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DXY Holds Above 101.50, Overbought RSI Points to Pullback Risk
The US Dollar Index (DXY) is trading near 101.50 in early European hours, but overbought RSI signals suggest a potential corrective decline.
RBA's Hauser: Inflation Still Too High, More Work Needed
Reserve Bank of Australia Deputy Governor Andrew Hauser stated that inflation remains far too high and the central bank still has work to do to bring it down.
EUR/GBP Tests 10-Month Lows Near 0.8610 as Risk Aversion Persists
The euro weakens against the pound for a fourth straight session, with EUR/GBP dropping to around 0.8610, its lowest level in ten months, amid continued risk-off market conditions.
NZD/USD Extends Losses to Six Days, Near 0.5655 on Hawkish Fed
The New Zealand Dollar weakened against the US Dollar for a sixth straight session, trading near 0.5655 in early European hours, pressured by a hawkish Federal Reserve stance.
Riksbank Minutes Expected to Show Split Among Board Members
Sweden's Riksbank will release minutes today after leaving the policy rate at 1.75% and raising the rate path. The board was divided in May, and the minutes are expected to confirm a continued split.
Bessent Comments on FX as Japan Reviews Reserves, PBOC Advisor Hints at Rate Cuts
Bessent discussed FX conditions as Japan evaluates its reserves management. A PBOC advisor signaled possible rate cuts, while Asian tech stocks saw volatility, especially in South Korea.
Indian Rupee Slides Further as Hawkish Fed Bets Strengthen
The Indian Rupee opened lower against the US Dollar on Wednesday, with the USD/INR pair extending gains as expectations of a hawkish Federal Reserve policy remain firm.
AUD/JPY Slides Below 112 on Intervention Fears, Bearish Bias Below 100-Day SMA
The AUD/JPY cross fell to around 111.70 in early European trading as the Japanese yen strengthened on heightened intervention concerns, keeping the pair bearish below its 100-day SMA.
AUD/USD Struggles Near April Lows, Bears Eye 0.6900 Break
AUD/USD extends its decline for a third straight day, slipping to a fresh low since April 7 as bears target a break below the 0.6900 level.
Euro Falls Below 1.14, Dollar Index Targets 101.5
The euro has broken below 1.1400 against the dollar, with potential for further decline toward 1.1300. The dollar index needs to break above 101.5 to sustain upward momentum.
EUR/USD Hits One-Year Low, Eyes 1.1350 as USD Strength Persists
The euro extended its slide against the dollar, dropping to a fresh one-year low during Asian trading. The pair now targets the 1.1350 level as a sustained bullish dollar offsets an oversold RSI reading.
Gold slides to two-week low near $4,050 as Fed rate hike bets lift dollar
Gold (XAU/USD) fell to a nearly two-week low around $4,050 during Asian trading, extending declines as expectations of further Federal Reserve rate hikes strengthened the US dollar.
Swiss Franc Slips to Seven-Month Low as USD/CHF Hits 0.8107
USD/CHF extended its rally for a sixth straight session, climbing to a seven-month high of 0.8107 during Asian trading on Wednesday as a stronger US dollar weighed on the Swiss franc amid ongoing Middle East tensions.
US Dollar Index Hits Fresh 13-Month High Near 101.50
The US Dollar Index (DXY) has climbed to a new 13-month high around 101.45 during Asian trading, extending its winning streak for a third consecutive day.
AUD/JPY Steadies as Australian CPI Cools, BoJ Hawkishness Caps Yen
The AUD/JPY pair traded near 0.6920 during Asian hours on Wednesday, steadying after six days of losses as Australian inflation data came in cooler and Bank of Japan hawkish expectations weighed on the yen.
AUD/USD Bounces From April Lows After Soft Australian CPI
The Australian dollar edged higher against the US dollar on Wednesday after softer-than-expected Australian consumer inflation data, recovering slightly from its lowest level since early April near 0.6900.
Guide to Prop Trading: Rules, Risks, and Choosing a Firm
A new guide from FXStreet explains how prop trading accounts work, the risks involved, and how to select a firm that matches your strategy.
Australia CPI Slips to 4.0% YoY in May, Below Forecasts
Australia's annual CPI inflation eased to 4.0% in May, missing the 4.4% consensus estimate and down from 4.2% in the prior month.
NZD/USD Extends Losses to Sixth Day on Dollar Strength
The New Zealand Dollar continues to fall against the US Dollar, with NZD/USD trading near 0.5660. The greenback is supported by Middle East tensions and firm US economic data.
PBOC Sets USD/CNY Fix at 6.8195, Higher vs Previous
The People's Bank of China set the USD/CNY central rate at 6.8195 on Wednesday, up from 6.8171 the prior day and above a Reuters estimate of 6.7913.
USD/JPY Holds Near 161.50 as Yen Intervention Fears Linger
The USD/JPY pair is trading flat around 161.60 in early Asian hours Wednesday, as traders remain vigilant for possible Japanese intervention while increased Fed rate hike expectations may support the dollar.
GBP/USD Falls on USD Strength Amid Robust US Data
The British pound declined against the US dollar on Wednesday, with GBP/USD trading near 1.3200 during Asian hours. The greenback gained support from strong domestic economic reports and mixed geopolitical factors.
EUR/USD Falls Below 1.1400 as Fed Rate Hike Expectations Boost Dollar
EUR/USD extended its decline to near 1.1380 in early Asian trading, pressured by growing bets on a Federal Reserve rate hike that lifted the US dollar. Traders also monitored US-Iran peace developments.
BoJ Member Says Suitable to Keep Hiking, Conditions Accommodative
The Bank of Japan's Summary of Opinions from its June meeting includes a member stating that it is suitable to continue raising rates as conditions remain accommodative.