Swiss Franc: Low inflation keeps range intact versus US Dollar – BBH

ECB board member Isabel Schnabel warned that stablecoins could bring money-market risks into tokenized finance and reinforce US dollar dominance.

A senior European Central Bank official has warned that stablecoins carry the same fragilities that once destabilized money market funds, cautioning that their rapid rise could threaten financial stability and quietly entrench the US dollar at the euro’s expense. Related Reading: Which Cryptos Are Best Positioned To Follow The Same Trajectory As Hyperliquid (HYPE)? The […]

The post Euro wavers amid mixed Eurozone data, rising geopolitical tensions appeared on BitcoinEthereumNews.com. The Euro (EUR) holds marginal losses against the US Dollar (USD) on Monday, although the EUR/USD pair remains steady right below the top of the last two weeks’ range, at the 1.1660 area. Mixed Eurozone data and the rising tensions in the Middle East are weighing on risk appetite and acting as headwinds for the common currency. The US and Iran exchanged strikes earlier on Monday, adding strain to an already frail ceasefire, while Israel ramped up its operations in Lebanon, complicating the situation further. The US President Donald Trump is still due to sign a memorandum of understanding that would extend the ceasefire for 60 days. In Iran, the Parliament Speaker Mohammad Bagher Ghalibaf threatened retaliation in a post on X to “clear evidence of US noncompliance with the ceasefire.” In Europe, the HCOB Manufacturing Purchasing Managers’ Index (PMI) was revised up to 51.6 in

The post Czech Koruna: Polish CPI surprise complicates CNB path – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Tatha Ghose highlights that a downside surprise in Poland’s May flash Consumer Price Index (CPI) contrasts with earlier Czech inflation acceleration that had pointed to Czech National Bank (CNB) tightening on 18 June. Softer Polish food and energy prices may foreshadow similar moderation in Czech data. This interplay makes the upcoming CNB decision more finely balanced as regional inflation dynamics shift. Polish CPI twist for Czech policy “On Friday, we wrote about the clear acceleration of Czech CPI and PPI in April, which puts pressure on the Czech National Bank (CNB) to hike rates at their 18 June meeting.” “Since then, however, Poland’s flash CPI report for May landed as a clear downside surprise. This will cool off any lingering discussion about near-term tightening by the Polish central bank (NBP) at least.” “We can see that the broader trends have bee

The post Canadian Dollar: Recession and jobs data weigh against US Dollar – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman (BBH) strategist Elias Haddad highlights that the Canadian Dollar (CAD) underperformed as weaker Oil and an unexpected technical recession hit sentiment. With Q1 Gross Domestic Product (GDP) contracting and labor data showing rising slack, Haddad argues that current Bank of Canada (BoC) hike pricing looks too aggressive and sees scope for USD/CAD to overshoot toward resistance at 1.3930, the January high, as rate expectations adjust lower. Weak growth challenges BoC pricing “CAD underperformed most major currencies last week undermined by a decline in crude oil prices and Canada’s economy unexpected entry into technical recession.” “Canada real GDP fell at an annualized pace of -0.1% in Q1 (consensus and Bank of Canada projection: 1.5%) and the contraction in Q4 was revised 0.4ppt higher to -1.0%. The decline in Q1 GDP may be exaggerated by a surg

The post Eurozone Unemployment Rate registered at 6.3% above expectations (6.2%) in April appeared on BitcoinEthereumNews.com. GBP/USD  struggles to capitalize on its goodish recovery from a one-and-a-half-week low, touched last Thursday, and trades cautiously above mid-1.3400s at the start of a new week. The US Dollar regains some positive traction amid the uncertainty over a potential US-Iran peace deal and hawkish US Federal Reserve bets. This, in turn, is seen as a key factor acting as a headwind for the pair ahead of the US ISM PMI data.  Source: https://www.fxstreet.com/news/eurozone-unemployment-rate-registered-at-63-above-expectations-62-in-april-202606010900

The post United States Dollar Index (DXY) Price Forecast: Hesitation around 99.00 appeared on BitcoinEthereumNews.com. The US Dollar (USD) shows marginal gains on Monday, with risk appetite fading as tensions in the Middle East escalate and oil prices rise. The US Dollar Index (DXY), however, keeps trading in the lower range of the last two weeks’ trading band, with price action struggling to find acceptance above 99.00 ahead of a string of key US macroeconomic releases. Fresh skirmishes between the US and Iran have increased concerns about a fragile ceasefire, while US President Donald Trump is still considering signing a memorandum of understanding that would extend the ceasefire for another  60 days. Furthermore, Israel has ramped up its operations in Lebanon, adding pressure to an already strained truce. On the macroeconomic front, the US has a busy calendar ahead, starting with the ISM Manufacturing Purchasing Managers’ Index (PMI) report, due later today. These figures will frame

The post US Dollar: Stable tone as markets eye data and Warsh – MUFG appeared on BitcoinEthereumNews.com. MUFG’s Derek Halpenny notes the US Dollar is broadly stable at the start of June as markets watch US-Iran negotiations and a busy US data calendar. He highlights that a confirmed deal could allow the Federal Reserve to look through the energy shock, but stronger inflation data would complicate this and could still weigh on the Dollar via a dovish Warsh-led Fed. Dollar steadies into key US data “The US dollar is broadly stable as we start a new month with no sign of the key breakthrough needed in order to have a formal ceasefire extension agreement reached.” “But as usual, the start of a new month brings with it a lot of the key economic data prints in the US. If a deal is announced and confirmed by President Trump there may well be a greater willingness amongst Fed officials to look through the energy price shock. Still, the extent in which the crude oil price declines further will