BoE’s Bailey: Resumption of hostilities in Gulf underlines instability going forward
Bank of England (BoE) Governor Andrew Bailey said on Tuesday that the “resumption of hostilities in the Gulf underlines instability going forward.”
FX
US Dollar: Inflation risks skewed to downside – Commerzbank
Commerzbank’s Michael Pfister argues recent US Dollar strength rests on increasingly hawkish Federal Reserve expectations that may be overdone. With June US inflation seen slightly weaker than consensus and Oil prices l…
United States Dollar Index holds correction near 101.10, eyes on inflation data
The US Dollar (USD) holds its early corrective move in Tuesday’s European session ahead of the United States (US) Consumer Price Index (CPI) data for June, which will be published at 12:30 GMT.
Indian Rupee: Oil rebound clouds INR gains against US Dollar – DBS
DBS Group Research economist Radhika Rao notes India’s onshore markets are closely watching global geopolitical risks as Oil prices rebound. The report highlights USD/INR moving to the high-95 area before facing interve…
Watches of Switzerland sees robust US demand, signs of UK recovery
By Enas Alashray, Elwely Elwelly, Tala Ramadan and Katharine Jackson CAIRO/DUBAI/WASHINGTON, , July 14 (Reuters) – A U.S. air base in Jordan was targeted by Iranian ballistic missiles on Tuesday, Iran’s Islamic Revoluti…
Euro declines against Canadian Dollar as oil prices rise
EUR/CAD extends its losing streak for the third consecutive day, trading around 1.6070 during the European hours on Tuesday. The currency cross depreciates as the commodity-linked Canadian Dollar (CAD) gains ground on h…
USD/JPY Price Forecast: Slides to 162.00 as constructive setup favors bulls before US CPI
The USD/JPY pair remains on the back foot through the first half of the European session on Tuesday. Intervention risks support the Japanese Yen (JPY) and act as a headwind for spot prices amid a softer US Dollar (USD).…
New Zealand Dollar holds gains near 0.5800, unfazed by risk aversion
The New Zealand Dollar (NZD) appreciates against the US Dollar (USD) on Tuesday, hardly affected by the risk-averse scenario. Investors’ bets on further rate hikes by the Reserve Bank of New Zealand (RBNZ) and bright da…
Euro: Downside bias but key support holds against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that EUR/USD slid to 1.1377 and closed at 1.1381, a two‑week low, as the Dollar strengthened ahead of United States (US) Consumer Price Index (CPI). Whi…
United States Dollar Index declines despite rising safe-haven demand, Fed rate hike odds
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after two days of gains and is trading around 101.20 during the Asian session on Tuesday.
Indonesian Rupiah gains as S&P’s stable ‘BBB’ rating boosts investor confidence
USD/IDR depreciates after registering gains in the previous day, trading around 18,140 during the Asian hours on Tuesday. The Indonesian Rupiah (IDR) stabilizes against the US Dollar (USD), buoyed by a rally in domestic…
Gold bounces off two-week low as USD bulls turn cautious ahead of US CPI, Fed's Warsh
Gold (XAU/USD) recovers slightly from a nearly two-week low, touched during the Asian session on Tuesday, and climbs back above the $4,000 psychological mark, though the upside potential seems limited. The US Dollar (US…
NZD/USD Price Forecast: Hits four-week top on hawkish RBNZ; eyes 0.5810-0.5820 confluence
The NZD/USD pair catches aggressive bids during the Asian session on Tuesday and jumps to a nearly four-week top in the last hour amid a combination of supporting factors.
Silver Price Forecast: XAG/USD dips as oil surge lifts Fed hike odds
Silver price (XAG/USD) loses ground for the third consecutive day, trading around $57.60 per troy ounce during the Asian hours on Tuesday. The price of the non-yielding white metal faces challenges as escalating Middle …
Swiss Franc advances as US Dollar slips despite Fed rate hike odds
USD/CHF declines after two days of gains, trading around 0.8140 during the Asian hours on Tuesday. Traders will likely observe the Swiss Producer and Import Prices data for June due later in the day.
AUD/USD Price Forecast: Tests nine-day EMA barrier near 0.6950
AUD/USD edges higher after posting 0.5% losses in the previous day, trading around 0.6930 during the Asian hours on Tuesday. The technical analysis of the daily chart shows the pair remaining within the descending chann…
AUD/JPY Price Forecast: Grinds higher above 112.50, yet stays constrained by mildly bearish bias
The AUD/JPY cross gathers strength to near 112.55 during the early European trading hours on Tuesday. The Japanese Yen (JPY) attracts some sellers against the Australian Dollar (AUD) after Reuters reported on Monday tha…
British Pound strengthens above 1.3350 ahead of US CPI data
The GBP/USD pair trades in positive territory around 1.3360 during the Asian trading hours on Tuesday. However, the potential upside for the major pair might be limited amid fears of an escalating US-Iran conflict. The …
Japan’s Katayama floats GPIF review, retail bond push to bolster local markets
Comprehensive information about the JPY USD (Japanese Yen vs. US Dollar). You will find more information by going to one of the sections on this page such as historical data, charts, converter, Technical analysis, news,…
China’s June Trade Balance: Surplus widens sharply amid strong exports
China's Trade Balance for June, in Chinese Yuan (CNY) terms, arrives at CNY859.05 billion, widening from the previous figure of CNY723.98 billion.
US CENTCOM says US forces complete new strikes on Iranian military targets
The United States Central Command (CENTCOM) said on Tuesday that US forces complete new strikes on Iranian military targets, adding that more than 50,000 US service members are currently deployed across the Middle East,…
China: Prolonged stagnation path – Commerzbank
Commerzbank’s Dr. Henry Hao argues China’s housing downturn, now in its fifth year, is settling into an L-shaped stagnation with a pronounced K-shaped regional divergence. The report highlights persistent weakness in de…
Iranian missiles hit two UAE tankers in Hormuz — Reuters
The United Arab Emirates (UAE) Ministry of Defence said that two UAE national tankers, the Mombasa and Al Bahiyah, were targeted by two Iranian cruise missiles in the southern lane of the Strait of Hormuz, in Omani terr…
Vault and Genesis agree to merge and create $8.71 billion Australian gold producer
July 14 (Reuters) – Genesis Minerals has agreed to acquire smaller peer Vault Minerals in a deal that would create Australia’s third-largest gold producer with a market capitalisation of around A$12.6 billion ($8.71 bil…