Forex News — page 6

Across Asia, currencies softened as the dollar firmed and traders weighed government measures for the yen against a backdrop of expectations around GPIF policy shifts

Reports confirm South Carolina Senator Lindsey Graham died after a brief illness, aged 71, prompting tributes from colleagues and reflection on his long Senate tenure.

Analysts anticipate a strong debut for SK Hynix on Nasdaq, with market chatter pointing to a potential 22% pop as the AI boom supports demand for chipmakers

European shares paused as investors weighed AI-sector valuations and ongoing Middle East tensions, with mixed moves across energy and airline stocks amid broader market caution.

Japan’s June producer prices rose at the fastest pace since 2023, reinforcing expectations the BOJ may tighten policy sooner rather than later as energy costs and AI-related demand loom large.

Sony Bank’s US subsidiary, Connectia Trust, moves closer to issuing a dollar-pegged stablecoin after receiving conditional regulatory clearance and outlining capitalization plans.

Gains for GBP/CAD push to a ten-year peak while USD/CAD tests a major support zone ahead of Canadian employment data, signaling divergent forces shaping the North American currency complex

European stocks fall amid Middle East tensions as oil prices rise and euro-area yields advance, reflecting inflation and policy-rate concerns.

Markets reassessed risk after U.S. President Trump signaled a tougher stance over the Iran nuclear deal and threatened to sever trade ties with Spain, intensifying geopolitical uncertainty.

Asia-Pacific currencies moved after a surprise rate move by New Zealand's central bank, with the yen hovering near a multi-decade low and the kiwi strengthening on expectations of further tightening.

ECB Governing Council member Fabio Panetta cautioned that the euro zone economy remains fragile, suggesting policymakers should not commit to a predetermined path for interest rates amid inflation pressures and slowing growth

Markets anticipate the RBNZ Monetary Policy Statement in July could reintroduce volatility in the NZD as traders assess chances of a rate hike

EUR/USD steadied around 1.1432 as markets await the Fed minutes, with the dollar easing after softer U.S. data and weaker oil, while traders eye potential implications for policy cues

German factory orders rose in May, aiding a modest European equity lift as investors awaited central bank commentary and Fed minutes.

Eurozone May retail sales rose modestly, with revisions pulling down the year-over-year pace and underscoring mixed consumer strength across categories.

Eurozone Sentix Investor Confidence for July rises to -3.1 from -13.4, beating expectations and marking a third straight monthly gain amid signs of recovery in Germany

The New Zealand dollar is in focus ahead of the RBNZ's policy decision this week, with markets expecting a hold; a post-jobs relief rally has lifted the kiwi, but analysts say the broader downtrend has not clearly turned.

Goldman Sachs cut its yen forecast to around 165 per dollar, among the most bearish on Wall Street, arguing the currency will weaken further even with intervention as rate differentials and AI- and energy-linked dollar strength weigh on it.

A tepid June jobs report weakened expectations for further Fed rate hikes, sending the dollar lower for the week while gold steadies and the Canadian dollar climbs on fresh US data

Markets weigh Tuesday’s ISM Services PMI for June alongside Chinese PMIs, with developers noting NFP impact on the USD and global services activity signals

USD/JPY slides sharply as speculation grows that Japanese authorities may have defused upward pressure ahead of the NFP release, while gold sits near a major retracement level near $4,000 ahead of the U.S. jobs report

European equities faced modest declines as AI-related shares pressured sentiment, while traders awaited U.S. employment data that could influence global rate expectations.

EUR/GBP moves decisively through a crucial level as market expectations around ECB and BoE yield paths shift, with traders also watching related EUR cross setups such as EUR/NZD amid hawkish ECB messaging

Analysts question a large Circle sell-off amid signals that a new stablecoin project could intensify competition to USDC, with investment bankers cautioning against premature expectations of a near-term market shift.

The euro weakened broadly after softer-than-expected June inflation reinforced the view that the ECB is done hiking, shifting the market's focus toward eventual rate cuts and leaving the currency exposed as a hawkish Fed keeps the dollar near a one-year high.

Crédit Agricole’s CACEIS launches EURXT, a euro-pegged stablecoin on Ethereum with 20 million tokens issued, backed 1:1 by euro reserves at Caceis Bank, targeting institutional use and tokenized fund access

Eurozone consumer price growth slowed to 2.8% in June from 3.2% in May, with core inflation also easing, signaling less urgency for further monetary tightening, according to preliminary data

Eurozone final manufacturing PMI came in at 51.4 in June, with Germany at 50.3 and Italy at 52.2, while Swiss output also outpaced expectations as cost pressures ease gradually.

The dollar ended the first half of 2026 near a 13-month high, a sharp reversal from January's expectations of Fed rate cuts and enthusiasm for precious metals, as the central bank's hawkish turn lifted the greenback and sent the yen and gold sharply lower.

Japan has spent about $74 billion propping up the yen since April, and its currency diplomat says the intervention has slowed the decline, but analysts say wide US-Japan rate differentials mean the yen's fate rests with a hawkish Fed rather than Tokyo.