Canadian Dollar: Recession and jobs data weigh against US Dollar – BBH

Geopolitical tensions heighten market volatility, impacting global oil supply stability and complicating diplomatic efforts for resolution. The post Oil prices rise amid US-Iran tensions despite Trump’s negotiation signals appeared first on Crypto Briefing.

The post Swiss Franc: Low inflation keeps range intact versus US Dollar – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman’s (BBH) Elias Haddad notes that Swiss inflation remains comfortably within the Swiss National Bank’s (SNB) price stability definition, with May Consumer Price Index (CPI) expected to stay subdued. This allows the SNB to keep rates at 0.00% for an extended period, even as markets price some tightening. Haddad expects USD/CHF to remain confined to a tight 0.7760–0.7910 range in the near term. SNB patience anchors Franc range “Switzerland May CPI is due Thursday. Headline CPI is expected at 0.7% y/y vs. 0.6% in April while core CPI is expected at 0.3% y/y for a second straight month.” “The Swiss National Bank (SNB) forecasts headline CPI to average 0.5% y/y in Q2.” “Overall, inflation remains well within the range of price stability of less than 2% per annum. As such, the SNB can afford to keep rates at 0.00% for some time.” “The swaps curve price-in 7

The post Euro strengthens against Canadian Dollar following German Retail Sales appeared on BitcoinEthereumNews.com. EUR/CAD extends its gains for the second successive day, trading around 1.6110 during the European hours on Monday. The currency cross remains stronger following the release of German Retail Sales data, which fell 0.3% month-on-month (MoM), while it was expected to have declined 0.4%. In March, Retail Sales dropped by 0.3% (revised from 2.0%). On an annualized basis, Retail Sales decreased 0.3%, compared to the prior release of a 0.2% decline (revised from 2.0%). The broader Eurozone faces a complex inflationary environment. Flash data for May revealed that while price pressures slowed in Germany, inflation accelerated in France, Italy, and Spain, leaving all four nations well above the European Central Bank’s (ECB) 2% target. This sticky inflation, combined with recent ECB Meeting Minutes showing that some policymakers had already pushed for a rate hike in April, strong

The post Canadian Dollar weakens on risk-off mood, dovish BoC’s tone appeared on BitcoinEthereumNews.com. USD/CAD extends its gains for the second successive day, trading around 1.3810 during the early European hours on Monday. The pair appreciates as the US Dollar (USD) holds ground on increased safe-haven demand amid US-Iran peace uncertainty. The US ISM Manufacturing Purchasing Managers Index (PMI) report will be published later on Monday. The geopolitical landscape remains fluid as diplomatic channels between Washington and Tehran experience ongoing activity. Iranian Foreign Minister Abbas Araghchi confirmed that talks and message exchanges with the United States are currently underway. However, Araghchi maintained a cautious stance, emphasizing that it remains impossible to properly evaluate the trajectory of these negotiations until a definitive and clear outcome is officially reached. Adding momentum to these diplomatic efforts, US President Donald Trump has requested specific r

The post Oil: Hormuz disruption keeps market strained – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale’s Michael Haigh and Jeremy Sellem argue that the proposed U.S–Iran ceasefire framework would only gradually restore flows through the Strait of Hormuz, keeping Oil markets tight. They see physical supply normalization pushed into late 2026, with end-user relief in Asia delayed to late October and prices staying above $200/bbl, while backwardation persists through 2027. Tight summer balances and delayed Hormuz normalization “If the 60-day MoU runs its course and the mines are then cleared within 30 days, meaningful flow through the Strait could resume, at best, by late August 2026, but end-user markets, especially in Asia, would only see relief by late October at best, leaving the market tight through peak summer and keeping prices elevated (>$200/bbl) with inventory rebuilding pushed into late 2027. Crude backwardation will be strong and persist through 2027.”

The post Switzerland Gross Domestic Product (YoY) fell from previous 0.7% to 0.5% in 1Q appeared on BitcoinEthereumNews.com. GBP/USD  struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data.  Source: https://www.fxstreet.com/news/switzerland-gross-domestic-product-yoy-fell-from-previous-07-to-05-in-1q-202606010700

The post Switzerland Gross Domestic Product (QoQ) came in at 0.7%, above forecasts (0.5%) in 1Q appeared on BitcoinEthereumNews.com. GBP/USD  struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data.  Source: https://www.fxstreet.com/news/switzerland-gross-domestic-product-qoq-came-in-at-07-above-forecasts-05-in-1q-202606010700

The post Canadian Dollar weakens as USD firms on geopolitics, Fed bets appeared on BitcoinEthereumNews.com. The USD/CAD pair attracts some buyers for the second consecutive day and reclaims the 1.3800 mark during the Asian session on Monday. Spot prices, however, lack bullish conviction and remain below the highest level since April 13, near the 1.3870 region, touched last week amid a combination of diverging forces. The uncertainty over US-Iran talks to end a three-month-old conflict and Israel’s incursion into Lebanon keeps geopolitical risk in play, underpinning the safe-haven US Dollar (USD) and acting as a tailwind for the USD/CAD pair. In fact, differences over Iran’s nuclear program and the Strait of Hormuz continue to complicate efforts to reach a deal. Moreover, Iran’s chief negotiator, Mohammad Bagher Qalibaf, stated that the country will not accept any agreement until its national rights are fully secured. Adding to this, reports suggest that the US has hardened its negotiat