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US: Problems beyond policy content - UBS
Generally, investors are concerned with policy content. Fiscal changes adjust the relative performance of different sectors of the economy, and markets react accordingly. But the current US administration has added two complications.
Mexican Peso holds gains as US House approval of Trump's Big, Beautiful Bill rattles markets
The Mexican Peso (MXN) is benefiting from the renewed US Dollar (USD) weakness on Friday, which is driven by concerns over the health of the United States (US) deficit after the US House of Representatives voted in favour of Trump's administration tax and spending bill.
US Dollar extends losses amid US debt concerns
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, dips further on Friday and erases the previous day's recovery, trading near 99.40 at the time of writing.
US Pres. Trump: Recommending a straight 50% tariff on the European Union
In a post published on Truth Social on Friday, United States (US) President Donald Trump said that he is recommending a "straight 50% tariff" on imports from the European Union.
Gold benefits from uncertain US budget situation - Commerzbank
The price of Gold has climbed back above the $3,300 per troy ounce mark in recent days, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen reports.
USD/JPY slips as Japan's core inflation hits two-year high
The Japanese Yen (JPY) continues to appreciate against the US Dollar (USD), extending gains after Japan's core consumer inflation surprised to the upside.
GBP trades at 1.35, highest since 2022 - Scotiabank
Pound Sterling (GBP) gains are extending to near 1.35, leaving spot trading at its highest since early 2022, Scotiabank's Chief FX Strategist Shaun Osborne notes.
CAD gains set to extend - Scotiabank
Canadian Dollar (CAD) gains are lagging most of its peers on the day and over the week but a 1%-plus rise since Monday so far nevertheless puts the CAD on course to extend its rebound.
USD slips on weak sentiment - Scotiabank
With the US long weekend looming and no major data releases to deal with today, it's likely to be a fairly quiet session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USD/JPY: Further USD declines are not ruled out - UOB Group
Further US Dollar (USD) declines are not ruled out, but deeply oversold conditions and tentative slowing of downward momentum could first lead to consolidation, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR rebounds, helped by German GDP revision - Scotiabank
The Euro (EUR) remains well-supported on dips, with spot trading close to a cent above yesterday's session low, Scotiabank's Chief FX Strategist Shaun Osborne notes.
NZD/USD rallies to near 0.5960 as New Zealand Dollar outperforms across the board
The NZD/USD pair surges almost 1% to near 0.5960 during European trading hours on Friday. The Kiwi pair soars as the New Zealand Dollar (NZD) outperforms its peers on stronger-than-projected New Zealand (NZ) Q1 Retail Sales data.
ECB's Lane: We are confident that service inflation will come back
European Central Bank (ECB) chief economist Philip Lane said on Friday that they are confident that the service inflation in the Eurozone will continue to decline, per Reuters.
NZD/USD: 0.5865/0.5985 range is likely to contain the price movements for now - UOB Group
A narrower 0.5865/0.5985 range is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD: Even Nobel Prize winners can be wrong - Commerzbank
In his latest blog post, US economist Paul Krugman (winner of the 2008 Nobel Prize in Economics) shows one of my favorite graphs: the net international investment position (IIP) of the US, in other words, the net debt (when negative) of the US economy vis-à-vis the rest of the world.
JPY: A July BoJ hike is underpriced - ING
The chances of a Bank of Japan hike in July are very much underpriced, ING's FX analyst Chris Turner notes.
AUD/USD: Likely to trade in a range between 0.6370 and 0.6480 - UOB Group
Australian Dollar (AUD) is under mild downward pressure; it could edge lower to 0.6395. In the longer run, outlook is mixed; AUD is likely to trade in a range between 0.6370 and 0.6480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD Price Forecast: Sets for volatility expansion
The AUD/USD pair is up 0.8% around 0.6460 during European trading hours on Friday. The Aussie pair strengthens as antipodeans perform strongly, and escalating concerns over the United States (US) fiscal health continue to batter the US Dollar (USD).
USD: No change in FX language at the G7 meeting - ING
Earlier this week, we speculated over the low probability, high impact event of a change in FX language in this week's closing statement from the G7 meeting of Finance Ministers and Central Bank governors in Canada, ING's FX analyst Chris Turner notes.
US natural gas falls on larger-than-expected storage build - ING
US natural gas prices declined sharply as storage data surprised to the upside, reinforcing concerns about near-term oversupply and weighing on NYMEX Henry Hub futures, ING's commodity experts Ewa Manthey and Warren Patterson note.
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