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NZD Trades Weakly Despite Steepest Hiking Path in Developed World
The New Zealand dollar carries the steepest implied tightening path among developed nations but continues to trade weakly, reflecting market skepticism.
AUD Caught Between Commodity Support and Weak Demand
A strong commodity backdrop continues to support the Australian Dollar, but weak domestic demand is capping gains, with Wednesday's session underscoring the divide.
Gold Falls to Multi-Month Low Near $4,050 as Hot US Inflation Fuels Fed Hawkish Bets
Gold price (XAU/USD) tumbled to around $4,050, the lowest since November 2025, during early Asian trading as stronger-than-expected US inflation data reinforced expectations of a more hawkish Federal Reserve.
Japanese Yen Weakens After Historic Rate Hike, US Inflation Surprise
The yen logged its weakest close in nearly two years as US inflation hit a fresh cycle high, raising the risk of currency intervention by Japanese authorities.
US Dollar Rebounds After Hotter CPI Data
The US Dollar Index firmed above 100.00 after May CPI data showed inflation accelerating to 4.2% YoY from 3.8%, with a monthly rise of 0.5%.
Euro Muted Near 1.1550 Ahead of Expected ECB Rate Hike
The EUR/USD pair trades near the 1.1550 level as the euro remains little changed ahead of an anticipated European Central Bank interest rate hike.
USD/JPY Reclaims 160 as RSI Nears Overbought, BoJ Risk Looms
USD/JPY extended its gains for a second day, drifting above the 160.00 threshold, an intervention zone, but remains below the YTD high of 160.72 set on April 30. RSI is nearing overbought levels while BoJ intervention risk persists.
Swiss Franc Falls as US-Iran Tensions Boost Dollar Demand
The Swiss Franc weakened against the US Dollar on Wednesday as escalating tensions between the United States and Iran boosted safe-haven demand for the greenback, with traders showing little reaction to latest US inflation data.
Gold Crashes Over 3% as US Inflation Data and Trump Threat Boost Yields, Oil
Gold (XAU/USD) fell over 3% on Wednesday after US inflation data remained elevated, reinforcing higher-for-longer rate expectations, while Trump's strike threat pushed oil and yields higher.
Bank of Canada Holds Rate at 2.25%, Macklem Signals Patience
The Bank of Canada kept its policy rate unchanged at 2.25% on Wednesday, in line with expectations, with Governor Tiff Macklem signaling a patient approach to future moves.
Bank of Canada Holds Rates Steady, Canadian Dollar Recovers from Intraday Lows
The Bank of Canada kept interest rates unchanged, causing the Canadian Dollar to pare losses against the US Dollar. USD/CAD traded around 1.3925 after recovering from an intraday low.
Gold Extends Decline to Ten-Week Low, Breaks Below Bear Channel Support
Gold prices fell to their lowest in ten weeks, accelerating after breaking below the lower boundary of a bear channel that had contained previous declines.
Selling Slows but Inflation Data Offers Little Comfort
Tuesday's volatility and disappointing inflation figures have left investors jaded, according to Chris Beauchamp, Chief Market Analyst at an online trading platform. Selling pressure persists but at a reduced pace.
British Pound Hovers Near 1.3400 as Hot US CPI Weighs on USD
GBP/USD traded near 1.3400 on Wednesday after rising over 0.19% as US CPI matched estimates but hit a three-year high, weighing on the dollar.
Silver Falls Toward Two-Month Low as Fed Hike Bets Pressure XAG/USD
Silver (XAG/USD) dropped to around $64.70, down 1.02%, approaching a two-month low amid rising expectations of further Federal Reserve rate hikes.
AUD/USD Extends Losses Near 0.7020 on US Inflation, RBA Cut Bets
The Australian Dollar weakened for a fourth consecutive session as US inflation data reinforced expectations of sustained high Fed rates and NAB forecast further RBA rate cuts.
Denmark Core Inflation Hits 2.1% in May, Headline Below Euro Area
Danish consumer prices rose 1.9% year-over-year in May, while core inflation climbed to 2.1% — its highest since early 2024 — driven by hotel and travel costs.
Scotiabank: JPY Bearish vs USD as BoJ Hike Already Priced
Scotiabank analysts note the Japanese Yen is underperforming despite strong PPI data, as markets have fully priced a 25 bps BoJ rate hike next week and another subsequent hike.
USD Uptrend Intact into FOMC – TD Securities
TD Securities strategists note that a softer US core CPI triggered only modest dollar weakness, arguing the broader USD uptrend remains supported by strong payrolls and geopolitical factors ahead of the FOMC meeting.
Mexican Peso: Softer Carry but Relative Support – Rabobank
Rabobank strategists note the Mexican Peso has gained against the US dollar year-to-date but recently weakened, citing softer carry trade conditions while maintaining relative support.
NZD/USD Sideways After Mixed China Data and US Inflation High
NZD/USD traded around 0.5815 on Wednesday, little changed on the day, as investors digested mixed economic data from China and a three-year high in US inflation.
Czech Koruna Outlook Supported by Early CNB Rate Hikes – ING
ING analyst Frantisek Taborsky notes that while Czech inflation surprised to the downside, strong wage growth and stable core inflation keep the Czech National Bank on track for a rate hike at its June meeting, supporting the koruna.
Canadian Dollar Rises as US CPI Miss Fails to Boost USD, BoC in Focus
The Canadian Dollar strengthened against the US Dollar on Wednesday after softer-than-expected US inflation data weighed on the greenback, while markets await the Bank of Canada's interest rate decision.
AUD/USD Seen Range-Bound Near 0.70–0.71 as Momentum Fades
Rabobank strategist Jane Foley notes the Australian Dollar has dropped from top G10 performer to the bottom as growth momentum wanes and the US Dollar strengthens, with a near-term outlook stuck around 0.70–0.71.