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EUR/JPY retreats from YTD high amid trade tensions and overbought signals
The Euro (EUR) is slipping against the Japanese Yen (JPY), easing from its recent year-to-date high of 172.28 reached on Wednesday amid fresh concerns over potential US tariffs targeting Japan.
Silver Price Forecast: XAG/USD marks third daily decline, pressured by firm US Dollar
Silver (XAG/USD) is trading near $36.40 on Wednesday, marking its third consecutive daily decline, as a stronger US Dollar and rising US Treasury yields continue to pressure precious metals.
JPY flat w/ overnight recovery mirroring spreads - Scotiabank
The Japanese Yen (JPY) is entering Wednesday's NA session unchanged against the US Dollar (USD) with an impressive recovery from overnight losses that seemed to primarily reflect movement in the US Treasury market, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
GBP quiet ahead of data highlights later in week - Scotiabank
The Pound Sterling (GBP) is entering Wednesday's NA session unchanged vs. the US Dollar (USD), with limited overnight movement reflecting the absence of any major data releases, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
US Dollar firm ahead of FOMC meeting minutes
The US Dollar (USD) maintains a firm footing on Wednesday, opening the day with a mildly bullish tone amid lingering tariff tensions and cautious market sentiment.
EUR soft as markets await German/France CPI Thursday/Friday - Scotiabank
The Euro (EUR) is soft and entering Wednesday's NA session marginally lower against the US Dollar (USD), hovering just above the 1.17 level at which it has found support so far this week, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
USD/CAD: Risks easing a little more from a technical point of view - Scotiabank
The Canadian Dollar (CAD) remains pinned back to near its recent lows against the US Dollar (USD) in the upper 1.36s, where the USD has camped out for most of the week so far, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
USD/CNH: Chance to rise above 7.1900 - UOB Group
There is a chance for US Dollar (USD) to rise above 7.1900 against Chinese Yuan (CNH), but it might not be able to maintain a foothold above this level.
USD rebound steadies in quiet trade - Scotiabank
Currency markets have slipped into a mid-week lull by the look of things this morning.
USD/JPY: Any advance may be limited to 147.20 - UOB Group
Strong momentum is likely to continue to outweigh overbought conditions, but any advance may be limited to 147.20.
EUR/GBP Price Forecast: Sideways trading with key support at 0.8600 in focus
The Euro is trading with a moderate bearish bias on Wednesday, although still within the last few days' range.
Gold extends losses as US Dollar, yields rise
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC) Meeting Minutes.
EUR/USD: There are also the rate differentials - Commerzbank
There is another reason why the USD is struggling to gain ground against the euro: the interest rate differential. The market is now pricing in just under two interest rate cuts by the Fed by the end of the year, but only one by the ECB.
USD/CAD rises to near 1.3700 as US Dollar trades firmly
The USD/CAD pair extends its recovery move to near 1.3700 during European trading hours on Wednesday, the highest level seen in over a week.
USD/CHF drifts away from the 0.8000 level ahead of the FOMC minutes
The US Dollar recovery from 14-year lows, at 0.7870, was rejected on Tuesday at 0.8000 for the second consecutive day, and the pair is trading lower on Wednesday, returning to the mid-range of the 0.7900s.The Swiss Franc is drawing support from a cautious market sentiment and a somewhat softer Dolla
Bailey speech: Higher uncertainty is delaying investment decisions
While presenting the Financial Stability Report on Wednesday, Bank of England (BoE) Governor Andrew Bailey noted that firms are telling them that higher uncertainty is delaying investment decisions, including capital raising, per Reuters.
NZD/USD: Unlikely to reach the major support at 0.5950 - UOB Group
Slight increase in momentum indicates New Zealand Dollar (NZD) is likely to edge lower against US Dollar (USD); any decline is unlikely to reach the major support at 0.5950.
Gold Price Forecast: XAU/USD skids below $3,300 as investors digest US tariff jitters
Gold price (XAU/USD) slips below the round-level support of $3,300 on Wednesday.
FOMC: How many July dissents? - Standard Chartered
Market expects a dovish hold in July, with Fed Chair Powell hinting at a September cut. Vice Chair Waller and Governor Bowman's comments in June increase the risk of two dissents. Dissents would raise the possibility of a more divided and perhaps more politicised FOMC in the future.
Is the USD really at risk? - Commerzbank
There's the danger that the US government's imposition of sanctions via the US Dollar (USD) as the world's leading currency could cast doubt on its status if the countries that use the USD as an international transaction medium no longer support such US sanctions. But is the USD really at risk?
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