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GBP/JPY Consolidates Near Two-Month High as Intervention Risks Loom
The GBP/JPY cross is consolidating near a two-month high, with the Japanese yen remaining bearish amid looming intervention risks from Japanese authorities.
Polish Zloty: Rate Hike Expectations Vanish as Inflation Falls – Commerzbank
Commerzbank's Tatha Ghose notes that weaker-than-expected Polish inflation has erased market expectations for 2026 rate hikes and could revive rate cut discussions.
NZD/USD Extends Losses as USD Gains on Safe-Haven Flows
The New Zealand Dollar weakened against the US Dollar on renewed safe-haven demand, with NZD/USD trading around 0.5670 during early European hours.
Swiss Franc Drifts Lower Toward 0.8100 Despite Strong Retail Sales
The Swiss Franc weakened against the US Dollar for a second consecutive day, approaching the 0.8100 level, even as Swiss Real Retail Sales surprised to the upside.
AUD Slides 0.45% as US Treasury Yields Rally, Risk Appetite Wanes
The Australian Dollar fell 0.45% against the US Dollar to near 0.6890 during European trading, pressured by a rally in US Treasury yields that triggered a risk-off mood.
GBP/USD Upside Capped Against US Dollar – UOB
UOB analyst Quek Ser Leang notes a slight pickup in GBP/USD upward momentum after trading between 1.3213 and 1.3277. A retest of 1.3275 is possible, but further gains are seen as capped.
USD/CAD Rebounds Toward 15-Month Highs Near 1.4250
USD/CAD rises during European trading, approaching 1.4250 after minor losses, hovering near 15-month highs.
Indian Rupee Weakens as US Treasury Yields Climb
The Indian Rupee opened lower against the US Dollar on Wednesday, with USD/INR rising to near 94.72 as stronger US Treasury yields and a firmer dollar weighed on risk-sensitive currencies.
EUR/USD Weakens Near 1.1400 as ECB Rate Hike Bets Recede
The euro weakened to around 1.1410 against the dollar on Wednesday after cooling German inflation reduced expectations for further ECB rate hikes.
USD/JPY Extends Rally to Near 162.70 as US Bond Yields Surge
The USD/JPY pair rose 0.1% to around 162.73 during European trading, supported by rising US Treasury yields strengthening the US dollar.
Swiss Franc Declines Ahead of Swiss Retail Sales, SVME PMI Data
The Swiss franc weakened on Wednesday, lifting USD/CHF to around 0.8090 during Asian hours. Traders are eyeing upcoming Swiss Real Retail Sales and SVME Purchasing Managers' Index data.
Gold Caught Between Central Bank Demand and Strong Dollar Headwind
Gold prices are being pulled in opposite directions by central bank reserve diversification and a persistent strong US dollar. The long-term bull case remains intact but near-term headwinds persist.
US Dollar Index Strengthens Above 101.00 on Fed Rate Hike Bets
The US Dollar Index (DXY) has risen above the 101.00 mark, trading near 101.30 in early European hours, as traders increase expectations of a Federal Reserve rate hike.
US Dollar Surges, Weighs on Asian Currencies
The US Dollar is strengthening against Asian currencies as expectations of a less accommodative Fed shift market dynamics.
Indonesian Rupiah Edges Up as June Inflation Rises
USD/IDR trimmed gains and traded near 17,980 during Asian hours on Wednesday after Indonesia reported higher annual inflation for June, providing minor support to the Rupiah.
Euro Faces Potential Drop to 1.13 as Dollar Aims Higher
The Dollar index needs to hold support near 100.90-101 to gradually rise toward 102, which could push the Euro back to 1.13 or lower. Meanwhile, EURINR remains above support at 107 but needs to break above 108 to continue higher.
ECB's Demarco: Central Bank Can Delay Tightening Decision Until Next Projections
European Central Bank Governing Council member Alexander Demarco stated that the ECB can postpone decisions on additional monetary tightening until the next set of economic projections.
GBP/USD Slides Below 1.3250 After Failing at 23.6% Fibo
The GBP/USD pair retreated during Asian trading on Wednesday, falling below 1.3250 after failing to breach the 23.6% Fibonacci retracement level near 1.3275.
AUD/JPY Price Forecast: Softens Below 112.50, Bias Turns Mildly Bearish
The AUD/JPY cross edged lower to around 112.20 in early European trading as the Japanese Yen strengthened on intervention fears.
Gold Hovers Near YTD Low Below $4,000 on Iran Risks, Fed Hike Bets
Gold (XAU/USD) slips back below $4,000 during Asian session, pressured by Iran geopolitical risks and expectations of a Federal Reserve rate hike that bolster the US dollar.
Silver slips below $58 on US-Iran peace uncertainty
Silver (XAG/USD) fell nearly 1% in Asian trading, dipping below $58 as geopolitical tensions between the US and Iran weigh on the precious metal.
USD/CAD Rises as Geopolitical Tensions Boost Safe-Haven Demand
USD/CAD recovered recent losses, trading around 1.4220 during Asian hours on Wednesday, as the US Dollar strengthened on safe-haven demand amid US-Iran Doha talks uncertainty.
Gold Reverses Brief Recovery, Nears 7-Month Low at $3,942
Gold failed to hold above $4,000 in early Wednesday trade, falling back toward seven-month lows near $3,942, as downside bias persists.
New Zealand Dollar Holds Losses Near 0.5665 After China PMI Data
NZD/USD remains under pressure around 0.5665 during Asian trade on Wednesday, extending losses after weaker Chinese economic data.