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 Silver Price Forecast: Rebounds towards $60, but lower-low structure holds appeared on BitcoinEthereumNews.com.
Silver price surged by over 2.70% on Thursday, climbing near $60.00 as US Treasury yields retreated and the US Dollar dove by over 0.12%. At the time of writing, the XAG/USD trades at $59.94, after bouncing off daily lows of $57.59. XAG/USD Price Forecast: Technical outlook The downtrend remains intact, with the structure of lower highs and lower lows intact, even though the white metal has bounced off weekly lows below $58.00. In the short term, momentum favours buyers, as indicated by the Relative Strength Index (RSI), but it remains below the 50-neutral level, suggesting a potential resumption of the downtrend. If XAG/USD decisively clears the $60.00 figure, a move towards the July 6 swing high is on the cards. Once breached, buyers could challenge a downslope resistance trendline at around $64.70, before launching a strong attack on the confluence of the 50- and
The post Chinese Yuan: Fixing guidance fades, path less anchored – OCBC appeared on BitcoinEthereumNews.com.
OCBC’s Christopher Wong observes that Renminbi (RMB) appreciation guidance is waning, with CNH-CNY fixing gaps narrowing and daily adjustments moderating. Policymakers appear to be shifting toward RMB stability rather than further appreciation. As a result, USD/CNH may become more driven by the broader Dollar, yield differentials and China growth sentiment, leaving downside less anchored. Stability focus shifts USD/CNH drivers “The RMB appreciation impulse appears to show tentative signs of losing some official reinforcement. The CNH-CNY fixing gap has narrowed, while the pace of daily fixing adjustment has moderated.” “Recent fixes have also been less RMB-supportive versus market expectations (Bloomberg proxy), suggesting that the policymakers may be shifting back toward RMB stability management rather than guiding for further appreciation.” “If fixing guidance continues to fad
The post Australian Dollar firms as US Dollar softens appeared on BitcoinEthereumNews.com.
AUD/USD trades higher near the 0.6940 area on Thursday, as the Australian Dollar (AUD) benefits from a softer US Dollar (USD), even after stronger-than-expected United States (US) jobless claims data showed that the labor market remains stable. US Initial Jobless Claims fell to 215K, below expectations of 218K and the previous 217K, suggesting that layoffs remain limited. However, the Greenback failed to gain strong traction as the broader US Dollar Index (DXY) slipped for a second straight session, while markets continued to assess geopolitical risks and the Federal Reserve’s (Fed) policy outlook. China also remains a key driver for the Aussie, given Australia’s strong trade exposure. China’s Producer Price Index (CPI) report, released late Wednesday, showed a 4.1% YoY rise in June, the fastest pace in four years, while China’s Consumer Price Index (CPI) slowed to 1% YoY, highlighting stronger f
The post Mexican Peso gains as risk appetite improves, weighs on USD appeared on BitcoinEthereumNews.com.
The Mexican Peso (MXN) registers solid gains of over 0.22% against the US Dollar (USD) on Thursday as risk appetite improves after two days of hostilities between the US and Iran ended, despite US President Donald Trump’s warning that the deal might be “over.” The USD/MXN pair trades at 17.54 after reaching a daily high of 17.57. USD/MXN slips due to US Dollar weakness The emerging market currency is underpinned by broad US Dollar weakness. Data in Mexico showed that the Consumer Price Index (CPI) in June fell to its lowest level since December 2020, tumbling for the third straight month, down from 3.94% to 3.37% YoY, below estimates of 3.52%. Core inflation on an annual basis has risen to 4.03% YoY, slightly above Banxico’s 3% plus or minus 1% goal. The data eases pressure on the Bank of Mexico (Banxico), which last month decided to hold rates unchanged at 6.50%, while signaling t
The post Pound Sterling Price News & Forecast: GBP/USD trades slightly higher as the US Dollar fails to gain strong traction appeared on BitcoinEthereumNews.com.
British Pound: Recovery tests key resistance against US Dollar – Scotiabank Scotiabank strategists Shaun Osborne and Eric Theoret report the British Pound (GBP) is fractionally higher versus the US Dollar (USD), with sentiment improving after PM Starmer’s resignation announcement. They see support from a repriced Bank of England (BoE) rate path following the latest Oil rally and describe GBP/USD’s recovery as increasingly entrenched as it attempts to break above 1.3400 and trades within a 1.3350–1.3450 range. “The pound is up fractionally vs. the USD and is a mid-performer among the G10 currencies as we head into Thursday’s NA session with focus still largely centered on broader developments in the absence of high-level domestic releases.” Read more… British Pound elevates despite firm US claims GBP/USD trades higher near the
The post Gold rebounds above $4,100 as falling Oil weighs on US Dollar appeared on BitcoinEthereumNews.com.
Gold (XAU/USD) price advances during the North American session on Thursday, up over 1.30% as the US Dollar (USD) retreats due to falling Oil prices amid easing tensions in the Middle East. The XAU/USD pair trades at $4,132 after bouncing off weekly lows of around $4,021 hit on Wednesday. XAU/USD rises as Middle East tensions ease, pressuring Dollar The US-Iran conflict grabbed the headlines during the last two days as both parties exchanged attacks, threatening to derail negotiations that had been scheduled to begin in Pakistan on Saturday before the last escalation. Oil prices jumped, with West Texas Intermediate (WTI), the US Oil benchmark, reclaiming the $ 75.00-per-barrel barrier, but retreated on Thursday. The jump in energy prices grew speculation that the Federal Reserve (Fed) could raise borrowing costs to tame already high inflation near 4.2% as reported in May. Now eye
The post British Pound: Recovery tests key resistance against US Dollar – Scotiabank appeared on BitcoinEthereumNews.com.
Scotiabank strategists Shaun Osborne and Eric Theoret report the British Pound (GBP) is fractionally higher versus the US Dollar (USD), with sentiment improving after PM Starmer’s resignation announcement. They see support from a repriced Bank of England (BoE) rate path following the latest Oil rally and describe GBP/USD’s recovery as increasingly entrenched as it attempts to break above 1.3400 and trades within a 1.3350–1.3450 range. Pound sentiment improves on policy repricing “The pound is up fractionally vs. the USD and is a mid-performer among the G10 currencies as we head into Thursday’s NA session with focus still largely centered on broader developments in the absence of high-level domestic releases.” “The recent recovery in sentiment remains important, signaling market confidence in the aftermath of PM Starmer’s June 22 resignation announcement.” “Fundament
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
