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Euro Dips Against Dollar as Rate Outlook Shifts
The euro weakened against the US dollar on Monday as traders returned from a long holiday weekend and weighed shifting expectations for Fed and ECB interest rate policy. EUR/USD traded near 1.1421, down 0.12%.
AUD/USD Sidles Near 0.6930 After Soft Australian Inflation
The Australian dollar traded cautiously sideways around 0.6930 on Monday as domestic inflation data showed further easing, while mixed US services figures kept the dollar broadly supported.
UOB: USD/CNH Range-Bound Between 6.7750-6.8080
UOB analyst Quek Ser Leang notes USD/CNH momentum has softened, with a near-term band of 6.7800–6.7930 and a 1–3 week range of 6.7750–6.8080 as earlier dollar strength fades.
BNY Says LatAm FX Rotation Favors Equities and Carry
Bank of New York Mellon strategist Geoff Yu notes that crowded LatAm bond exposure is unwinding as higher U.S. yields drive real-rate repricing, with flows rotating toward regional equities. BNY maintains a constructive tactical view on Latin American markets.
Silver Price Forecast: XAG/USD Struggles Below Key SMAs Despite Easing Fed Hike Bets
Silver (XAG/USD) pauses its four-day winning streak on Monday as buyers take a break following last week's 5.55% rally. A stronger US Dollar is limiting further upside.
Canadian Dollar Falls to 1.4230 as Firm US Dollar Overrides Oil Support
USD/CAD extends its advance for a second day, trading around 1.4230 on Monday, up 0.20%. Despite rising oil prices, the Canadian dollar dips as the US dollar remains firm.
EUR/USD Trades Softly Near 1.1418 as ECB Expectations Stable
Scotiabank strategists note EUR/USD trading softer around 1.1418, with stable ECB expectations, as Euro area data came in line while German factory orders surprised.
Australian Dollar Retreats Toward 0.6900 as Inflation Shows Cooling Signs
The Australian Dollar weakens towards the 0.6900 level after fresh domestic data indicates cooling inflation, shifting market expectations.
USD/CAD Consolidates Near 1.4215, CAD Soft – Scotiabank
Scotiabank strategists note USD/CAD is consolidating around 1.4215, with the Canadian dollar retaining a soft undertone despite narrower US-Canada front-end spreads.
GBP/JPY Hits January 2008 High Amid Yen Weakness
The British pound surged to its highest level against the Japanese yen since January 2008 on Monday, as the yen extended its decline across the board. USD/JPY also climbed back toward multi-year highs.
AUD/USD Tests Key Support at 200-DMA, Rebound Risk – SocGen
Societe Generale notes AUD/USD is testing major support at the 200-day moving average near 0.6870/0.6830 after breaking below the May trough at 0.7070, warning of rebound risk from this zone.
GBP/USD Recovery Stalls Near 1.3400 Resistance
GBP/USD remains sideways for a second day as the recovery from recent lows encounters strong resistance near the 1.3400 zone, following a 1% weekly gain that triggered a bullish reversal pattern on the weekly chart.
FedWatch Probability at 24.1% as Weak Data Week Begins; Warsh Aims to Squash Speculation
The CME FedWatch Tool shows a 24.1% probability of a rate move, while this week's light data schedule intensifies focus on the Fed minutes. New Fed chief Warsh is reportedly trying to curb speculation about forward guidance.
ING Expects RBNZ 25bp Hike in July to 2.50% Despite Oil Drop
ING strategist Francesco Pesole forecasts the Reserve Bank of New Zealand will deliver a 25-basis-point insurance hike in July, raising the policy rate to 2.50%.
US Jobs Numbers Revised Downward Again
US employment figures have been revised lower for another month, pointing to a weaker labor market than initially reported. The revisions reinforce concerns about economic softness.
RBNZ Expected to Deliver 25bp Insurance Hike in July Despite Oil Price Drop
The Reserve Bank of New Zealand is expected to deliver a 25 basis point 'insurance' rate hike at its July 8 meeting, even as the collapse in oil prices has made the decision more finely balanced. Analysts believe the central bank will proceed to avoid disappointing hawkish market expectations.
EUR/USD Consolidates Above 1.1400 as Markets Reassess ECB and Fed Paths
EUR/USD remains range-bound above 1.1400 as traders weigh shifting expectations for ECB and Fed policy, with a September ECB rate hike now priced below 50%.
Euro Winding Up for Another Leg Lower
EUR/USD has been trading inside a descending channel since peaking near 1.2087 at the start of the year, suggesting further downside is likely.
Pound Gains on Political Support as Dollar Recovers From Worst Week
The British pound found support from political developments, while the US dollar bounced back from its worst week since April. US equity markets were closed for Independence Day as investors reassess Fed tightening expectations ahead of the June FOMC minutes.
Japanese Yen Falls to Near 40-Year Lows as Intervention Risks Loom
The Japanese Yen resumed its downtrend against the US Dollar on Monday, approaching levels not seen in 40 years, with traders wary of potential intervention by Japanese authorities.
Euro Set for Gradual Appreciation as Eurozone Inflation Falls More Than Expected
Eurozone flash inflation for June dropped more than anticipated, with both headline and core readings declining, bringing the core rate closer to the ECB's 2% target. This supports a gradual appreciation of the euro against the dollar.
USD/JPY bulls regain control after correction, eye multi-decade peak
USD/JPY surged in early Monday trading, nearly reversing last week's pullback from 162.84 to 160.47. The correction was contained by the 23.6% Fibonacci retracement of the 155.02–162.84 rally, indicating bulls remain in control.
EUR/GBP Hits One-Year Low Near 0.8560 Despite Positive Eurozone Data
The Euro extended losses against the British Pound on Monday, sliding to session lows below 0.8560 and approaching one-year lows after a Friday rebound failed to hold.
Rabobank Cuts EUR/USD Forecast After Drop Below 1.15
Rabobank's senior FX strategist Jane Foley says EUR/USD has fallen below the bank's prior one-month forecast of 1.15, prompting a reassessment of the pair's outlook.