{"id":349,"date":"2023-05-31T15:30:47","date_gmt":"2023-05-31T15:30:47","guid":{"rendered":"\/?page_id=349"},"modified":"2024-11-20T14:02:20","modified_gmt":"2024-11-20T06:02:20","slug":"forex-news","status":"publish","type":"page","link":"https:\/\/www.sec.rakuten.com.hk\/en\/insight\/forex-news","title":{"rendered":"Forex News"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"349\" class=\"elementor elementor-349\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-79d86a79 e-flex e-con-boxed e-con\" data-id=\"79d86a79\" data-element_type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-33846201 page-banner__breadcrumbs elementor-widget elementor-widget-jet-breadcrumbs\" data-id=\"33846201\" data-element_type=\"widget\" data-widget_type=\"jet-breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-jet-breadcrumbs jet-blocks\">\n\t\t<div class=\"jet-breadcrumbs\">\n\t\t<div class=\"jet-breadcrumbs__content\">\n\t\t<div class=\"jet-breadcrumbs__wrap\"><div class=\"jet-breadcrumbs__item\"><a href=\"https:\/\/www.sec.rakuten.com.hk\/en\" class=\"jet-breadcrumbs__item-link is-home\" rel=\"home\" title=\"HOME\">HOME<\/a><\/div>\n\t\t<\/div>\n\t\t<\/div>\n\t\t<\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76ca3d1e page-banner__title elementor-widget elementor-widget-heading\" data-id=\"76ca3d1e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Forex News<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-36ddf7ac e-flex e-con-boxed e-con\" data-id=\"36ddf7ac\" data-element_type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-aca915 elementor-widget elementor-widget-heading\" data-id=\"aca915\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">News source: FXStreet<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71bc2f67 elementor-widget elementor-widget-shortcode\" data-id=\"71bc2f67\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\">\n\n\n<style>\n  .latest-news__item {\n    position: relative;\n    padding-bottom: 32px;\n    margin-bottom: 40px;\n    border-bottom: 1px solid #D6D6D6;\n  }\n\n  .latest-news__summary {\n    display: flex;\n    gap: 40px;\n  }\n\n  .latest-news__thumb {\n    width: 270px;\n  }\n\n  .latest-news__thumb img,\n  .latest-news__date-icon 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.latest-news__title {\n      display: -webkit-box;\n      -webkit-box-orient: vertical;\n      -webkit-line-clamp: 2;\n      overflow: hidden;\n    }\n\n    .latest-news__accordion-btn {\n      position: absolute;\n      top: calc(100% + 20px);\n\t  left: 50%;\n\t  transform: translateX(-50%);\n      font-size: 16px;\n      letter-spacing: 0.8px;\n\t  margin-top: 0;\n    }\n\n    .latest-news__accordion-btn.is-active {\n      margin-top: 0;\n    }\n\n    .latest-news__accordion-btn::after {\n      width: 16px;\n      height: 16px;\n    }\n\n    .latest-news__item {\n      padding-bottom: 52px;\n      margin-bottom: 24px;\n    }\n\n    .latest-news__content {\n      font-size: 18px;\n\t  max-height: 400px;\n\t  margin-top: 56px;\n    }\n\n    .latest-news__content ul li {\n      padding-left: 22px;\n    }\n\n    .latest-news__content ul li::before {\n      width: 10px;\n      height: 10px;\n    }\n\n    .latest-news__content .fxs-content-module-header {\n      font-size: 18px;\n      padding-right: 72px;\n    }\n\n    .latest-news__content .fxs-content-module-content {\n      padding-right: 0\n    }\n  }\n<\/style>\n\n<section class=\"latest-news\">\n  <div class=\"latest-news__list\">\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/USDJPY-bullish-line_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jul 06, 15:09 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">USD\/JPY Price Forecast: Eyes 40-year highs near 163.00 after breaking above nine-day EMA<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a}<\/style>\n<ul><li value=\"1\"><strong>USD\/JPY may target the initial resistance at the 40-year high of 162.84.<\/strong><\/li><li value=\"2\"><strong>The 14-day Relative Strength Index at 62, signaling overbought conditions<\/strong><\/li><li value=\"3\"><strong>The initial support lies at the nine-day EMA of 161.76.<\/strong><\/li><\/ul><p>USD\/JPY gains ground for the second successive day, trading around 162.20 during the early European hours on Monday. The currency pair is maintaining a bullish near-term bias as it holds comfortably above both the nine-day and 50-day Exponential Moving Averages (EMAs). The upward-sloping EMAs suggest sustained underlying demand.<\/p><p>Additionally, the 14-day Relative Strength Index (RSI) around 62 keeps the pair in positive territory without yet signaling extreme overbought conditions, hinting that buyers still retain control despite the recent pullback from the highs.<\/p><p>The daily technical analysis indicates that the USD\/JPY pair is remaining within an ascending channel pattern, suggesting a prevailing bullish bias.<\/p><p>The initial resistance lies at the 40-year high of 162.84, which was reached on July 1, followed by the upper boundary of the ascending channel around 163.40.<\/p><p>On the downside, the USD\/JPY pair may pull back toward the nine-day EMA of 161.76. Further declines would weaken the bullish bias and put downward pressure on the pair to test the lower boundary of the ascending channel around 160.80, followed by the 50-day EMA at 160.23. A break below this confluence support zone would expose the four-month low of 155.04, recorded on May 6.<\/p><figure><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/chart-analysis-1783320870435\" alt=\"Chart Analysis USD\/JPY\" loading=\"lazy\"><figcaption>USD\/JPY: Daily Chart<\/figcaption><\/figure><p><em>(The technical analysis of this story was written with the help of an AI tool.)<\/em><\/p><div class=\"post-module\"><div id=\"content-module-currencyprices-JPY-666\" data-type=\"currencyprices\" data-module=\"currencyprices\" data-config-topic=\"JPY\" data-config-asset=\"JPY\" data-config-criteria=\"Weakest\" data-config-period=\"Today\" data-config-currencies=\"USD,EUR,GBP,JPY,CAD,AUD,NZD,CHF\" data-config-quotes=\"1.143535:1.141845,1.335055:1.333355,1.16754:1.167665,0.006197:0.006161,0.005419:0.005396,0.004641:0.004621,0.704315:0.70327,0.6159:0.61591,0.5274:0.5274,113.6485:114.1525,0.693965:0.692865,0.60696:0.6068,0.5196:0.51967,111.987:112.4555,0.985105:0.9851,0.57105:0.568555,0.4994:0.497915,0.42777:0.42642,92.132:92.28,0.8108:0.808375,0.82309:0.82056,1.24449:1.241232,1.088317:1.087045,0.932305:0.93093,200.9485:201.461,1.76761:1.764958,1.794045:1.791473,2.17944:2.18312\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-major-currency-prices-wrapper\">\n    <h2 class=\"fxs-major-currency-prices-title\">Japanese Yen Price Today<\/h2>\n    <p class=\"fxs-major-currency-prices-content\">The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the US Dollar.<\/p>\n    <table class=\"fxs-major-currency-prices-currency-prices-table\" border=\"1\">\n        <thead>\n        <tr>\n            <th><\/th>\n                <th>USD<\/th>\n                <th>EUR<\/th>\n                <th>GBP<\/th>\n                <th>JPY<\/th>\n                <th>CAD<\/th>\n                <th>AUD<\/th>\n                <th>NZD<\/th>\n                <th>CHF<\/th>\n        <\/tr>\n        <\/thead>\n        <tbody>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>USD<\/th>\n                        <td><\/td>\n                        <td class=\"light-green\">0.15%<\/td>\n                        <td class=\"light-green\">0.13%<\/td>\n                        <td class=\"light-green\">0.58%<\/td>\n                        <td class=\"light-green\">0.15%<\/td>\n                        <td class=\"light-green\">0.16%<\/td>\n                        <td class=\"light-green\">0.44%<\/td>\n                        <td class=\"light-green\">0.26%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>EUR<\/th>\n                        <td class=\"light-red\">-0.15%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.01%<\/td>\n                        <td class=\"light-green\">0.43%<\/td>\n                        <td class=\"light-red\">-0.00%<\/td>\n                        <td class=\"light-green\">0.03%<\/td>\n                        <td class=\"light-green\">0.30%<\/td>\n                        <td class=\"light-green\">0.12%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>GBP<\/th>\n                        <td class=\"light-red\">-0.13%<\/td>\n                        <td class=\"light-green\">0.01%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.43%<\/td>\n                        <td class=\"gray\">0.00%<\/td>\n                        <td class=\"light-red\">-0.01%<\/td>\n                        <td class=\"light-green\">0.32%<\/td>\n                        <td class=\"light-green\">0.15%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>JPY<\/th>\n                        <td class=\"light-red\">-0.58%<\/td>\n                        <td class=\"light-red\">-0.43%<\/td>\n                        <td class=\"light-red\">-0.43%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.44%<\/td>\n                        <td class=\"light-red\">-0.42%<\/td>\n                        <td class=\"light-red\">-0.16%<\/td>\n                        <td class=\"light-red\">-0.25%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CAD<\/th>\n                        <td class=\"light-red\">-0.15%<\/td>\n                        <td class=\"gray\">0.00%<\/td>\n                        <td class=\"gray\">0.00%<\/td>\n                        <td class=\"light-green\">0.44%<\/td>\n                        <td><\/td>\n                        <td class=\"gray\">0.00%<\/td>\n                        <td class=\"light-green\">0.30%<\/td>\n                        <td class=\"light-green\">0.15%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>AUD<\/th>\n                        <td class=\"light-red\">-0.16%<\/td>\n                        <td class=\"light-red\">-0.03%<\/td>\n                        <td class=\"light-green\">0.01%<\/td>\n                        <td class=\"light-green\">0.42%<\/td>\n                        <td class=\"light-red\">-0.00%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.31%<\/td>\n                        <td class=\"light-green\">0.14%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>NZD<\/th>\n                        <td class=\"light-red\">-0.44%<\/td>\n                        <td class=\"light-red\">-0.30%<\/td>\n                        <td class=\"light-red\">-0.32%<\/td>\n                        <td class=\"light-green\">0.16%<\/td>\n                        <td class=\"light-red\">-0.30%<\/td>\n                        <td class=\"light-red\">-0.31%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.17%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CHF<\/th>\n                        <td class=\"light-red\">-0.26%<\/td>\n                        <td class=\"light-red\">-0.12%<\/td>\n                        <td class=\"light-red\">-0.15%<\/td>\n                        <td class=\"light-green\">0.25%<\/td>\n                        <td class=\"light-red\">-0.15%<\/td>\n                        <td class=\"light-red\">-0.14%<\/td>\n                        <td class=\"light-green\">0.17%<\/td>\n                        <td><\/td>\n            <\/tr>\n        <\/tbody>\n    <\/table>\n    <p class=\"fxs-major-currency-prices-currency-prices-legend\">The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)\/USD (quote).<\/p>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/dollar-index-03_Large.jpg\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jul 06, 14:58 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">US Dollar Index: Upside risks stay supported \u2013 ING<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <p>ING\u2019s Chris Turner notes the Dollar (USD) has held up after soft June jobs data, with G7 FX volatility low and carry trades attractive as one-week Dollar deposit rates sit in the upper G10 range. He highlights hawkish FOMC minutes under Kevin Warsh as a key support, sees USD\/JPY grinding higher with intervention risks, and expects US Dollar Index (DXY) support at 100.60 to hold.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">Hawkish Fed minutes and firm DXY<\/h2><p>\"US markets are reopening after a long weekend, and FX markets are relatively quiet. G7 FX volatility is close to the lower end of long-term ranges and will be encouraging more interest in carry trades as we head into the heart of summer. Here, one-week dollar deposit rates are in the top half of the G10 table and are a reminder that short dollar positions need to be backed up by a strong story, which is simply not there at the moment.\"<\/p><p>\"Additionally, last week's soft US jobs data release has not done too much damage to the dollar, where short-dated US rates have largely held onto their increase from April. Money markets are now pricing 31bp of Federal Reserve tightening this year versus the peak hawkishness seen late last month of 43bp of tightening. On the subject of the Fed, this Wednesday will see the first set of FOMC minutes released under Chair Kevin Warsh's leadership.\"<\/p><p>\"However, the core message should be a hawkish one, where the Fed is committed to restoring price stability after missing its target five years in a row, and some (or many) members could see the Fed's next move as a rate hike.\"<\/p><p>\"At the same time, the dollar seems to have dodged the bullet of large-scale Japanese FX intervention. USD\/JPY is already back at 162 after a no-show from the Bank of Japan in holiday-thinned conditions last week. This could be a reminder that Tokyo wants to use its finite FX reserves cautiously. DXY support at 100.60 should hold today, with a bias for an upwards drift.\"<\/p><p>\"For today, the focus will be on the US June ISM services numbers, where activity should remain consistent with 2% US growth, but the prices paid component should come off its four-year high.\"<\/p><p><em>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/em><\/p>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/india-02_Large.jpg\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jul 06, 13:17 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Indian Rupee declines against US Dollar at the start of FOMC Minutes week<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-event-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-event-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-event-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-event-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:12px}.fxs-event-module-section:last-child{border:none;margin-bottom:0}.fxs-event-module-header{color:#1b1c23;font-weight:700;font-size:16px;font-style:normal;line-height:20px;margin:0;padding:4px 0;background-color:#fff;border:none;position:relative;padding-right:32px}.fxs-event-module-header label{cursor:pointer;display:block}.fxs-event-module-header label:after,.fxs-event-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-event-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-event-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-event-module-container input[type=checkbox]{display:none}.fxs-event-module-container input[type=checkbox]:checked+.fxs-event-module-section .fxs-event-module-header label:after{transform:rotate(45deg) translateX(4px)}.fxs-event-module-container input[type=checkbox]:checked+.fxs-event-module-section .fxs-event-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-event-module-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0;margin-top:8px}.fxs-event-module-content.why-matters{max-height:0;overflow:hidden;transition:all .3s ease-in-out}.fxs-event-module-container input[type=checkbox]:checked+.fxs-event-module-section .fxs-event-module-content.why-matters{max-height:1000px;margin-top:8px}.fxs-event-module-calendar-title{color:#1b1c23;font-size:17.6px;font-family:Roboto;font-style:normal;font-weight:700;line-height:20.8px;margin:4px 0 0 0}.fxs-event-module-calendar-title-description-wrapper{display:flex;flex-direction:column;gap:12px;border-bottom:1px solid #ececf1;padding-bottom:16px;margin-bottom:16px}.fxs-event-module-inner-calendar{padding:16px}.fxs-event-module-inner-calendar .fxs-event-module-section{padding:0}.