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Fed Hold Expected to Test Dollar’s Resilience: ING
The Federal Reserve is widely anticipated to keep interest rates steady, but two hawkish dissenters may vote for a hike, capping downside for the US dollar, according to ING strategists.
SNB’s Weaker Franc Stance Limits CHF Upside Against Euro, Says Commerzbank
Commerzbank argues that the Swiss National Bank's increased tolerance for a weaker franc is limiting inflationary pressures, capping the franc's gains against the euro.
US Dollar Vulnerable Despite Expected Hawkish Fed Hold
The US dollar stands at a critical juncture as markets brace for a hawkish Federal Reserve rate hold, with the greenback appearing vulnerable.
AUD/USD Pressured Below 0.6950 as Soft CPI Scales Back RBA Hike Bets
AUD/USD falls below 0.6950 after Australia's June CPI undershoots, with Societe Generale highlighting scaled-back RBA rate hike expectations.
EUR/USD Hovers Below 1.1400 as Traders Await Fed Decision
EUR/USD holds minor gains on Wednesday but fails to breach the 1.1400 level, with all eyes on the upcoming Federal Reserve announcement.
Markets See 30% Chance of Fed Hike, Hawkish Shift Could Lift EUR/GBP Rates
Traders assign a 30% probability to a Federal Reserve rate hike at the upcoming meeting, a scenario that could jolt sentiment. Even a hawkish hold could push front-end EUR and GBP rates higher.
Australian Dollar Falls After Softer CPI Data Dims Rate Hike Hopes
AUD/USD dropped nearly 0.5% on Wednesday after Australian inflation figures came in below forecasts, reducing expectations for further rate hikes.
EUR/GBP Pulls Back from 0.8575 Resistance, Bullish Bias Remains
The Euro weakened against the Pound on Wednesday after failing to break above the 0.8575 resistance area, though the broader bullish outlook stays intact.
BoC Minutes to Reveal Policymakers' Inflation Views
Analysts at TD Securities anticipate the upcoming Bank of Canada Summary of Deliberations will provide insight into how policymakers assessed inflation pressures during their July meeting, particularly in light of recent energy price movements and CPI forecasts.
EUR/GBP Eases from 0.8575 Resistance but Bullish Bias Holds
EUR/GBP pulled back from the 0.8575 area on Wednesday as bulls failed to push through, though the near-term outlook remains tilted higher.
GBP/USD Consolidates at Month’s Lows Amid Dollar Strength
The pound traded around 1.3283 on Wednesday, hovering near a one-month low as safe-haven dollar demand firmed on Fed rate-hike expectations and Middle East tensions.
ING Sees Euro Rebounding Toward 1.15 Against Dollar
EUR/USD may have bottomed last week on hopes of geopolitical de-escalation, but a move above 1.15 still depends on dovish Fed repricing and stable risk appetite, according to ING’s Francesco Pesole.
Mid-East Tensions and AI Concerns Trigger Historic Asia Volatility Ahead of FOMC
Asian markets experienced historic volatility on Tuesday, driven by renewed AI funding fears and SK Hynix's earnings, while Middle East tensions simmered and traders positioned for a possible 25bp Fed rate move.
Policy Gap Favors Further Swiss Franc Losses vs Euro – MUFG
MUFG analyst Lee Hardman notes the Swiss franc continues to weaken against the euro, with EUR/CHF reaching new highs as widening yield differentials point to further losses.
Silver Rises to $57.92, Up 1.36% on Wednesday
Silver prices advanced on Wednesday, trading at $57.92 per troy ounce, a 1.36% gain from the prior session’s $57.14.
GBP/USD Near-term Bias Remains Bearish Ahead of Fed and BoE Decisions
GBP/USD edges up to near 1.3300 in European trade as the US dollar softens before the Federal Reserve’s policy announcement. The pair’s near-term outlook remains bearish with both the Fed and Bank of England meetings in focus.
DXY Tests 101.80 Level, Seen as Possible Short-Term Ceiling
The US dollar index (DXY) is trading near 101.80, a level that may act as a near-term top, according to one market observer. Broader markets lack clear direction.
ING: Fed to Hold Rates Steady, Surprise Risk Keeps Global Rates Elevated
ING analyst Michiel Tukker expects the Federal Reserve to keep rates unchanged, despite markets pricing a 30% chance of a hike, keeping global rates elevated.
Swiss Franc Depressed Near 13-Month Low Despite Brighter ZEW Outlook
The Swiss franc remains under pressure, trading near a 13-month low against the US dollar around 0.8200, even as the ZEW economic expectations index brightened. The USD/CHF pair is on track for a monthly gain of roughly 1.3%.
Record Equity Allocations Sustain Dollar Exposure, BNY Reports
Global equity allocations have hit a record share of portfolios, with U.S. markets dominating, which keeps demand for the dollar elevated, according to BNY's Geoff Yu.
Australian Dollar Weakens as Soft CPI Tempers RBA Rate Hike Expectations
The Australian dollar weakened after a softer-than-expected CPI print reduced expectations for further rate hikes by the RBA, according to MUFG.
Fed Expected to Hold Rates Steady at Uncertain FOMC Meeting, Deutsche Bank Says
Deutsche Bank economists predict the Federal Reserve will leave interest rates unchanged at a highly uncertain FOMC meeting, with markets pricing a notable chance of a surprise.
Commerzbank: FOMC under Warsh likely to hold hawkish, limiting EUR/USD upside
Commerzbank analyst Antje Praefcke expects the Fed to deliver a hawkish hold, with markets pricing in a rate hike. This outlook caps the euro's potential against the dollar.
BNY Sees Indian Rupee Hedging Demand Rising on Bond Gains
BNY's Geoff Yu notes that strong Indian bond performance has increased FX exposure, driving hedging demand amid INR selling pressure.