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Energy repricing shapes Euro outlook versus USD – ABN AMRO
ABN AMRO strategist Georgette Boele says the Euro’s relationship with energy prices has changed, with recent gains in Oil and Gas weighing on the single currency.
Canadian Dollar Gains as Oil Rally on Geopolitical Tensions Weighs on USD/CAD
USD/CAD trades around 1.4190, down 0.10% on Wednesday, as the Canadian Dollar benefits from a sharp rebound in oil prices driven by renewed geopolitical tensions in the Middle East.
Pound Sterling Edges Higher as Mideast Tensions Boost Oil and Dollar
The British pound posted modest gains against the dollar during North American trade, supported by a surge in oil prices amid escalating Middle East tensions and US President Trump's declaration that the Iran nuclear deal is 'over'.
US Dollar Index Gains on Middle East Tensions, Fed Rate Hike Bets
The US Dollar Index edged higher as renewed US-Iran tensions and expectations of further Fed rate hikes boosted demand for the greenback.
Japanese Yen Weakens on Oil Shock, Approaching Multi-Decade Lows
Scotiabank strategists note the Japanese Yen is underperforming G10 peers as oil price spikes weigh on the currency, with USD/JPY threatening fresh multi-decade lows.
RBNZ Delivers Hawkish Rate Hike to 2.50%, ING Says
The Reserve Bank of New Zealand raised its official cash rate to 2.50%, delivering a more hawkish message than expected and signaling further tightening, according to ING strategist Francesco Pesole. This underpins the New Zealand dollar.
AUD/USD Trades Under Pressure Near 0.6920 After Trump Comments
AUD/USD remains under pressure around 0.6920 as the US Dollar holds firm amid geopolitical risk and caution ahead of the FOMC meeting.
Rabobank: Market Watching Burnham as UK PM Path Clears
Rabobank's Jane Foley highlights that Andy Burnham is likely to become UK Prime Minister on July 20 with an unchallenged path, noting market attention on political dynamics.
British Pound Recovery Eyes 1.36 Against US Dollar – Scotiabank
Scotiabank strategists note the British Pound is slightly softer but supported by a sharp repricing of Bank of England expectations. They suggest the GBP recovery is targeting 1.36 against the US Dollar.
Hawkish Fed Minutes Could Boost US Dollar, Says ING
ING strategist Francesco Pesole suggests the US Dollar Index may find support from hawkish Fed minutes, with recent equity volatility and firm oil prices reinforcing the greenback's safe-haven status.
Silver Falls as Trump Iran Threats Boost Dollar Ahead of Fed Minutes
Silver (XAG/USD) extended its decline on Wednesday, trading around $58.45, pressured by US President Trump's renewed threats against Iran, which strengthened the US Dollar ahead of the Federal Reserve minutes release.
EUR/USD Steadies Above 1.1400 on US-Iran Tensions, FOMC Minutes in Focus
EUR/USD holds above 1.1400 as traders weigh renewed US-Iran hostilities and await the release of FOMC Minutes for further direction.
NZDJPY Option Trade Review: RBNZ Decision Yields Mixed Results
A NZDJPY call option trade performed poorly as the RBNZ delivered a widely expected decision, leaving NZD slightly stronger while USDJPY rallied. The option expires in one day, leaving the outcome to chance.
Euro Consolidates Near 1.14 as ECB Repricing Aids EUR – Scotiabank
Scotiabank strategists note the Euro is consolidating around the low 1.14s, supported by geopolitics and ECB repricing, while markets assess oil's impact on euro area terms of trade.
Trump Says US May Hit Iran Again Tonight, Doubts Deal Holds
US President Donald Trump escalated rhetoric against Iran, stating the US may strike again tonight and expressing doubt that a deal will hold.
RBNZ Hikes OCR to 2.50%, Signals Further Tightening
The Reserve Bank of New Zealand raised its Official Cash Rate by 25 basis points to 2.50% and indicated further policy tightening is likely to return inflation to the 2% target.
Canada trade surplus hits four-year high in May
Canada's merchandise trade surplus rose to a four-year high in May, with exports hitting a record C$77.1 billion, driven by metals and non-metallic minerals.
USD/JPY Edges Higher as Renewed US-Iran Tensions Boost Dollar, Oil
The Japanese yen weakened on Wednesday as escalating US-Iran tensions lifted the US dollar and oil prices, pushing USD/JPY to around 162.50—near 40-year highs.
GBP Resilience Threatened by Political Risks, Rabobank Warns
Rabobank's Jane Foley notes GBP's strength as a G10 performer, supported by UK inflation and BoE rate expectations, but warns of political risks ahead.
Swiss Franc Holds Losses as US-Iran Tensions Boost Dollar
The Swiss Franc weakened against the US Dollar on Wednesday amid renewed US-Iran tensions, dropping nearly 0.7%.
British Pound Falls 0.13% to 1.3340 as Geopolitical Risks Weigh
The British Pound slipped 0.13% against the US Dollar to near 1.3340 during Wednesday’s European session as renewed geopolitical tensions dampened appetite for riskier assets.
ING: NBP to Hold Rates at 3.75% Through Year-End, Weighing on PLN
ING analyst Frantisek Taborsky expects the National Bank of Poland to keep rates at 3.75% through year-end, delaying easing, which puts pressure on the Polish zloty.
AUD/USD Falls to 0.6920 as Iran Tensions, Fed Minutes Weigh
AUD/USD slipped to around 0.6920 on Wednesday, down 0.13% on the day, reversing earlier gains amid renewed geopolitical tensions and caution ahead of the Federal Reserve minutes.
Societe Generale: Krona Weak Despite Strong Swedish Growth and Low Inflation
Societe Generale's Kit Juckes notes that Sweden's strong GDP growth and low inflation contrast with broader G10 dynamics, yet the Krona remains weak. He highlights Sweden's superior debt sustainability.