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:12.8px;line-height:17px}.fxs-event-module-read-more{display:flex;align-items:center;align-content:center;gap:4px;color:#e4871b;font-size:12.8px;font-family:Roboto;font-style:normal;font-weight:700;line-height:17px;text-decoration:none}.fxs-event-module-read-more svg{width:16px;height:16px}.fxs-event-module-read-more:hover span{text-decoration:underline}.fxs-event-module-release{margin:0;display:flex;flex-direction:column;gap:2px}.fxs-event-module-release>p{font-size:12.8px;font-family:Roboto;font-style:normal;line-height:17px;margin:0}.fxs-event-module-release>p>strong{color:#8c8d91;font-weight:700}.fxs-event-module-release>p>span{color:#8c8d91;font-weight:400}.fxs-event-module-release>p>a{color:#e4871b;font-weight:700;text-decoration:none}.fxs-event-module-release>p>a:hover>span{text-decoration:underline}.fxs-event-module-inner-calendar .fxs-event-module-container{margin:16px 0 0 0;border-top:1px solid #ececf1;padding:12px 0 0 0}@media (min-width:680px){.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:14.72px;line-height:20px}.fxs-event-module-release p{font-size:14.72px;line-height:20px}.fxs-event-module-read-more{font-size:14.72px;line-height:20px}.fxs-event-module-calendar-title{font-size:22.4px;line-height:25.6px}.fxs-event-module-title{font-size:19.2px;line-height:27.2px}.fxs-event-module-header{font-size:19.2px;line-height:25.92px}.fxs-event-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul><li value=\"1\"><strong>The Indian Rupee weakens as the US Dollar bounces back.<\/strong><\/li><li value=\"2\"><strong>Lower oil prices will likely limit the Indian Rupee\u2019s downside.<\/strong><\/li><li value=\"3\"><strong>FIIs turned out to be net buyers on Friday.<\/strong><\/li><\/ul><p>The Indian Rupee (INR) trades lower against the US Dollar (USD) at the start of the week. The USD\/INR pair rises to near 95.42 as the US Dollar edges higher after a negative week, with investors awaiting the Federal Open Market Committee (FOMC) Minutes of the June monetary policy meeting, which will be released on Wednesday.<\/p><p>At the time of writing, the US Dollar Index (DXY), which gauges the Greenback\u2019s value against six major currencies, trades 0.15% higher to near 101.03. Some buying interest has been reflected in the USD Index after sliding to near 100.55 last week.<\/p><p>Investors will pay close attention to the FOMC minutes as Federal Reserve (Fed) Chair Kevin Warsh didn\u2019t deliver any forward-looking remarks on the monetary policy. In the policy meeting, the Fed left interest rates unchanged in the range of 3.50%-3.75%, as expected, and the dot plot showed that nine of 19 policymakers advocated an interest rate hike by the year-end.<\/p><h3 class=\"fxs_headline_medium\">Lower oil prices to support Indian Rupee<\/h3><p>Oil prices remaining lower due to the normalization of traffic near the Strait of Hormuz, a critical chokepoint for almost 20% of the global energy supply, are expected to offer support to the Indian Rupee.<\/p><p>Lower oil prices bode well for currencies from economies, such as India, that rely heavily on oil imports to meet their energy needs.<\/p><p>In the opening session, the MCX Crude Oil contract expiring on July 20 trades 0.2% lower to near 6,550, close to its multi-month low of 6,426 posted on Thursday.<\/p><p>Analysts at Citi expect that oil prices could decline further as fundamentals are rapidly reasserting themselves, with Hormuz disruptions fading and shipping flows normalizing. The investment banking firm sees Brent Crude Oil sliding further to $60 by the year-end, which is currently near $71.50.<\/p><h3 class=\"fxs_headline_medium\">FIIs turned out to be net buyers on Friday<\/h3><p>On Friday, Foreign Institutional Investors (FIIs) turned out to be net buyers in the Indian stock market after remaining sellers in the previous four trading days. The amount of investment by overseas investors in the Indian equity market was Rs. 1,355.33 crore. The sentiment of foreign investors toward Indian equities appears to be improving ahead of the start of the earnings season of the first quarter of Financial Year (FY) 2026-27.<\/p><p>India\u2019s tech giant Tata Consultancy Services (TCS) will be the first company out of the Nifty50 basket to report its quarterly earnings, which are scheduled for Thursday.<\/p><h3 class=\"fxs_headline_medium\">Technical Analysis: USD\/INR holds Descending Triangle breakout<\/h3><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/chart-screenshot%20-%202026-07-06T121424-1783320286229.294.png\" alt=\"\" loading=\"lazy\"><p>USD\/INR is higher at around 95.42, holding a bullish bias as it sits above the 20-period exponential moving average (EMA) at roughly 94.97 and the breakout of the Descending Triangle pattern.<\/p><p>The Relative Strength Index (RSI) hovers just above the neutral 50 mark near 54, hinting that upside momentum is positive but not overstretched as the pair consolidates after reclaiming these structural levels.<\/p><p>On the downside, immediate support is seen at the 20-period EMA around 94.97, reinforced by the reclaimed trend-line break zone near 94.83, where buyers would be expected to defend the short-term upbias. Below 94.83, the May 7 low at 94.03 will be the key support zone. On the topside, the next notable resistance comes in near the origin of the prevailing downward trend line around 97.11, and a daily close above that barrier would push the pair into uncharted territory.<\/p><p><em>(The technical analysis of this story was written with the help of an AI tool.)<\/em><\/p><div class=\"post-module\"><div id=\"content-module-event-77b6d7a3-e309-4172-962f-fc41c60c561d-85\" data-type=\"event\" data-module=\"event\" data-config-topic=\"77b6d7a3-e309-4172-962f-fc41c60c561d\" data-config-event-id=\"e10a1f69-915d-44b1-ad1d-0b8edf7853f3\" data-config-mode=\"Upcoming\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-event-module-wrapper\">\n    <h2 class=\"fxs-event-module-title\">Economic Indicator<\/h2>\n    <div class=\"fxs-event-module-inner-calendar\">\n        <div class=\"fxs-event-module-calendar-title-description-wrapper\">\n            <h3 class=\"fxs-event-module-calendar-title\">FOMC Minutes<\/h3>\n            <p class=\"fxs-event-module-content\">FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.<br><\/p>\n            \n                <svg width=\"1.3rem\" height=\"1.3rem\" aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" class=\"fxs_icon fa-chart-bar fa-w-16\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 512 512\">\n                    <path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\">\n                    <\/path>\n                <\/svg>\n                <span>Read more.<\/span>\n            \n        <\/div>\n        <div class=\"fxs-event-module-release\">\n            <p>\n                <strong>Next release:<\/strong>\n                <span>Wed Jul 08, 2026 18:00 <\/span>\n            <\/p>\n            <p>\n                <strong>Frequency:<\/strong>\n                <span>Irregular<\/span>\n            <\/p>\n            <p>\n                <strong>Consensus:<\/strong>\n                <span>-<\/span>\n            <\/p>\n            <p>\n                <strong>Previous:<\/strong>\n                <span>-<\/span>\n            <\/p>\n            <p>\n                <strong>Source:<\/strong>\n                \n                    <span>Federal Reserve<\/span>\n                    <svg width=\"13\" height=\"13\" viewbox=\"0 0 13 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                        <path d=\"M12.1484 0.5C12.3359 0.5 12.5 0.664062 12.5 0.851562L12.4766 4.67188C12.4766 4.85938 12.3359 5 12.1484 5H11.375V5.02344C11.1875 5.02344 11.0234 4.85938 11.0234 4.67188L11.0938 2.9375L11.0469 2.89062L4.50781 9.42969C4.46094 9.47656 4.39062 9.52344 4.32031 9.52344C4.22656 9.52344 4.15625 9.47656 4.10938 9.42969L3.57031 8.89062C3.52344 8.84375 3.47656 8.77344 3.47656 8.67969C3.47656 8.60938 3.52344 8.53906 3.57031 8.49219L10.1094 1.95312L10.0625 1.90625L8.32812 1.97656C8.14062 1.97656 8 1.8125 8 1.625V0.851562C8 0.664062 8.14062 0.523438 8.32812 0.523438L12.1484 0.5ZM10.625 7.25C10.8125 7.25 11 7.4375 11 7.625V11.375C11 12.0078 10.4844 12.5 9.875 12.5H1.625C0.992188 12.5 0.5 12.0078 0.5 11.375V3.125C0.5 2.51562 0.992188 2 1.625 2H5.375C5.5625 2 5.75 2.1875 5.75 2.375V2.75C5.75 2.96094 5.5625 3.125 5.375 3.125H1.76562C1.67188 3.125 1.625 3.19531 1.625 3.26562V11.2344C1.625 11.3281 1.67188 11.375 1.76562 11.375H9.73438C9.80469 11.375 9.875 11.3281 9.875 11.2344V7.625C9.875 7.4375 10.0391 7.25 10.25 7.25H10.625Z\" fill=\"#E4871B\"><\/path>\n                    <\/svg>\n                \n            <\/p>\n        <\/div>\n        <div class=\"fxs-event-module-container\">\n            <input type=\"checkbox\" id=\"content-module-event-77b6d7a3-e309-4172-962f-fc41c60c561d-85-accordion0\">\n            <section class=\"fxs-event-module-section\">\n                <h3 class=\"fxs-event-module-header\">\n                    <label for=\"content-module-event-77b6d7a3-e309-4172-962f-fc41c60c561d-85-accordion0\">Why it matters to traders?