The post New Zealand Dollar weakens amid firm US Dollar, RBNZ eyed appeared on BitcoinEthereumNews.com.
NZD/USD trades around 0.5685 at the time of writing on Tuesday, down 0.26% on the day. The pair remains under pressure as the US Dollar (USD) attracts renewed demand following fresh geopolitical tensions in the Middle East, while investors await the Reserve Bank of New Zealand’s (RBNZ) monetary policy decision. According to Bloomberg, citing a US official, Iran fired at least two missiles at commercial vessels transiting the Strait of Hormuz late Monday. Two ships sustained significant damage without any reported casualties, while the UK Maritime Trade Operations also confirmed that a tanker was struck by an unidentified projectile. The escalation in tensions has supported safe-haven flows and strengthened the US Dollar. Meanwhile, expectations for Federal Reserve (Fed) monetary policy continue to evolve following the recent slowdown in the US labor market. Investors now expect the F
The post Japanese Yen stays subdued below 161.90 as Fed caution limits Dollar weakness appeared on BitcoinEthereumNews.com.
USD/JPY trades slightly negative below the 161.90 area as the Japanese Yen (JPY) finds modest support, while the US Dollar (USD) remains underpinned by cautious remarks from New York Fed President John Williams and lingering inflation concerns. The latest United States (US) labor data showed that the ADP Employment Change 4-week average eased to 21K from 24.25K, pointing to a softer pace of private hiring. The figure suggests that labor market momentum is cooling, which could normally weigh on the Greenback. However, the USD avoided a deeper pullback as investors continued to price in a Federal Reserve (Fed) focused on supressing inflation. Williams said the US economy continues to expand at a steady, trend-like pace, while the labor market remains stable. However, he warned that inflation is still elevated, reinforcing the need for the Fed to keep policy restrict
The post Pound Sterling Price News and Forecast: GBP/USD slips as Hormuz attacks revive USD demand appeared on BitcoinEthereumNews.com.
British Pound slips as Hormuz attacks revive USD demand The Pound Sterling (GBP) retreats against the US Dollar (USD) on Tuesday as tensions in the Middle East rise, following reports of attacks on two ships in the Strait of Hormuz. The GBP/USD pair trades at 1.3373, down 0.11%. Read More… British Pound gains as easing Fed hike bets weigh on US Dollar GBP/USD continues its winning streak for the ninth consecutive day, trading around 1.3390 during the Asian hours on Tuesday. The currency pair rises as the US Dollar (USD) faces headwinds as market participants scale back expectations for Federal Reserve (Fed) rate hikes this month and in September. This shift in sentiment followed a cooling employment report that revealed fewer jobs added across April, May, and June than Wall Street had anticipated. Read More… Pound Sterling rallies into its own coronati
The post Gold Price Outlook For July 2026 appeared on BitcoinEthereumNews.com.
Gold trades near $4,140 on Tuesday, down 26% from January’s record high of $5,598 per ounce. This gold price prediction for July 2026 examines why the metal keeps falling and where it could bottom. Five fundamental forces continue to weigh on the metal. Meanwhile, the weekly and daily charts point to deeper downside targets. Why is Gold Going Down? Gold’s decline started with the Strait of Hormuz. Iran has blocked the waterway since late February, driving up energy prices worldwide. As a result, US inflation reached 4.2% in June, its highest level in three years. That inflation spike flipped the Federal Reserve narrative. Markets no longer expect rate cuts and now lean the other way. According to CME FedWatch data, traders are pricing a 47.1% chance of a 25-basis-point hike in September. Another 11.1% expect a 50-basis-point move, so tightening odds total roughly 58%. Higher rates hurt gold because the metal
The post USD/CAD Price Forecast: Buyers retain the upper hand even as momentum weakens appeared on BitcoinEthereumNews.com.
USD/CAD edges lower on Tuesday even as the US Dollar (USD) holds firm, with the Canadian Dollar (CAD) drawing support from a modest rebound in crude Oil prices following renewed attacks on commercial vessels near the Strait of Hormuz. At the time of writing, the pair is trading around 1.4188. West Texas Intermediate (WTI) crude Oil is trading around $70.30, up nearly 2.50% on the day. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is treading water near 101.00. However, diverging monetary policy expectations between the Federal Reserve (Fed) and the Bank of Canada (BoC) could limit further gains in the Canadian Dollar (CAD). Markets continue to expect the Fed to raise interest rates later this year to bring inflation back to its 2% target, even as softer-than-expected US labor market data have red
The revocation may escalate U.S.-Iran tensions, potentially disrupting oil supply and impacting global markets due to the Strait's significance.
The post US revokes Iran oil waivers after attacks in Strait of Hormuz appeared first on Crypto Briefing.
Khamenei's death may catalyze political shifts in Iran, affecting regional dynamics and increasing geopolitical tensions in the Middle East.
The post Iraqi mourners welcome Ayatollah Khamenei’s body amid regional tensions appeared first on Crypto Briefing.
The revocation may exacerbate geopolitical tensions, potentially disrupting global oil markets and driving up prices amid supply concerns.
The post US revokes Iran’s oil export license amid Strait of Hormuz tensions appeared first on Crypto Briefing.
The waiver revocation may heighten U.S.-Iran tensions, complicating diplomatic efforts and reducing market confidence in a nuclear deal.
The post US Treasury revokes Iran waiver, impacting nuclear deal talks appeared first on Crypto Briefing.
