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GBP/JPY Ascending Triangle Nears YTD High
GBP/JPY advances 0.59% on Monday, forming an ascending triangle pattern that puts the year-to-date high in play amid intervention fears.
USD Extends Gains as DXY Breaks Range on Fed Shift, Iran Deal – HSBC
HSBC strategists note that the US Dollar has broken out of G10 ranges, supported by a provisional US-Iran peace accord and a shift in Federal Reserve policy.
UOB: USD/CNH Range Trade Persists, Downside Risk Intact
UOB's senior technical strategist expects USD/CNH to trade in a tight range near 6.7950-6.8100, with a potential move toward 6.8300 if support at 6.7900 holds.
US Dollar Eases Before Key US Jobs Data, ECB Forum, China PMIs
The US Dollar Index dipped to near 101.10 on Monday as investors took profits ahead of crucial US labor market data, an ECB forum, and China PMIs.
BNY Warns Dollar Strength Threatens APAC FX, USD/JPY Pivotal
BNY's Geoff Yu warns that renewed US dollar strength is a growing headwind for Asia-Pacific currencies, with USD/JPY identified as the pivotal pair to watch.
HSBC: Euro Faces Political and Growth Risks, Set to Weaken vs USD
HSBC economists expect the ECB to hold interest rates, citing dovish comments from President Lagarde and lower oil prices, and see the euro weakening against the US dollar.
Lagarde: ECB Can Raise Rates to Address Inflation Without Fear
ECB President Christine Lagarde stated the central bank is prepared to raise interest rates to combat inflation without hesitation, warning that the Eurozone may encounter more frequent shocks in the future that could disrupt price stability.
USD Slides for Third Day as Fed Tightening Bets Wane
The US Dollar Index extends its decline for a third consecutive session as market expectations for Federal Reserve rate hikes fade, with swaps now pricing in less than 20 basis points of tightening, according to Scotiabank strategists.
USD/SGD Consolidates Near Recent Lows – UOB
USD/SGD slipped to 1.2929 before recovering, with UOB noting intraday range trading expected between 1.2930 and a resistance level.
Gold price slides as easing US-Iran tensions dent haven demand
Gold (XAU/USD) fell about 1.50% on Monday as risk appetite improved after a halt in hostilities between the US and Iran reduced safe-haven demand.
Aussie Dollar Loses Momentum, No Catalyst in Sight
The Australian Dollar continues to weaken, lacking a catalyst to halt its decline or reverse recent losses, with the US Dollar and geopolitics adding pressure.
EUR/USD climbs above 1.1420 as Eurozone sentiment data mixed
EUR/USD rose above 1.1420 in the American session on Monday, with investors digesting mixed Eurozone sentiment figures and awaiting German HICP data.
Canadian Dollar Steadies as Oil Rebounds, US Jobs Data in Focus
USD/CAD trades near 1.4210 as traders await key US labor market reports, including June Nonfarm Payrolls on Thursday. A rebound in oil prices provides support for the loonie.
Pound Sterling Gains 0.4% on Burhnham Fiscal Commitment
The Pound Sterling advanced 0.40% on Monday after Andy Burhnham, set to become the new Prime Minister, pledged to adhere to fiscal rules set by Chancellor Rachel Reeves.
HSBC: UK Leadership Turmoil and Weaker Carry Weigh on Sterling
HSBC warns that the British Pound faces increased downside risks following Prime Minister Starmer's resignation and the resulting political uncertainty, compounded by a weakening carry advantage.
OCBC Warns Asian FX Vulnerable on Dollar Strength, Risk-Off
OCBC strategists Sim Moh Siong and Christopher Wong expect Asian currencies to start the week softer, citing AI-led equity losses and renewed US–Iran tensions supporting the dollar.
AUD/USD Slips to Near Three-Month Low Ahead of RBA Minutes
The Australian Dollar edged lower on Monday, trading near 0.6880 against the US Dollar, a three-month low, as traders await the release of the Reserve Bank of Australia minutes for fresh direction.
EUR/USD Range Trading Likely to Persist – Scotiabank
Scotiabank strategists note EUR/USD is trading within a short-term channel as markets await ECB President Lagarde's comments at the Sintra symposium, which historically has had limited impact on near-term price action.
Commerzbank: China Slowdown Weighs on CNY Against USD
Commerzbank analysts note that China’s industrial profit growth slowed to 21.1% year-on-year in May, and weaker consumption and investment point to easing growth, putting pressure on the Chinese yuan against the US dollar.
China Targets Japan in Export Controls, Bolstering JPY Risk Premium
BNY notes that China's expanded export control list including Japanese entities raises supply chain risks for defense and rare earths, while strong Japanese commercial sales support the yen's risk premium.
Canadian Dollar Gains Relief Against USD as Rate Spreads Narrow
Scotiabank strategists note the Canadian Dollar (CAD) has strengthened modestly as US/Canada short-term rate spreads retreat from last week's highs, though differentials remain wide.
ECB Sintra Meeting: Fed's Warsh In Focus Ahead of Payrolls
The ECB's annual meeting in Sintra begins today, with Fed nominee Warsh speaking on Wednesday. Markets are also bracing for Thursday's US payrolls report.
Rabobank: De-dollarisation debate heats up as tariff safe-haven bid fails
Rabobank's senior FX strategist Jane Foley examines structural de-dollarisation themes alongside near-term dollar dynamics, noting that the tariff shock failed to generate a traditional safe-haven bid for the dollar and Treasuries in April.
BNY notes post-Sintra pattern favoring Euro against US Dollar
BNY's Geoff Yu highlights a recurring seasonal pattern where hawkish ECB communication from Christine Lagarde after the Sintra forum typically drives EUR/USD gains from late June into early July.