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USD Corrects Lower as Middle East Fears Ease, Fed Hawkishness Lingers
The US dollar corrected lower on Monday, reversing part of Friday's rally, as easing Middle East tensions reduced safe-haven demand, while hawkish Fed expectations continue to underpin the currency.
EUR/CHF Tests Key Resistance Band Near 200-Day MA – Societe Generale
Societe Generale notes EUR/CHF has formed a higher low near 0.9090, signaling reduced downside momentum as it approaches its 200-day moving average and a multi-year descending trendline.
Euro Edges Higher on ECB Tightening Hopes, Dollar Weakness
The euro extended gains for a second day on Tuesday, paring some of last week's losses, supported by expectations of further ECB tightening and mild US dollar weakness.
Japanese Yen Weakens Past 160.00 Despite BoJ Rate Hike Bets
MUFG analyst Lee Hardman notes the yen remains under pressure with USD/JPY trading above 160.00, even as markets price in a near-certain BoJ rate hike at the June meeting.
Rabobank: Bank of Canada to Hold Rate at 2.25% at June Meeting
Rabobank analysts expect the Bank of Canada to maintain its policy rate at 2.25% at the June 10 meeting, citing the impact of external shocks.
Hotter US Inflation Data Could Strengthen Fed Rate Hike Bets
Escalating Middle East tensions and a positive oil price start to the week revive inflation fears, reinforcing expectations that the Fed may need to raise rates further.
Silver Holds Steady Near $68.23 as Price Moves Little Changed
Silver prices (XAG/USD) traded at $68.23 per troy ounce on Tuesday, virtually unchanged from the previous day, according to FXStreet data.
Yen Steadies Near Lows as Ceasefire and Intervention Risks Balance
USD/JPY holds around 160.15, near its highest since April 30, as ceasefire hopes and Japan intervention threats offset each other.
OCBC: Dollar Rangebound with Upside Risks, No Fed Easing Through 2026
OCBC's FX strategist Sim Moh Siong says the US Dollar is consolidating after payroll-driven gains, with the bank now expecting no Fed rate cuts through 2026 and elevated 10-year yields.
EUR/USD Downtrend Targets Lower Support Levels: UOB
UOB analysts note short-term consolidation between 1.1505 and 1.1555 after last week's sharp decline, with the downtrend aiming for lower supports.
Canadian Dollar Rebounds, USD/CAD Halts Winning Streak
The Canadian dollar strengthened against the US dollar on Monday, pulling back from two-month highs as USD/CAD halted its four-day winning streak and traded around 1.3940 during European hours.
Swiss Franc Weakens Against Euro on Softer Rate Outlook – ING
The Swiss Franc has weakened against the Euro, with EUR/CHF drifting back to 0.92, as Swiss rates lag behind global movements and markets price in three ECB rate hikes over the next 10-12 months, according to ING's Chris Turner.
Dollar Holds Steering Wheel but Grip Weakens
The U.S. dollar remains the dominant force in FX markets, but its grip appears to be loosening today as traders await clearer signals. The author notes a lack of conviction after last week's rally.
USD/CHF Stalls Below 0.8000 as Bullish Momentum Persists
The USD/CHF pair is trading marginally lower on Tuesday but remains near two-month highs, with bulls unable to breach the 0.8000 psychological resistance. Downside attempts are contained above 0.7965, suggesting the bullish bias remains intact.
Silver Holds Above $68.50 Despite Persistent Bearish Bias
Silver (XAG/USD) extended gains for a second day, trading near $68.60, but remains below key moving averages, keeping near-term bias bearish.
UOB: AUD/USD Faces Gradual Downside Toward 0.7000
UOB analysts Quek Ser Leang and Lee Sue Ann expect AUD/USD to remain under pressure, targeting a gradual decline toward 0.7000. They see intraday stabilization between 0.7015 and 0.7065.
BoJ Signals Possible Intervention as USD/JPY Rises
The Bank of Japan is monitoring the yen's weakness and has reiterated its readiness to intervene to prevent further depreciation, while USD/JPY continues to rise.
GBP/JPY Rises to 214.00 but Remains Vulnerable
The British Pound posted moderate gains against the Japanese Yen on Tuesday, reaching 214.00, supported by improved risk sentiment, though analysts warn the pair remains fragile.
DXY Forecast: 20-Day EMA Holds Bullish Despite Minor USD Weakness
The US Dollar Index saw slight selling in European trading on Tuesday as renewed hopes for a US-led deal emerged, but the rising 20-day exponential moving average keeps the near-term bias bullish.
Commerzbank: Russian Ruble's Oil-Driven Gains May Fade by Year-End
Commerzbank analyst Tatha Ghose warns that recent ruble support from high oil prices is likely to diminish towards year-end, while the central bank has adjusted EUR/RUB pricing methodology amid thin hard-currency trading.
GBP/USD Holds Near 1.3375 Amid Sideways Triangle Pattern
GBP/USD trades 0.26% higher at 1.3375 during European hours, with the dollar weakening on potential US-Iran deal news. The overall trend remains sideways as a triangle formation develops.
USD/JPY May Weaken to 160.75 – UOB Analysts
UOB analysts Quek Ser Leang and Lee Sue Ann see USD/JPY range-bound intraday between 159.90 and 160.40 but maintain a slightly positive multi-day outlook, with potential to weaken toward 160.75.
USD/CAD Eases from 1.3960 Highs, Bullish Trend Intact
The US Dollar eased against the Canadian Dollar on Tuesday, pulling back from near the year-to-date peak of 1.3960, while the broader bullish trend remains in place.
Euro Holds Losses Against Pound Despite Stronger German Industrial Production
The EUR/GBP cross remains near 0.8640 during early European trading on Tuesday, with the Euro staying weak against the British Pound despite stronger-than-expected German Industrial Production data.