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GBP/USD Rises Above 1.3200 as Dollar Rally Falters
The British Pound gained for a second straight day on Friday, trading above 1.3200, with the year-to-date low near 1.3140. The move came as the US Dollar rally lost steam and oil prices retreated to pre-war levels.
US Jobs Data and ECB Inflation Test in Focus
The US June jobs report due Thursday is expected to be positive, with falling gasoline prices also easing inflation. In Europe, eurozone inflation data will test the ECB's rate hike path.
Indonesia Growth Slows as Energy Shock Bites – HSBC
HSBC strategists point to Indonesia’s solid GDP and contained inflation but warn that the energy shock is beginning to drag on economic activity and the external balance.
Reuters Poll: Majority of Economists See Fed Holding Rates at 3.50%-3.75% Through Year-End
A Reuters poll conducted June 23-25 shows that 78 out of 102 economists expect the Federal Reserve to keep interest rates unchanged at 3.50%-3.75% for the rest of the year, up from 72 in early June.
Mexican Peso Weakens as Banxico Pauses, Societe Generale Says
Societe Generale strategists note USD/MXN has held key lows near 17.10 and is attempting to break out from a small base formation, with initial resistance at the 200-day moving average around 17.80.
Canadian Dollar Gains on Fed Outlook, Oil Caps Upside
USD/CAD slipped to 1.4180 as the US dollar weakened after US inflation data, though rising oil prices limited further gains for the Canadian dollar.
Indian Rupee Expected to Open Higher on Monday as US Dollar Corrects
The Indian Rupee is poised to strengthen against the US Dollar at the start of the week, driven by a correction in the greenback. Indian markets were closed on Friday for the Muharram holiday.
Euro Rises Above 1.1400 on Lower Oil, Soft Dollar
The Euro recovers against the US Dollar on Friday, buoyed by falling oil prices and a weaker greenback, moving back above the 1.1400 level.
EUR/GBP Bearish Triangle Confirmed, Wave Three Decline Underway
EUR/GBP has confirmed a bearish triangle pattern, with analysts warning that the final wave E decline is now active and the third wave down is underway.
US Dollar Hit by Soft Durable Goods, PCE Data
The dollar weakened after US durable goods orders dropped 4.5% month-on-month in May and the PCE index rose 0.4%, missing expectations.
Gold Holds Support Below $4,000, Rises to $4,050 on Dollar Weakness
Gold price recovers after finding support near $3,960, trading 0.6% higher at $4,050 during European session as the US Dollar corrects.
South Korean Won Rebounds from 1,550 on Suspected Intervention
The Korean Won strengthened against the US Dollar after hitting the 1,550 level, sparking speculation of official intervention by South Korean authorities.
OCBC: USD Pause Not a Reversal, Hawkish Fed Risks Remain
OCBC strategists say the US dollar rally has paused as global risk appetite improves, but sticky inflation and steady labor data keep hawkish Fed risks alive, suggesting the breather is not a reversal.
ECB Hawkish Holdouts Fail to Halt Decline in Rates
Rates markets stay bullish (yields falling) despite hawkish voices at the ECB, supported by calm energy prices, tech-stock concerns, and data hinting at macro weakness.
Commerzbank Warns Turkish Lira Volatility on Easing Talk
Commerzbank analyst Tatha Ghose warns that CBRT Governor Karahan is signaling premature monetary easing, potentially increasing lira volatility.
USD Bulls Pause After In-Line PCE Data, Falling Oil Prices
The US dollar rally took a breather as May PCE inflation data met expectations and declining oil prices eased concerns about the inflation outlook, reducing the perceived need for a hawkish Federal Reserve.
Silver Rises to $58.19, Gains 0.56% on Friday
Silver (XAG/USD) traded at $58.19 per troy ounce on Friday, up 0.56% from the previous $57.87, according to FXStreet data.
Rabobank Sees Stable Mexican Peso vs USD Through Summer
Rabobank strategists expect Banxico to hold rates at 6.50% through year-end, mirroring the stance on the BoC and Fed, supporting a stable peso outlook.
Dollar Index Slips After FOMC as Inflation Data Spurs Reassessment
The US Dollar Index (DXY) declined following the latest FOMC meeting, as US inflation data prompted a market reassessment, according to DBS Group Research strategist Philip Wee.
INR Traded Flat Despite Debt Inflows, Says SocGen
Societe Generale strategists note the Indian Rupee traded broadly flat over the week but outperformed regional peers due to debt portfolio inflows, while broad USD strength overshadowed moves in gold.
AUD/USD Remains Under Pressure, Consolidation Expected – UOB
UOB analysts note that AUD/USD remains under pressure after an impulsive decline, but oversold conditions may lead to near-term consolidation around the 0.6880 level.
GBP/USD Struggles at 1.3200 Amid Bearish Setup
The GBP/USD pair maintains a slight positive bias for a second day but fails to build momentum above 1.3200, with the overall technical outlook remaining bearish.
US Dollar Strength Extends as Growth Holds – Commerzbank
Commerzbank analyst Volkmar Baur notes that despite easing oil prices and lower inflation expectations, the market still prices in at least one more Fed rate hike by year-end, while the ECB is expected to deliver only one further move.
AUD/USD Forecast: 20-Day EMA Points to More Losses
AUD/USD drops 0.25% to near 0.6890 as expectations of a rate cut by the RBA weigh on the Australian Dollar. The bearish 20-day EMA suggests further downside.