<\/label>\n                <\/h3>\n                <p class=\"fxs-event-module-content why-matters\">Minutes of the Federal Open Market Committee (FOMC) is usually published three weeks after the day of the policy decision. Investors look for clues regarding the policy outlook in this publication alongside the vote split. A bullish tone is likely to provide a boost to the greenback while a dovish stance is seen as USD-negative. It needs to be noted that the market reaction to FOMC Minutes could be delayed as news outlets don\u2019t have access to the publication before the release, unlike the FOMC\u2019s Policy Statement.<\/p>\n            <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/General-Stocks_3_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jul 06, 14:46 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Equities: Risk tone improves with dovish repricing \u2013 Deutsche Bank<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <p>Deutsche Bank strategists note that the S&amp;P 500 delivered its strongest weekly gain since early May, supported by a softer US payrolls print and a dovish repricing of Fed expectations. They highlight that the STOXX Europe 600 reached a new record with a strong weekly gain, as markets reassessed the likelihood of further European Central Bank tightening.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">US equities rally on softer Fed pricing<\/h2><p>\"Recapping last week now and markets saw a decent risk-on move, with the S&amp;P 500 posting its best weekly performance since early May, with a +1.76% advance.\"<\/p><p>\"So collectively, that meant market pricing for a July hike fell from a 30% chance to 22% over the course of the week.\"<\/p><p>\"Interestingly as well, the dovish repricing failed to prevent a move up in longer-dated yields, with the 10yr Treasury yield up +11.5bps last week to 4.48%, whilst the 10yr German yield rose +8.4bps to 2.93%.\"<\/p><p>\"Over in Europe there was a similar trend, with the STOXX 600 up +2.66% (+0.68% Friday) to a new record. That came as markets grew more doubtful about another ECB rate hike this year, with the latest flash CPI print also surprising on the downside.\"<\/p><p>\"But even though equities did quite well on the whole, there were still clear pockets of weakness, most notably in the chip sector. Indeed, the Philly semiconductor index fell -4.37%, losing ground for a second week running.\"<\/p><p><em>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/em><\/p>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/Commodities_Gold-1_Large.jpg\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jul 06, 11:42 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Gold sticks to modest losses as Hormuz risks bolster USD; lacks bearish conviction<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul><li value=\"1\"><strong>Gold bulls turn cautious as Hormuz risks help revive demand for the safe-haven US Dollar.<\/strong><\/li><li value=\"2\"><strong>Receding Fed rate-hike bets cap any meaningful USD appreciation and support the commodity.<\/strong><\/li><li value=\"3\"><strong>The technical setup, too, favors bulls and backs the case for the emergence of dip-buyers.<\/strong><\/li><\/ul><p>Gold (XAU\/USD) shows some resilience below the $4,150 level and, for now, seems to have stalled &nbsp;its intraday retracement slide from a two-week high, levels just above the $4,200 mark, touched earlier this Monday. The commodity, however, retains its negative bias heading into the European session and, for now, seems to have snapped a three-day winning streak. The US Dollar (USD) attracts some safe-haven flows amid tensions over the Strait of Hormuz and undermines the bullion. However, receding US Federal Reserve (Fed) rate hike bets hold back USD bulls from placing aggressive bets. Furthermore, persistent central bank buying turns out to be another factor lending support to the non-yielding yellow metal.<\/p><p>Despite a fragile US-Iran interim agreement, tensions surrounding the Strait of Hormuz remain elevated as Iran seeks to tighten control over the strategic waterway. In fact, Iran\u2019s ambassador to China said on Saturday that Tehran plans to introduce new service fees for ships passing through the strategically important waterway. The US, however, had rejected the idea of Iran charging vessels for using the strait. This keeps the geopolitical risk premium in play and helps the Greenback to regain positive traction at the start of a new week, which, in turn, is seen undermining the Gold.<\/p><p>Meanwhile, traders trimmed their bets for interest rate hikes by the US Federal Reserve (Fed) in the wake of unimpressive US monthly employment details, released last Thursday, which pointed to softening labor conditions. Furthermore, easing inflation fears in the face of the recent slump in Crude Oil prices could allow the US central bank to adopt a more patient stance, taking the edge off expectations for a prolonged higher-for-longer interest rates. This, in turn, might hold back the USD bulls from placing aggressive bets and limit any meaningful corrective fall in the Gold price.<\/p><p>Meanwhile, a World Gold Council survey highlighted last week that central banks are increasingly turning to Gold as protection against financial crises, inflation, and geopolitical risks. Moreover, almost 90% of respondents expect global central banks' gold reserves to increase over the next year. Adding to this, the latest reserve report published by the European Central Bank (ECB) revealed that Gold has officially overtaken US Treasuries in global reserve allocations. Furthermore, the People's Bank of China (PBoC) added another 320,000 ounces of Gold in May, marking its 19th straight month of increase in its Gold reserves.<\/p><p>Traders now look forward to the US economic docket, featuring the release of ISM Services PMI. Apart from this, speeches from influential FOMC members will drive the USD demand later during the North American session and provide&nbsp;a fresh impetus to the precious metal. Nevertheless, the aforementioned fundamental backdrop suggests that the path of least resistance for Gold is to the upside. Hence, the intraday pullback is likely to be bought into and remain limited, warranting caution before confirming that the recent recovery from the year-to-date low has run out of steam.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">XAU\/USD 4-hour chart<\/h2><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/chart-analysis-1783307190322\" alt=\"Chart Analysis XAU\/USD\" loading=\"lazy\"><h2 class=\"fxs_headline_from_medium_to_large\">Gold could accelerate the corrective decline once 100-SMA on H4 is broken decisively<\/h2><p>Friday's breakout through the 100-period Simple Moving Average (SMA) on the 4-hour chart and a subsequent move beyond the 23.6% Fibonacci retracement level of the April-June fall were seen as key triggers for the XAU\/USD bulls. Moreover, the still-elevated Relative Strength Index (RSI) around 63 and a positive Moving Average Convergence Divergence (MACD) reading hint that upside momentum remains constructive, even as the Gold consolidates just off recent highs.<\/p><p>Hence, weakness below the 23.6% Fibo. level around $4,164 is likely to find support near the 100-period SMA. The latter should provide a floor near $4,147, though a convincing break below would expose the structural low region at $3,940. On the topside, initial resistance is seen at the 38.2% retracement near $4,302, followed by the 50% retracement level at about $4,415 and the 61.8% Fibo. near $4,527. Further up, the 78.6% Fibo. at $4,686 defines the broader bullish extension zone ahead of $4,889, or the April swing high.<\/p><p>(The technical analysis of this story was written with the help of an AI tool.)