The post Australian Dollar firms as hawkish RBA, Iran talks cap USD gains appeared on BitcoinEthereumNews.com.
AUD/USD trades around 0.6950 on Friday at the time of writing, up 0.10% on the day after reaching a more than two-week high earlier in the day. The pair gives back part of its gains as investors remain caught between a weaker US Dollar (USD) and lingering factors supporting the Greenback. The Australian Dollar (AUD) benefits from the weakness of the US Dollar, driven by expectations of easing tensions in the Middle East. US President Donald Trump said that Iran had reached out to seek an agreement with Washington, while a White House official confirmed that technical talks on Iran’s nuclear program and the Strait of Hormuz are continuing. However, geopolitical concerns remain elevated following recent US strikes against Iranian targets and Tehran’s retaliatory attacks on American interests across the region. At the same time, markets continue to price in at least one interest
The post British Pound surrenders early gains as US Dollar regains ground appeared on BitcoinEthereumNews.com.
The British Pound (GBP) gives back its early gains and turns almost flat around 1.3410 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair falls back as the US Dollar regains ground amid fears that the restart of the war between the United States (US) and Iran would last long. 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 Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.02% -0.03% -0.44% -0.00% -0.04% -0.21% -0.06% EUR 0.02% -0.01% -0.41% 0.02% -0.03% -0.19% -0.04% GBP 0.03% 0.01% -0.39% 0.03% -0.02% -0.17% -0.04% JPY 0.44% 0.41% 0.39% 0.44% 0.40% 0.21% 0.36% CAD 0.00% -0.02% -0.03% -0.44% -0.04% -0.21% -0.07% AUD 0.04% 0.03% 0.02% -0.40% 0.04% -0.17% -0.06% NZD 0.21% 0.19% 0.17% -0.21% 0.21% 0.17% 0.13% CHF 0.06% 0.04%
The post USD/JPY Price Forecast: Dollar finds resistance at the 161.75 previous support appeared on BitcoinEthereumNews.com.
The US Dollar (USD) holds losses below 161.75 against the Japanese Yen (JPY) on Friday following a 100-pip reversal earlier on the day. Japanese Finance Minister Satsuki Katayama announced a plan to boost pension funds’ investment in domestic assets, which sent the Yen surging across the board during the Asian trading session. Katayama said on Friday that the government wants the giant Japanese pension funds, which manage more than USD 1.8 trillion in assets, to redirect their investment into the domestic market. The market has seen this plan as more effective than interventions to support the Yen, and the immediate reaction was a strong JPY recovery. The US Dollar, on the other hand, remains moderately soft, amid rumours that Qatar and Pakistan are working to bring US and Iran back to the negotiating table. Beyond that, the release of the minutes of June’s Feder
The post Pound Sterling Price News and Forecast: GBP gains ground to near 1.3430 early European session appeared on BitcoinEthereumNews.com.
The GBP/USD pair trades in positive territory around 1.3430 during the early European trading hours on Friday. The UK government leadership transition and growing expectations of further Bank of England (BoE) interest rate hikes underpin the British Pound (GBP) against the US Dollar (USD). Andy Burnham’s path to becoming the next UK prime minister looks certain after a vast majority of Labour MPs formally nominated him to be the next party leader. Bloomberg reported on Thursday that 322 of 403 Labour members of Parliament voted for Burnham at the end of the first day of the party’s leadership contest to replace Keir Starmer. Burnham is expected to formally become Prime Minister on July 20. Read more… British Pound gains traction above 1.3400 as markets bet on BoE rate hikes The GBP/USD pair gathers strength to around 1.3430 during the Asian tradin
The post Australian Dollar holds mid-0.6900s as weak USD meets Iran risks appeared on BitcoinEthereumNews.com.
The AUD/USD pair attracts buyers for the second straight day and climbs to a two-and-a-half-week top, around the 0.6970 area, during the Asian session on Friday. Spot prices, however, retreat a few pips in the last hour and currently trade around mid-0.6900s, still up 0.10% for the day. Against the backdrop of Wednesday’s less hawkish FOMC Minutes, hopes for diplomacy to ease tensions in the Middle East drag the safe-haven US Dollar (USD) to an over one-week low and act as a tailwind for the AUD/USD pair. US President Donald Trump told reporters on Thursday that Iran had called to make a deal with the US. Furthermore, a White House official signaled that the US is still committed to the memorandum of understanding with Iran as technical talks over Tehran’s nuclear program and the Strait of Hormuz continue. However, the geopolitical risk premium remains in play amid renewed fig
The post Gold flatlines above $4,100 as soft USD meets Fed hike bets, Iran risk appeared on BitcoinEthereumNews.com.
Gold (XAU/USD) reverses a modest Asian session dip to the $4,109-$4,108 region on Friday, though it lacks bullish conviction. The US Dollar (USD) selling remains unabated for the third consecutive day in the wake of Wednesday’s less hawkish FOMC Minutes and offers some support to the commodity. However, prospects of a US Federal Reserve (Fed) rate hike in 2026 remain active. This, along with geopolitical uncertainties, could limit USD losses, warranting some caution before positioning for an extension of the recovery from a one-week low set on Wednesday. The minutes from the June 16–17 FOMC meeting, released on Wednesday, revealed that policymakers were divided over the direction of interest rates. The minutes further stated that many participants indicated the appropriate level of the federal funds rate would be within or slightly below the current target range at the e
The post XRP price jumps 2% on bitcoin strength as buyers push through $1.10 resistance appeared on BitcoinEthereumNews.com.
• The main breakout came around 01:00 UTC, when volume jumped to 43.51 million XRP, about 88% above the 24-hour average. • The move carried XRP to an intraday high of $1.1065 before price stabilized near $1.1020-$1.1040. • A later 60-minute spike reached 14.17 million in volume, pushing XRP from $1.0958 to $1.1052 before profit-taking slowed the move. Technical Analysis • The key development is that XRP cleared the $1.0950-$1.1000 area after several sessions of range-bound trading. • The breakout was supported by volume, which gives the move more weight than the earlier low-volume attempts above resistance. • Higher lows through the session show buyers are stepping in earlier, with $1.0880 acting as the main support level during pullbacks. • The post-breakout hold near $1.1020-$1.1040 is constructive because XRP did not immediately lose the $1.10 area after the s
Bitcoin's correlation with USD/JPY highlights the need for crypto investors to consider forex dynamics, impacting diversification strategies.
The post Bitcoin remains strong in USD but lags in JPY amid Bank of Japan intervention fears appeared first on Crypto Briefing.
The post Australian Dollar edges higher to near 0.6950 on RBA hawkish rhetoric appeared on BitcoinEthereumNews.com.
The AUD/USD pair attracts some buyers to near 0.6950 during the Asian trading hours on Friday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) on hawkish rhetoric from the Reserve Bank of Australia (RBA). RBA Assistant Governor Sarah Hunter said on Wednesday that the board will act as needed to return inflation to its target, warning some tightening may be required if the oil shock lifts inflation expectations, per Reuters. The Australian central bank has implemented three interest rate increases of 25 basis points (bps) so far this year, lifting the Official Cash Rate (OCR) to 4.35%. Current ASX 30-day Interbank Cash Rate Futures indicated a minor 19% market expectation of a rate hike to 4.60% at the upcoming August meeting. According to Federal Reserve (Fed) Minutes from June 16 to 17 meeting, the first under new Fed Chairman Kevin Warsh, showed man
