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EUR/JPY Holds Gains Near 185.50, Bullish Bias Prevails
EUR/JPY traded around 185.40 during Asian hours on Friday, maintaining a constructive bullish bias after minor losses the previous day. The cross remains above both the 9-day and 50-day exponential moving averages.
NZD/USD Slides Toward 0.5800 as Iran Risks Bolster USD, Offset Hawkish RBNZ
The New Zealand dollar weakened against the US dollar on Friday, approaching the 0.5800 level as safe-haven demand from Iran-related tensions lifted the greenback, countering the Reserve Bank of New Zealand's hawkish stance.
AUD/USD Dips Below 0.7050 as US PPI Boosts Dollar
The Australian Dollar weakened against the US Dollar after US wholesale prices rose more than expected, pushing AUD/USD to around 0.7030 during Asian trading.
Canadian Dollar Weakens as USD/CAD Extends Gains to 1.3980
USD/CAD rose to 1.3980 during Asian hours on Friday, extending gains for a second day as the Canadian Dollar weakened despite easing risk aversion. However, resistance may emerge if the US Dollar is sidelined by geopolitical developments.
Japan's Katayama: No Impact on BoJ Policy Meeting Despite Ueda's Hospitalization
Japan's Finance Minister Satsuki Katayama stated that the Bank of Japan's monetary policy meeting scheduled for June 15-16 will proceed as planned, even though Governor Kazuo Ueda is hospitalized with a liver infection.
PBOC sets USD/CNY reference rate at 6.8109, lower than previous fix
The People's Bank of China set the USD/CNY central parity rate at 6.8109 on Friday, down from 6.8150 the previous day.
GBP/USD Eases from Weekly High as Iran Risks Weigh, UK Data Ahead
The British pound retreated from its weekly peak against the US dollar during Asian trading, pressured by escalating Iran tensions and anticipation of upcoming UK economic data.
USD/JPY Rises as Hot US PPI Boosts Dollar
USD/JPY rose to near 160.25 in early Asian trading on Friday, supported by hotter-than-expected US PPI data which strengthened the US Dollar against the Japanese Yen.
Euro Strengthens After ECB Hikes Rates for First Time Since 2023
The euro rose against the dollar to around 1.1575 on Friday after the European Central Bank raised interest rates for the first time since 2023, with improved risk sentiment also supporting the move.
Gold Rebounds from 6-Month Low as Trump Cancels Iran Strikes
Gold prices rose near $4,240 during early European trading Friday, recovering from a six-month low after US President Trump canceled planned military strikes on Iran, boosting hopes for a truce deal.
GBP/JPY Consolidates Near 214.70 as Intervention Worries Cap Upside
The Pound Sterling ended Thursday almost flat near 214.70, with market sentiment improving after US President Donald Trump cancelled attacks and hinted at a possible deal. However, intervention concerns continue to limit further gains in GBP/JPY.
British Pound Rallies on US-Iran De-escalation
Sterling recovers sharply after President Trump cancels planned strikes on Iran, triggering a risk-on rally that lifts the pound from intraday lows.
Yen Strengthens as War Cancelation Spurs USD/JPY Drop
USD/JPY traded around 160.50 until a geopolitical development—the cancellation of a war—caused the yen to rally without any intervention from Tokyo.
AUD Rallies on Peace Deal Missing One Signature
The Australian Dollar rallied on Thursday, climbing above 0.7000 as a peace agreement between Washington and Tehran remains incomplete, lacking one final signature.
Commerzbank: Oil Shock and Reserve Strategy Impact Yuan
USD/CNY is near 6.78, with the PBoC model implying a slightly stronger fixing. China's domestic oil reserve tapping is affecting the Yuan.
EUR/USD Rises Toward 1.1600 on Iran Peace Hopes, but RSI Stays Bearish
The EUR/USD pair surged over 0.36% as the US dollar weakened after President Trump canceled strikes on Iran, citing progress on a peace agreement. Despite the rally, the RSI remains in bearish territory.
US Dollar Retreats from Ten-Week High as ECB Outlook Weighs on Euro
The US Dollar Index fell sharply to 99.60 after hitting a three-month high, as profit-taking offset stronger-than-expected Core PPI data. The Euro came under pressure from ECB policy outlook.
Bank of Thailand Sees No Need for Emergency Meeting on Baht Weakness
The Bank of Thailand rejects the need for an emergency policy meeting, stating the baht has only modestly weakened amid the U.S.–Iran conflict, with strong external buffers and signs of returning inflows to long-term bonds.
UOB Maintains Mildly Positive USD/SGD View, Eyes 1.2900
UOB FX strategists Quek Ser Leang and Lee Sue Ann keep a mildly bullish stance on USD/SGD, targeting a test of 1.2900 in the near term with 1.2915 as a tougher resistance. They see gains intact as long as the pair holds above 1.2830.
US Dollar Index Retreats from Two-Month High After Trump Cancels Iran Strikes
The US Dollar Index trimmed gains on Thursday after President Trump called off planned strikes on Iran, pulling back from a two-month high.
Commerzbank: South Korea Tightens FX Oversight to Steady Won
Commerzbank notes South Korean authorities have intensified FX monitoring, including more frequent reviews of banks' FX positions and joint inspections with the Bank of Korea, aiming to stabilize the Korean Won. USD/KRW consolidates near 1,520 after hitting its highest level in years.
Gold Rebounds from Six-Month Low on Trump Threat, Middle East Tensions
Gold (XAU/USD) trimmed earlier losses and turned positive on Thursday, rising 0.58% as US-Iran exchanges of fire dimmed hopes for a swift resolution to the Middle East conflict. The metal traded near $4,091 after hitting a six-month low.
MUFG: Thai Baht Vulnerable to Energy Shock, High Oil Prices
MUFG strategist Lloyd Chan warns that the Thai Baht is particularly exposed to prolonged Middle East conflict and elevated oil prices due to Thailand's large net oil and gas deficit, weakening terms of trade, and low domestic yields.
UOB Keeps Neutral Stance on USD/CNH, Sees Consolidation in Tight Range
UOB maintains a neutral view on USD/CNH, expecting intraday consolidation between 6.7760 and 6.7880 and a broader range of 6.7620–6.7980 over the next 1–3 weeks.