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AUD/USD: Momentum buildup is fading - UOB Group
Further consolidation in Australian Dollar (AUD) still seems likely against US Dollar (USD), probably between 0.6505 and 0.6555.
USD/CHF holds gains near 0.7950, further upside seems limited
USD/CHF gains ground after two days of losses, trading around 0.7950 during the European hours on Thursday.
Antipodean holds not enough to turn around flows - BNY
Before the global financial crisis, AUD and NZD were considered the favored carry currencies, especially funded out of low-yielding names in APAC.
USD/JPY eyes key 148 resistance - Société Générale
USD/JPY has rebounded after defending its May low of 142.10, with daily MACD momentum turning positive and suggesting a recovery phase. The pair may now test the critical resistance zone at 148/148.65, while 144.20 serves as nearby support, Société Générale's FX analysts note.
NOK: Hot core inflation takes August cut off the table - ING
Norway released June CPI figures this morning, ING's FX analyst Francesco Pesole notes.
GBP/USD: Likely to trade in a sideways range of 1.3570/1.3635 - UOB Group
Momentum indicators are still mostly flat; Pound Sterling (GBP) is likely to trade in a sideways range of 1.3570/1.3635 against US Dollar (USD). In the longer run, the likelihood of GBP dropping to 1.3510 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD: Could the USD come out stronger amid the tariff noise? - ING
Trump's letters to trading partners are so far primarily affecting local markets, rather than the broader market. Yesterday's surprise 50% tariff announcement on Brazil has triggered a major BRL selloff.
EUR/JPY Price Forecast: Maintains position above 171.50, targets fresh one-year highs
EUR/JPY edges higher after registering losses in the previous session, trading around 171.60 during the European hours on Thursday. The bullish bias is strengthening as the technical analysis of the daily chart shows that the currency cross moves upwards within the ascending channel pattern.
EUR/USD: Any advance is likely part of a higher range of 1.1700/1.1755 - UOB Group
Euro (EUR) could edge higher against US Dollar (USD); any advance is likely part of a higher range of 1.1700/1.1755. In the longer run, no change in view; there is still a chance (albeit a limited one) for EUR to pull back to 1.1660, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR: Volatility declining ahead of EU-US deal - ING
EUR/USD 1-week historical volatility is back below 7.0, confirming markets' extra caution in dealing with Trump's tariff announcements. By comparison, this peaked at 20 in April, and was above 9.0 only a couple of weeks ago, ING's FX analyst Francesco Pesole notes.
Forex Today: Trump tariff letters keep markets on edge
Here is what you need to know on Thursday, July 10:
FOMC minutes back two cuts view - OCBC
On FOMC minutes, while it reflected a divided committee as expected, key quotes include the following, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/BRL holds ground near 5.60 after rising sharply due to Trump's 50% tariff on Brazil
USD/BRL remains stronger after registering approximately 2.5% gains in the previous session, trading around 5.60 during the European hours on Thursday.
EUR/USD appreciates within range as the market digests Trump latest tariff threats
The EUR/USD pair advances on Thursday with a moderate risk appetite returning to the markets.
EC President von der Leyen: Working non-stop to find an initial agreement with the US
European Commission President Ursula von der Leyen said on Thursday, "we are working non-stop to find an initial agreement with the US to keep tariffs as low as possible and to provide the stability that businesses need."
AUD/JPY rebounds toward 96.00 near five-month highs
AUD/JPY rises after registering mild losses in the previous session, trading around 95.90 during the European hours on Thursday.
Pound Sterling edges up against US Dollar amid US tariff uncertainty
The Pound Sterling (GBP) ticks up to near 1.3600 against the US Dollar (USD) during the European trading session on Thursday.
US Dollar Index stabilizes around 97.40 after Trump's latest tariffs, Fed minutes
The US Dollar (USD) trades broadly stable during European trading hours on Thursday, while United States (US) President Trump announces the latest salvo of tariffs.
NZD/USD Price Forecast: Retains bullish bias above 0.6000 above the 100-day EMA
The NZD/USD pair attracts some buyers near 0.6010 during the early European session on Thursday, bolstered by a softer US Dollar (USD). The US weekly Initial Jobless Claims will be in the spotlight later on Thursday.
ECB's Villeroy: Growth is slow, but positive in France
European Central Bank policymaker Francois Villeroy de Galhau spoke on Thursday about the French economy, saying that he expects the French Gross Domestic Product (GDP) to grow 0.6% this year.
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