 6.7860–6.7990.
US Dollar Holds Near 101.40 on Mixed Data, NFP Caution
The US Dollar Index (DXY) held near the 101.40 area, supported by resilient manufacturing activity and elevated long-term Treasury yields, while traders remained cautious ahead of the NFP report.
Banxico Survey Shows Private Analysts Lower Mexico Inflation Forecasts for 2026
The Bank of Mexico's latest survey reveals private economists have reduced their inflation expectations for the end of 2026, alongside updated projections for economic growth, the exchange rate, and interbank lending rates.
USD/KRW to Trade Rangebound, Says Societe Generale
Societe Generale analysts note that USD/KRW has stalled after meeting resistance near 1561 in June and now appears set to trade within a range, with limited evidence of a large decline.
Mexican Peso Slides on USMCA Cancellation Fears and Dollar Strength
The Mexican Peso weakened against the US Dollar on Wednesday as speculation about a potential cancellation of the USMCA free trade agreement weighed on the currency, alongside broad-based USD strength. USD/MXN traded at 17.55.
Commerzbank: Stable Conditions Support Thai Baht
Commerzbank reports that Thailand's May data shows stable economic conditions, with exports boosted by electronics demand but facing risks from US trade policy and regional manufacturing.
China PMI Data Surprises Upside, Tempers Easing Expectations
China's manufacturing and non-manufacturing PMIs beat expectations, reducing pressure for immediate policy easing, according to MUFG strategist Michael Wan.
UOB: USD/SGD Consolidating in Narrow Range
UOB's Quek Ser Leang notes USD/SGD is consolidating after a Monday dip, with a neutral near-term outlook and a projected 1.2870–1.2970 range over 1-3 weeks.
US Dollar Index Holds Above 101.00 as Fed Rate Hike Bets, NFP in Focus
The US Dollar Index (DXY) remains steady above 101.00, supported by Federal Reserve rate hike expectations, while traders await the upcoming Nonfarm Payrolls report after weaker-than-expected economic data.
Yen Steadies Near 40-Year Low as USD/JPY Holds 162.50
The USD/JPY pair traded near 162.50 on Wednesday without clear direction as investors digested mixed US economic data and ongoing pressure on the Japanese yen near a 40-year low.
Gold Recovers but Sellers Maintain Control Near $4,071
Spot gold peaked at $4,115.48 on Wednesday, its highest in over a week, but later pulled back to $4,071 as the US dollar weakened after a strong start, keeping sellers in charge.
Gold Bounces Off $4000 Support, US Labor Data in Focus
Gold price rose 2.2% on Wednesday after failing to break below the $4000 support level for the sixth consecutive time. Traders now eye upcoming US labor data for further cues.
Kevin Warsh Offers No Policy Clues, but Markets Find Their Answer
Financial markets at the Sintra conference sought clues on the Fed's next move but received no clear signals from Chair Kevin Warsh. However, markets interpreted his stance as confirmation that policy clues will become harder to decipher.
Pound Sterling Rises on Soft US Data Despite Warsh's Hawkish Comments
The British Pound gained 0.14% on Wednesday, supported by softer US economic data even as Fed Chair Kevin Warsh struck a hawkish tone and ruled out forward guidance.
Warsh: Inflation Remains Fed's Top Priority, No Policy Shift
Fed Chair Kevin Warsh stuck to the script at the ECB Forum in Sintra, reiterating that inflation remains the top priority and offering no new signals to alter market expectations.
AUD/USD Drops to 0.6900 as Mixed US Data Sparks Caution
The Australian dollar fell to 0.6900 against the US dollar on Wednesday amid cautious trading, as investors weighed mixed US economic data including a still-expanding ISM Manufacturing PMI and softer ADP private payrolls.
EUR/USD Pares Losses on Soft US Data, Warsh Remarks
EUR/USD recovers some losses after softer-than-expected US economic data and comments from Fed Chair Kevin Warsh weigh on the US Dollar.
Colombia Central Bank Hikes 75bp to 12% as Societe Generale Flags Hawkish Bias
Colombia's central bank raised its key interest rate by 75 basis points to 12%, exceeding expectations, as it maintains a hawkish stance amid elevated inflation, according to Societe Generale.
Silver Rebounds Above $60 as US Economic Data Disappoints
Silver (XAG/USD) rallied over 3% to trade near $60.35 on Wednesday, buoyed by a weaker US dollar after softer-than-expected US economic data and comments from Federal Reserve Chair Kevin Warsh.
Canada's Q2 GDP Rebound Supports Cautious Outlook: NBC
National Bank of Canada notes the Canadian economy began Q2 on a stronger-than-expected footing, with real GDP boosted by energy and manufacturing sectors, supporting a cautious outlook.
HSBC: UK Inflation Risks More Balanced After US-Iran Peace
HSBC analysts note that UK inflation remains above target but see risks as more balanced following the US-Iran interim peace agreement.