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British Pound slumps against US Dollar as risky assets turn fragile
The British Pound (GBP) is down 0.13% to near 1.3340 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair faces selling pressure as renewed geopolitical risks have diminished the appeal of riskier assets.
US Dollar Index: Conflict-driven support and rate backdrop â BBH
Brown Brothers Harrimanâs (BBH) Elias Haddad notes that renewed Middle East tensions are pressuring stocks and bonds while supporting the US Dollar (USD) and Oil.
US Dollar: FOMC minutes to highlight hawkish debate â TD Securities
TD Securities strategists preview the June Federal Open Market Committee (FOMC) Minutes, expecting more insight into the policy debate than provided by Chair Warshâs press conference.
US Dollar: Fed pricing questioned as disinflation looms â MUFG
MUFGâs Derek Halpenny argues that June FOMC minutes may already be stale as weaker labour data and lower energy prices challenge the Fedâs hawkish dot plot. He sees OIS pricing as too aggressive, with rate hikes over-priced and a rate cut by March 2027 more likely than another hike.
US Dollar: Reserve role questioned - Rabobank
Rabobank strategist Michael Every discusses contrasting views on the Dollarâs global role.
United States Dollar Index holds in range amid ongoing hopes of a negotiated end to the war
The US Dollar Index (DXY) pulls back to levels a few pips shy of 101.00 during Wednesdayâs European session, after being rejected at the 101.20 area earlier in the day, and has turned negative on daily charts.
US Dollar: Exposure stays elevated â BNY
BNYâs Geoff Yu notes that cross-border investorsâ Dollar holdings remain close to multi-year highs, driven by strong United States (US) asset exposure with fewer FX hedges.
GBP/USD Price Forecast: Sustenance above 20-day EMA backs further upside above 1.3400
The GBP/USD pair trades almost flat at around 1.3355 during the European trading session on Wednesday. The Cable consolidates as investors await the Federal Open Market Committee (FOMC) minutes of the June policy meeting, which will be published at 18:00 GMT.
United States Dollar Index holds above 101.00 following US strikes on Iran
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding gains for the second consecutive day and trading around 101.10 during the Asian session on Wednesday.
Fedâs Williams: âMonetary policy is in a good placeâ
Federal Reserve (Fed) Bank of New York President John Williams said on Tuesday that the United States (US) economy continues to show steady, trend-like growth, while the labor market remains stable.
Euro holds steady as traders assess Fed and ECB interest rate paths
EUR/USD trades in a narrow range on Tuesday as traders await greater clarity on the Federal Reserve's (Fed) and European Central Bank's (ECB) interest rate paths. At the time of writing, EUR/USD is trading around 1.1436, little changed on the day.
US ADP Employment Change 4-week average drops to 20K
Private-sector hiring in the US has further cooled in late June. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 20K jobs per week in the four weeks ending June 20.
United States Dollar Index firms as Hormuz tensions boost safe-haven demand
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding gains after two successive flat days and trading around 100.90 during the European hours on Tuesday.