The post US Dollar: FOMC minutes to highlight hawkish debate – TD Securities appeared on BitcoinEthereumNews.com.
TD Securities strategists preview the June Federal Open Market Committee (FOMC) Minutes, expecting more insight into the policy debate than provided by Chair Warsh’s press conference. They highlight internal disagreement over whether policy is sufficiently restrictive as inflation risks rise, with many officials seeing scope for both hikes and a pause, and most potentially favoring renewed tightening if inflation continues to surprise higher. Minutes to reveal policy divisions “The June FOMC minutes may reveal more about the policy debate than Chair Warsh did at his press conference.” “The apparent “family fight” likely focused on whether policy was restrictive enough given rising inflation risks.” “While “many” participants likely saw a case for both hikes and holding steady this year, the Committee’s recent hawkish tilt suggests “most” could have favored renewed tightenin
The post Swiss Franc holds losses as fresh US-Iran tensions support the US Dollar appeared on BitcoinEthereumNews.com.
The Swiss Franc (CHF) nurses minor losses against the US Dollar (USD) on Wednesday but is depreciating nearly 0.7% so far this week. The USD/CHF pair has steadied at the upper range of the 0.8000s, buoyed by investors’ concern about the resumption of hostilities in Iran and markets’ cautiousness ahead of the release of the minutes of the latest Federal Reserve (Fed) monetary policy meeting. US President Donald Trump rattled markets earlier on the day, affirming at the NATO summit in Turkey that the ceasefire between the US and Iran is over and that he does not want to deal with Tehran any more, as “they’re scum”. These comments follow a series of reciprocal attacks earlier on the day and the US revocation of Iran’s authorisation to export crude. The market reaction has been moderate so far, but has provided some support to the Greenback to pick up against most peers, y
The post British Pound slumps against US Dollar as risky assets turn fragile appeared on BitcoinEthereumNews.com.
The British Pound (GBP) is down 0.13% to near 1.3340 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair faces selling pressure as renewed geopolitical risks have diminished the appeal of riskier assets. At press time, S&P 500 futures are down almost 1% to near 7,430, demonstrating a risk-off market mood. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally higher to near 101.15 after recovering early losses. Risks of the restart of the Middle East war have forced investors to shift to the safe-haven fleet. In the European trade, United States (US) President Donald Trump said that the “memorandum of understanding (MoU) with Iran is over”, adding that he doesn’t want to deal with them. This came as Tehran continues to prove its authority over the Strait of Hormuz, a critical c
The post Polish Zloty: Dovish NBP stance weighs on PLN – ING appeared on BitcoinEthereumNews.com.
ING’s Frantisek Taborsky expects the National Bank of Poland (NBP) to keep rates at 3.75% through year-end, with easing delayed until policymakers gain confidence on inflation. He highlights a narrowing rate differential, stronger Dollar and recent EUR/PLN gains toward 4.29–4.30, arguing that potential rate-cut signals could create further upside for EUR/PLN as the debate intensifies after summer. Rate cut debate and zloty pressure “The National Bank of Poland will likely leave rates unchanged at 3.75% today, which is our baseline until the end of the year. More interesting today will be the new NBP forecast and statement and tomorrow’s press conference. The easing cycle in Poland was interrupted by turmoil in the Persian Gulf, but policymakers will require greater confidence in a favourable inflation outlook before resuming monetary easing.” “So far, the decline in inflation has largely b
The post US Dollar Index: Conflict-driven support and rate backdrop – BBH appeared on BitcoinEthereumNews.com.
Brown Brothers Harriman’s (BBH) Elias Haddad notes that renewed Middle East tensions are pressuring stocks and bonds while supporting the US Dollar (USD) and Oil. Haddad sees the Dollar Index (DXY) edging higher, with US-G6 two-year yield spreads consistent with DXY slightly above 102.00 and US economic outperformance keeping rate differentials supportive for the Dollar ahead of the FOMC minutes. DXY supported by yields and risk “Re-escalation of the Middle East conflict is weighing on stocks and bonds. Crude oil prices surged and USD inched higher. “ “The US completed yesterday a new round of offensive strikes against Iran and revoked a waiver that allowed the sale of Iranian oil in response to Iran’s attacks on commercial vessels transiting the Strait of Hormuz.” “In our view, the dollar index (DXY) can edge higher. US-G6 two-year bond yields are consistent with DXY trading
Warsh's opaque Fed approach may increase market volatility, as traders navigate uncertainty without clear forward guidance.
The post Federal Reserve to release minutes from Kevin Warsh’s first FOMC meeting at 2 p.m. today appeared first on Crypto Briefing.
The post New Zealand Dollar gives away gains amid renewed tensions in the Middle East appeared on BitcoinEthereumNews.com.
The New Zealand Dollar’s (NZD) rally against the US Dollar (USD) has been short-lived, as the pair returned to sub-0.5700 levels during the European session after being rejected at the 0.5725 area earlier in the day. Market concerns about the status of the US-Iran ceasefire have hammered risk appetite, offsetting the positive Kiwi’s reaction to the Reserve Bank of New Zealand’s (RBNZ) hawkish hike. US President Donald Trump affirmed earlier on Wednesday that the ceasefire is no longer in effect, and that, in his opinion, the memorandum of understanding “is over,” although he added that negotiators can “keep talking if they want.” These remarks come after the rival countries exchanged attacks earlier on the day and the US revoked Iran’s authorization to export Crude. The resumption of the hostilities has boosted US Treasury yields, sending the safe-haven US Dollar h
The post Gold declines as Trump ends Iran deal, markets eye Fed minutes appeared on BitcoinEthereumNews.com.
Gold (XAU/USD) trades around $4,050 on Wednesday, down 1.40% on the day at the time of writing, as investors favor the US Dollar (USD) following a fresh deterioration in tensions between the United States (US) and Iran. The precious metal remains under pressure despite the increasingly fragile geopolitical backdrop, as markets expect that persistently higher energy prices could keep US monetary policy restrictive. Market sentiment deteriorated after US President Donald Trump said that the memorandum of understanding aimed at ending the conflict with Iran was now “over.” Trump also stated that he no longer wanted to deal with Iran, while announcing trade measures against Spain and renewing his criticism of the North Atlantic Treaty Organization (NATO). These remarks supported the US Dollar, while Oil prices advanced amid rising concerns over global supply disruptions. Tensions es
The post EUR/USD Price Forecast: Euro hesitates above 1.1400 as geopolitical risks mount appeared on BitcoinEthereumNews.com.
The Euro (EUR) shows marginal losses against the US Dollar (USD) on Wednesday and has returned to levels just above 1.1400 during the European trading session after rejection at 1.1430. A new round of hostilities in Iran and investors’ cautiousness ahead of the release of the minutes of the latest Federal Reserve (Fed) meeting are keeping Euro bulls in check. US President Donald Trump affirmed earlier on Wednesday that the ceasefire is over and that, in his view, the memorandum of understanding is no longer in effect. These comments follow a fresh bout of reciprocal attacks between the US and Iran, and the revocation of the US authorisation to sell Iranian Oil. The market reaction has been tame so far, as investors continue to view these events as manoeuvres to gain leverage in the negotiation process. Beyond that, investors remain wary of placing large directio
