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Euro: Range-bound rebound faces key resistance against US Dollar – Societe Generale
Societe Generale’s Kenneth Broux notes EUR/USD has rebounded after forming an interim low near 1.1325 and moved back into its prior range, signalling limited follow-through on the earlier breakdown.
Canadian Dollar: Softer Canada jobs seen weigh against US Dollar – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad describes USD/CAD trading just below 1.4200 and broadly aligned with US-Canada two-year yield spreads ahead of June labor data.
"The bar for a material hawkish turn is high": ING says the Bank of Canada won't surprise next week
The Canadian Dollar (CAD) is outperforming the US Dollar in the short term, pulling the USD/CAD pair down from recent multi-month highs. This corrective move comes at a crucial juncture, as global markets look ahead to the Bank of Canada's (BoC) upcoming policy meeting.
Euro declines as cooling Eurozone inflation, Japan pension reforms lift Yen
EUR/JPY trades around 184.95 on Friday at the time of writing, down 0.35% on the day, as the Japanese Yen (JPY) benefits from renewed demand following the government's announcement of a potential shift toward greater domestic investment.
Portugal Global Trade Balance: €-8.705B (May) vs previous €-8.563B
Portugal Global Trade Balance: €-8.705B (May) vs previous €-8.563B
New Zealand Dollar eases from three-week highs near 0.5800 as the US Dollar bounces up
The New Zealand Dollar (NZD) is giving away gains against the US Dollar (USD) on Friday, trading at the 0.5775 area after hitting fresh three-week highs at 0.5794 earlier on the day.
Canadian Dollar: Firmer against US Dollar – Societe Generale
Societe Generale strategists highlight that USD/CAD is tactically expensive versus the 2-year spread and has recently met resistance near 1.4250 before retracing toward 1.4130.
BoJ will likely revise 2026 GDP forecast higher in Q2 report
According to sources, the Bank of Japan (BoJ) may revise up the fiscal 2026 economic growth forecast in the quarterly report due in July. The BoJ is expected to report that it will keep focus on the risk of inflation overshooting the central bank’s target, Reuters reports.
Euro: Yield spreads hint at recovery against US Dollar – MUFG
MUFG’s Derek Halpenny highlights that European Central Bank (ECB) minutes added little new information but confirmed openness to another rate hike, consistent with MUFG’s call for a 25bp move in September.
British Pound retreats sharply from January 2008 highs amid broad-based JPY rally
The GBP/JPY cross attracted heavy selling on Friday, snapping a two-day winning streak to the highest level since January 2008, around the 218.00 mark set the previous day.
British Pound surrenders early gains as US Dollar regains ground
The British Pound (GBP) gives back its early gains and turns almost flat around 1.3410 against the US Dollar (USD) during the European trading session on Friday.
Greece Industrial Production (YoY) increased to 3.9% in May from previous 2.1%
Greece Industrial Production (YoY) increased to 3.9% in May from previous 2.1%
Federal Reserve: No near-term hikes signalled – Commerzbank
Commerzbank’s Dr. Christoph Balz and Bernd Weidensteiner interpret recent data and Fed communications as pointing to stable policy rates in coming months.