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 What is keeping the Japanese Yen close to 40-year lows as extreme positioning meets intervention threats? appeared on BitcoinEthereumNews.com.
The Japanese Yen (JPY) remains locked in a high-stakes standoff against the US Dollar, testing the ultimate limits of Tokyo’s tolerance for its local currency to depreciate. While a combination of a dovish Bank of Japan (BoJ), loose domestic fiscal policy, and structural vulnerabilities as a net energy importer continue to weigh down the asset, speculative short positioning has reached heavily stretched extremes. Market observers warn that while the immediate technical path points to further gradual upside for the USD/JPY pair, the threat of unannounced government intervention looms large, setting the stage for a potentially violent and sudden trend reversal. USD/JPY daily chart. Source: FXStreet. Structural pressures and extreme positioning heighten intervention threats FX strategists at ABN AMRO note the market is aggressively probin
The strike on Iran's railway bridge could escalate geopolitical tensions, impacting global trade routes and causing market volatility.
The post US strike hits Iranian railway bridge on major China-Russia trade corridor, rattling risk assets appeared first on Crypto Briefing.
The ongoing conflict highlights the potential for cryptocurrencies to serve as alternative safe-haven assets, influencing global financial dynamics.
The post Executives express cautious optimism as Iran war continues, Bitcoin sends mixed signals appeared first on Crypto Briefing.
US-Iran tensions persist, but crypto markets remain stable; potential oil supply disruptions could impact global inflation and risk assets.
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Geopolitical tensions heighten market volatility, prompting a shift to safer assets and challenging crypto's resilience amid economic uncertainty.
The post US launches new strikes against Iran as ceasefire collapses, Bitcoin slides to $61K appeared first on Crypto Briefing.
The post Japanese Yen gains against US Dollar despite renewed geopolitical risks appeared on BitcoinEthereumNews.com.
The Japanese Yen (JPY) trades higher against the US Dollar (USD) despite renewed geopolitical risks. The USD/JPY pair is down 0.17% to near 162.35 as the US Dollar faces selling pressure even as the exchange of attacks between the United States (US) and Iran has de-anchored United States (US) inflation expectations again. 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 -0.15% -0.23% -0.16% 0.07% -0.15% -0.69% -0.29% EUR 0.15% -0.07% -0.04% 0.22% 0.03% -0.51% -0.13% GBP 0.23% 0.07% 0.04% 0.29% 0.10% -0.43% -0.05% JPY 0.16% 0.04% -0.04% 0.22% 0.05% -0.52% -0.12% CAD -0.07% -0.22% -0.29% -0.22% -0.19% -0.73% -0.34% AUD 0.15% -0.03% -0.10% -0.05% 0.19% -0.54% -0.15% NZD 0.69% 0.51% 0.43% 0.52% 0.73% 0.54% 0
The post Euro: Early gains against US Dollar at risk on Fed story – ING appeared on BitcoinEthereumNews.com.
Chris Turner at ING highlights that EUR/USD has held up despite higher Oil, as Euro swap rates outperformed US rates on expectations of an ECB hike in September. However, he argues the Fed narrative will dominate, with EUR/USD likely to surrender gains and fall below 1.14. ECB minutes and energy prices should keep September hike expectations alive. Resilience questioned as Fed dominates “On the eurozone calendar today is the release of the ECB minutes for the 11 June meeting. We assume this will be pitched as hawkish and, combined with higher energy prices, keep expectations alive for a follow-up hike at the September meeting. That is currently priced at +22bp by money markets.” “EUR/USD has held up remarkably well given the jump in oil prices yesterday. Yield spreads did narrow in favour of the euro, where euro swap rates rose around 7-8bp more than short-dated US rates on the
The post EUR/USD Price Forecast: Euro wavers around 1.1430 with the bearish trend intact appeared on BitcoinEthereumNews.com.
The Euro (EUR) posts moderate gains against the US Dollar (USD) on Thursday, hitting session highs near 1.1440, yet trapped within the weekly range, with the broader bearish trend in play. A softer US Dollar is providing some support to the Euro, but rising geopolitical tensions and the rebound in Oil prices keep weighing on the common currency. Data from Germany released earlier on Thursday revealed that the Trade Balance surplus increased beyond expectations in May, totalling EUR 19.1 billion, from the 14.5 billion surplus seen in April, with exports growing and imports contracting against expectations. The Euro received a minor boost after the data release. The US Dollar, on the other hand, is losing ground, with markets still hopeful that Washington and Tehran will return to the negotiating table, despite the escalating tensions. News that Qatar is pressing
