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Swiss Franc gains ground ahead of Trade Balance data
USD/CHF extends its gains for the second successive day, trading around 0.8070 during the Asian hours on Monday. The pair depreciates as the Swiss Franc (CHF) receives support ahead of the release of Trade Balance data for June.
Silver Price Forecast: XAG/USD rises toward $57.00 despite Fed hike bets
Silver price (XAG/USD) gains ground for the second successive day, trading around $56.80 per troy ounce during the Asian hours on Monday.
United States Dollar Index struggles to lure buyers despite Iran tensions, Fed hike bets
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on a modest Asian session uptick on Monday and currently trades around the 100.80-100.75 region, nearly unchanged for the day.
Canadian Dollar edges higher to near 1.4000 as crude oil gains
The USD/CAD pair extends its downside to near 1.4005 during the Asian trading hours on Monday. Rising crude oil prices provide some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
Japanese Yen hangs near four-decade low as bears turn cautious amid intervention risks
The USD/JPY pair seesaws between tepid gains/minor losses during the Asian session on Monday and currently trades just below mid-162.00s amid relatively thin liquidity on the back of a holiday in Japan.
US President Donald Trump says US hitting Iran 'very hard’
US President Donald Trump said that the latest US strikes on Iran were being carried out in honour of US service members killed in recent days, the Guardian reported on Monday.Â
New Zealand Dollar remains subdued following PBoC policy decision
NZD/USD remains in negative territory for the third consecutive day, trading around 0.5840 during the Asian hours on Monday.
British Pound holds steady near 1.3450 as US-Iran strikes intensify
The GBP/USD pair trades on a flat note around 1.3450 during the early Asian session on Monday. Traders continue to assess the developments surrounding US-Iran tensions after the US said that a third American troop was killed in the past two days.
PBOC sets USD/CNY reference rate at 6.7948 vs. 6.7934 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7948 compared to Friday's fix of 6.7934 and 6.7577 Reuters estimate.
PBOC holds Loan Prime Rates steady in July
The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Monday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively.Â
Euro bulls remain on the sidelines as USD gains on US-Iran tensions and inflation fears
The EUR/USD pair kicks off the new week on a softer note, though it lacks follow-through selling, warranting caution before positioning for an extension of the pullback from a nearly four-week high touched last Wednesday.
WTI surges above $83.00 amid escalating US-Iran conflict
West Texas Intermediate (WTI) oil price opened at a bullish gap, trading around $83.50 per barrel during the Asian hours on Monday.
China PBoC Interest Rate Decision meets expectations (3%)
China PBoC Interest Rate Decision meets expectations (3%)