Forex Today: Dollar retreats to start the week, eyes on Lagarde’s testimony
Here is what you need to know on Monday, June 20: Markets started the new
GBP/USD fades Thursday rally and drops below 1.2200 post-Fed/BoE rate hikes
The GBP/USD will finish the week with losses close to 1%. Central bank divergence between
USD/CAD rallies to fresh YTD highs at around 1.3070s on broad USD strength
The Loonie sustains substantial weekly losses of 2.04%. An upbeat market mood and broad US
EUR/USD Price Analysis: Struggles for clear directions around 1.0500
EUR/USD bears take a breather after three-week downside, sidelined of late. Key HMAs restrict immediate
EUR/USD Price Analysis: Retreats towards 1.0550 after reaching a weekly high around 1.0600
The EUR/USD shifted positively in the week and is gaining 0.34%. US recession fears shifted
AUD/USD drops from daily highs towards 0.6918 post-Fed hike
The US Federal Reserve hiked rates by 75 bps. The AUD/USD spiked to fresh highs
NZD/USD rallies towards 0.6300 after Fed’s Powell press conference
The US central bank raised rates by 75 bps, to 1.75%. Fed Chair Jerome Powell
USD/CAD hovers around 1.2930s on Powell’s presser post-Fed 0.75% rate hike
The US Federal Reserve decided to hike 75 bps, greatly influenced by last Friday’s hot
FX option expiries for June 13 NY cut
FX option expiries for June 13 NY cut at 10:00 Eastern Time, via DTCC, can be found below. –
USD/JPY Price Analysis: Refreshes multi-year high as bulls approach 135.15-20 hurdle
USD/JPY crosses a three-day-old horizontal hurdle to refresh 20-year high. Overbought RSI, peak of 2002