British Pound elevates despite firm US claims

The post Taiwan Dollar: Policy-driven flows temper losses against US Dollar – OCBC appeared on BitcoinEthereumNews.com. OCBC’s Christopher Wong reports that recent Taiwan Dollar (TWD) weakness is moderating, partly due to Central Bank of the Republic of China (CBC) guidance that banks execute large USD sell orders immediately, bringing forward natural supply. However, foreign equity selling and dividend-related USD demand still restrain recovery, with USD/TWD two-way moves likely. Upside momentum pauses as USD supply emerges “Recent weakness in TWD shows tentative signs of moderation. Part of the moderation may reflect the earlier CBC guidance for banks to execute large USD sell orders on the day received, rather than delaying or staggering them.” “This could have helped bring forward natural USD supply and temper the pace of TWD weakness.” “Still, the broader flow backdrop has not turned decisively positive, with foreign equity selling (week-to-date USD4.3bn) and dividend/remittance-r

The post Forex Today: Geopolitics and Canadian jobs steal the show appeared on BitcoinEthereumNews.com. The US Dollar (USD) navigated a narrow range on Thursday, building on the previous day’s losses and briefly reaching multi-day lows. In the meantime, geopolitical tensions continued to make the rounds, while investors seemed to have largely ignored the cautious tone in the FOMC Minutes on Wednesday. Here is what you need to know on Friday, July 10: The US Dollar Index (DXY) had kept the bearish tone for the second straight day on Thursday, although it managed to bounce off earlier lows and dispute the 101.00 region afterward. Next on tap on the USD docket will be the release of the always-relevant inflation figures tracked by the Consumer Price Index (CPI) on July 14. EUR/USD has clinched its second consecutive daily advance on Thursday, although gains appear to have met a tough nut to crack around 1.1450. Final inflation data in Germany are due alongside the speech by the ECB’s Vujc

The post Chinese Yuan: Forecast band tightened as stability holds against US Dollar – ING appeared on BitcoinEthereumNews.com. ING’s Chief Economist Lynn Song notes that the CNY has been one of the strongest performers in 2026, even against a firm Dollar backdrop. Song tightens its USD/CNY forecast band to 6.67–6.92 for the rest of the year, citing PBoC-driven currency stability, strong Chinese exports, a robust current account surplus and expectations of a narrowing US-China yield spread. CNY resilience and revised band “The CNY has been one of the top performers so far in 2026. With upside risks increasingly reflected in current valuations, we are narrowing and modestly lowering our forecast range to 6.67–6.92 for the remainder of the year.” “Will the CNY outperformance repeat in the second half? This is probably a more dollar-centric rather than CNY-centric question. The dollar-weakening trend would likely result in the CNY underperforming other currencies.” “With the PBOC holding f

The post Euro: Support from ECB repricing and yields – Scotiabank appeared on BitcoinEthereumNews.com. Scotiabank strategists Shaun Osborne and Eric Theoret notes the Euro (EUR) is slightly higher versus the US Dollar (USD), supported by a repricing of the European Central Bank (ECB) outlook toward renewed hawkishness and recovering yield spreads. They highlight markets now price about 35 bps of tightening by December, lifting fair value estimates for EUR/USD toward the mid to upper 1.14s despite only modest recent gains. Euro aided by hawkish ECB repricing “The EUR is entering Thursday’s NA session with a fractional 0.1% gain vs. the USD as it performs in line with most of the G10 currencies in quiet overall trade.” “The outlook for relative central bank policy is offering the EUR support as market participants reprice the ECB outlook in light of renewed hawkishness and a resurgence in geopolitically-driven oil price gains.” “Markets are currently pricing in about 35bpts of tightening

The post Japanese Yen rises as US jobless claims fail to support US Dollar appeared on BitcoinEthereumNews.com. USD/JPY trades lower near the 162.30 area on Thursday, retreating from recent highs as the Japanese Yen (JPY) recovers some ground. The US Dollar (USD) fails to receive support from stronger-than-expected United States (US) labor market data. US Initial Jobless Claims fell to 215K, below expectations of 218K and the previous 217K, while the four-week average eased to 218.75K from 222.5K. The data suggests that layoffs remain limited, helping the Greenback avoid deeper losses. However, Continuing Jobless Claims rose slightly to 1.814 million from 1.806 million, showing that workers are taking longer to find new jobs. In Japan, attention turns to the June Producer Price Index (PPI) set to be released early on Friday. The monthly reading is expected to rise 0.3%, slowing from 0.9% previously, while the annual figure is expected to accelerate to 6.8% from 6.3%. Stronger producer

The post Silver Price Forecast: XAG/USD remains stuck in a bearish channel appeared on BitcoinEthereumNews.com. Silver (XAG/USD) snaps a three-day losing streak on Thursday as a mildly weaker US Dollar (USD) and a pullback in US Treasury yields lend support to the precious metal. At the time of writing, XAG/USD trades around $60.30, up 3.38% on the day. Despite the intraday rebound, XAG/USD maintains a bearish structure, with a series of lower highs and lower lows since mid-May. The metal also trades below its key moving averages and is about 50% below its record high near $121 set in January. The metal is struggling to stage a sustained recovery as macroeconomic headwinds cap the upside. Renewed hostilities in the Middle East have revived concerns over energy-driven inflation, reinforcing expectations that the Federal Reserve (Fed) may need to raise interest rates. Higher borrowing costs tend to weigh on non-yielding metals because they become less attractive relative to interest-bear

The post US Dollar: Tariff passthrough keeps inflation pressure alive – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu reports that the New York Fed’s latest Liberty Street Economics analysis warns many United States (US) firms still plan tariff-related price increases, implying persistent inflation pressures that matter for the US Dollar (USD) and Federal Reserve (Fed) policy. Nearly half of tariff-paying companies expect further hikes, with gradual pricing and fixed contracts extending adjustment and complicating disinflation. Tariffs extend U.S. inflation timeline “The New York Fed said in its July 8 Liberty Street Economics post that more tariff passthrough still lies ahead for many U.S. firms. Drawing on regional business surveys, the institution reported that nearly half of firms that pay tariffs directly are still planning further price increases, with some expecting to raise prices six months or more from now.” “It said roughly 47% of service firms and 44% of manufactu

The post Australian Dollar rises as US Dollar softens, tensions in focus appeared on BitcoinEthereumNews.com. AUD/USD trades around 0.6940 on Thursday at the time of writing, up 0.16% on the day, as the weaker US Dollar (USD) supports the pair despite persistent tensions in the Middle East. Investors continue to view the latest exchange of attacks between the United States (US) and Iran as an attempt by both sides to strengthen their negotiating positions ahead of a potential return to peace talks, limiting demand for safe-haven assets for now. The US Dollar remains under pressure on Thursday, with the US Dollar Index (DXY) down 0.11% near 100.95 at the time of press. The Greenback struggles to benefit from stronger-than-expected US economic data, as the US Department of Labor reported that Initial Jobless Claims fell to 215K in the week ending July 4, down from 217K previously, while Continuing Jobless Claims edged up slightly to 1.814M. The US Dollar also remains weighed down by the