Forex Market Review: Dollar Firms, German Ifo Rises
United States of America. The US dollar is strengthening against the pound and the yen, while showing mixed performance against the euro.
Markets
24
June
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By Sagar Dua - 516
Forex EUR/USD. The euro is advancing against the US dollar in the Asian session, extending a strong bullish momentum that began yesterday. After opening with a negative gap, EUR/USD quickly regained lost ground and is now testing the 1.1610 resistance, approaching multi-week highs.
23
June
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By Sagar Dua
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The U.S. dollar is strengthening against the euro, pound, and yen, as forex traders navigate heightened geopolitical risks and mounting inflation concerns. Despite positive momentum for the greenback, investor sentiment remains cautious after U.S. intervention in the Iran-Israel conflict raised fears that Iran could block the Strait of Hormuz, which carries 20% of global oil traffic. Morgan Stanley analysts warn that such an escalation could accelerate inflation, reduce household spending, put pressure on GDP, and trigger an additional economic downturn. In the medium term, stagflation is a risk, leaving the Fed facing a dilemma between fighting recession and containing price growth. As a result, the dollar remains a key safe haven in the current turbulent environment.
20
June
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By Sagar Dua
- 526
The U.S. dollar is losing ground against the yen, euro, and pound in Friday’s forex trade as investors react to central bank policy and escalating geopolitical risks. Currency markets remain focused on the aftermath of the Fed’s fourth consecutive decision to hold rates at 4.25–4.50%, with Fed Chair Jerome Powell hinting at the potential for further dovish adjustments. Uncertainty also surrounds the upcoming July 9 expiration of trade sanction suspensions, which could alter tariff dynamics by late summer.
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By John Isige - 604
This week, the cryptocurrency market is displaying mixed trends while attempting to recover from declines triggered by the escalation of the Iran-Israel conflict. As of publication, Bitcoin (BTC) trades near $104,504.80 (+0.09%), Ethereum (ETH) is at $2,513.95 (–0.26%), Tether (USDT) hovers at $1.0000 (–0.05%), XRP is up to $2.1400 (+1.52%), and Binance Coin (BNB) stands at $644.07 (–0.68%). Total crypto market capitalization adjusted to $3.24 trillion, with BTC dominance edging down to 64.1%.
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By Sagar Dua
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The euro and British pound are gaining ground against the U.S. dollar in Thursday’s forex session, with EUR/USD testing the 1.1525 level as the correctional impulse extends. The week is set to close with minimal net change, as traders digest the outcome of the Federal Reserve’s two-day meeting. As anticipated, the Fed left its benchmark rate unchanged at 4.50% and released updated forecasts: CPI is now expected at 3.0% by end-2025 (vs. 2.7% earlier), 2.4% in 2026 (vs. 2.2%), and 2.1% in 2027 (vs. 2.0%). GDP growth was revised to 1.4% for 2025 (down from 1.7%) and 1.8% for 2026 (up from 1.6%). Meanwhile, German PPI inflation showed a deeper annual drop of –1.2%, and monthly data beat expectations at –0.2%. Earlier in the week, upbeat ZEW survey results lifted euro sentiment: Germany’s economic sentiment index jumped to 47.5 (vs. 35.0 forecast), while the eurozone reading climbed to 35.3.
19
June
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By Sagar Dua
- 505
The U.S. dollar gained ground against the Japanese yen while softening versus the euro and British pound in Thursday’s forex trading. Market participants focused on the outcome of the latest Federal Reserve meeting, where the central bank kept its policy rate unchanged at 4.25–4.50%—a decision reached despite ongoing criticism from the Republican administration. Former President Donald Trump had called for a sharp 1% rate cut, blaming Fed Chair Jerome Powell for “costing America billions.” The accompanying statement noted optimism regarding moderate business activity growth and labor market stability. Currently, eight out of nineteen FOMC members support a rate cut to 4.00–4.25% by year-end, while seven favor no change.
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By John Isige
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Bitdeer Technologies, a leading Bitcoin mining firm, triggered a sharp market reaction after revealing its plan to issue $330 million in convertible bonds maturing in 2031 at a yield of 4.875%. The debt offering, expanded from an initial $300 million, also features an additional $45 million purchase option for early investors, underscoring robust demand from institutional players despite recent volatility in the mining sector.
18
June
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By Sagar Dua
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United States. The US dollar is depreciating against the euro, yen, and pound on the forex market as escalating tensions in the Middle East reshape investor sentiment. The prospect of US involvement in the conflict is a particular concern: the National Security Council has given Tehran two days to decide on continuing nuclear negotiations, while Iran responded with threats to target American bases in the region. Against this backdrop, traders are gravitating towards safer havens than the dollar, such as the yen and Swiss franc.
17
June
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By Sagar Dua
- 478
United States: The US dollar is extending its gains against the euro, yen, and pound as geopolitical risks intensify. Tensions in the Middle East have persisted for five consecutive days, with market participants increasingly anxious about potential US involvement. President Donald Trump has called for American citizens to evacuate Tehran, convened the National Security Council, and cut short his G7 summit trip—a sequence that triggered early-morning selling in the dollar.
16
June
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By John Isige
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TRON was preparing to enter the US public market through a deal involving Nasdaq-listed SRM Entertainment. The Financial Times described the transaction as a reverse merger, while SRM officially announced a $100 million equity investment to launch a TRX treasury strategy.
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By Sagar Dua
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The US dollar is weakening against the euro, yen, and pound. Heightened fears of escalation in the Israel-Iran conflict are driving a flight to safe-haven assets, with new demand for oil-exporter currencies following Israeli strikes on energy infrastructure. As the US continues its transition to an oil-exporting model—supplying much of the EU’s hydrocarbon demand—the greenback receives some support. Meanwhile, all eyes are on the upcoming FOMC decision (Wednesday, 20:00 GMT+2). Despite recent macro data pointing to a slowing economy and ongoing political pressure from President Donald Trump, CME FedWatch Tool now prices a 99.8% probability that the Fed will hold rates steady at 4.25–4.50%.
14
June
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By Sagar Dua
- 535
Currency traders are strapping in for what’s shaping up to be a make-or-break week on the global stage. With the world’s monetary policy elite—from the Federal Reserve and the Swiss National Bank to the Bank of Japan and Bank of England—about to reveal their latest moves, the FX market is alive with speculation, recalibrated bets, and no shortage of nerves.
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