Indian Rupee edges up against US Dollar, ignores rising oil prices

The post US Dollar: Exposure stays elevated – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu notes that cross-border investors’ Dollar holdings remain close to multi-year highs, driven by strong United States (US) asset exposure with fewer FX hedges. Federal Reserve (Fed) expectations and the Dollar’s yield advantage underpin this stance, while limited tightening by the European Central Bank (ECB) and policy easing in China reduce alternatives. Yu warns that unhedged flows still pose currency risk if US assets underperform. Cross-border holdings and Fed expectations “Fed expectations have not moved materially over the past week, but cross-border investors’ aggregate dollar holdings remain at their highest level since April 2025. That comparison needs caveating: the April episode was distorted by the extreme moves around the Liberation Day tariffs. Today’s dollar exposure is different.” “By late Q2, however, Fed expectations had become the dominant driver, with the dollar’s yie

The post USD/CAD Price Forecast: Weakens below 1.4200 as Oil gains, but technicals still favor upside appeared on BitcoinEthereumNews.com. The USD/CAD pair loses traction to near 1.4175 during the early European trading hours on Wednesday. Renewed US military strikes against Iran have boosted crude oil prices and provide some support to the commodity-linked Canadian Dollar (CAD) strengthens against the US Dollar (USD). Reuters reported on Wednesday that the Islamic Revolutionary Guard Corps (IRGC) said they attacked US military sites in Bahrain and Kuwait after the US launched a wave of strikes against Iran in response to attacks on tankers in the Strait of Hormuz. It is worth noting that Canada is a major oil-exporting country, and high crude oil prices generally have a positive impact on the Loonie. “For now, the market is keeping to the playbook that Tehran and Washington are still in a high-stakes game to gain leverage during the temporary truce, and that Tuesday’s incident would n

Iran's expanded target list heightens regional instability, potentially disrupting global shipping and escalating military tensions further. The post Iran expands target list amid ongoing 2026 conflict with US allies appeared first on Crypto Briefing.

The post British Pound: Momentum fades against US Dollar – UOB appeared on BitcoinEthereumNews.com. United Overseas Bank’s (UOB) Quek Ser Leang reports that GBP/USD failed to sustain its recent strong run, pulling back after testing resistance near 1.3410. Short-term price action now points to an extended correction with focus on 1.3330–1.3315 supports, while on a 1–3 week view a break below 1.3315 would signal that the Pound’s latest advance has ended. Correction eyes 1.3315 strong support “24-HOUR VIEW: After GBP rose more than we expected on Monday, we highlighted the following yesterday: “Strong momentum suggests further GBP strength toward 1.3410. A break above this major resistance is not ruled out, but based on the prevailing momentum, the next resistance at 1.3445 is likely out of reach. To sustain the momentum, GBP must hold above 1.3350, with minor support at 1.3370.” The subsequent price movements did not unfold as expected. GBP eked out a fresh high of 1.3401 before pulling

The ongoing military conflict heightens geopolitical tensions, impacting global markets and intensifying volatility in risk assets like crypto. The post US-Israel strikes hit military sites in Iran’s Bushehr province as crypto markets brace for impact appeared first on Crypto Briefing.

The post Oil: Gradual downside with security premium – OCBC appeared on BitcoinEthereumNews.com. OCBC Bank’s Sim Moh Siong and Christopher Wong highlight that Oil and tech-led equity weakness have driven a stronger US Dollar, higher global yields and softer Gold. They expect Oil prices to decline only gradually, maintaining Brent forecasts at USD75/bbl by end-2026 and USD71/bbl by mid-2027, as a persistent security premium and US-Iran tensions keep inflation and terms-of-trade risks elevated. Brent path shaped by security risks “Oil prices and tech-led equity weakness dominated overnight trading. Higher crude prices pushed global bond yields and the USD higher, while gold retreated. Oil rallied amid renewed concerns over US-Iran tensions after Washington revoked its waiver for Iranian oil sales following attacks on three vessels in the Strait of Hormuz.” “Our view remains that the next leg lower in oil prices will be more gradual than the sharp correction seen in 2Q26. We maintain our

The post USD/JPY Price Forecast: Dollar remains capped below 162.40 resistance area appeared on BitcoinEthereumNews.com. The US Dollar (USD) appreciates against the Japanese Yen (JPY) for the fourth consecutive day on Wednesday, fuelled by the resumption of hostilities in the Middle East and dovish comments from Bank of Japan (BoJ) officials. The Greenback, however, is struggling to break last week’s highs at 162.40 so far. A new round of US strikes on Iran, in retaliation for alleged attacks from Tehran on vessels closing Hormuz earlier this week, hurt risk appetite on Wednesday. and provided some support to the safe-haven US Dollar, The Yen, however, is suffering from weakness of its own, as BoJ monetary committee member Toichiro Asada, the dovish dissenter at June’s monetary policy meeting, said that he needs to see signs of demand-driven inflation before supporting interest rate hikes, Technical Analysis: 162.40 is the last barrier before 40-year highs USD/JPY trades at 162.26, mai

The procession may strengthen Iran-Iraq ties, affecting regional power dynamics and reducing the perceived likelihood of Iran's regime collapse. The post Khamenei funeral procession crosses into Iraq amid 2026 Iran war tensions appeared first on Crypto Briefing.