BitcoinEthereumNews·
The post US Dollar: Supported by higher yields and FOMC stance – MUFG appeared on BitcoinEthereumNews.com. MUFG’s Lloyd Chan reports that June Federal Open Market Committee (FOMC) minutes show policymakers increasingly concerned that US inflation could stay elevated, with some seeing a case for a rate hike. Most participants indicated a restrictive stance may need to be maintained if inflation proves persistent. FOMC minutes and yield rebound “The minutes from the June FOMC meeting highlighted growing concern among policymakers that inflation could remain elevated, even as downside risks to the labour market have moderated somewhat.” “While members ultimately supported leaving rates unchanged, a few participants noted that there was a case for a rate hike at the June meeting.” “Policymakers also discussed a range of economic scenarios for the months ahead.” “In the scenario where inflation remains persistent, most participants indicated that a restrictive policy stance would likely nee
Read full articleUK's persistent inflation challenges could drive investors towards traditional assets, impacting crypto's appeal amid high opportunity costs. The post UK faces more entrenched inflation problem than US and Europe, and crypto investors should care appeared first on Crypto Briefing.
The Fed's inflation measure shift could ease rate hikes, boosting risk assets like crypto, but persistent inflation may still pose challenges. The post Federal Reserve’s inflation gauge revamp may curb interest rate hikes appeared first on Crypto Briefing.
The post US Dollar Index: Fed hawks supported by energy spike – ING appeared on BitcoinEthereumNews.com. ING’s Chris Turner notes that higher Oil prices and Gulf tensions have driven a bigger reaction in rates than in FX, with Brent near $80 supporting Fed hawks. The US Dollar (USD) is expected to stay firm versus low-yielders, while carry trades in Emerging Markets (EM) have been unwound. Turner sees US Dollar Index (DXY) around 101.00 with scope back toward 101.50. Fed scenarios and DXY support “Dominating global markets yesterday was the seeming breakdown in negotiations between the US and Iran and a more serious exchange of fire. That has extended overnight, with the US military striking infrastructure targets in northern Iraq – the first strike on infrastructure since early April. Brent briefly touched $80/bl and we saw some large moves at the short end of interest curves.” “In addition, last night saw the release of the FOMC minutes for the June meeting. Some had feared that Fed
The post US Dollar: Constructive outlook as Oil risks build – OCBC appeared on BitcoinEthereumNews.com. OCBC’s Sim Moh Siong and Christopher Wong note renewed Middle East tensions and higher Oil prices are lifting the US Dollar (USD) and global bond yields. They expect the USD to appreciate by 2–3% in 2H26 versus lower-yielding currencies like the Euro (EUR), Japanese Yen (JPY) and Swiss Franc (CHF), with a larger rally contingent on a sharper Oil spike or US overheating. Geopolitics and energy underpin Dollar “We continue to expect the USD to appreciate by 2-3% in 2H26 and remain constructive on the currency against lower-yielding peers, including the EUR, JPY and CHF.” “A more significant move of over 5% remains a tail risk and would likely require either oil prices rising above USD100/bbl or renewed signs of US economic overheating, such as falling unemployment and firmer medium-term inflation expectations, rather than a soft-landing outcome.” “At around USD78/bbl, Brent crude remai
The post What is keeping the Japanese Yen close to 40-year lows as extreme positioning meets intervention threats? appeared on BitcoinEthereumNews.com. The Japanese Yen (JPY) remains locked in a high-stakes standoff against the US Dollar, testing the ultimate limits of Tokyo’s tolerance for its local currency to depreciate. While a combination of a dovish Bank of Japan (BoJ), loose domestic fiscal policy, and structural vulnerabilities as a net energy importer continue to weigh down the asset, speculative short positioning has reached heavily stretched extremes. Market observers warn that while the immediate technical path points to further gradual upside for the USD/JPY pair, the threat of unannounced government intervention looms large, setting the stage for a potentially violent and sudden trend reversal. USD/JPY daily chart. Source: FXStreet. Structural pressures and extreme positioning heighten intervention threats FX strategists at ABN AMRO note the market is aggressively probin
The post Japanese Yen gains against US Dollar despite renewed geopolitical risks appeared on BitcoinEthereumNews.com. The Japanese Yen (JPY) trades higher against the US Dollar (USD) despite renewed geopolitical risks. The USD/JPY pair is down 0.17% to near 162.35 as the US Dollar faces selling pressure even as the exchange of attacks between the United States (US) and Iran has de-anchored United States (US) inflation expectations again. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.15% -0.23% -0.16% 0.07% -0.15% -0.69% -0.29% EUR 0.15% -0.07% -0.04% 0.22% 0.03% -0.51% -0.13% GBP 0.23% 0.07% 0.04% 0.29% 0.10% -0.43% -0.05% JPY 0.16% 0.04% -0.04% 0.22% 0.05% -0.52% -0.12% CAD -0.07% -0.22% -0.29% -0.22% -0.19% -0.73% -0.34% AUD 0.15% -0.03% -0.10% -0.05% 0.19% -0.54% -0.15% NZD 0.69% 0.51% 0.43% 0.52% 0.73% 0.54% 0
The post Euro: Early gains against US Dollar at risk on Fed story – ING appeared on BitcoinEthereumNews.com. Chris Turner at ING highlights that EUR/USD has held up despite higher Oil, as Euro swap rates outperformed US rates on expectations of an ECB hike in September. However, he argues the Fed narrative will dominate, with EUR/USD likely to surrender gains and fall below 1.14. ECB minutes and energy prices should keep September hike expectations alive. Resilience questioned as Fed dominates “On the eurozone calendar today is the release of the ECB minutes for the 11 June meeting. We assume this will be pitched as hawkish and, combined with higher energy prices, keep expectations alive for a follow-up hike at the September meeting. That is currently priced at +22bp by money markets.” “EUR/USD has held up remarkably well given the jump in oil prices yesterday. Yield spreads did narrow in favour of the euro, where euro swap rates rose around 7-8bp more than short-dated US rates on the
The post EUR/USD Price Forecast: Euro wavers around 1.1430 with the bearish trend intact appeared on BitcoinEthereumNews.com. The Euro (EUR) posts moderate gains against the US Dollar (USD) on Thursday, hitting session highs near 1.1440, yet trapped within the weekly range, with the broader bearish trend in play. A softer US Dollar is providing some support to the Euro, but rising geopolitical tensions and the rebound in Oil prices keep weighing on the common currency. Data from Germany released earlier on Thursday revealed that the Trade Balance surplus increased beyond expectations in May, totalling EUR 19.1 billion, from the 14.5 billion surplus seen in April, with exports growing and imports contracting against expectations. The Euro received a minor boost after the data release. The US Dollar, on the other hand, is losing ground, with markets still hopeful that Washington and Tehran will return to the negotiating table, despite the escalating tensions. News that Qatar is pressing
