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Germany Producer Price Index (YoY) fell from previous 2.2% to 1.8% in June
Germany Producer Price Index (YoY) fell from previous 2.2% to 1.8% in June
Germany Producer Price Index (MoM) came in at -0.3% below forecasts (-0.2%) in June
Germany Producer Price Index (MoM) came in at -0.3% below forecasts (-0.2%) in June
New Zealand Dollar edges higher above 0.5850 as softer US inflation dampens Fed rate hike bets
The NZD/USD pair holds positive ground near 0.5855 during the early European session on Monday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) as softer US inflation data have led traders to cut bets on imminent rate hikes from the US Federal Reserve (Fed).Â
USD/CAD Price Forecast: Tests 1.4000 after breaking below 50-day EMA
USD/CAD extends its losses for the second successive day. trading around 1.4010 during the Asian hours on Monday. The technical analysis of the daily chart indicates the pair is moving downward within the descending channel, suggesting an ongoing bearish bias.
EUR/USD Price Forecast: Edges higher to near 1.1450 but remains capped below 100-day SMA
The EUR/USD pair trades in positive territory around 1.1445 during the early European trading hours on Monday, bolstered by a hawkish tone from the European Central Bank (ECB).
Indonesian Rupiah declines as fuel shortages amplify concerns over fiscal strain
USD/IDR halts its four-day losing streak, trading around 18,020 during the Asian hours on Monday. The pair appreciates as the Indonesian Rupiah (IDR) faces headwinds from rising crude oil prices.
Australian Dollar gains ground against Japanese Yen, intervention risk looms
The AUD/JPY cross gains ground to near 113.55 during the early European session on Monday. The Australian Dollar (AUD) edges higher against the Japanese Yen (JPY) due to the interest rate differential between the Reserve Bank of Australia (RBA) and the Bank of Japan (BoJ).
EUR/JPY Price Forecast: Holds above nine-day EMA support at 185.50
EUR/JPY remains subdued for the third consecutive day, trading around 185.80 during the Asian hours on Monday. The currency cross is holding a constructive bullish bias as it stays above both the nine-day and 50-day Exponential Moving Averages (EMAs), now aligned as nearby dynamic support.
Swiss Franc gains ground ahead of Trade Balance data
USD/CHF extends its gains for the second successive day, trading around 0.8070 during the Asian hours on Monday. The pair depreciates as the Swiss Franc (CHF) receives support ahead of the release of Trade Balance data for June.
Japanese Yen hangs near four-decade low as bears turn cautious amid intervention risks
The USD/JPY pair seesaws between tepid gains/minor losses during the Asian session on Monday and currently trades just below mid-162.00s amid relatively thin liquidity on the back of a holiday in Japan.
New Zealand Dollar remains subdued following PBoC policy decision
NZD/USD remains in negative territory for the third consecutive day, trading around 0.5840 during the Asian hours on Monday.
British Pound holds steady near 1.3450 as US-Iran strikes intensify
The GBP/USD pair trades on a flat note around 1.3450 during the early Asian session on Monday. Traders continue to assess the developments surrounding US-Iran tensions after the US said that a third American troop was killed in the past two days.
PBOC sets USD/CNY reference rate at 6.7948 vs. 6.7934 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7948 compared to Friday's fix of 6.7934 and 6.7577 Reuters estimate.