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USD/JPY Faces Risk of New Lows, Says Societe Generale
Societe Generale strategists note USD/JPY has pulled back after testing resistance near 162.80 but remains above the March peak, warning of potential new lows.
Euro Edges Lower Despite Strong German Factory Data
The Euro weakened against the US Dollar on Monday as investor caution outweighed positive German industrial production figures.
RBC: BoC Business Outlook Survey to Gauge Confidence Amid Energy Shock
RBC economists Nathan Janzen and Abbey Xu note the Bank of Canada's Q2 Business Outlook Survey will show how firms reacted to recent energy price volatility, with West Texas Intermediate (WTI) crude oil prices previously near volatile levels.
EUR/USD Range-Bound, Upside Capped by Resistance – UOB
UOB analyst Quek Ser Leang sees EUR/USD consolidating in the short term between 1.1415 and resistance, with flat momentum indicators.
BNY: Softer Data Eases Fed Tightening Pressure, Services PMI Next
BNY strategist Geoff Yu notes that softer US labor data and easing inflation have reduced the need for further Fed tightening, but upcoming Services PMI and ISM Services reports will be critical for shaping rate expectations.
Silver Holds Below $62.50 as Fed Rate Hike Bets Solidify
Silver (XAG/USD) halted its four-day winning streak and traded around $62.30 during European hours Monday, pressured by growing expectations of a Federal Reserve interest rate hike.
Indian Rupee Holds 94-96 Range Against USD – Commerzbank
Commerzbank reports USD/INR eased 0.2% on Friday to 95.20, but gained 0.9% over the week, staying within a 94–96 range.
AUD Slides on Cooler Inflation, Weak Employment Data
The Australian Dollar fell against the US Dollar after cooler inflation reduced pressure on the RBA to hike rates, while weak employment data added to the bearish outlook.
Dollar Supported Ahead of Hawkish FOMC Minutes
The dollar remains relatively supported after last week's softish June jobs report, with hawkish FOMC minutes expected on Wednesday and limited US data this week.
AUD/USD Faces Downside Bias, Consolidation Expected – UOB
United Overseas Bank's Quek Ser Leang notes AUD/USD has stalled after last week's sharp rise, with downside momentum building. The bank maintains a neutral stance for the next 1–3 weeks, expecting consolidation between 0.6870 and a nearby resistance level.
ING: USD Index Upside Risks Remain Supported After Soft Jobs Data
ING analyst Chris Turner notes the US Dollar Index has held up despite soft June jobs data, with low G7 FX volatility and attractive carry trades supporting upside risks.
US Dollar Beats Swiss Franc as Top Safe Haven Amid Iran War Jitters
The US Dollar has surpassed the Swiss Franc in safe-haven status during the Iran conflict, challenging CHF's traditional role as the ultimate geopolitical hedge.
USD/JPY Reverses on Intervention Risks After Touching 162.84
MUFG analyst Teppei Ino noted USD/JPY opened near 161.78 and briefly tested 162.84 before reversing amid Dollar weakness driven by Fed Chair Kevin Warsh's comments and softer US employment data, underscoring intervention risks.
GBP/USD Dips Below 1.3350 as Bullish Momentum Fades on Strait Tensions
The British Pound falls against the US Dollar, dipping below 1.3350, as bullish momentum weakens amid rising tensions in the Strait of Hormuz.
USD/CHF Down 0.25% as Market Eyes US Services PMI Data
The USD/CHF pair slipped 0.25% to around 0.8055 during European trading as the US Dollar rebounded. Traders are monitoring upcoming US Services PMI data and reconsidering Fed rate hike expectations.
UOB: GBP/USD Overbought, Eyes 1.3410 but Pullback Risk Limited
United Overseas Bank analyst Quek Ser Leang notes that GBP/USD remains elevated after last week's surge, with an overbought rally still targeting 1.3410. However, any intraday pullback is expected to stay within a tight range of 1.3320–1.3375, limiting the risk of a clear break below support.
EUR/USD Faces Resistance at 20-Day EMA Near 1.1460
The EUR/USD pair trades slightly lower at 1.1428 in early European trading, with the 20-day EMA forming a key barrier near 1.1460. The US Dollar firms after a negative weekly close, pressuring the pair.
Indonesian Rupiah Weakens on Fed Rate Hike Bets, USD/IDR Nears 18,040
The Indonesian rupiah extended losses against the US dollar for a second day, with USD/IDR trading around 18,040 during Asian hours on Monday, as market expectations of continued Federal Reserve interest rate hikes boosted the greenback.
US Dollar Index Rises to Near 101.00 on Fed Hike Expectations
The US Dollar Index (DXY) edged up to around 101.00 during Asian trading, driven by expectations of further Federal Reserve rate hikes this year.
Japanese Yen Falls Toward 162.00 as Carry Trades Outweigh Intervention Risks
USD/JPY extends its recovery from the two-week low near 160.50, approaching the 162.00 level amid carry trade demand despite intervention concerns.
Dollar Index Recovery Pushes Euro Toward 1.1400
The Dollar Index has resumed its uptrend toward 101 after a brief dip, pressuring the euro lower toward 1.1400 and driving USDJPY toward 162/163. EURINR may test 108 while EURJPY extends gains.
EUR/USD Recovery Faces Resistance Near 1.1675 Level
The EUR/USD pair has recovered from recent lows but is encountering stiff resistance near the 1.1675 level and the 100 SMA, with bears remaining active.
EUR/JPY Tests 185.00 After Breaking Above Moving Averages
EUR/JPY extended its gains for a second session, trading near 185.00 during Asian hours on Monday, with a constructive near-term bias as the pair holds above key exponential moving averages.
AUD/USD Retreats from 38.2% Fibo Hurdle, Holds Above 0.6900
The AUD/USD pair snapped a two-day winning streak and retreated from the 38.2% Fibonacci level during Monday's Asian session, but remains above 0.6900.