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Experts agree: Japanese Yen needs more than intervention to take off from lows
The Japanese Yen (JPY) extends losses against the US Dollar (USD) in a calm trading session on Monday.
Gold: Breakout sustains upward momentum – Societe Generale
Societe Generale analysts highlight that Gold has broken out of a small base formation, reclaimed its 200‑DMA and is enjoying an extended rebound. The move is framed within broader Dollar debasement concerns and rising term premium.
Euro: Positioning supports gradual gains against US Dollar – ING
ING’s Chris Turner highlights futures data showing asset managers and leveraged funds adding Euro exposure, leaving speculators underweight. He notes recovering German IFO and Eurozone PMIs, and sees limited need for EUR/USD to drop sharply below 1.1660/70 unless risk assets suffer.
Gold extends gains as US Treasury buyback fallout keeps buyers in control
Gold (XAU/USD) remains firmly bid on Monday after last week’s rally sparked by the US Treasury’s buyback announcement. However, buyers appear hesitant to push prices much higher as traders await key risk events later this week.
New Zealand Dollar: Retail slump yet hikes priced – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that New Zealand retail sales volumes unexpectedly fell in Q2, driven by fuel and motor-related categories, while core sales still rose, showing resilient domestic demand.
AUD/USD Price Forecast: Aussie eases from 12-week highs with bulls still in command
The Australian Dollar (AUD) ticks lower against the US Dollar (USD) on Monday, but maintains its broader bullish tone, with the AUD/USD pair trading at 0.7164, a few pips shy of the 12-week high of 0.7180 hit last Friday.
Gold Price Forecast: XAU/USD pushes higher, but overbought RSI warns bulls
Gold (XAU/USD) maintains a bullish bias on Monday and trades near its highest levels since mid-May.
New Zealand Dollar edges down from highs amid soft retail consumption data
The New Zealand Dollar ticks down against the US Dollar on Monday, weighed by an unexpected decline in New Zealand’s Retail Sales in the second quarter of the year.
Euro steadies against Japanese Yen as markets weigh ECB, BoJ rate hikes
EUR/JPY trades around 185.70 on Monday at the time of writing, virtually unchanged on the day.
US Dollar: Event-driven risks shape debasement narrative – MUFG
MUFG’s Derek Halpenny notes the US Dollar is broadly stable as investors focus on US Treasury actions to contain long-term yields and renewed talk of Dollar debasement.
Australian Dollar: Momentum builds toward 0.7200 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight AUD/USD’s sharp rally to 0.7180 and close near 0.7170, noting the move looks stretched but still lacks signs of a pause.
Canadian Dollar: Trade tensions threaten recovery against US Dollar - OCBC
OCBC’s Sim Moh Siong and Christopher Wong warn that renewed US-Canada trade tensions could undermine the Canadian Dollar’s (CAD) recent recovery.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $68.80 per troy ounce, down 0.25% from the $68.98 it cost on Friday.