Swiss Franc gives back some early gains against US Dollar, US CPI in focus

The post Malaysian Ringgit: Range-bound outlook holds against US Dollar – MUFG appeared on BitcoinEthereumNews.com. MUFG’s Lloyd Chan notes Bank Negara Malaysia (BNM) kept the Overnight Policy Rate (OPR) at 2.75% and expects it to stay on hold through 2026, with domestic fundamentals described as broadly supportive. Recent Malaysian Ringgit (MYR) weakness has stayed below 4.15 against the US Dollar (USD), and Chan expects USD/MYR to trade broadly within a 4.00–4.20 range near term, while maintaining a neutral stance on Malaysian government securities. Ringgit seen holding broad range “In Malaysia, BNM kept the Overnight Policy Rate unchanged at 2.75% and maintained a broadly neutral policy stance.” “We expect BNM to remain on hold through the rest of 2026, as current monetary settings continue to support growth while keeping inflation manageable.” “Domestic fundamentals remain broadly supportive, underpinned by a resilient labour market, healthy investment approvals, and contained infl

The post Chinese Yuan: Reflation gap weighs against US Dollar – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank analysts highlight that China’s June Consumer Price Index (CPI) slowed to 1.0% year-on-year while Producer Price Index (PPI) rose 4.1%, widening the PPI-CPI gap and squeezing downstream margins. The PBoC acknowledged “structural divergence” between high-tech strength and weak consumption. Despite this backdrop, USD/CNY and USD/CNH both fell, reflecting some currency strength even as domestic demand remains subdued. China reflation momentum softens “China’s reflationary recovery lost further traction in June, with CPI rising 1.0% yoy (Bloomberg consensus: 1.1%) vs 1.2% in both April and May. The reading marks the slowest CPI print in three months and reinforces concerns that domestic demand remains structurally weak even as the broader economy stabilises.” “Core CPI, which excludes food and energy, also came in at 1.0% yoy against an expected 1.1%, signalling that

The post United States Dollar Index little changed as traders weigh geopolitics and Fed outlook appeared on BitcoinEthereumNews.com. The US Dollar Index (DXY) trades within a volatile range on Friday as a sparse US economic calendar leaves traders watching developments in the Middle East after renewed hostilities between the United States (US) and Iran this week. Even so, the latest flare-up has provided only limited support, with the DXY set to finish the week virtually unchanged. At the time of writing, the index, which tracks the Greenback’s value against a basket of six major currencies, is trading around 100.85 after slipping to a one-week low of 100.60 earlier in the Asian session. On Friday, US President Donald Trump said in a Truth Social post that Iran had asked to continue talks and that the US had agreed, while reiterating that the ceasefire was “over.” The mix of diplomacy and ongoing tensions has kept traders cautious about a quick end to the war. Meanwhile, hawkish Federa

Stablecoins' rise as a major Treasury buyer could reshape global finance, impacting yields and regulatory landscapes, especially in emerging markets. The post US dollar demand rises as world shifts away from Treasuries, and stablecoins are filling the gap appeared first on Crypto Briefing.

The post Euro trades flat despite soft European inflation appeared on BitcoinEthereumNews.com. EUR/USD trades in a muted fashion near the 1.1430 area on Friday, as a weaker US Dollar (USD) helps the pair hold onto modest Thursday gains. That was true even after inflation data from Germany and France showed limited price pressure. Germany’s Consumer Price Index (CPI) fell 0.3% MoM in June, while the annual rate remained unchanged at 2.3%. The Harmonized Index of Consumer Prices (HICP) declined 0.2% MoM and rose 2.4% YoY. In France, the EU-harmonized CPI fell 0.3% on the month and increased 2.0% from a year earlier. The readings suggest that inflation in two of the Eurozone’s largest economies remains relatively contained. This could reduce the need for the European Central Bank (ECB) to maintain an aggressively restrictive policy stance, limiting the Euro’s upside. Meanwhile, geopolitical uncertainty remains in focus. United States (US) President Donald Trump said on Truth Social that I

The post Singapore Dollar: Range-bound trade outlook against US Dollar – UOB appeared on BitcoinEthereumNews.com. UOB’s Quek Ser Leang notes USD/SGD remains range-bound, with intraday action expected between 1.2905 and 1.2940 as recent price moves provided no fresh directional clues. Over the next one to three weeks, the bank sees mild downward pressure as having eased, projecting a broader 1.2890–1.2990 range. On a one to three month horizon, a break above 1.3000 could target 1.3095. Dollar seen consolidating in ranges “24-HOUR VIEW: We noted “a slight increase in upward momentum,” but we pointed out that “it is insufficient to indicate a continued rise in USD.” We indicated that USD “is more likely to trade in a higher range of 1.2920/1.2960.” However, USD traded in a quiet manner between 1.2914 and 1.2938. The price action provides no fresh clues, and USD is likely to trade between 1.2905 and 1.2940 today.” “1-3 WEEKS VIEW: Our update from yesterday (09 Jul, spot at 1.2940) remains

The post AUD/USD climbs as Chinese Yuan strength supports the Aussie appeared on BitcoinEthereumNews.com. AUD/USD advances toward the 0.6960 area on Friday, supported by a softer US Dollar (USD) and renewed strength in the Chinese Yuan (CNY). The pair continues to recover on the four-hour chart, although escalating tensions between the United States (US) and Iran are limiting broader risk appetite. US President Donald Trump said on Truth Social that Iran had requested further negotiations and that Washington had agreed to continue talks. However, Trump warned that the ceasefire was “over,” raising concerns that hostilities could intensify despite diplomatic channels remaining open. Meanwhile, the Chinese Yuan strengthened to a one-week high against the US Dollar, offering additional support to the Australian Dollar given Australia’s close trade ties with China. The move followed a stronger fixing from the People’s Bank of China (PBOC), which set the USD/CNY midpoint at 6.7989, below th

The post European Central Bank: One more hike base case as data soften – OCBC appeared on BitcoinEthereumNews.com. OCBC strategists Christopher Wong and Sim Moh Siong note that the European Central Bank’s (ECB) June minutes justified the latest rate hike while keeping flexibility on future moves. Since then, Oil prices have fallen sharply and June Consumer Price Index (CPI) surprised on the downside. Their base case remains for one final ECB rate hike in September, though President Lagarde’s comments in Sintra raise the risk that June was a one‑and‑done move. ECB weighs final hike versus pause “The ECB’s June meeting minutes reinforced the Governing Council’s view that the June rate hike was fully justified based on the information available at the time, while maintaining flexibility on future policy moves.” “Since the 11 June meeting, oil prices have fallen sharply and June CPI data surprised on the downside.” “Our base case remains for one final ECB rate hike in September, although E