Dollar Slips and Oil Falls as Markets Reprice Fed and Iran Risks
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
Markets
29
June
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By Sagar Dua - 132
GBP/USD is trading at 1.3220, above the strong support level of 1.3172, while maintaining its downward trend amid negative UK macroeconomic data. The decline is being limited by the Bank of England’s actions.
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By Sagar Dua
- 147
During the Asian session, EUR/USD is extending its upward momentum and testing 1.1386 as investors assess forecasts from monetary authorities that could significantly influence the European Central Bank’s future decisions.
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By Sagar Dua
- 122
During the morning session, USD/CHF is consolidating near 0.8100. Market activity remains restrained as investors await new catalysts for further movement.
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By Sagar Dua
- 125
During the morning session, USD/JPY is posting modest gains, offsetting the corrective momentum seen at the end of last week, which pushed the pair away from local highs above 161.70.
26
June
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By Sagar Dua
- 119
United States. The US dollar is weakening against the euro, pound, and yen.
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By Sagar Dua
- 122
During the Asian session, USD/TRY is holding near 46.6297 as market participants focus on Goldman Sachs’ revised year-end inflation forecast. Analysts raised the estimate from 27.5% to 29.0%, citing expectations of a more pronounced weakening of the national currency and persistently elevated inflation expectations. In their view, at the initial stage of the current macroeconomic cycle, weaker domestic demand was the main factor allowing inflation and business activity to slow at the same time.
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By Sagar Dua
- 118
During the morning session, GBP/USD is extending yesterday’s upward momentum and testing the 1.3200 level following the release of US macroeconomic data.
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By Sagar Dua
- 113
During the morning session, EUR/USD is extending yesterday’s upward momentum, which allowed the pair to move away from the lows of late May, and is testing the 1.1380 level as investors assess the latest macroeconomic data from the EU and the US.
25
June
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By Sagar Dua
- 102
United States. The US dollar is strengthening against the euro and yen, while showing mixed dynamics against the pound.
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By Sagar Dua
- 113
USD/JPY is moving within a long-term ascending channel. At the beginning of last month, amid currency interventions by the Japanese government, the pair tested its lower boundary near 156.25 (Murray level [0/8]) but failed to consolidate below it and resumed its upward movement.
24
June
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By Sagar Dua
- 97
United States. The US dollar is strengthening against the euro, the pound, and the yen.
23
June
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By Sagar Dua
- 107
United States. The US dollar is strengthening moderately against the euro and the pound but is showing mixed dynamics against the yen.
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