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Indian Rupee: Stabilisation but recovery hurdles against US Dollar – OCBC
OCBC strategists Christopher Wong and Sim Moh Siong observe that the Indian Rupee (INR) faced depreciation pressure as Oil and geopolitics resurfaced, pushing USD/INR towards a one‑month high.
Canadian Dollar: Labour data seen softening – TD Securities
TD Macro Research expects the Canadian labour market to soften in June, with employment unchanged versus market expectations for a 10k gain after May’s 87.8k surge.
Euro retraces previous gains as Eurozone data paves the way for an ECB pause
The Euro (EUR) has given away most of the daily gains against the US Dollar (USD) on Friday, returning to the 1.1430 area from session highs at 1.1475, which leaves the pair practically flat on the daily chart.
Silver Price Forecast: XAG/USD turns upside down amid renewed Middle East hostilities
Silver price (XAG/USD) surrenders its early gains and slides 0.73% to near $59.50 during the European trading session on Friday. The white metal turns negative amid fears that the next monetary policy move by the Federal Reserve (Fed) will be on the upside.
Australian Dollar rises on hawkish RBA, Iran diplomacy pressures USD
AUD/USD trades around 0.6950 on Friday at the time of writing, up 0.10% on the day after reaching a more than two-week high earlier in the day. The pair gives back part of its gains as investors remain caught between a weaker US Dollar (USD) and lingering factors supporting the Greenback.
Gold heads for weekly loss as Middle East uncertanity, Fed hike fears cap recovery
Gold (XAU/USD) trades on the back foot on Friday, struggling to build on the previous day's gains and heading for a weekly loss as renewed hostilities in the Middle East have revived fears of energy-driven inflation and Federal Reserve (Fed) interest rate hikes.
India Bank Loan Growth: 18.6% (June 15) vs 17.7%
India Bank Loan Growth: 18.6% (June 15) vs 17.7%
India FX Reserves, USD increased to $674.19B in June 29 from previous $666.93B
India FX Reserves, USD increased to $674.19B in June 29 from previous $666.93B
Euro: Range-bound rebound faces key resistance against US Dollar – Societe Generale
Societe Generale’s Kenneth Broux notes EUR/USD has rebounded after forming an interim low near 1.1325 and moved back into its prior range, signalling limited follow-through on the earlier breakdown.
Canadian Dollar: Softer Canada jobs seen weigh against US Dollar – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad describes USD/CAD trading just below 1.4200 and broadly aligned with US-Canada two-year yield spreads ahead of June labor data.
"The bar for a material hawkish turn is high": ING says the Bank of Canada won't surprise next week
The Canadian Dollar (CAD) is outperforming the US Dollar in the short term, pulling the USD/CAD pair down from recent multi-month highs. This corrective move comes at a crucial juncture, as global markets look ahead to the Bank of Canada's (BoC) upcoming policy meeting.
Gold Price Forecast: XAU/USD wavers around $4,100 with the bearish trend intact
Gold (XAU/USD) nurses minor losses with price action contained within Thursday’s trading range, around the $4,100 level, set for 1.6% weekly depreciation. Precious metals struggled this week as the resumption of hostilities in Iran boosted Oil prices, pressuring central banks to hike interest rates.
Euro declines as cooling Eurozone inflation, Japan pension reforms lift Yen
EUR/JPY trades around 184.95 on Friday at the time of writing, down 0.35% on the day, as the Japanese Yen (JPY) benefits from renewed demand following the government's announcement of a potential shift toward greater domestic investment.