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US Dollar Index Holds Near 13-Month Highs Around 101.00
The US Dollar Index (DXY) remains steady near 101.00, close to 13-month highs, during Asian trading hours after modest gains the previous day.
NZD/USD Extends Slide Near 0.5700 on Hawkish Fed
The NZD/USD pair fell for a fifth straight session, trading around 0.5705 during Asian hours Tuesday, pressured by a stronger US dollar following hawkish Federal Reserve comments.
Japan's Kihara Warns of Possible FX Intervention
Japan's Chief Cabinet Secretary Minoru Kihara stated that authorities will take appropriate action against foreign exchange moves if needed, signaling potential intervention.
USD/CAD Stays Near Multi-Month High on Bearish Oil, BoC-Fed Divergence
The USD/CAD pair edges higher in Asian trading, supported by falling oil prices and diverging monetary policy expectations between the Bank of Canada and the Federal Reserve.
Silver dips to $64.50 as hawkish Fed pressures prices
Silver (XAG/USD) fell over 1% on Tuesday, trading near $64.50, as a hawkish Federal Reserve outlook weighed on the non-yielding metal.
British Pound Weakens Below 1.3250 as UK Prime Minister Keir Starmer Resigns
GBP/USD fell to near 1.3245 in early Asian trading on Tuesday as political uncertainty in the UK weighs on the pound following Prime Minister Keir Starmer's resignation.
Japan’s Katayama Confirms Market Coordination Talks with US Treasury’s Bessent
Japan’s Finance Minister Satsuki Katayama held virtual talks with US Treasury Secretary Scott Bessent on Monday, discussing global financial markets and the Iran conflict.
PBOC Sets USD/CNY Reference Rate at 6.8171, Up From 6.8150
The People's Bank of China set the USD/CNY central rate at 6.8171 for the current trading session, compared to the previous fix of 6.8150, according to Reuters.
US Government Posts Large Budget Deficit as Tariff Revenue Goes Negative
After a surplus in April from income tax receipts, the U.S. government recorded a significant deficit in the latest period, with tariff revenue turning negative.
Japanese Yen Flatlines Near 161.50 as Intervention Fears Persist
USD/JPY holds steady near 161.55 during early Asian trading, with traders cautious over potential intervention by Japanese authorities despite progress in US-Iran peace talks.
Gold Steadies Near $4,190 as US–Iran Talks Offset Fed Hawkishness
Gold prices trade flat around $4,190 during early Asian hours as traders weigh progress in US–Iran peace negotiations against a hawkish Federal Reserve stance.
AUD/USD Slips Below 0.7000 as Dollar Gains on Fed Repricing, Iran Talks
The Australian dollar fell below 0.7000 on Monday, pressured by a stronger US dollar as markets repriced Fed expectations and weighed ongoing US-Iran talks in Switzerland.
Australia Manufacturing PMI Rises to 51.2 in June, Signals Expansion
The preliminary S&P Global Manufacturing PMI for Australia increased to 51.2 in June from 50.7 in May, indicating expansion in the sector and supporting a bullish view on AUD/USD.
Euro Falls 0.37% Against USD on Iran Optimism and Lagarde Remarks
The euro declined 0.37% against the US dollar on Monday as positive news on US-Iran talks boosted the greenback, while ECB President Lagarde's comments tempered hawkish expectations on inflation.
Pound Sterling Braces for Heavy Week as Westminster Empties Out
GBPUSD nears fresh seven-month lows ahead of a likely thin trading week as UK political activity winds down. A tentative bounce has done little to change the broader bearish tone.
NZDUSD Slides for Fourth Day, Pressures 0.5700
The New Zealand Dollar weakened for a fourth straight session, approaching the 0.5700 level amid a stronger US dollar and deteriorating risk appetite tied to rising Iran tensions.
NZD/USD Sinks to Two-Month Low Near 0.5720 as USD Strengthens
The New Zealand Dollar fell to a two-month low against the US Dollar on Monday, pressured by a firmer greenback and cautious market sentiment.
US Dollar Surges Near Recent Highs Ahead of PCE Inflation Data
The US Dollar traded near the 101.00 level on Monday, close to a 13-month high, as investors weigh softer oil prices, US-Iran peace hopes, and expectations of a hawkish Fed ahead of PCE inflation data.
Swiss Franc Declines Against Dollar and Euro on Improved Risk Appetite
The Swiss Franc weakened against the US Dollar and the Euro on Monday as risk appetite improved following the start of US-Iran talks, which were viewed positively by the US Vice President.
Malaysian Ringgit Pressured Against US Dollar on Hawkish Fed Repricing
The Malaysian Ringgit has softened despite supportive domestic data, as a hawkish repricing by the Federal Reserve keeps US Treasury yields and the US Dollar firm. OCBC strategists note that softer oil provides only a limited buffer.
US Dollar Index Rises, Holds Support Near 101.00
The US Dollar Index (DXY) advanced on Monday, trading near 101.00 and gaining 0.26% as the greenback remains supported.
Mexican Peso Slides as Hawkish Fed Boosts USD Ahead of Banxico Meeting
The Mexican Peso weakened 0.34% on Monday as the US Dollar strengthened on renewed Federal Reserve hawkishness. USD/MXN traded at 17.35 after bouncing from daily lows.
AUD/JPY Consolidates Near Multi-Year Low on Intervention Fears
AUD/JPY trades sideways near levels last seen in September 1990, with yen weakness supporting the cross while intervention risks cap further upside.
Canadian Dollar Slides to 14-Month Lows Despite Hot Inflation, Oil Rebound
The Canadian dollar hit fresh 14-month lows as trade war concerns overshadowed a strong inflation print and a rebound in crude oil prices.