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Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
NZD steady as RBNZ holds OCR at 3.25% - BBH
NZD/USD is range-bound around 0.6000. RBNZ delivers a dovish hold.
GBP/USD: Likely to trade in a sideways range of 1.3540/1.3640 - UOB Group
Pound Sterling (GBP) is likely to trade in a sideways range of 1.3540/1.3640 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/MXN downtrend eyes 18.15 after breakdown - Société Générale
USD/MXN remains under pressure after breaking down from a multi-month consolidation, with the pair still lacking signs of a meaningful rebound as it grinds toward fresh lows, Société Générale's FX analysts note.
NZD: RBNZ holds rates, upcoming data key - ING
The Kiwi dollar fluctuated after the RBNZ held overnight, and is now back at yesterday's 0.600 close, ING's FX analyst Francesco Pesole notes.
USD/CAD Price Forecast: Surges to near 1.3700, remains above nine-day EMA
The USD/CAD pair has recovered its recent losses from the previous session, trading around 1.3690 during the European hours on Wednesday. The technical analysis of the daily chart suggests a prevailing bearish sentiment as the pair consolidates within the descending channel pattern.
EUR/USD: Expected to trade in a range between 1.1690 and 1.1760 - UOB Group
Euro (EUR) is expected to trade in a range between 1.1690 and 1.1760 against US Dollar (USD). In the longer run, EUR strength from late last month has ended; the current pullback could extend to 1.1660, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Trump says he plans 50% tariffs on Copper imports - ING
US Copper futures hit a record high yesterday after President Donald Trump announced he plans a 50% tariff on Copper imports. The magnitude of yesterday's spike also set a record for a one-day increase.
USD: Still little affected by tariff news - ING
The FX market continues to approach tariff headlines with caution, broadly subscribing to the view that Trump is using the upcoming deadlines as leverage for trade negotiations but is unlikely to maintain elevated reciprocal tariffs for long.
US Dollar Index (DXY) consolidates above 97.00 with tariffs weighing on sentiment
The US Dollar Index, which measures the USD against a basket of currencies, is trimming previous gains as risk aversion eases somewhat during the early European session.
China: CPI mildly positive after four preceding months of deflation - UOB Group
China's Consumer Price Index (CPI) turned mildly positive in Jun after declining from Feb till May. Headline CPI rose 0.1% y/y (Bloomberg est: -0.1%; May: -0.1%). Core CPI (excluding food & energy) edged up slightly to 0.7% y/y from 0.6% y/y in May.
Brent creeps back above $70/bbl - ING
Oil prices edged higher yesterday, with Brent settling back above $70/bbl. This is despite ongoing uncertainty over tariffs, along with OPEC+ recently announcing a larger-than-expected increase in supply for August, ING's commodity experts Ewa Manthey and Warren Patterson note.
EUR: EU waiting on Trump's trade letter - ING
EUR/USD might have found a short-term anchor at 1.17. Despite the post-NFP hawkish repricing in the USD OIS curve, the two-year swap rate gap remains 15-20bp wider than a month ago.
AUD/JPY hovers around 96.00 after pulling back from five-month highs
AUD/JPY continues its winning streak for the third successive session, trading around 95.80 during the European hours on Wednesday.
EUR/USD hesitates near weekly lows as trade tensions grow
The EUR/USD pair is practically flat on Wednesday, near the bottom of the weekly range, as investors remain wary of risk after US President Donald Trump announced new tariffs on copper and pointed to significant restrictions on pharmaceuticals.
NZD/USD is struggling to regain the 0.6000 level after the RBNZ's "dovish hold"
The New Zealand Dollar picked up as the market digested the RBNZ's dovish statement and tested the 0.6000 psychological level, as the market mood brightened somewhat in Wednesday's early European session.
WTI rises above $67.00 due to rising supply concerns, US tariffs delay
West Texas Intermediate (WTI) Oil price extends its winning streak for the third successive session, trading around $67.60 per barrel during the Asian hours on Wednesday.
Pound Sterling trades with caution as Trump unveils fresh tariff threats
The Pound Sterling (GBP) trades cautiously around 1.3600 against the US Dollar during European trading hours on Wednesday, with the GBP/USD pair broadly stable after United States (US) President Donald Trump threatened a series of new tariffs on Tuesday.
Forex Today: Tariff uncertainty weighs on mood as attention turns to FOMC Minutes
Here is what you need to know on Wednesday, July 9:
GBP/JPY refreshes yearly high near 200.00 on Japanese Yen's continued underperformance
The GBP/JPY pair extends its winning streak for the third trading day on Wednesday.
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