<\/p><div class=\"post-module\"><div id=\"content-module-faq-Forex-fed-252\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"fed\" data-config-category=\"Forex\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">Fed FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-fed-252accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-fed-252accordion0\">\n                            <span>What does the Federal Reserve do, how does it impact the US Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates.\nWhen prices are rising too quickly and inflation is above the Fed\u2019s 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money.\nWhen inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-fed-252accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-fed-252accordion1\">\n                            <span>How often does the Fed hold monetary policy meetings?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions.\nThe FOMC is attended by twelve Fed officials \u2013 the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-fed-252accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-fed-252accordion2\">\n                            <span>What is Quantitative Easing (QE) and how does it impact USD?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system.\nIt is a non-standard policy measure used during crises or when inflation is extremely low. It was the Fed\u2019s weapon of choice during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy high grade bonds from financial institutions. QE usually weakens the US Dollar.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-fed-252accordion3\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-fed-252accordion3\">\n                            <span>What is Quantitative Tightening (QT) and how does it impact the US Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Quantitative tightening (QT) is the reverse process of QE, whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing, to purchase new bonds. It is usually positive for the value of the US Dollar.<\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/usd-jpy-001_Large.jpg\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jul 06, 14:33 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Japanese Yen: Intervention risks shape Dollar pullback \u2013 MUFG<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <p>MUFG\u2019s Teppei Ino reviews recent USD\/JPY price action, noting the pair opened near 161.78 and briefly tested the 162.84 area before reversing. The report highlights Dollar weakness after comments from Fed Chair Kevin Warsh and a softer US employment report. Despite broad Dollar selling against G10 currencies, the Yen remained relatively weak within this environment.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">Dollar slide and intervention concerns<\/h2><p>\"The USD\/JPY opened the week at 161.78. The pair edged higher from the start of the week, reaching the 162 range around the Tokyo fixing on 30 June.\"<\/p><p>\"The pace then picked up somewhat, and the pair rose to this week's high of 162.84 on 1 July. However, the dollar turned lower during US trading hours that day after Fed Chair Kevin Warsh said inflation risks had receded, pushing the USD\/JPY below 162.50.\"<\/p><p>\"The topside remained heavy on 2 July amid lingering concerns about intervention by the Japanese authorities, and the pair fell sharply around the European open.\"<\/p><p>\"The decline accelerated after the USD\/JPY broke below 162, with the pair then slipping below 161. The USD\/JPY temporarily rebounded to around 161.50, but broad dollar weakness after the US employment report came in below market expectations pushed it down further to a low of 160.64.\"<\/p><p>\"The pair quickly recovered to around 161, and at the time of writing on 3 July was edging higher in the low 161 range.\"<\/p><p><em>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/em><\/p>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/discover-62_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jul 06, 14:31 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">GBP\/USD Price Forecast: Pound dips below 1.3350 with bullish momentum losing steam<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a}<\/style>\n<ul><li value=\"1\"><strong>GBP\/USD eases below 1.3350 on Monday, following a seven-day rally.<\/strong><\/li><li value=\"2\"><strong>Fresh tensions in the Strait of Hormuz have soured market sentiment in an otherwise calm start of the week.<\/strong><\/li><li value=\"3\"><strong>The pair remains trading within a descending channel.<\/strong><\/li><\/ul><p>The British Pound (GBP) ticks lower against the&nbsp; US Dollar (USD) Monday, attempting to close a seven-day rally, as tensions rise again in the Strait of Hormuz, one of the critical points in the peace process between Washington and Tehran. The GBP\/USD pair trades near 1.3340 at the time of writing, down from 1.3387 highs last week, although it maintains a near-term bullish trend intact.<\/p><p>The United Command of Iran\u2019s Armed Forces affirmed in local media that any vessel not following the designated route to cross the key waterway will endanger its security and that US interference in the Strait will be decisively responded to. These threats come after Iran\u2019s ambassador in China, Rahmani Fazli, reaffirmed Tehran\u2019s will to collect fees to vessels crossing Hormuz, in a conference in Beijing last weekend, an idea plainly rejected by the US.<\/p><p>In the macroeconomic calendar, June's S&amp;P Global Construction Purchasing Managers' Index (PMI) will be the only event worth mentioning in the UK calendar. In the US, the ISM Services PMI report and the Federal Reserve (Fed) Governor Christopher Waller\u2019s comments are likely to drive the US Dollar later in the day.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">Technical Analysis: Pound bulls hit resistance at the channel's top<\/h2><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/chart-analysis-1783317920297\" alt=\"Chart Analysis GBP\/USD\" loading=\"lazy\"><p>GBP\/USD trades at 1.3340, keeping a near-term positive bias, although failure to breach the 1.3385 area keeps the broader bearish structure in place. Momentum indicators show easing bullish pressure with the Relative Strength drifting towards the 50 midline and the Moving Average Convergence Divergence (MACD) line crossing below the Signal line, which is a bearish move.<\/p><p>Bulls have been halted at the trendline resistance from late May highs, which meets the price near the June 12 and 16 lows and a few pips below the key 200-day SMA, which lies around 1.3400. This resistance should give way to confirm a trend shift, and set sail for the June 15 high, at 1.3460, and the May 25 and 26 highs, right above the 1.3500 level.<\/p><p>On the downside, Thursday's low, at 1.3268, is likely to provide support ahead of the June 24 low, at 1.3140, and the bottom of the mentioned channel, now around  1.3110. <\/p><p><em>(The technical analysis of this story was written with the help of an AI tool.)<\/em><\/p><div class=\"post-module\"><div id=\"content-module-currencyprices-GBP-756\" data-type=\"currencyprices\" data-module=\"currencyprices\" data-config-topic=\"GBP\" data-config-asset=\"GBP\" data-config-criteria=\"Strongest\" data-config-period=\"Today\" data-config-currencies=\"USD,EUR,GBP,JPY,CAD,AUD,NZD,CHF\" data-config-quotes=\"1.143535:1.142315,1.335055:1.333485,1.16754:1.167365,0.006197:0.006167,0.005419:0.005398,0.004641:0.004624,0.704315:0.70358,0.6159:0.61592,0.5274:0.52762,113.6485:114.108,0.693965:0.69305,0.60696:0.6067,0.5196:0.51973,111.987:112.3975,0.985105:0.984995,0.57105:0.568395,0.4994:0.4975,0.42777:0.4262,92.132:92.1805,0.8108:0.80783,0.82309:0.82014,1.24449:1.241734,1.088317:1.087045,0.932305:0.93119,200.9485:201.3815,1.76761:1.764875,1.794045:1.791697,2.17944:2.18467\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-major-currency-prices-wrapper\">\n    <h2 class=\"fxs-major-currency-prices-title\">Pound Sterling Price Today<\/h2>\n    <p class=\"fxs-major-currency-prices-content\">The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the New Zealand Dollar.