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GBP/JPY Trades Sideways on Intervention Warnings
GBP/JPY struggles to gain traction as traders remain cautious about potential Japanese intervention after the yen hit a 40-year low against the dollar.
NBC: US Growth Above 2% in 2026, But Sticky Inflation and Fed Skepticism
Analysts from National Bank of Canada note US GDP growth remains healthy above 2% in 2026, but inflation is seen as less benign and Fed skepticism persists.
Yen Hits 40-Year Low, Weighs on Other Majors
The Japanese yen fell to its weakest level in four decades, dragging most major currencies lower against the dollar amid month-end and quarter-end flows.
Swiss Franc Weakens Against US Dollar as Fed Rate Hike Expectations Firm
The Swiss Franc (CHF) traded lower against the US Dollar (USD) as expectations for a Federal Reserve rate hike persist. Markets await US JOLTS Job Openings data for further direction.
Gold Struggles Around $4,000, Hits Fresh YTD Lows
Gold (XAU/USD) trades near $4,000 after hitting fresh year-to-date lows at $3,941 earlier.
USD Momentum Fades Ahead of Data and Warsh – ING
ING strategist Francesco Pesole notes the Dollar is giving back recent gains as risk sentiment improves ahead of US consumer confidence and JOLTS data, with Kevin Warsh also in focus.
AUD/USD Holds Steady as Hawkish RBA Minutes Counter Firm Dollar Ahead of US Jobs Data
The Australian dollar trades flat near 0.6890 as investors digest hawkish RBA meeting minutes, while caution over upcoming US labor data supports the greenback.
Gold Rebounds from Seven-Month Low, Dip Buyers Step In
Gold recovered from a fresh seven-month low of $3,941 on Tuesday as dip buyers helped the precious metal regain some ground.
Euro Trims Gains vs Pound Despite Positive PMI Data
The Euro declined against the British Pound for a second consecutive day, approaching 11-month lows, despite better-than-expected Eurozone PMI figures.
Gold Price Targets $3,600 as Dollar Rebounds and Fed Independence Confidence Grows
Gold is forecast to reach $3,600, supported by a rebound in the US dollar after a three-day decline, growing confidence in the Fed's independence, anticipation of Kevin Warsh's speech in Sintra, and ongoing Middle East tensions.
Silver Rebounds as Fed Rate Hike Expectations Cap Gains Ahead of US Labor Data
Silver (XAG/USD) rebounded on Tuesday, trading around $58.80, up 0.96%, after finding support near $56.60, though gains are limited by expectations of further Fed rate hikes ahead of US labor data.
Nordea: Danish Central Bank May Tolerate Weaker Krone as EUR/DKK Hits Record Low
Nordea strategists note that EUR/DKK is trading at its weakest level since the euro's launch, suggesting the Danish central bank may have quietly shifted its intervention stance to tolerate a weaker krone.
Commerzbank: Rising rates signal risk for Brazilian Real
Commerzbank FX analyst Michael Pfister notes that higher Brazilian interest rate expectations historically weaken the Brazilian Real rather than support it.
USD Rebounds in Asian Trading, JPY Weakens Further
The US dollar has recovered ground during late Asian trading after a dip yesterday, while the Japanese yen continues to lose value against the greenback, reaching levels not seen in some time.
Silver rises to $58.58 per troy ounce, FXStreet data shows
Silver prices (XAG/USD) climbed on Tuesday, trading at $58.58 per troy ounce, up 0.54% from the previous close of $58.27, according to FXStreet data.
Rabobank: Sterling to Grind Lower Against Euro on UK Political Risks
Rabobank's senior FX strategist Jane Foley expects the British pound to decline against the euro, citing UK political developments and potential leadership by Andy Burnham.
Dollar in Focus as June Jobs Report and Fed's Warsh Speech Loom
Investors brace for a busy week with the June jobs report released early and Fed Chair Kevin Warsh's second speech since taking office, both pivotal for the dollar.
New Zealand Dollar Advances as ANZ Outlook Jumps
NZD/USD gained for a second day, trading around 0.5650 during European hours, supported by a sharp rebound in the domestic ANZ outlook.
Gold Eyes October Lows as Decline Extends – Societe Generale
Gold has extended its decline after breaking its 50-day moving average in March, drifting toward late October 2025 lows. Societe Generale strategists note no clear rebound signals despite the stretched move.
US Dollar Index Snaps Three-Day Losing Streak Ahead of NFP Data
The US Dollar Index (DXY) rebounds 0.3%, breaking a three-day losing streak as caution prevails ahead of the upcoming US Nonfarm Payrolls data.
Canada GDP Forecast Cut to 0.7% for 2026, BoC Seen Steady – NBC
National Bank of Canada analysts cut the country's 2026 GDP forecast to 0.7%, highlighting a growth drag relative to the US while the Bank of Canada is expected to hold steady.
Yen slides through 162 as long-term resistance breaks
The Japanese Yen has breached 162.00 against the dollar, hitting 40-year lows despite Japan's economic growth.
British Pound Holds Below 1.3250 After UK GDP Revision
The British Pound weakened against the US Dollar on Tuesday after UK Q1 GDP was revised downward, keeping GBP/USD below the 1.3250 level.
Canadian Dollar Slips as Fed Hawkish Stance Boosts USD
USD/CAD rises for a second day, hovering near 1.4230 as the US Dollar gains strength on expectations of a hawkish Federal Reserve.