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USD/CHF Price Forecast: Swissie rebounds at 0.8042 support
The USD/CHF reversed course, rising by over 0.40% late Thursday as the Greenback staged a recovery amid overall risk aversion, heightened tensions in the Middle East, and strong US economic data. The pair trades at 0.8088 after bouncing off daily lows of 0.8045.
Singapore Dollar: Further upside risk builds against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD downside momentum has intensified after a sharp intraday swing, with firm support highlighted at 1.2875 and 1.2860.
Mexican Peso drops as risk aversion underpins the US Dollar
The Mexican Peso depreciated by about 0.30% on Thursday as market participants turned risk-averse amid an escalation of the Middle East conflict, which has driven energy prices higher.
Euro falls as strong US jobless claims support US Dollar
EUR/USD trades lower near the 1.1440 area on Thursday, retreating around 0.2% as the US Dollar (USD) gains support from stronger-than-expected United States (US) labor market data.
European Union: Trade tools and China rebalancing – Standard Chartered
Standard Chartered analysts Christopher Graham and Carol Liao discuss how the European Union is seeking to rebalance its trade relationship with China without shutting the door on engagement.
Euro edges lower against the Japanese Yen despite ECB rate hike expectations
EUR/JPY trades around 185.80 at the time of writing on Thursday, little changed on the day after reaching a one-month high earlier this week.
British Pound pulls back as solid US data revives the Greenback
The Pound Sterling trims some of its Wednesday gains versus the US Dollar, down by over 0.48% following solid US data. The sell-off comes amid risk aversion and augments the safe-haven appeal of the Greenback. At the time of writing, the GBP/USD trades at 1.3375, after peaking near 1.3545.
United States 4-Week Bill Auction: 3.66% vs 3.63%
United States 4-Week Bill Auction: 3.66% vs 3.63%
Swiss Franc falls as Middle East tensions keep Fed rate hike expectations alive
The Swiss Franc (CHF) weakens against the US Dollar (USD) on Thursday as the Greenback regains its footing following a two-day decline. At the time of writing, USD/CHF trades around 0.8080, up nearly 0.35% on the day, rebounding from an intraday low of 0.8044.
Australian Dollar holds above 0.7000 as US Retail Sales lose momentum
AUD/USD trades slightly higher near the 0.7010 area on Thursday, extending its recent recovery as the US Dollar (USD) struggles to gain sustained momentum following mixed United States (US) economic data.
Canadian Dollar: Gains eye 1.3981 against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report USD/CAD is flat after the Bank of Canada (BoC) left policy unchanged and maintained a cautious tone on growth and inflation.
British Pound: BoE hikes not seen bullish – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that United Kingdom (UK) May Gross Domestic Product (GDP) slightly beat expectations, driven by services, but underlying details disappointed as production and construction contracted and growth relied on one subsector.
United States EIA Natural Gas Storage Change below forecasts (45B) in July 10: Actual (41B)
United States EIA Natural Gas Storage Change below forecasts (45B) in July 10: Actual (41B)