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New Zealand Business NZ PMI rose from previous 49.9Â to 59.7 in June
New Zealand Business NZ PMI rose from previous 49.9Â to 59.7 in June
Euro steadies as Middle East strikes offsets Fed repricing
The Euro holds firm against the US Dollar on Wednesday as hostilities in the Middle East continued, with the US attacking Iran for the second straight day at around the Strait of Hormuz. At the time of writing, the EUR/USD trades at 1.1420, after bouncing off daily lows of 1.1391.
The Australian Dollar flatlines while everyone else has a war to trade
AUD/USD trades pinned between 0.6900 and 0.6950 on Wednesday, essentially unchanged and printing the kind of indecision candle that tells traders the week's rebound has run out of sponsorship.
British Pound Sterling wins the day and stays stuck in the same trap
GBP/USD trades just below 1.3400 on Wednesday, up around a quarter of a percent and once again leaning on the 200-day Exponential Moving Average (EMA) that has repelled every advance since the pair clawed back from its mid-June washout.
Euro: Political risks but downside bias – ING
Francesco Pesole at ING discusses Euro resilience despite French political developments, including Marine Le Pen’s 2027 bid and expectations of an RN win.
Swiss Franc holds losses as fresh US-Iran tensions support the US Dollar
The Swiss Franc (CHF) nurses minor losses against the US Dollar (USD) on Wednesday but is depreciating nearly 0.7% so far this week.
Polish Zloty: Dovish NBP stance weighs on PLN – ING
ING’s Frantisek Taborsky expects the National Bank of Poland (NBP) to keep rates at 3.75% through year-end, with easing delayed until policymakers gain confidence on inflation.
Australian Dollar weakens on renewed Iran tensions ahead of Fed Minutes
AUD/USD falls to around 0.6920 on Wednesday at the time of writing, down 0.13% on the day after giving back its earlier gains.
Swedish Krona: Growth strong, currency soft – Societe Generale
Societe Generale’s Kit Juckes argues that Sweden’s strong growth and low inflation contrast with broader G10 dynamics, yet the Krona remains weak. He notes Sweden’s superior debt sustainability and recent data showing robust Gross Domestic Product (GDP) and minimal inflation.
EUR/GBP Price Forecasts: Euro holds below 0.8450 with indicators showing some bullish divergence
The Euro (EUR) is trading flat against the British Pound (GBP) on Wednesday, with bears contained above 0.8535 yet failing to find acceptance above 0.8650 so far.
British Pound: Sterling supported as yields retrace – MUFG
MUFG’s Derek Halpenny highlights that implied volatility in GBP/USD has barely moved after Nigel Farage’s decision to resign and recontest his Clacton seat, calling the by‑election a sham with potential further votes if he is sanctioned.
United States MBA Mortgage Applications fell from previous 0% to -2.2% in July 3
United States MBA Mortgage Applications fell from previous 0% to -2.2% in July 3
New Zealand Dollar gives away gains amid renewed tensions in the Middle East
The New Zealand Dollar’s (NZD) rally against the US Dollar (USD) has been short-lived, as the pair returned to sub-0.5700 levels during the European session after being rejected at the 0.5725 area earlier in the day.