<\/p>\n    <table class=\"fxs-major-currency-prices-currency-prices-table\" border=\"1\">\n        <thead>\n        <tr>\n            <th><\/th>\n                <th>USD<\/th>\n                <th>EUR<\/th>\n                <th>GBP<\/th>\n                <th>JPY<\/th>\n                <th>CAD<\/th>\n                <th>AUD<\/th>\n                <th>NZD<\/th>\n                <th>CHF<\/th>\n        <\/tr>\n        <\/thead>\n        <tbody>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>USD<\/th>\n                        <td><\/td>\n                        <td class=\"light-green\">0.11%<\/td>\n                        <td class=\"light-green\">0.12%<\/td>\n                        <td class=\"light-green\">0.49%<\/td>\n                        <td class=\"light-green\">0.10%<\/td>\n                        <td class=\"light-green\">0.13%<\/td>\n                        <td class=\"light-green\">0.47%<\/td>\n                        <td class=\"light-green\">0.22%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>EUR<\/th>\n                        <td class=\"light-red\">-0.11%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.01%<\/td>\n                        <td class=\"light-green\">0.39%<\/td>\n                        <td class=\"light-red\">-0.00%<\/td>\n                        <td class=\"light-green\">0.04%<\/td>\n                        <td class=\"light-green\">0.38%<\/td>\n                        <td class=\"light-green\">0.12%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>GBP<\/th>\n                        <td class=\"light-red\">-0.12%<\/td>\n                        <td class=\"light-red\">-0.01%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.37%<\/td>\n                        <td class=\"light-red\">-0.04%<\/td>\n                        <td class=\"light-red\">-0.03%<\/td>\n                        <td class=\"light-green\">0.37%<\/td>\n                        <td class=\"light-green\">0.12%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>JPY<\/th>\n                        <td class=\"light-red\">-0.49%<\/td>\n                        <td class=\"light-red\">-0.39%<\/td>\n                        <td class=\"light-red\">-0.37%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.40%<\/td>\n                        <td class=\"light-red\">-0.37%<\/td>\n                        <td class=\"light-red\">-0.05%<\/td>\n                        <td class=\"light-red\">-0.22%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CAD<\/th>\n                        <td class=\"light-red\">-0.10%<\/td>\n                        <td class=\"gray\">0.00%<\/td>\n                        <td class=\"light-green\">0.04%<\/td>\n                        <td class=\"light-green\">0.40%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.01%<\/td>\n                        <td class=\"light-green\">0.37%<\/td>\n                        <td class=\"light-green\">0.15%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>AUD<\/th>\n                        <td class=\"light-red\">-0.13%<\/td>\n                        <td class=\"light-red\">-0.04%<\/td>\n                        <td class=\"light-green\">0.03%<\/td>\n                        <td class=\"light-green\">0.37%<\/td>\n                        <td class=\"light-red\">-0.01%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.36%<\/td>\n                        <td class=\"light-green\">0.13%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>NZD<\/th>\n                        <td class=\"light-red\">-0.47%<\/td>\n                        <td class=\"light-red\">-0.38%<\/td>\n                        <td class=\"light-red\">-0.37%<\/td>\n                        <td class=\"light-green\">0.05%<\/td>\n                        <td class=\"light-red\">-0.37%<\/td>\n                        <td class=\"light-red\">-0.36%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.24%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CHF<\/th>\n                        <td class=\"light-red\">-0.22%<\/td>\n                        <td class=\"light-red\">-0.12%<\/td>\n                        <td class=\"light-red\">-0.12%<\/td>\n                        <td class=\"light-green\">0.22%<\/td>\n                        <td class=\"light-red\">-0.15%<\/td>\n                        <td class=\"light-red\">-0.13%<\/td>\n                        <td class=\"light-green\">0.24%<\/td>\n                        <td><\/td>\n            <\/tr>\n        <\/tbody>\n    <\/table>\n    <p class=\"fxs-major-currency-prices-currency-prices-legend\">The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)\/USD (quote).<\/p>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/CHF-bearish-animal_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jul 06, 14:30 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Swiss Franc declines as US Dollar rebounds, eyes on US Services PMI<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price 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0;background-color:#fff;border:none;position:relative;padding-right:32px}.fxs-event-module-header label{cursor:pointer;display:block}.fxs-event-module-header label:after,.fxs-event-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-event-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-event-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-event-module-container input[type=checkbox]{display:none}.fxs-event-module-container input[type=checkbox]:checked+.fxs-event-module-section .fxs-event-module-header label:after{transform:rotate(45deg) translateX(4px)}.fxs-event-module-container input[type=checkbox]:checked+.fxs-event-module-section .fxs-event-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-event-module-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0;margin-top:8px}.fxs-event-module-content.why-matters{max-height:0;overflow:hidden;transition:all .3s ease-in-out}.fxs-event-module-container input[type=checkbox]:checked+.fxs-event-module-section .fxs-event-module-content.why-matters{max-height:1000px;margin-top:8px}.fxs-event-module-calendar-title{color:#1b1c23;font-size:17.6px;font-family:Roboto;font-style:normal;font-weight:700;line-height:20.8px;margin:4px 0 0 0}.fxs-event-module-calendar-title-description-wrapper{display:flex;flex-direction:column;gap:12px;border-bottom:1px solid #ececf1;padding-bottom:16px;margin-bottom:16px}.fxs-event-module-inner-calendar{padding:16px}.fxs-event-module-inner-calendar .fxs-event-module-section{padding:0}.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:12.8px;line-height:17px}.fxs-event-module-read-more{display:flex;align-items:center;align-content:center;gap:4px;color:#e4871b;font-size:12.8px;font-family:Roboto;font-style:normal;font-weight:700;line-height:17px;text-decoration:none}.fxs-event-module-read-more svg{width:16px;height:16px}.fxs-event-module-read-more:hover span{text-decoration:underline}.fxs-event-module-release{margin:0;display:flex;flex-direction:column;gap:2px}.fxs-event-module-release>p{font-size:12.8px;font-family:Roboto;font-style:normal;line-height:17px;margin:0}.fxs-event-module-release>p>strong{color:#8c8d91;font-weight:700}.fxs-event-module-release>p>span{color:#8c8d91;font-weight:400}.fxs-event-module-release>p>a{color:#e4871b;font-weight:700;text-decoration:none}.fxs-event-module-release>p>a:hover>span{text-decoration:underline}.fxs-event-module-inner-calendar .fxs-event-module-container{margin:16px 0 0 0;border-top:1px solid #ececf1;padding:12px 0 0 0}@media (min-width:680px){.fxs-event-module-inner-calendar .fxs-event-module-header{font-size:14.72px;line-height:20px}.fxs-event-module-release p{font-size:14.72px;line-height:20px}.fxs-event-module-read-more{font-size:14.72px;line-height:20px}.fxs-event-module-calendar-title{font-size:22.4px;line-height:25.6px}.fxs-event-module-title{font-size:19.2px;line-height:27.2px}.fxs-event-module-header{font-size:19.2px;line-height:25.92px}.fxs-event-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul><li value=\"1\"><strong>Swiss Franc underperforms the US Dollar as the latter regains ground.<\/strong><\/li><li value=\"2\"><strong>The US Dollar rebounds even as Fed interest rate hike prospects have slightly eased.<\/strong><\/li><li value=\"3\"><strong>Investors await the Swiss Unemployment Rate and the US ISM Services PMI for June.<\/strong><\/li><\/ul><p>The Swiss Franc (CHF) faces selling pressure against the US Dollar (USD) at the start of the week. The USD\/CHF pair is down 0.25% to near 0.8055 during the European trading session as the US Dollar rebounds despite traders reconsidering Federal Reserve (Fed) interest rate hike expectations.