Swiss Franc Slides As Risk Aversion Fuels US Dollar Demand

The post US Dollar Index (DXY) rallies above 99.00 amid soaring US yields appeared on BitcoinEthereumNews.com. The US Dollar (USD) is outperforming this week, fuelled by higher US Treasury yields as solid macroeconomic data and high inflationary pressures have boosted expectations of Federal Reserve (Fed) rate hikes later in the year. The US Dollar Index (DXY), which measures the value of the Dollar against a basket of peers, is trading at five-week highs, at 99.20, at the time of writing, on track for its best weekly performance in two months, after rallying about 1.30% in the last five days. US Retail Sales data released on Thursday revealed that consumption remained resilient in April, and weekly Initial Jobless Claims provided further signals of a stabilising labour market, despite the war in the Middle East. Consumer and producer inflation data released earlier in the week, on the other hand, have shown that the impact of the energy shock has been stronger than expected. These fig

The post AUD/USD Price Forecast: Near-term bias turns bearish as correction extends below 20-day EMA appeared on BitcoinEthereumNews.com. The AUD/USD pair trades 0.8% lower to near 0.7160 against the US Dollar (USD) during the European trading session on Friday. The Aussie pair faces intense selling pressure as the US Dollar outperforms its peers amid a significant surge in US Treasury yields. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.26% 0.48% 0.10% 0.19% 0.80% 0.80% 0.23% EUR -0.26% 0.21% -0.17% -0.09% 0.54% 0.57% -0.02% GBP -0.48% -0.21% -0.34% -0.29% 0.34% 0.35% -0.23% JPY -0.10% 0.17% 0.34% 0.08% 0.69% 0.71% 0.13% CAD -0.19% 0.09% 0.29% -0.08% 0.59% 0.60% 0.05% AUD -0.80% -0.54% -0.34% -0.69% -0.59% 0.02% -0.56% NZD -0.80% -0.57% -0.35% -0.71% -0.60% -0.02% -0.58% CHF -0.23% 0.02% 0.23% -0.13% -0.05% 0.5

The post US Dollar: Strong data supports Dollar gains – Rabobank appeared on BitcoinEthereumNews.com. Rabobank strategist Molly Schwartz notes that hotter US trade price data for April pushed United States (US) Treasury yields higher, with import and export prices rising at their fastest monthly pace since early 2022. The report highlights that the US Dollar (USD) was the best performing G10 currency on a one-day view as two-year yields moved back above 4.00%. Hotter prices lift yields and USD “US Treasury yields closed higher after hotter-than-expected trade price data for April printed, with import prices up 1.9% m/m and export prices up 3.3% m/m.” “These were the fastest monthly price index increases since early 2022 for both.” “However, the import price index, excluding petroleum, registered more modest gains of only 0.7% which, while hotter than the expected print of 0.5%, is cooler than levels seen as recently as January and February of this year.” “Yesterday afternoon saw a surg

Solana found support at $90 and corrected some losses. SOL price is now consolidating below $94 and might struggle to continue higher. SOL price started a decent recovery wave above $91 and $92 against the US Dollar. The price is now trading below $94 and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $92.90 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $92.90 and $94.00. Solana Price Starts Recovery Solana price remained stable and started a decent recovery wave from $90, like Bitcoin and Ethereum. SOL was able to climb above the $91.50 level. There was a move above the 50% Fib retracement level of the downward move from the $95.92 swing high to the $89.89 low. However, the bears remained active below $94. There is also a bearish trend line forming with resistance at $92.90 on the hourly chart of the SOL/USD pair. Solana is now trading below $92 and the 100-hourly simp

The post Japanese Yen slides to two-week low vs USD as bears retain control appeared on BitcoinEthereumNews.com. The USD/JPY pair touches a two-week high during the Asian session on Friday and looks to extend the weekly uptrend amid a broadly firmer US Dollar (USD). Spot prices remain on track to register strong weekly gains and currently trade just below the 158.50 level, up slightly for the fifth consecutive day. Traders ramped up their bets for an interest rate hike by the US Federal Reserve (Fed) in 2026 following the release of hotter-than-expected US inflation figures earlier this week. Adding to this, US Retail Sales expanded for the third straight month in April, reflecting a robust consumer spending and reaffirming hawkish Fed expectations. This, along with persistent geopolitical uncertainties, lifts the USD to a fresh monthly peak and acts as a tailwind for the USD/JPY pair. Peace talks between the US and Iran remain in limbo amid broader disagreements over Tehran’s nuclear

The post Australian Dollar Retreats From Multi-Year Highs As RBA Minutes, China Data Loom appeared on BitcoinEthereumNews.com. Australian Dollar Retreats From Multi-Year Highs As RBA Minutes, China Data Loom Skip to content Home Forex News Australian Dollar Retreats From Multi-Year Highs as RBA Minutes, China Data Loom Source: https://bitcoinworld.co.in/australian-dollar-retreats-rba-minutes-china-data/

The post Chinese Yuan Gains Support From Earnings Stability, Limited FX Risk: BNY appeared on BitcoinEthereumNews.com. Chinese Yuan Gains Support From Earnings Stability, Limited FX Risk: BNY Skip to content Home Forex News Chinese Yuan Gains Support from Earnings Stability, Limited FX Risk: BNY Source: https://bitcoinworld.co.in/chinese-yuan-earnings-support-bny-analysis/

The post Japanese Yen: Valuation risks and policy coordination – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu highlights that the Japanese Yen (JPY) remains significantly undervalued on a Real Effective Exchange Rate (REER) basis even as Euro (EUR) and US Dollar (USD) valuations have converged. He notes United States (US) –Japan coordination on exchange rates is already underway and argues Europe should be more proactive, as sustained JPY weakness poses greater competitive risks for Eurozone exporters than for the United States. JPY undervaluation and European risks “Based on the Bank for International Settlements’ (BIS) Real Effective Exchange Rate (REER) indices, measured by their change over the last five years, the dollar and euro have fully converged in valuation over the past six months. A range breakout would require a significant structural catalyst – the technology drivers behind “U.S. exceptionalism” or the “European strategic autonomy” theme on defense.” “Japan ha