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British Pound Rebounds as USD Bulls Fade Despite Hot Core PCE
GBP/USD rose 0.22% to 1.3194, recovering from daily lows as the US dollar weakened despite stronger-than-expected Q1 GDP growth and elevated inflation data that could push the Fed to tighten further.
Bank of Japan Rate Hike to 1% Fails to Boost Yen
Despite raising interest rates to 1% on June 16, the highest since 1995, the Japanese Yen barely reacted, underscoring ongoing structural issues.
Thai Baht: BoT Holds Rate at 1.00%, Recovery Fragile – UOB
UOB economists note the Bank of Thailand kept its policy rate at 1.00% and expect this level to persist, supporting a fragile economic recovery.
Japanese Yen Gains Modestly After US PCE Data Meets Expectations
USD/JPY edged lower on Thursday after US PCE data matched expectations, but the yen remains pinned near 40-year lows.
TD Securities: BoC Balances Oil Risks and Weak Growth in June Deliberations
TD Securities analysts note the Bank of Canada's June Summary of Deliberations maintains a balancing act between higher oil price spillover risks and weak domestic growth.
AUD/USD Steady Near 0.6900 as US PCE Data Bolsters Fed Caution
The AUD/USD pair held near 0.6900 on Thursday, trading muted as the US dollar pulled back after PCE inflation data reinforced expectations of cautious Fed policy, while geopolitical risks added uncertainty.
USD/JPY Steady; Intervention Risk Near 162, Scotiabank Says
Scotiabank strategists report USD/JPY is steady ahead of Tokyo CPI data, with intervention risk emerging near 162 against the US dollar.
Canadian Dollar Gains on Oil Rebound, USD Slips After PCE Data
USD/CAD fell to 1.4205, down 0.21% on the day, as the Canadian dollar recovered on higher oil prices and a softer US dollar following PCE data.
USD Rally Driven by Fed Repricing May Be Overdone – ABN AMRO
ABN AMRO strategist says recent dollar strength driven by reassessment of Fed outlook, but warns repricing may have gone too far as bank still expects rate cuts.
Euro Stabilizes Near 13-Month Lows After US Inflation Data
EUR/USD recovers from intraday lows after April US CPI came in line with expectations, trading around 1.1362 after hitting 13-month lows earlier.
MUFG: Thai Baht Negative Bias Persists Under US Yield Pressure
MUFG analyst Lloyd Chan notes broad Asia FX weakness vs the Dollar, with the Thai Baht underperforming amid US yield pressure. The Bank of Thailand held its policy rate at 1% as growth remains low and uneven.
Commerzbank: Persistent Inflation and Surging Debt Risk Erode Dollar's Long-Term Value
Commerzbank economists warn that persistent inflation and federal debt levels not seen since World War II are undermining the US dollar's long-term value, based on a review of 250 years of US economic history.
NZD/USD Slides for Seventh Day, Approaches 0.5640
The New Zealand Dollar extended its losing streak for a seventh consecutive session, trading near 0.5640 and close to its lowest level since November 2025, pressured by a strong US Dollar and risk aversion ahead of US PCE data.
EUR/USD Approaches Yearly Low at 1.1330 Ahead of US PCE Data
The euro drops for a fourth straight day against the dollar, approaching the yearly low of 1.1330, as expectations of further Fed rate hikes weigh on the pair ahead of US PCE inflation figures.
MUFG: USD Near Year-to-Date Highs, Fed Trail Unclear
MUFG analysts note the dollar is trading close to 2025 highs as markets assess whether the Fed will follow hawkish talk with actual rate hikes.
Dollar Set for Best Month Since July on Fed, Weak Eurozone Data
The US dollar is on track for its biggest monthly gain since July last year, driven by the Federal Reserve's hawkish shift, weak European PMI data, and dovish comments from ECB President Christine Lagarde.
Dollar Rally Pauses as Chart Signals Limited Upside
The dollar index has stalled after climbing from the high 96s to above 101 this year, with the current quiet suggesting the rally may be nearly out of room.
AUD Languishes Near 0.6900 as US Inflation Awaited
The Australian Dollar remains near two-month lows against the US Dollar, consolidating after an eight-day losing streak. Traders now focus on upcoming US inflation data.
Banxico Stance and Fed Risks Drive MXN Weakness – Societe Generale
Societe Generale notes Latin American currencies weakened as the dollar rebounded, with USD/MXN breaking above the 17.50 hurdle.
TD Securities: US Core PCE Inflation to Firm in May on Services
TD Securities strategists expect May US core PCE inflation to rise, driven by services, with headline inflation boosted by higher energy costs.
British Pound Gains Near 1.3200 Ahead of US PCE Data
The British Pound rose against the US Dollar on Thursday, approaching 1.3200 as traders trimmed USD long positions awaiting the US PCE Price Index release.
BNY: Precious Metals Slump Tempers ZAR, PEN Carry Outlook
BNY's Geoff Yu argues that weaker precious metals are undermining terms of trade for South Africa and Peru, limiting upside for the rand and sol despite supportive carry.
EUR/JPY Steady as BoJ Hawkish Stance, Fragile German Sentiment Limit Upside
EUR/JPY trades around 183.90, up just 0.06% on the day, as the Bank of Japan's hawkish stance and fragile German economic sentiment cap further gains, reflecting market hesitation.
EUR/PLN Breaks Above 4.290 on NBP Dovishness, ING Says
ING analyst Frantisek Taborsky notes persistent Polish Zloty weakness as EUR/PLN rises above its prior range toward 4.290, citing the National Bank of Poland's dovish stance and global risk-off sentiment.