Swiss Franc holds gains against US Dollar as Middle East tensions outweigh upbeat US data
The Swiss Franc remains supported by rising geopolitical tensions in the Middle East despite stronger US consumer confidence.
US Dollar: Risk-off support and DXY downside risks – Scotiabank
The US Dollar Index’ (DXY) broader drift from late June highs
EUR/GBP Price Forecast: RSI flirts with oversold territory as bears defend key resistance
EUR/GBP rises for a second consecutive day as short-covering follows the midweek sell-off.
Dollar heads for weekly decline on eased Fed rate worries; sterling hits stride
The dollar was pinned near multi-week lows on Friday and headed for a distinct weekly decline as cooling U.S. consumer price data fueled expectations that the Federal Reserve may not immediately look to hike interest rates further.
Sterling today: Pound slips against strong dollar as Fed tightening bets hold firm
Sterling traded lower on Friday while the euro also dipped, as hawkish Federal Reserve commentary anchored the dollar and short-term implied volatility touched its lowest level since 2021, a calm that analysts warned carries its own dangers.
USD/JPY Price Forecast: Slides to 162.00 as constructive setup favors bulls before US CPI
USD/JPY edges lower on Tuesday as the JPY draws some support from intervention risks. The USD bulls turn cautious ahead of the US CPI and FedΓÇÖs Warsh, and weigh on the pair. The downside seems limited amid a supportive fundamental backdrop and bullish setup. The USD/JPY pair remains on the back foot through the first […]
Turkish Lira: Structural external gaps keep TRY under pressure ΓÇô Commerzbank
CommerzbankΓÇÖs Tatha Ghose highlights that TurkeyΓÇÖs current-account deficit widened in May and remains structurally driven by savings-investment imbalances. Portfolio inflows are muted, with May showing renewed outflows and signs of capital flight. Net FX reserves excluding swaps are estimated around USD 30bn after heavy interventions, leading Ghose to conclude that the Turkish Lira (TRY) is […]