Euro strengthens ahead of Germany’s Trade Balance data

The post USD/CHF Price Forecast: Dollar bulls lose steam after rejection at 0.8100 appeared on BitcoinEthereumNews.com. The US Dollar is trading lower against the Swiss Franc (CHF) on Thursday, as investors ponder the consequences of reciprocal US and Iran attacks and a 10% rebound in Oil prices, on the major central banks’ monetary policies. The USD/CHF pair has retreated to levels near 0.8050 after being rejected at 0.8100 on Wednesday. The Swiss Franc is drawing some support from a mild US Dollar weakness, as the Dollar Index (DXY) dips below 101.00 to test weekly lows. Investors sold the Greenback across the board on Wednesday, following the release of the Federal Reserve’s minutes, unimpressed with the central bank’s commitment to bring inflationary pressures back to target. Geopolitical tensions are also failing to support the safe-haven US Dollar on Thursday. A second round of reciprocal attacks between the US and Iran cast further doubt on a negotiated end of the war, and have

The post Euro holds gains against Japanese Yen as Germany’s Trade Surplus widens in May appeared on BitcoinEthereumNews.com. EUR/JPY extends its gains for the second successive day, trading around 185.70 during the early European hours on Thursday. The currency cross maintains its upward momentum following stronger-than-expected seasonally-adjusted Trade Balance data from Germany. Germany’s Trade Surplus widened to €19.1 billion in May, marking the largest surplus since February. This comfortably beat market forecasts of €14.8 billion and followed an upwardly revised €14.7 billion surplus in April. This expansion was driven by an unexpected 0.9% month-on-month surge in German exports, which hit a three-and-a-half-year high and defied expectations of a 0.3% decline. Conversely, imports dropped by 2.5% to a three-month low, missing the estimate for a 0.1% growth and reversing the previous month’s 1.1% gain. However, the upside of the EUR/JPY cross could be limited as the Japanese Yen (JP

The post Silver Price Forecast: XAG/USD jumps to near $59 as US Dollar declines appeared on BitcoinEthereumNews.com. Silver price (XAG/USD) is up over 1% to near $59.00 during the European trading session on Thursday. The white metal gains as the US Dollar (USD) faces selling pressure despite multiple tailwinds. At press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.25% lower to near 100.80. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.24% -0.28% -0.18% -0.10% -0.18% -0.58% -0.33% EUR 0.24% -0.04% 0.04% 0.13% 0.09% -0.31% -0.09% GBP 0.28% 0.04% 0.07% 0.17% 0.12% -0.27% -0.04% JPY 0.18% -0.04% -0.07% 0.07% 0.05% -0.38% -0.13% CAD 0.10% -0.13% -0.17% -0.07% -0.04% -0.44% -0.21% AUD 0.18% -0.09% -0.12% -0.05% 0.04% -0.39% -0.17% NZD 0.58% 0.31% 0.27% 0.38%

The post New Zealand Dollar advances above 0.5700 on RBNZ hawkish stance appeared on BitcoinEthereumNews.com. The NZD/USD pair gains momentum to around 0.5735 during the early European session on Thursday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) on a hawkish interest rate hike from the Reserve Bank of New Zealand (RBNZ). The US weekly Initial Jobless Claims report will be published later on Thursday. As widely expected, the RBNZ raised its Official Cash Rate (OCR) by 25 basis points (bps) to 2.50% from 2.25% at its July meeting on Wednesday. The central bank signalled that additional tightening may be needed, as policymakers sought to ensure inflation returns to target despite easing energy prices and an economy that is only gradually regaining momentum. However, softer Chinese inflation data might cap the upside for the China-proxy Kiwi. Data released by the National Bureau of Statistics of China on Thursday showed that the Consumer Price Index (CPI) climb

The post Federal Reserve Inflation AI Drives Rate Hike Debate appeared on BitcoinEthereumNews.com. The Federal Reserve’s June meeting minutes landed with a clear, if uncomfortable, message: AI-driven demand is now officially on the Fed’s inflation watchlist, and it’s complicating an already fractious internal debate over the future of interest rates. The release of those minutes Wednesday marked a turning point — not just in how the central bank frames inflation, but in how markets now read the odds of a rate hike before year-end. Key takeaways The Fed held rates steady at 3.5%–3.75% at its June 16-17 meeting, but nine of 18 voting members project at least one hike before end of 2026. The Fed’s year-end PCE inflation forecast jumped sharply from 2.7% to 3.6%, reflecting persistent price pressures. Officials directly cited AI infrastructure demand — through higher semiconductor, energy, and data center costs — as a driver of core goods inflation. CME FedWatch now puts the probability of

The post Market Watch: Equities Advance While Bitcoin (BTC) Maintains $62K Amid US-Iran Tensions appeared on BitcoinEthereumNews.com. Key Takeaways Equity futures showed gains Thursday following a second wave of US military operations targeting Iran Bitcoin maintained support above $62,000, posting a 1.2% daily decline but gaining 1.6% weekly Gold continued its downward trend for the fourth consecutive session as Brent crude advanced 1% to $78.80 per barrel Rate markets adjusted Federal Reserve hike expectations, moving the timeline from December to October The Fear and Greed index for Bitcoin rose to 27, breaking a 40-day streak in extreme fear levels Equity futures climbed Thursday morning as military tensions escalated with the United States executing another wave of strikes targeting Iranian positions. Contracts tied to the Dow Jones Industrial Average and S&P 500 both advanced 0.1%. Nasdaq-100 futures posted a 0.3% increase. E-Mini S&P 500 Sep 26 (ES=F) Late Wednesday, US military

The post Federal Reserve Minutes Reveal AI Boom Sparking Inflation Worries and Rate Hike Possibilities appeared on BitcoinEthereumNews.com. Key Takeaways Federal Reserve policymakers identify AI infrastructure expansion as a significant contributor to inflationary pressures through elevated semiconductor, energy, and data center expenses Interest rates remained unchanged at 3.5%–3.75% during June’s policy meeting under new Chair Kevin Warsh Half of the 18 voting committee members anticipate at least one rate increase by the conclusion of 2026 Market expectations show a 69.5% probability of unchanged rates at the upcoming July 29 decision, declining from 80% the previous week Prediction markets indicate a 59% likelihood of a rate adjustment this year, influenced by escalating U.S.-Iran geopolitical risks Central bank officials found themselves at odds during their June policy gathering regarding the appropriate path forward for interest rates. Documents released on Wednesday revealed th

The post British Pound: Flexible BoE stance supports against US Dollar – BNY appeared on BitcoinEthereumNews.com. BNY Mellon’s Geoff Yu notes that reduced Bank of England (BoE) tightening expectations are not undermining the British Pound (GBP). He argues that BoE flexibility around its mandate and reluctance to overreact to supply shocks is not hurting GBP, with consistent domestic Gilt demand and positive real rates offset by international concerns about United Kingdom (UK) growth and politics. Rate repricing leaves Pound resilient “In the U.K. and GBP’s case, whether rates are the dominant driver is questionable, given the volume of political noise still weighing on the economy. Bank of England (BOE) Governor Andrew Bailey has credited market rate moves with “doing the tightening for the BOE” and appears clearly skeptical of using further hikes to address a supply shock.” “Compared with the ECB, we believe the BOE’s flexibility around its price stability mandate is a deliberate choi