Market news
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PBOC holds Loan Prime Rates steady in June; 1Y at 3.0%, 5Y at 3.5%
The People's Bank of China kept its one-year and five-year Loan Prime Rates unchanged at 3.00% and 3.50% respectively, a decision that may influence the Australian Dollar.
Canadian Dollar Near April 2025 Lows as USD Gains on Iran Uncertainty
USD/CAD trades near 1.4170-1.4175, close to its highest level since April 2025, as the US dollar strengthens amid geopolitical uncertainty surrounding Iran.
Euro Falls to Near 1.1450 on US-Iran Deal Worries, Rate Expectations
EUR/USD slipped to around 1.1460 in early Asian trading as concerns over US-Iran peace talks and expectations of higher US interest rates boosted the safe-haven dollar.
Japan’s Katayama Says Ready to Respond to FX Moves as Needed
Japan’s Finance Minister Satsuki Katayama stated on Monday that officials are prepared to take appropriate action on currency fluctuations whenever necessary. She declined to comment on specific exchange rate levels.
Gold Vulnerable Near $4,120 as US-Iran Talks Weigh
Gold is trading near the weekly low of $4,120 as sellers maintain control amid volatile US-Iran negotiations. The metal appears vulnerable, with $4,100 in sight.
British Pound Drops Near 1.3200 on UK PM Starmer Resignation Reports
GBP/USD fell toward 1.3200 in early Asian trading Monday as reports emerged that UK Prime Minister Keir Starmer is expected to resign, adding political pressure to the pound.
Japanese Yen Struggles Near 161.50 as US-Iran Tensions Weigh
The Japanese Yen faces renewed selling pressure near 161.50 against the US Dollar as escalating US-Iran tensions undermine safe-haven demand for the yen.
AUD/USD Softens to Near 0.7000 as US-Iran Talks Stall
The Australian Dollar weakened against the US Dollar, with AUD/USD declining to around 0.7005 in early Asian trading on Monday. Risk-off sentiment driven by stalled US-Iran peace discussions weighed on the currency pair.
FXStreet Releases Video on Using Economic Calendar for Risk Management
FXStreet published a video explaining how to use its Economic Calendar as a risk management tool, focusing on avoiding stop-outs during news events with spread widening.
FXStreet Launches Propinder: Compare Prop Firm Challenges Based on Your Trading Profile
FXStreet introduces Propinder, a free and independent tool that allows traders to compare prop firm challenges based on their actual trading profile, with rules and drawdowns visible upfront.
Canadian Dollar Shifts Correlation from Crude Oil to Gold
The Canadian dollar, traditionally seen as a petro-currency, is now showing a stronger correlation with gold prices than crude oil, even as Middle East tensions keep oil bid.
Euro Falls Despite ECB Rate Hike
The euro weakened in the same period that the European Central Bank delivered its first rate hike in years, defying conventional market logic.
US Dollar Index rallies on Fed rate outlook
The US Dollar Index (DXY) has rallied this week, surprising markets that had dismissed a strengthening dollar, as the prospect of a Federal Reserve rate hike gains traction.
US Dollar Loses Momentum Ahead of PCE Data and Fed Decision
The US dollar is losing momentum as markets await key PCE inflation data and the first Fed policy decision under Chair Kevin Warsh. Global PMI releases and other central bank meetings are also in focus.
Silver Slides Below 200-Day SMA as Dollar Strengthens, Bears Eye $61
Silver fell over 3.32% on Friday, losing the 200-day SMA support, as the US Dollar rallied and Treasury yields rose on hawkish Fed signals.
USD/CAD Uptrend Intact, Bulls Eye 1.4200
USD/CAD extended gains during the North American session, up 0.27% on Friday and over 1.34% for the week, maintaining an upward bias as it targets last year's highs near 1.4200. The pair traded at 1.4175 after recovering from daily lows.
AUD/USD Flat as Hawkish Fed and RBA Signals Offset
AUD/USD traded little changed on Friday, with hawkish policy signals from both the Federal Reserve and the Reserve Bank of Australia offsetting each other and keeping the pair range-bound despite a modest pullback in the U.S. dollar.
NZD/USD Slumps Below 200-Day SMA, Eyes 0.57
The New Zealand Dollar fell for a third straight session, dropping over 1.48% on the week and hitting two-month lows near 0.5722 against the US dollar.
US Dollar Hits Mid-May Highs Above 101.00
The US Dollar posted strong gains last week, pushing the DXY above the 101.00 barrier for the first time since mid-May 2025.
USD/JPY Pares Losses, Eases from Two-Year High Near 161.00
The USD/JPY pair eased to near 161.00 on Friday, pulling back from a two-year high of 161.81 as US Dollar momentum fades despite a hawkish Fed stance.
Swiss Franc Weakens by Design, USD/CHF Hits Year High
The Swiss Franc is the weakest major currency this week, dragging USD/CHF to a fresh year high. The move is attributed to an unwinding of safe-haven bids after a US-Iran deal, but the Franc's haven status was already questionable.
USD/CHF Nears Seven-Month Highs, RSI Approaches Overbought Territory
USD/CHF continues its rally, approaching seven-month highs while the RSI edges closer to overbought levels, signaling potential overextension.
NZD/USD Extends Drop as Fed Tightening Bets Boost Dollar
The New Zealand Dollar continues to weaken against the US Dollar, with NZD/USD trading around 0.5740 on Friday, down 0.28% on the day, as expectations of a restrictive Fed policy bolster the greenback.
Pound Sterling Rebounds After Three-Month Low as Holiday Thins Trading
GBP/USD recovered from a three-month low of 1.3163 on Friday, edging up 0.18% to 1.3226 in thin holiday trade. The move was helped by a pause in USD buying after the Fed's hawkish tilt, though the pair is still on track for weekly losses.