<\/p><p>At press time, the US Dollar Index (DXY), which gauges the Greenback\u2019s value against six major currencies, trades 0.15% higher at around 101.00.<\/p><div class=\"post-module\"><div id=\"content-module-currencyprices-USD-123\" data-type=\"currencyprices\" data-module=\"currencyprices\" data-config-topic=\"USD\" data-config-asset=\"USD\" data-config-criteria=\"Strongest\" data-config-period=\"Today\" data-config-currencies=\"USD,EUR,GBP,JPY,CAD,AUD,NZD,CHF\" data-config-quotes=\"1.143535:1.14227,1.335055:1.333305,1.16754:1.167245,0.006197:0.006166,0.005419:0.005398,0.004641:0.004625,0.704315:0.70358,0.6159:0.61595,0.5274:0.5277,113.6485:114.124,0.693965:0.69297,0.60696:0.60666,0.5196:0.51974,111.987:112.3945,0.985105:0.984845,0.57105:0.56832,0.4994:0.497545,0.42777:0.42625,92.132:92.1795,0.8108:0.80772,0.82309:0.82012,1.24449:1.241626,1.088317:1.086986,0.932305:0.93125,200.9485:201.385,1.76761:1.764556,1.794045:1.791762,2.17944:2.18475\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-major-currency-prices-wrapper\">\n    <h2 class=\"fxs-major-currency-prices-title\">US Dollar Price Today<\/h2>\n    <p class=\"fxs-major-currency-prices-content\">The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.<\/p>\n    <table class=\"fxs-major-currency-prices-currency-prices-table\" border=\"1\">\n        <thead>\n        <tr>\n            <th><\/th>\n                <th>USD<\/th>\n                <th>EUR<\/th>\n                <th>GBP<\/th>\n                <th>JPY<\/th>\n                <th>CAD<\/th>\n                <th>AUD<\/th>\n                <th>NZD<\/th>\n                <th>CHF<\/th>\n        <\/tr>\n        <\/thead>\n        <tbody>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>USD<\/th>\n                        <td><\/td>\n                        <td class=\"light-green\">0.11%<\/td>\n                        <td class=\"light-green\">0.13%<\/td>\n                        <td class=\"light-green\">0.50%<\/td>\n                        <td class=\"light-green\">0.10%<\/td>\n                        <td class=\"light-green\">0.14%<\/td>\n                        <td class=\"light-green\">0.48%<\/td>\n                        <td class=\"light-green\">0.23%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>EUR<\/th>\n                        <td class=\"light-red\">-0.11%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.03%<\/td>\n                        <td class=\"light-green\">0.39%<\/td>\n                        <td class=\"light-red\">-0.01%<\/td>\n                        <td class=\"light-green\">0.05%<\/td>\n                        <td class=\"light-green\">0.37%<\/td>\n                        <td class=\"light-green\">0.12%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>GBP<\/th>\n                        <td class=\"light-red\">-0.13%<\/td>\n                        <td class=\"light-red\">-0.03%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.35%<\/td>\n                        <td class=\"light-red\">-0.06%<\/td>\n                        <td class=\"light-red\">-0.03%<\/td>\n                        <td class=\"light-green\">0.36%<\/td>\n                        <td class=\"light-green\">0.11%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>JPY<\/th>\n                        <td class=\"light-red\">-0.50%<\/td>\n                        <td class=\"light-red\">-0.39%<\/td>\n                        <td class=\"light-red\">-0.35%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.42%<\/td>\n                        <td class=\"light-red\">-0.36%<\/td>\n                        <td class=\"light-red\">-0.05%<\/td>\n                        <td class=\"light-red\">-0.22%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CAD<\/th>\n                        <td class=\"light-red\">-0.10%<\/td>\n                        <td class=\"gray\">0.00%<\/td>\n                        <td class=\"light-green\">0.06%<\/td>\n                        <td class=\"light-green\">0.42%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.03%<\/td>\n                        <td class=\"light-green\">0.38%<\/td>\n                        <td class=\"light-green\">0.17%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>AUD<\/th>\n                        <td class=\"light-red\">-0.14%<\/td>\n                        <td class=\"light-red\">-0.05%<\/td>\n                        <td class=\"light-green\">0.03%<\/td>\n                        <td class=\"light-green\">0.36%<\/td>\n                        <td class=\"light-red\">-0.03%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.36%<\/td>\n                        <td class=\"light-green\">0.13%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>NZD<\/th>\n                        <td class=\"light-red\">-0.48%<\/td>\n                        <td class=\"light-red\">-0.37%<\/td>\n                        <td class=\"light-red\">-0.36%<\/td>\n                        <td class=\"light-green\">0.05%<\/td>\n                        <td class=\"light-red\">-0.38%<\/td>\n                        <td class=\"light-red\">-0.36%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.24%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CHF<\/th>\n                        <td class=\"light-red\">-0.23%<\/td>\n                        <td class=\"light-red\">-0.12%<\/td>\n                        <td class=\"light-red\">-0.11%<\/td>\n                        <td class=\"light-green\">0.22%<\/td>\n                        <td class=\"light-red\">-0.17%<\/td>\n                        <td class=\"light-red\">-0.13%<\/td>\n                        <td class=\"light-green\">0.24%<\/td>\n                        <td><\/td>\n            <\/tr>\n        <\/tbody>\n    <\/table>\n    <p class=\"fxs-major-currency-prices-currency-prices-legend\">The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)\/JPY (quote).<\/p>\n<\/div><\/div><p>According to the CME FedWatch tool, the odds of the Fed delivering at least one interest rate hike by the end of September are 53.2%, down from 59.4% seen a week ago.<\/p><p>Traders have slightly trimmed hawkish Fed bets as the United States (US) Nonfarm Payrolls (NFP) data on Thursday showed new jobs created in June were fewer than expected.<\/p><p>For fresh cues regarding the US interest rate outlook, investors await the Federal Open Market Committee (FOMC) Minutes of the June policy meeting, which will be released on Wednesday.<\/p><p>In Monday\u2019s session, investors will focus on the US ISM Services Purchasing Managers\u2019 Index (PMI) data for June, which will be published at 14:00 GMT. The Services PMI is expected to arrive at 54.2, lower than 54.5 in May.<\/p><p>On the Swiss Franc (CHF) front, investors await Swiss jobless data for June, which will be published at 08:00 GMT. The Unemployment Rate is expected to have remained steady at 3%.<\/p><p>&nbsp;<\/p><div class=\"post-module\"><div id=\"content-module-event-fc652edc-28c2-4fe3-93ab-ef56438b81b0-795\" data-type=\"event\" data-module=\"event\" data-config-topic=\"fc652edc-28c2-4fe3-93ab-ef56438b81b0\" data-config-event-id=\"6c5853c1-a409-4722-bdea-17ad5d8a193f\" data-config-mode=\"Upcoming\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-event-module-wrapper\">\n    <h2 class=\"fxs-event-module-title\">Economic Indicator<\/h2>\n    <div class=\"fxs-event-module-inner-calendar\">\n        <div class=\"fxs-event-module-calendar-title-description-wrapper\">\n            <h3 class=\"fxs-event-module-calendar-title\">ISM Services PMI<\/h3>\n            <p class=\"fxs-event-module-content\">The Institute for Supply Management (ISM) Services Purchasing Managers Index (PMI), released on a monthly basis, is a leading indicator gauging business activity in the US services sector, which makes up most of the economy. The indicator is obtained from a survey of supply executives across the US based on information they have collected within their respective organizations. Survey responses reflect the change, if any, in the current month compared to the previous month. A reading above 50 indicates that the services economy is generally expanding, a bullish sign for the US Dollar (USD). A reading below 50 signals that services sector activity is generally declining, which is seen as bearish for USD.