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Swiss Franc Slides as Fed Hike Expectations Boost US Dollar
USD/CHF gained nearly 0.30% during Asian hours on Friday, trading around 0.8100, as the US Dollar strengthened on growing Federal Reserve rate hike bets.
DXY Rebounds to 101.50 on Fed Rate Cut Expectations
The US Dollar Index recovers from recent losses, trading around 101.50 during Asian hours, supported by growing bets on Federal Reserve rate cuts.
GBP/USD Stays Below 1.3200 as Hormuz Attack Boosts Safe-Haven USD
The GBP/USD pair holds a positive bias for a second day but remains below 1.3200 as a ship attack near Hormuz strengthens demand for the safe-haven US dollar.
USD/CAD Drops to 1.4200 as Oil Rally Boosts Canadian Dollar
USD/CAD fell for a second straight day, trading near 1.4200 in Asian trading on Friday, as rising oil prices supported the commodity-linked Canadian Dollar.
AUD/USD Dips to 0.6900 on Fed Rate Hike Expectations
The Australian dollar weakened against the US dollar during Asian trading on Friday, with the pair falling to around 0.6900 as markets price in further Federal Reserve rate hikes.
Yen Consolidates Near 40-Year Low After Tokyo CPI, Intervention Risks Loom
USD/JPY trades just below 162.00, near its lowest in four decades, as traders weigh Tokyo CPI data and the threat of Japanese intervention.
PBOC Sets USD/CNY Reference Rate at 6.8166 vs 6.8209 Previous
The People's Bank of China set the USD/CNY central parity rate at 6.8166 on Friday, slightly stronger than the previous fix of 6.8209, but weaker than the Reuters estimate of 6.8015.
Euro Nears 13-Month Low at 1.1365 as US Inflation Data Boosts Dollar
EUR/USD slipped to around 1.1365 in early Asian trading on Friday, approaching a 13-month low, as stronger US PCE inflation figures reinforced expectations of further Federal Reserve rate hikes.
Japan Tokyo CPI Rises to 1.7% in June
Tokyo's headline Consumer Price Index rose 1.7% year-on-year in June, accelerating from 1.4% in May, according to data from the Statistics Bureau of Japan. The reading may influence Bank of Japan policy expectations and the yen.
Mexican Peso Rallies After Banxico's Unanimous Hold at 6.50%
The Mexican Peso gained over 0.62% against the US Dollar on Thursday after Banxico unanimously held its key rate at 6.50%, lifting USD/MXN to 17.49.
Silver Bounces From 56.50 but Fades Below 59.00
Silver saw a rare green session on Thursday, bouncing from 56.50 to near 59.00 after US data, then fading to around 58.00, up roughly 0.8%.
DXY Slips on Firm US Data, Fails to Extend Rally
The US Dollar Index eased from a multi-month high near 101.75 to 101.45 despite a batch of strong US economic data.
US Dollar Eases After PCE Data, Yen Stays Near Intervention Zone
The US Dollar Index retreated toward 101.40 after fresh economic data showed sticky inflation, stronger growth, and a resilient labor market. The Japanese Yen remains near levels that could trigger intervention.
Fed's Williams: Inflation may take longer to reach 2% target
New York Fed President John Williams said monetary policy remains well positioned but warned inflation may take longer to return to the 2% target.
Chinese Yuan Weakness Extends After Breakout, UOB Says
UOB analysts highlight a sharp USD/CNH spike to 6.8195, with intraday consolidation expected between 6.8030 and 6.8185.
Banxico Holds Rate at 6.50% as Expected, Inflation Risks Tilted to Upside
Mexico's central bank kept its key interest rate unchanged at 6.50% unanimously, while maintaining an upward bias on inflation risks.
USD/CHF Retreats Below 0.8100 as Tweezer Top Forms
The USD/CHF pair dropped below 0.8100 on Thursday, snapping the dollar's six-day winning streak as US Treasury yields fell despite hotter-than-expected core PCE inflation data. A 'tweezer top' pattern signals potential further downside.
NZD/USD Hovers Near Seven-Month Lows as RSI Flashes Oversold
NZD/USD pauses its six-day losing streak near 0.5650 as the US Dollar eases after PCE data meets expectations, with RSI indicating oversold conditions.
Japanese Yen Holds Near Intervention Levels as US Data Supports Fed Caution
USD/JPY trades near 161.80, close to multi-decade highs, as the yen remains under pressure from the US-Japan yield spread and cautious Fed stance.
UOB Keeps Constructive View on USD/SGD After Pair Touches 1.2991
UOB analysts Quek Ser Leang and Lee Sue Ann maintain a constructive outlook on USD/SGD after the pair briefly touched 1.2991 before closing near that level.
Gold Bounces from Multi-Month Lows, Stays Near $4,000
Gold recovers from recent lows near $3,959 but remains under pressure, trading around $4,000 as the US Dollar's momentum stalls.
Euro Gains as US Dollar Retreats Despite Firm PCE Inflation
EUR/USD edged higher near 1.1380 on Thursday as the US dollar lost momentum despite sticky PCE inflation and resilient US economic data, while a slight improvement in German sentiment provided additional support.
British Pound Rebounds as USD Bulls Fade Despite Hot Core PCE
GBP/USD rose 0.22% to 1.3194, recovering from daily lows as the US dollar weakened despite stronger-than-expected Q1 GDP growth and elevated inflation data that could push the Fed to tighten further.
Bank of Japan Rate Hike to 1% Fails to Boost Yen
Despite raising interest rates to 1% on June 16, the highest since 1995, the Japanese Yen barely reacted, underscoring ongoing structural issues.