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New Zealand Dollar declines below 0.5850 as US launches wave of strikes against Iran
The NZD/USD pair edges lower to around 0.5840 during the early European session on Friday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) as escalating tensions in the Middle East trigger risk-off sentiment, weighing on the riskier assets.
Euro: Looking for direction against US Dollar – Commerzbank
Commerzbank’s Volkmar Baur notes EUR/USD is struggling for clear direction as the Iran conflict, Oil prices, and diverging inflation dynamics cloud the outlook.
Japan’s Katayama says no change in stance that BoJ decides specific monetary policy
Japan’s Finance Minister Satsuki Katayama said on Friday that there’s no change to the government's stance that specific monetary policy means it's up to the Bank of Japan (BoJ) to decide.Â
USD/JPY Price Forecast: Trades near 162.50 after breaking above nine-day EMA
USD/JPY steadies after registering minor gains in the previous day, trading around 162.40 during the Asian hours on Friday. The currency pair is maintaining a bullish near-term bias as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs).
British Pound weakens as US Dollar advances on rising risk aversion
GBP/USD extends its losses for the second successive day, trading around 1.3460 during the Asian hours on Friday.
EUR/USD Price Forecast: Stays pressured below mid-1.1400s after failing near 200-SMA on H4
The EUR/USD pair ticks lower for the second straight day on Friday as energy-driven inflation fears revive US Federal Reserve (Fed) rate hike bets and support the US Dollar (USD) amid escalating US-Iran tensions.
Indonesian Rupiah gains as Q2 foreign direct investment increases
USD/IDR continues its losing streak for the fourth successive day, trading around 17,990 during the Asian hours on Friday.
Forex Today: US Dollar rebounds as US-Iran tensions flare up
Here is what you need to know on Friday, July 17:
AUD/JPY Price Forecast: Softens below 113.50 on fresh intervention rhetoric, while staying bullish
The AUD/JPY cross trades in negative territory around 113.35 during the early European trading hours on Friday. Fears of possible intervention from Japanese officials provide some support to the Japanese Yen (JPY) against the Australian Dollar (AUD).Â
Canadian Dollar holds near one-month top as bullish oil offsets Fed hike bets and firm USD
The USD/CAD pair struggles to capitalize on the overnight bounce from the vicinity of the 1.4000 psychological mark, or a one-month low, and attracts some sellers during the Asian session on Friday.
Swiss Franc steadies against Dollar as US-Iran tensions counter shifting Fed outlook
USD/CHF holds ground after registering modest gains in the previous day, trading around 0.8090 during the Asian hours on Friday. The pair could rise as the US Dollar (USD) receives support from escalating developments surrounding conflicts in the Middle East.
EUR/JPY Price Forecast: Remains below ascending triangle top near 186.00
EUR/JPY extends its losses for the second consecutive day, trading around 185.70 during the Asian hours on Friday. The currency cross is holding above both the nine-period and 50-period Exponential Moving Averages (EMAs), which reinforces a constructive near-term bias.
Chinese Yuan loses as safe-haven demand lifts US Dollar
USD/CNH gains ground for the second successive day, trading around 6.7760 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) receives support from escalating developments surrounding conflicts in the Middle East.