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NZD/USD Steadies After US Inflation Data, RBNZ Expectations Cap Gains
The New Zealand Dollar trades around 0.5650 after US inflation data, with expectations of a dovish RBNZ limiting further upside despite a weaker US dollar.
USD/CHF Slides as US Dollar Weakens After PCE Data
The Swiss Franc strengthened against the US Dollar on Friday, with USD/CHF erasing weekly gains after US PCE inflation data met expectations, dampening the dollar's recent rally.
CNB Hawkish Stance Supports Koruna Against Dollar Pressure, Says ING
ING FX strategist Frantisek Taborsky notes the Czech National Bank's June minutes confirm it as the most hawkish central bank in the region after a 25bp hike to 3.75%, supporting the koruna against USD pressure.
US Dollar Momentum Softens as US Data Cools – MUFG
MUFG analyst Lee Hardman notes the US Dollar is set for a second straight week of gains but has lost upward momentum as softer GDP and PCE data, along with dovish comments from New York Fed President Williams, reverse recent hawkish sentiment.
Silver RSI Stays Oversold as XAG/USD Struggles Below $60
Silver steadies on Friday as the US Dollar and Treasury yields retreat after the latest PCE data showed underlying inflation remained relatively subdued, but the RSI remains in oversold territory with XAG/USD below $60.
RBA: Gradual cooling supports steady policy – UOB
UOB's Lee Sue Ann notes that Australia's May labour data shows a rebound in headline employment but softer underlying conditions, with rising underemployment and falling hours, supporting the RBA's steady policy stance.
USD Choppy After Mixed PCE Data – TD Securities
TD Securities notes that US rates markets steepened after weaker headline PCE, while stronger personal income and spending data kept the dollar direction unclear.
Gold Steadies Above $4,000 as US PCE Data Eases Fed Rate-Hike Bets
Gold (XAU/USD) holds above $4,000 as softer US dollar and lower yields follow PCE data that met forecasts, reducing near-term Fed rate-hike expectations.
GBP/USD Rises Above 1.3200 as Dollar Rally Falters
The British Pound gained for a second straight day on Friday, trading above 1.3200, with the year-to-date low near 1.3140. The move came as the US Dollar rally lost steam and oil prices retreated to pre-war levels.
US Jobs Data and ECB Inflation Test in Focus
The US June jobs report due Thursday is expected to be positive, with falling gasoline prices also easing inflation. In Europe, eurozone inflation data will test the ECB's rate hike path.
Indonesia Growth Slows as Energy Shock Bites – HSBC
HSBC strategists point to Indonesia’s solid GDP and contained inflation but warn that the energy shock is beginning to drag on economic activity and the external balance.
Reuters Poll: Majority of Economists See Fed Holding Rates at 3.50%-3.75% Through Year-End
A Reuters poll conducted June 23-25 shows that 78 out of 102 economists expect the Federal Reserve to keep interest rates unchanged at 3.50%-3.75% for the rest of the year, up from 72 in early June.
Mexican Peso Weakens as Banxico Pauses, Societe Generale Says
Societe Generale strategists note USD/MXN has held key lows near 17.10 and is attempting to break out from a small base formation, with initial resistance at the 200-day moving average around 17.80.
Canadian Dollar Gains on Fed Outlook, Oil Caps Upside
USD/CAD slipped to 1.4180 as the US dollar weakened after US inflation data, though rising oil prices limited further gains for the Canadian dollar.
Indian Rupee Expected to Open Higher on Monday as US Dollar Corrects
The Indian Rupee is poised to strengthen against the US Dollar at the start of the week, driven by a correction in the greenback. Indian markets were closed on Friday for the Muharram holiday.
Euro Rises Above 1.1400 on Lower Oil, Soft Dollar
The Euro recovers against the US Dollar on Friday, buoyed by falling oil prices and a weaker greenback, moving back above the 1.1400 level.
EUR/GBP Bearish Triangle Confirmed, Wave Three Decline Underway
EUR/GBP has confirmed a bearish triangle pattern, with analysts warning that the final wave E decline is now active and the third wave down is underway.
US Dollar Hit by Soft Durable Goods, PCE Data
The dollar weakened after US durable goods orders dropped 4.5% month-on-month in May and the PCE index rose 0.4%, missing expectations.
Gold Holds Support Below $4,000, Rises to $4,050 on Dollar Weakness
Gold price recovers after finding support near $3,960, trading 0.6% higher at $4,050 during European session as the US Dollar corrects.
South Korean Won Rebounds from 1,550 on Suspected Intervention
The Korean Won strengthened against the US Dollar after hitting the 1,550 level, sparking speculation of official intervention by South Korean authorities.
OCBC: USD Pause Not a Reversal, Hawkish Fed Risks Remain
OCBC strategists say the US dollar rally has paused as global risk appetite improves, but sticky inflation and steady labor data keep hawkish Fed risks alive, suggesting the breather is not a reversal.
ECB Hawkish Holdouts Fail to Halt Decline in Rates
Rates markets stay bullish (yields falling) despite hawkish voices at the ECB, supported by calm energy prices, tech-stock concerns, and data hinting at macro weakness.
Commerzbank Warns Turkish Lira Volatility on Easing Talk
Commerzbank analyst Tatha Ghose warns that CBRT Governor Karahan is signaling premature monetary easing, potentially increasing lira volatility.
USD Bulls Pause After In-Line PCE Data, Falling Oil Prices
The US dollar rally took a breather as May PCE inflation data met expectations and declining oil prices eased concerns about the inflation outlook, reducing the perceived need for a hawkish Federal Reserve.