USD/CHF Price Forecast: US Dollar clings above 0.7830 with bearish pressure growing

The post Pound Sterling Price News and Forecast: GBP edges lower towards 1.3400 as BoE Bailey buys time appeared on BitcoinEthereumNews.com. British Pound edges lower towards 1.3400 as BoE Bailey buys time The British Pound (GBP) drifts lower against the US Dollar (USD) on Friday, reaching session lows at 1.3408 so far, on track for a moderate weekly decline. Bank of England Governor Andrew Bailey has practically discarded any interest rate hike in the near future, while US data adds pressure on the Federal Reserve (Fed) to tighten its monetary policy. Bailey affirmed at an economic meeting in Reykjavik that ”there is a case for tolerating temporarily above target inflation,” and added that economic activity and the labour market are weighing on second-round effects. The BoE chied also stated that, having taken expected cuts off the table, the bank has already tightened policy considerably in response to the shock relative to what had been expected by markets. Read more… GBP/USD Price

The post Forex Today: Yet to be confirmed US-Iran MOU caps US Dollar’s upside appeared on BitcoinEthereumNews.com. Here is what you need to know on Friday, May 29: The US Dollar (USD) weakened against its major rivals in the second half of the day on Thursday as markets turned optimistic about the United States (US) and Iran reaching a deal to extend the ceasefire and open the Strait of Hormuz. Early Friday, the USD Index holds steady at around 99.00 and US stock index futures trade marginally higher on the day. The economic calendar will feature preliminary May Consumer Price Index (CPI) data from Germany and first-quarter Gross Domestic Product (GDP) growth data from Canada. During the American trading hours, several Federal Reserve (Fed) policymakers will be delivering speeches as well. US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Japanese Yen. USD EUR GBP J

Dogecoin started a recovery wave above the $0.0980 zone against the US Dollar. DOGE is now facing hurdles near $0.1010 and might struggle to continue higher. DOGE price started a recovery wave from $0.0965 and climbed above $0.0990. The price is trading below the $0.10 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.1010 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it stays above $0.1010. Dogecoin Price Faces Resistance Dogecoin price started a recovery wave from the $0.0965 zone, like Bitcoin and Ethereum. DOGE climbed above the $0.0980 and $0.0988 resistance levels. There was a decent upward move above the 38.2% Fib retracement level of the downward move from the $0.1031 swing high to the $0.0964 low. However, the price struggled near $0.10. There is also a bearish trend line forming with resistance at $0.1010 on the hourly chart of the DOGE/USD pair. Dogecoin pri

The US dollar's complex history challenges the narrative of American monetary sovereignty and impacts future economic discussions. The post Brendan Greeley: The dollar exists in multiple forms, understanding monetary sovereignty is crucial for currency control, and the evolution of currency impacts economic discourse | Odd Lots appeared first on Crypto Briefing.

Google DeepMind CEO Demis Hassabis believes progress toward artificial general intelligence (AGI) is moving faster than expected and that society now has only a few years to prepare. He believes AGI could arrive around 2030, though acknowledges it could be here in 2029 — or even sooner. In an interview with Axios, Hassabis said that today’s AI agents — systems capable of performing tasks independently — should be viewed as a sort of “practice run” for significantly more powerful AI in the future. He also warned that governments, economists, and society at large are not taking this development seriously enough. One particular risk he highlighted is that AI systems in the future might begin to improve their own development. “All the leading labs are pretty focused on that,” Hassabis told Axios. “It will yield clear benefits in the form of faster research. But there are also risks associated with that type of system.”

The ceasefire extension could stabilize oil markets and ease geopolitical tensions, but uncertainty remains until formal approval is secured. The post Markets rally on Axios report of US-Iran ceasefire extension appeared first on Crypto Briefing.

The post Euro: Weak EU trade and sentiment weigh against US Dollar – BNY appeared on BitcoinEthereumNews.com. BNY’s Bob Savage reports that European Union (EU) exports, especially to the United States (US), have weakened sharply and sentiment indicators remain below long‑run averages, underscoring subdued Eurozone momentum. Savage notes that softer producer prices in France, mixed confidence in Italy and Sweden, and broad EUR/USD declines reflect persistent concerns over demand and inflation dynamics across the bloc. Soft data backdrop for Euro “EU external trade data for Q1 showed a marked weakening in exports, particularly to the U.S.” “The EU and euro area sentiment surveys for May showed economic confidence remaining weak despite modest stabilization.” “However, both measures remained well below their long-run averages of 100, signaling continued subdued economic momentum.” “These figures are still below pre-Middle East conflict levels and highlight persistent concerns among househ

The post Canadian Dollar: Rebalancing offers near-term relief – BNY appeared on BitcoinEthereumNews.com. Geoff Yu at BNY highlights that Canadian Dollar (CAD) dynamics differ from the U.S., with equity-based rebalancing pointing toward CAD support as growth and allocation trends move opposite to the US Dollar. Fixed income steepening and poor CAD performance are seen amplifying CAD buying signals, suggesting some relief for the Canadian Dollar into month-end. Canadian Dollar supported by flows “Mathematically, our figures suggest that the unwinding of USD/CAD hedges – the discontinuation of forward USD selling against CAD on U.S. positions – played a big role in the dollar’s performance and some reversion is needed.” “The only other equity-based rebalancing signal is in the CAD, where growth and asset allocation trends are pointing in the opposite direction.” “In contrast, CAD buying is being amplified by similar steepening in bond markets on top of poor currency performance.” “USD and