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USD/CHF Price Forecast: Breaks trendline resistance, heading to the 0.8300 area
The US Dollar has bounced up from three-week lows, favoured by a brighter market mood.
China's Gold imports from Hong Kong rose sharply in April - Commerzbank
China's Gold imports from Hong Kong rose to almost 59 tons in April, nearly three times as much as in March and as high as a year ago, Commerzbank's commodity analyst Barbara Lambrecht notes.
USD/CAD: Minor USD rebounds are liable to attract renewed selling interest - Scotiabank
The Canadian Dollar (CAD) has slipped back amid the broader rebound in the USD vs US Dollar (YSD). USD gains have taken funds back to the mid/upper 1.37s and largely reflect the rebound in the USD rather than any CAD-negative development, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Oil prices remain stable: Possible production increases here and sanctions policy there - Commerzbank
The oil market is showing strength ahead of the OPEC+ meeting and the production decision due on Saturday by the eight cartel members who voluntarily cut production and are now considering a further significant withdrawal of these cuts in July, Commerzbank's commodity analyst Barbara Lambrecht notes
US Dollar ticks up after Japan limits debt issuances
The US Dollar Index (DXY), which tracks the performance of the Greenback's value against six major currencies, is tying up some minor gains, trading around 99.40 at the time of writing this Tuesday.
EUR a mid-performer with mixed data - Scotiabank
Euro (EUR) is soft, down 0.4% vs. the US Dollar (USD) and a mid-performer among the G10 as we head into Tuesday's NA session.
USD steadies but broader downtrend persists - Scotiabank
Markets should gear up a bit more after yesterday's subdued session and early trends suggest the USD may experience a limited rebound.
Why this rise in US yields is so remarkable - Commerzbank
At the beginning of the year, yields were higher, and in the fall of 2023 they were even significantly higher. And at that time, no one questioned the stability of US public finances. US government bond yields and the value of the US dollar have been closely correlated to date.
USD/CNH: Likely to trade sideways between 7.1640 and 7.1840 - UOB Group
US Dollar (USD) is likely to trade sideways between 7.1640 and 7.1840 against Chinese Yuan (CNH). In the longer run, downward momentum has not increased significantly, but bias for USD is on the downside toward 7.1500, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Europe's dream of a global reserve currency - Commerzbank
Yesterday ECB President Christine Lagarde gave a speech in Berlin. It was about how the euro could possibly replace the dollar as the dominant global currency in the future. The speech is worth reading, Commerzbank's Head of FX and Commodity Research Ulrich Leuchtmann notes.
EUR/GBP explores fresh lows sub-0.8380 as Eurozone data fails to inspire
The Euro extends losses for the fourth consecutive day against the British Pound, weighed by uninspiring Eurozone economic data and dovish comments by ECB policymaker Francois Villeroy.In Germany, the GFK Consumer Sentiment Index has ticked in from last week's lows but remains at extremely low level
USD/CAD rises to near 1.3760 as US Dollar gains ground
The USD/CAD pair gains to near 1.3760 during European trading hours on Tuesday. The Loonie pair rises as the US Dollar (USD) gains ground due to de-escalating trade tensions between the European Union (EU) and the United States (US).
ECB's Holzmann: ECB should pause further interest rate cuts until at least September.
European Central Bank (ECB) policymaker Robert Holzmann said on Tuesday that "the ECB should pause further interest rate cuts until at least September."
USD/JPY: Major support at 141.70 is unlikely to come under threat - UOB Group
US Dollar (USD) could edge lower and retest the 142.20 level vs Japanese Yen (JPY); the major support at 141.70 is unlikely to come under threat. In the longer run, risk is still on the downside, but it remains to be seen if USD can maintain its pace of decline.
WTI Oil picks up, but is expected to find resistance at $62.00
Crude prices are paring losses on Tuesday as the UK and US markets return from a long weekend on an upbeat market mood. Trump's decision to delay tariffs on European products has eased concerns about severe damage to global growth and to Oil demand by extension.
EUR/USD retraces on progress in US-EU trade talks, dovish ECB
EUR/USD corrects to near 1.1350 during European trading hours on Tuesday after revisiting the monthly high of 1.1425 the previous day.
EUR/CAD hesitates above 1.5600 with higher Oil prices supporting the loonie
The Euro is trading without a clear direction, as the enthusiasm of the delay on Trump's 50% tariffs wears out, while the moderate rebound on Oil prices is providing some support to the loonie.The pair has been losing momentum after hitting one-month highs, right above 1.5750 last week, yet with dow
Swiss Economy Minister: Hope that trade talks with US will have a result by July
Switzerland Economy Minister Guy Parmelin said on Tuesday, "we hope that by the beginning of July, we will have a result from discussions with the US."
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data.
NZD: How dovish does the RBNZ sound? - Commerzbank
Early tomorrow morning (European time), the Reserve Bank of New Zealand (RBNZ) will announce its decision on interest rates.
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