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USD/JPY: Any advance is likely part of a 147.25/148.25 range - UOB Group
There is room for US Dollar (USD) to rise further against Japanese Yen (JPU), but any advance is likely part of a 147.25/148.25 range.
AUD/USD tumbles to near 0.6500 as US Dollar gains on US-EU tariff deal approval
The AUD/USD pair is down almost 0.6% to near the psychological level of 0.6500 during the European trading session on Monday.
USD strengthens on US/EU trade deal ahead of Fed on Wednesday - Scotiabank
The US Dollar (USD) is strong and starting off the week with broad gains across all of the G10 currencies as markets respond to the news of a US/EU trade deal agreed over the weekend, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
NZD/USD: Odds of NZD rising to 0.6080 are diminishing - UOB Group
New Zealand Dollar (NZD) is likely to trade in a range of 0.6005/0.6040 against US Dollar (USD). In the longer run, upward momentum is beginning to slow; the odds of NZD rising to 0.6080 are diminishing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The PBoC continues to prefer a weaker CNY - Commerzbank
The USD/CNY exchange rate has not moved much in recent weeks. Since the US and China agreed to a truce in the trade war on 11 June, the exchange rate has moved within a range of just 7.155 to 7.188, which is not even 0.5%.
AUD/USD may still move to 0.6645 - UOB Group
Australian Dollar (AUD) is likely to consolidate in a range of 0.6555/0.6595 against US Dollar (USD). In the longer run, short-term momentum has eased slightly; AUD may still move to 0.6645, but the odds are not high, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
RUB: 200bp cut delivered, more coming - Commerzbank
The Russian central bank (CBR) cut its policy rate by 200bp to 18.0% last Friday, matching market expectations. This move followed recent disinflationary developments where the seasonally-adjusted annualised inflation rate already reached CBR's 4% target.
GBP/USD: The major support at 1.3365 is unlikely to into view - UOB Group
As long as Pound Sterling (GBP) holds below 1.3480 against US Dollar (USD), it could test 1.3405; the major support at 1.3365 is unlikely to into view.
EUR/GBP extends rebound after breakout - Société Générale
EUR/GBP resumed its upward trajectory after breaking out of recent consolidation. Momentum indicators remain supportive, with the pair eyeing 0.8800 and higher levels, while 0.8645-0.8660 serves as near-term support, Société Générale's FX analysts note.
USD: The last big trading week of the summer - ING
Markets have taken the news of a US-EU trade deal positively.
USD/CHF jumps to near 0.8000 as US Dollar outperforms across the board
The USD/CHF pair attracts significant bids and jumps to near the psychological level of 0.8000 on Monday. The Swiss Franc pair trades firmly as the US Dollar (USD) outperforms its peers, following the announcement of a trade framework between the United States (US) and the European Union (EU).
Shanghai Copper stockpiles hit 7-month low as June imports surge - ING
Copper inventories on the Shanghai Futures Exchange fell 13% to 73,423 tonnes on Friday to the lowest level since December, ING's commodity experts Ewa Manthey and Warren Patterson note.
EUR/USD: Chance to rise above 1.1775 - UOB Group
There is a chance for Euro (EUR) to rise above 1.1775 against US Dollar (USD); the major resistance at 1.1795 is likely out of reach for now. In the longer run, price action indicates further EUR strength, likely toward 1.1795, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY: Supported on the daily charts - OCBC
USD/JPY continued to build on momentum to trade higher. Last at 148.36 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
ECB's Kazimir: No significant change that would force my hand to act in September.
European Central Bank (ECB) policymaker Peter Kazimir said on Monday that there is "no significant change that would force my hand to act in September."
DXY: Busy week for the USD - OCBC
US Dollar (USD) traded mixed as markets await catalysts this week - JOLTS job openings (Tuesday); ADP employment, 2Q GDP (Wednesday); FOMC, core PCE (Thursday); NFP (Friday) while anticipating more trade deals/details ahead of 1 Aug tariff deadline.
GBP: 0.88 for EUR/GBP might be a stretch - ING
EUR/GBP looks to be trading quite comfortably above April's spike high near 0.8735, ING's FX analyst Chris Turner notes.
EUR/USD: 2-way trades on the day - OCBC
Euro (EUR) consolidated near recent highs, following confirmation of a trade deal between US and Europe, with a tariff of 15% on most EU imports while EU plans to invest $600bn in the US and increase its purchases of US energy and military equipment.
EUR: Welcome news on trade - ING
Dax futures are currently trading up 1.2% as investors welcome some clarity on trade. Whether this remains the final deal remains to be seen, but taken at face value, European corporates can now progress with some planning.
USD/CAD Price Forecast: Rises to near 1.3750 after breaking above 50-day EMA
USD/CAD extends its winning streak for the third successive session, trading around 1.3730 during the European hours on Monday. The technical analysis of the daily chart indicates that the pair moves sideways within the rectangular pattern, suggesting a prevailing neutral bias.
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