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ECBâs EscrivĂĄ: Central bank to keep all options on a meeting-by-meeting basis
European Central Bank (ECB) policymaker and Governor of the Bank of Spain, JosĂ© Luis EscrivĂĄ, said on Wednesday that the central bank âwill keep all options on the table and decide on a meeting-by-meeting basis.â
Silver Price Forecast: XAG/USD falls toward $58.00 as Trump declares Iran truce âfinishedâ
Silver price (XAG/USD) extends its losses for the third consecutive day, trading around $58.30 per troy ounce during the European hours on Wednesday. The non-yielding white metal struggled as renewed Middle East escalations threatened the interim United States (US)-Iran peace deal.
Swedish Krona: Weakens against Euro â Societe Generale
Societe Generaleâs Kenneth Broux highlights EUR/SEK reclaiming its 200-day moving average and breaking above a base, signalling a short-term uptrend towards 11.11.
Australian Dollar turns upside down as Trump says MoU with Iran seems over
The Australian Dollar (AUD) gives back its early gains and turns lower to near 0.6915 against the US Dollar (USD) during the European trading session on Wednesday.
Australian Dollar: Pullback within broader upside risk against US Dollar â UOB
United Overseas Bankâs (UOB) Quek Ser Leang notes AUD/USD has retreated from recent highs after failing to clear resistance near 0.6980.
Aluminium: Deficit outlook supports rebound â ING
INGâs Warren Patterson and Ewa Manthey note Aluminium has extended gains after hitting a fourâmonth low, as lower prices attracted Chinese buying.
Dow Jones futures fall on increasing risk aversion, FOMC Minutes awaited
Dow Jones futures decline 0.40% to trade around 52,980 during European trading hours on Wednesday. Meanwhile, S&P 500 futures and Nasdaq 100 futures fall 0.17% and 0.14%, trading near 7,540 and 29,350, respectively.
6.8000: Chinese Yuan looks contained despite PBoC push to make Hong Kong main offshore hub
The offshore Chinese Yuan (CNH) is capturing market attention following a sweeping set of structural measures announced by the People's Bank of China (PBoC) to cement Hong Kongâs status as a global offshore hub for the Yuan.Â
GBP/JPY Price Forecasts: Pound nears 217.00 with the 217.24 all-time high eyed
The British Pound (GBP) has resumed its broader uptrend against the Japanese Yen (JPY) on Wednesday, with price action drawing closer to the 217.00 level and the all-time high of 217.22, on the bullsâ focus.
US President Trump: I think MoU with Iran is over
United States (US) President Donald Trump said during European trading hours on Wednesday that the memorandum of understanding (MoU) with Iran, aimed at ending the war in the Middle East, is over.
EU Foreign Affairs Chief Kallas condemns Iranâs attacks on Bahrain and Kuwait
European Union (EU) Foreign Affairs Chief Kaja Kallas said during the European trading session on Wednesday that exchanges of fire between the United States (US) and Iran further complicate already fraught talks to end the war.
Polish Zloty: Neutral MPC guidance points to underperformance â Commerzbank
Tatha Ghose at Commerzbank expects Polandâs NBP to leave rates at 3.75%, with forwards already reflecting this. With inflation momentum near zero and energy-driven disinflation back, earlier hike bets have been unwound and some analysts now discuss potential easing from Q4 or March 2027.
Forex Today: Markets await FOMC Minutes while tensions in Middle East escalate
Here is what you need to know on Wednesday, July 8: