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Canadian Dollar Stays Range-Bound as Oil Drop, Weaker USD Offset
USD/CAD trades around 1.4170 on Thursday, virtually unchanged, as weakness in the US Dollar offsets the negative impact of lower oil prices on the Canadian Dollar.
Fed Hawkish Minutes Keep Upside Rate Risks – ING
ING strategists note that the Federal Reserve's June minutes confirmed a more hawkish stance, keeping upside risks for interest rates despite unchanged policy.
Japanese Yen Edges Higher, USD/JPY Near 40-Year Lows
USD/JPY slipped on Thursday as the US dollar softened, with the pair trading near 162.45, close to multi-decade lows for the yen.
Dollar's Late Decline Puzzling Amid War-Driven Risk Aversion
The US dollar unexpectedly fell late Wednesday despite risk-off sentiment fueled by war uncertainty, with analysts noting a possible inverse correlation with surging oil prices.
Czech Koruna Weakens as CNB Policy Aligns with ECB, Says BNY Mellon
BNY Mellon strategist Geoff Yu notes that the Czech Koruna is declining against the Euro as the Czech National Bank's policy expectations converge with the European Central Bank's.
ECB Accounts Show Growing Concerns Over Upside Inflation Risks
The European Central Bank's latest meeting accounts reveal policymakers are increasingly worried about persistent upside risks to inflation, suggesting a more hawkish stance may lie ahead.
US Initial Jobless Claims Drop to 215K
The number of Americans filing new unemployment benefits fell to 215,000 last week, according to the latest data from the US Department of Labor.
EUR/GBP Forecast: Limited Correction Before Further Decline
EUR/GBP consolidates after hitting a new one-year low, with analysts expecting a limited correction before further downside.
Euro Sideways vs USD as Sentiment Cools: Rabobank
Rabobank notes that euro sentiment has cooled after earlier optimism over Germany's debt brake, with political risks and structural headwinds now weighing on the currency.
US Dollar Consolidates with Softer Bias as Oil Steadies
The US dollar is trading with a softer bias against G10 currencies amid ongoing geopolitical uncertainty, while oil prices show signs of stabilization.
GBP/JPY Pulls Lower After Fresh All-Time High at 218.01
The British Pound retreated against the Japanese Yen on Thursday after hitting an all-time high of 218.01, entering a consolidation phase.
Euro Retreats to 1.1425 as USD Recovers on Safe-Haven Bids
The euro fell back toward 1.1425 against the dollar in European trading on Thursday as the US dollar recovered early losses amid renewed safe-haven demand linked to geopolitical tensions.
Gold Price Gains 0.8% But Upside Capped by Bearish EMA
Gold (XAU/USD) rose 0.8% to near $4,110 during European trading on Thursday as the US dollar weakened, but the 20-day EMA's downward slope suggests limited upside.
Silver (XAG/USD) Rebounds Above $59.00 as Dollar Weakens
Silver prices recovered from intraday lows near $57.22 to trade above $59.00, supported by a softer US dollar.
Euro Weakness Persists as Dollar Fails to Gain from Brent Rally
The euro remains under pressure as interest rate adjustments alone appear insufficient to support the currency, while the US dollar failed to capitalize on a rise in Brent crude prices and Fed concerns about entrenched inflation.
DXY Slips to 101 Late in US Session Despite Yield Support
The US Dollar Index (DXY) slipped from 101.28 to 101 late in the US session, even as US Treasury 2Y yields rose and crude oil remained supported by Middle East tensions, according to DBS Group Research economist Philip Wee.
Silver Price Rises 1.45% to $59.17 Per Troy Ounce
Silver (XAG/USD) climbed on Thursday, rising 1.45% to $59.17 per troy ounce from the previous $58.32, according to FXStreet data.
USD Edges Lower Despite Persian Gulf Tensions
The US dollar weakened slightly in recent trading, even as renewed geopolitical tensions in the Persian Gulf typically support safe-haven demand.
Euro Advances Against Canadian Dollar on Strong German Trade, Weak Oil
EUR/CAD rose during European trade on Thursday, reversing two days of losses, supported by stronger-than-expected German trade data and declining oil prices.
ECB Hawkish Repricing with Bond Selloff – Deutsche Bank
Deutsche Bank Research notes that market pricing for ECB rate hikes by December has surged, implying three hikes this year after June, as European assets face renewed energy shock sensitivity.
USD Index Set to Stay Firm as Energy Spike Supports Fed Hawks – ING
ING’s Chris Turner says higher oil prices and Gulf tensions have boosted Fed hawks, keeping the US dollar firm against low-yielders while EM carry trades face headwinds.
OCBC: US Dollar constructive as oil risks build
OCBC analysts note that rising Middle East tensions and higher oil prices are supporting the US Dollar and global bond yields.
Muted FX Reaction to Gulf Escalation as Oil Nears $80
FX markets showed a muted response to the re-escalation in the Gulf and the jump in oil prices, while rates saw more movement. Brent crude approaching $80 per barrel could delay disinflation and affect Fed policy.
DXY Extends Pullback, Tests 23.6% Fibonacci and Weekly Low Below 101.00
The US Dollar Index continues its decline from the 101.25-101.30 region, flirting with the 23.6% Fibonacci retracement and a weekly low below 101.00.