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USD/CAD Eases from 1.3960 Highs, Bullish Trend Intact
The US Dollar eased against the Canadian Dollar on Tuesday, pulling back from near the year-to-date peak of 1.3960, while the broader bullish trend remains in place.
Euro Holds Losses Against Pound Despite Stronger German Industrial Production
The EUR/GBP cross remains near 0.8640 during early European trading on Tuesday, with the Euro staying weak against the British Pound despite stronger-than-expected German Industrial Production data.
EUR/USD Hits Two-Month Low Near 1.1500 as Yields Swing – Danske Bank
EUR/USD briefly touched a new two-month low near 1.1500 before retracing slightly. Danske Bank analysts attribute the move to concurrent V-shaped swings in global yields.
Silver Trades with Caution Around $68 Ahead of US CPI Data
Silver price (XAG/USD) edges lower near $67.90 during European trading as investors await the US CPI data for May.
BoJ Expected to Raise Rate to 1.0% in June, Nikkei Reports
The Bank of Japan is widely expected to raise its short-term policy rate from 0.75% to 1.0% at its June 15–16 meeting, according to a Nikkei report.
EUR/USD Strengthens Toward 1.1550 on ECB Hawkish Bets
The euro edged higher against the dollar in early European trade Tuesday, supported by expectations of further ECB rate hikes. Traders are now awaiting US CPI data for fresh directional cues.
USD/JPY Holds Above 160.00 as Yen Stays Near One-Month Low, Intervention Risks Loom
The Japanese yen remains near a one-month low against the US dollar, with USD/JPY trading above the 160.00 mark despite a weaker greenback. Traders are cautious amid persistent intervention risks from Japanese authorities.
Indian Rupee Rebounds as Oil Prices Slump on Iran-Israel Truce
The Indian Rupee strengthened against the US Dollar on Tuesday morning after a sharp drop the previous day, driven by a decline in oil prices following reports of a ceasefire between Israel and Iran.
EUR/JPY Strengthens Above 184.50 as Hawkish ECB Supports Euro
EUR/JPY trades around 184.85, maintaining a bullish tone as the European Central Bank’s hawkish stance underpins the euro. The cross holds above 184.50 despite intervention risks.
EUR/USD Could Head Towards 1.1600 as Dollar Index Fails to Hold 100
The Dollar Index retreats below 100 after failing to sustain above that level, while EUR/USD bounces and may target 1.1600 or higher. EUR/INR remains bearish below 111, and EUR/JPY could test 186.
NZD/USD Steadies Above 0.5800 as Neutral Bias Prevails
The New Zealand Dollar holds above 0.5800 for a second day, with technical analysis showing a rectangle pattern indicating consolidation.
AUD/JPY Gains as China Trade Surplus Beats Expectations
The AUD/JPY cross edged up to around 112.90 during Asian hours after China's trade balance came in larger than forecast, lending support to the Australian dollar. Traders remain watchful for possible Japanese intervention.
Gold Rebounds from Three-Month Lows but Caution Remains
Gold (XAU/USD) has bounced from three-month lows of $4,269 but remains under pressure, trading above $4,300 in Asian session.
Australian Dollar Steady Despite Strong China Trade Balance Data
The Australian Dollar trades flat around 0.7050, consolidating after China reported a stronger-than-expected trade surplus for May.
Swiss Franc Steadies as USD Weakens on Iran-Israel Ceasefire Hopes
USD/CHF edged lower to around 0.7970 on Tuesday, extending losses after two days of gains, as a potential ceasefire between Iran and Israel reduced safe-haven demand for the US dollar.
China's Trade Surplus Widens to CNY723.98B in May
China's trade surplus for May expanded to CNY723.98 billion, up from the previous reading of CNY585.69 billion.
Upbeat NFP Data Spurs Dollar Rally, Market Eyes CPI
Strong NFP data triggered risk-off sentiment, pushing investors to the US dollar. DXY had one of its best weeks recently as markets prepare for CPI release.
Canadian Dollar Bounces Off Late March Low vs Weaker USD, Gains Capped by Oil
USD/CAD edged lower on Tuesday as the Canadian dollar bounced off late March lows, supported by a softer USD, though weak oil prices capped further upside.
US Dollar Index declines as Iran, Israel agree to halt strikes
The US Dollar Index (DXY) remained subdued around 100.00 during Asian hours as Iran and Israel agreed to halt strikes, easing geopolitical tensions.
Silver (XAG/USD) edges lower near $68 on Fed rate hike bets
Silver prices slipped to around $67.90 during Asian trading on Tuesday, paring recent gains as renewed Fed rate hike expectations and Middle East uncertainty weighed.
GBP/USD Consolidates Near 1.3350, Upside Limited
The British Pound is consolidating around the mid-1.3300s against the USD after bouncing from a three-week low near 1.3300, but upside potential appears limited.
USD/JPY Holds Above 160 as Yen Weakens Despite Intervention Warnings
The Japanese yen softened against the US dollar on Tuesday, with USD/JPY trading near 160.20 during Asian hours, as escalating Middle East tensions supported the greenback despite fresh intervention threats from Tokyo.
PBOC Sets USD/CNY Reference Rate at 6.8147
The People's Bank of China set the USD/CNY central rate at 6.8147 for Tuesday, compared to the previous day's fix of 6.8198.
AUD/USD Hovers Near Two-Month Low Ahead of China Trade Data
The Australian dollar remains near its lowest level since April 13 against the US dollar, struggling to extend a modest bounce as traders await China's trade balance data.