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Mexico Trade Balance s/a, $ climbed from previous $0.638B to $3.843B in June
Mexico Trade Balance s/a, $ climbed from previous $0.638B to $3.843B in June
US Dollar: Fed uncertainty tempers USD strength – MUFG
MUFG’s Lee Hardman notes the US Dollar has softened as Middle East tensions ease and Brent Oil retreats below USD90, reducing energy-driven inflation fears. The correction in energy prices has slightly lowered market-implied odds of a near-term Fed rate hike.
Gold Price Forecast: XAU/USD is looking for direction around $4,100
Gold (XAU/USD) has been consolidating gains during the European trading session, following a bullish gap at the week’s opening as a moderate improvement of risk sentiment hurt the safe-haven USD.
EUR/USD Price Forecast: Fiber resumes decline after testing Bearish Flag breakdown
The Euro (EUR) gives back a majority of its early gains against the US Dollar (USD) after failing to rise above the intraday high of 1.1418 on Monday.
British Pound: BoE pause risks dovish repricing – ING
ING’s Francesco Pesole expects the Bank of England (BoE) to leave rates unchanged this week, with a 7–2 vote remaining the base case, although Catherine Mann could join Huw Pill and Megan Greene in supporting a rate hike.
Euro: Growth and policy doubts point lower against US Dollar – HSBC
HSBC strategists see EUR/USD at risk of moving lower as the European Central Bank (ECB) maintains a cautious, data-dependent stance and refrains from signalling further rate hikes.
Gold struggles below $4,100 as US Dollar rebounds, Fed decision looms
Gold (XAU/USD) opens the week with a bullish gap on Monday but struggles to build on its early advance as optimism over a temporary pause in attacks between the United States (US) and Iran fades and Oil prices recover from intraday lows.
Swedish Krona: Moderately firmer tone into year-end – Rabobank
Rabobank’s Senior FX Strategist Jane Foley notes that benign Consumer Price Index (CPI) and CPIF inflation leave Sweden and the Riksbank better positioned than many G10 peers to delay rate hikes despite supply disruptions from the Iran war.
Japan PM Takaichi: We must exit from excessively tight fiscal policy
Japan Prime Minister (PM) Sanae Takaichi said during the European trading session on Monday that the economy needs to exit from fiscal tightness.
Canadian Dollar holds losses against US Dollar, weighed by lower Oil prices
The Canadian Dollar (CAD) remains vulnerable, despite the safe-haven US Dollar’s (USD) weakness on Monday, and extends losses for the second consecutive day.
Australian Dollar advances to 0.7000 as Middle East de-escalation weighs on the USD
AUD/USD trades around 0.7000 on Monday at the time of writing, up 0.33% on the day, supported by a weaker US Dollar (USD) as geopolitical tensions in the Middle East show signs of easing.
Japanese Yen: Macro backdrop favors recovery against US Dollar - BBH
Brown Brothers Harriman’s (BBH) Elias Haddad anticipates the Bank of Japan (BoJ) will leave its policy rate at 1.00% after June’s hike, with inflation still below target and markets pricing only gradual tightening.
USD/JPY Price Forecast: Eases to 163.50 with the broader bullish trend intact
The Japanese Yen (JPY) pares recent losses against the US Dollar (USD) on Monday, favoured by a relief rally, as the US and Iran halted their hostilities, opening the door for further negotiations.