Forex Today: Safe-haven flows return, focus shifts to US PCE inflation data
Here is what you need to know on Thursday, June 30: Safe-haven flows dominate the
USD/CNH remains stuck within the 6.6600-6.7400 range – UOB
No changes to the consolidation theme around USD/CNH in the near term, commented FX Strategists
NZD/USD plummets to two-year low, seems vulnerable below 0.6200 amid stronger USD/risk-off
NZD/USD witnessed heavy selling on Friday and dived to its lowest level since May 2020.
GBP/USD struggles near two-week low, bears flirts with 1.2100 mark amid stronger USD
GBP/USD came under renewed selling pressure on Friday amid a goodish pickup in the USD
EUR/USD: Bears regain control around 1.0440 ahead of EMU CPI, US ISM
EUR/USD resumes the downside well south of 1.0500. Germany June Final Manufacturing PMI came at
EUR/GBP jumps back above mid-0.8600s on stronger Eurozone inflation figures
EUR/GBP gained strong positive traction on Friday and shot back to the weekly high. Stronger
USD/CNH sticks to the range bound theme – UOB
Further consolidation within the 6.6600-6.7400 range is likely in USD/CNH in the next weeks according
USD/CAD drops to mid-1.2800s amid bullish oil prices, focus remains on Fed’s Powell
USD/CAD attracted fresh selling on Wednesday and turned lower for the fourth straight day. Bullish
GBP/USD struggles near two-week low, just above mid-1.2100s ahead of central bank speakers
GBP/USD turned lower for the third straight day and dropped to a nearly two-week low.
AUD/USD bounces off two-week low, keeps the red below 0.6900 as traders await Powell
AUD/USD trimmed a part of its intraday losses to a two-week low, though lacked follow-through.