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Canada CPI Rises to 3.2% in May, Beating Expectations
Canada's annual inflation rate accelerated to 3.2% in May, exceeding market forecasts and accelerating from April's 2.8% increase.
BNY's Yu: Starmer Resignation, Burnham Appointment Priced Into Pound
BNY's Geoff Yu notes that the resignation of Sir Keir Starmer and the likely appointment of Andy Burnham as UK Prime Minister are already priced into the British Pound.
GBP/USD Exhibits Bearish Bias Ahead of UK PM Resignation
The GBP/USD chart was already exhibiting bearish signals before the news of a UK Prime Minister resignation broke, indicating a two-timeframe problem.
ING Analyst: EUR/USD May Test 1.140 Before Recovery
ING's Francesco Pesole warns that EUR/USD could dip to 1.140 as lingering post-Fed dollar strength persists before any renewed upward momentum emerges.
Canadian Dollar Weakens Ahead of May CPI Data
The Canadian Dollar is trading lower against major peers on Monday, as markets await May Consumer Price Index data due at 12:30 GMT.
Japanese Yen Dips as Fed Hike Bets, Iran Tensions Lift USD/JPY
The US Dollar strengthens against the Japanese Yen, pushing USD/JPY toward 161.70, driven by renewed risk aversion from Middle East tensions and stronger Fed tightening expectations.
GBP/USD Bears Face Headwinds Near 2026 Low After UK PM Resignation
GBP/USD remains near its 2026 low of 1.3159, with support at 1.3163, as the UK Prime Minister's resignation adds uncertainty. Bears are encountering stronger headwinds, suggesting a potential pause or reversal.
AUD/USD Could Drop to 0.6900 If It Breaks Below 0.6980
The Australian Dollar is trading slightly lower near 0.7003 against the US Dollar. A break below the 0.6980 support level could trigger a slide to 0.6900.
UK PM Starmer Steps Down, Pound Jumps Against Yen
The British Pound surged past 214.00 against the Japanese Yen after Keir Starmer resigned as UK Prime Minister, boosting Sterling across the board.
EUR/GBP slides as UK PM Starmer resignation boosts pound
The Euro weakened against the British Pound on Monday after UK Prime Minister Keir Starmer stepped down, with market sentiment favoring the GBP.
BoJ Hike Fails to Boost Japanese Yen, OCBC Says
OCBC strategists note that the Bank of Japan's 25 basis point rate hike to 1.0% and confirmation of tapering ending in 2027 have not materially supported the Japanese Yen.
Euro Gains on Eurozone PMI and Lagarde Speeches; Yen Stays Pressured
EUR/JPY advances toward 185.30 on Monday, gaining 0.16%, as markets await Eurozone PMI data and speeches from ECB President Lagarde.
Gold Dips as Hawkish Fed, Geopolitical Risks Weigh
Gold (XAUUSD) remains under pressure as markets factor in further Federal Reserve tightening and ongoing geopolitical tensions, supporting the dollar.
GBP Rises Above 1.3200 on Starmer Resignation News
The British Pound climbed past 1.3200 against the US Dollar on Monday, maintaining a mild positive tone despite reports that Prime Minister Keir Starmer resigned.
USD Gains Strength on Hawkish Fed Bets, Higher Yields – MUFG
The US dollar remains firm after last week's breakout, supported by a hawkish repricing of Fed rate hike expectations and a rebound in US yields, according to MUFG analyst Lee Hardman. Markets now see roughly even odds of a near-term Fed hike, despite falling oil prices amid US-Iran progress.
USD/CAD Breakout Signals Extended Downtrend for Canadian Dollar – SocGen
Societe Generale notes that USD/CAD has surged after breaking a descending trend line in place since last year, indicating a momentum shift and potential breakout from a multi-month range, extending the Canadian dollar's downtrend.
AUD/USD Dips Below 0.7000, Approaches 11-Week Low
The Australian Dollar extends losses against the US Dollar for a fifth consecutive day, trading below the 0.7000 level and nearing an 11-week low.
UK PM Starmer Resigns, Nominations Open July 9
UK Prime Minister Keir Starmer has announced his resignation, stating that nominations for a new leader will open on July 9.
AUD/JPY Holds Near 113.10 on Carry Trade Demand
The Australian dollar remains firm against the yen, trading around 113.10 during European hours, supported by ongoing carry trade flows.
UK PM Starmer resigns, nominations open July 9
UK Prime Minister Keir Starmer has announced his resignation, with nominations for a new leader opening on July 9.
UOB: AUD/USD Downward Bias Toward 0.6980
UOB analysts maintain a negative outlook on AUD/USD, targeting a move toward 0.6980 following a quiet period in the pair.
US Dollar Rallies on Middle East Tensions, Inflation Expectations
The US Dollar strengthened at the start of the week amid escalating geopolitical tensions in the Middle East, rising inflation expectations, and weakness in major rivals like the British pound due to an impending change in prime minister.
Dollar Steady in Asian Trading as US Markets Reopen After Holiday
The dollar held steady during Monday's Asian session after a long weekend in the US. With no high-impact data due, fundamentals and risk appetite are expected to drive the greenback.
ECB's Escrivá: Monitor wage second-round effects
European Central Bank policymaker José Luis Escrivá said the ECB needs to watch for second-round effects on wages during a Monday European session.