<\/p>\n            \n                <svg width=\"1.3rem\" height=\"1.3rem\" aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" class=\"fxs_icon fa-chart-bar fa-w-16\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 512 512\">\n                    <path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\">\n                    <\/path>\n                <\/svg>\n                <span>Read more.<\/span>\n            \n        <\/div>\n        <div class=\"fxs-event-module-release\">\n            <p>\n                <strong>Next release:<\/strong>\n                <span>Mon Jul 06, 2026 14:00 <\/span>\n            <\/p>\n            <p>\n                <strong>Frequency:<\/strong>\n                <span>Monthly<\/span>\n            <\/p>\n            <p>\n                <strong>Consensus:<\/strong>\n                <span>54.2<\/span>\n            <\/p>\n            <p>\n                <strong>Previous:<\/strong>\n                <span>54.5<\/span>\n            <\/p>\n            <p>\n                <strong>Source:<\/strong>\n                \n                    <span>Institute for Supply Management<\/span>\n                    <svg width=\"13\" height=\"13\" viewbox=\"0 0 13 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                        <path d=\"M12.1484 0.5C12.3359 0.5 12.5 0.664062 12.5 0.851562L12.4766 4.67188C12.4766 4.85938 12.3359 5 12.1484 5H11.375V5.02344C11.1875 5.02344 11.0234 4.85938 11.0234 4.67188L11.0938 2.9375L11.0469 2.89062L4.50781 9.42969C4.46094 9.47656 4.39062 9.52344 4.32031 9.52344C4.22656 9.52344 4.15625 9.47656 4.10938 9.42969L3.57031 8.89062C3.52344 8.84375 3.47656 8.77344 3.47656 8.67969C3.47656 8.60938 3.52344 8.53906 3.57031 8.49219L10.1094 1.95312L10.0625 1.90625L8.32812 1.97656C8.14062 1.97656 8 1.8125 8 1.625V0.851562C8 0.664062 8.14062 0.523438 8.32812 0.523438L12.1484 0.5ZM10.625 7.25C10.8125 7.25 11 7.4375 11 7.625V11.375C11 12.0078 10.4844 12.5 9.875 12.5H1.625C0.992188 12.5 0.5 12.0078 0.5 11.375V3.125C0.5 2.51562 0.992188 2 1.625 2H5.375C5.5625 2 5.75 2.1875 5.75 2.375V2.75C5.75 2.96094 5.5625 3.125 5.375 3.125H1.76562C1.67188 3.125 1.625 3.19531 1.625 3.26562V11.2344C1.625 11.3281 1.67188 11.375 1.76562 11.375H9.73438C9.80469 11.375 9.875 11.3281 9.875 11.2344V7.625C9.875 7.4375 10.0391 7.25 10.25 7.25H10.625Z\" fill=\"#E4871B\"><\/path>\n                    <\/svg>\n                \n            <\/p>\n        <\/div>\n        <div class=\"fxs-event-module-container\">\n            <input type=\"checkbox\" id=\"content-module-event-fc652edc-28c2-4fe3-93ab-ef56438b81b0-796-accordion0\">\n            <section class=\"fxs-event-module-section\">\n                <h3 class=\"fxs-event-module-header\">\n                    <label for=\"content-module-event-fc652edc-28c2-4fe3-93ab-ef56438b81b0-796-accordion0\">Why it matters to traders?<\/label>\n                <\/h3>\n                <p class=\"fxs-event-module-content why-matters\">The Institute for Supply Management\u2019s (ISM) Services Purchasing Managers Index (PMI) reveals the current conditions in the US service sector, which has historically been a large GDP contributor. A print above 50 shows expansion in the service sector\u2019s economic activity. Stronger-than-expected readings usually help the USD gather strength against its rivals. In addition to the headline PMI, the Employment Index and the Prices Paid Index numbers are also watched closely by investors as they provide useful insights regarding the state of the labour market and inflation.<\/p>\n            <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div><p><br><\/p>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/discover-38_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jul 06, 14:24 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">British Pound: Overbought rally still eyeing 1.3410 against US Dollar \u2013 UOB<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <p>United Overseas Bank\u2019s (UOB) Quek Ser Leang notes GBP\/USD remains elevated after last week\u2019s surge, with scope for a modest pullback confined to 1.3320\u20131.3375 intraday and limited risk of a clear break below 1.3320. Over 1\u20133 weeks, the bank stays positive, seeing potential for a test of 1.3410 while treating 1.3280 as strong support within a broader range-trading monthly outlook.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">Pound advance seen extending cautiously<\/h2><p>\"24-HOUR VIEW: Last Thursday, GBP surged to 1.3385 and then pulled back. On Friday, we pointed out that \u201cthe strong advance appears to be overstretched, but there is still a chance for GBP to retest 1.3385 before the risk of a more sustained and sizeable pullback increases.\u201d We added, \u201c1.3410 is unlikely to come into view.\u201d GBP then rose to 1.3380 before pulling back to close at 1.3353 (+0.04%). While there is scope for GBP to pull back further, any decline is likely to be contained within a 1.3320\/1.3375 range. In other words, GBP is unlikely to break clearly below 1.3320.\"<\/p><p>\"1-3 WEEKS VIEW: We turned positive on GBP last Tuesday (30 Jun, spot at 1.3255), indicating that \u201cwhile GBP could rebound further, it is currently unclear whether any advance can reach 1.3355.\u201d After GBP broke above 1.3355, we highlighted on Friday (03 Jul, spot at 1.3345) that \u201cthe advance is overbought, but it could rise further and test 1.3410.\u201d There is no change in our view. Overall, only a breach of 1.3280 (\u2018strong support\u2019 previously at 1.3265) would indicate that GBP is not rising further.\"<\/p><p><em>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/em><\/p>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/eur-usd-002_Large.jpg\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Jul 06, 14:15 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Euro: ECB support offsets Dollar strength \u2013 Commerzbank<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <p>Commerzbank\u2019s Michael Pfister argues that recent EUR\/USD weakness reflects a stronger US Dollar (USD) rather than a fundamentally weak Euro (EUR), as the Euro has outperformed the G10 average. He highlights that softer expectations for European Central Bank (ECB) tightening versus a more hawkish Fed have widened rate differentials. However, the ECB\u2019s proactive June hike and an anticipated September move are seen as supportive for the Euro over the coming months.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">ECB front-loading underpins Euro resilience<\/h2><p>\"The reason for lower EUR\/USD levels is quite straightforward: expectations regarding the ECB have eased significantly in the wake of lower oil prices, while expectations regarding the Fed have moved in the opposite direction in light of hawkish comments.\"<\/p><p>\"Expectations regarding the ECB have also been scaled back.\"<\/p><p>\"Our economists strongly anticipate a further interest rate hike from the ECB in September.\"<\/p><p>\"With only 21 basis points of tightening priced in by December, this is likely to provide some support for the euro.\"<\/p><p>\"In the long term, however, the fact that the ECB tightened policy so early on is likely to send a strong signal.\"<\/p><p><em>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/em><\/p>          <\/div>\n        <\/div>\n      <\/div>\n  <div class=\"latest-news__pagination\">\n    <div><a class=\"latest-news__page active\" href=\"?nav=1\">1<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=2\">2<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=3\">3<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=4\">4<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=5\">5<\/a><\/div>  <\/div>\n<\/section>\n<script>\n  let acc = document.getElementsByClassName(\"js-accordion\");\n  let i;\n\n  for (i = 0; i < acc.length; i++) {\n    acc[i].addEventListener(\"click\", function() {\n      this.classList.toggle(\"is-active\");\n\t  const parent = this.closest('.js-news-item')\n      const panel = parent.querySelector('.js-news-content')\n      parent.classList.toggle(\"is-active\");\n      if (panel.style.display === \"block\") {\n        panel.style.display = \"none\";\n      } else {\n        panel.style.display = \"block\";\n      }\n    });\n  }\n\t\n  function handleAccordionInContents() {\n\t  const dataAccordions = jQuery(\".latest-news__content.is-cn .fxs-content-module-header\")\n\t  dataAccordions.each(function() {\n\t\t  const $this = jQuery(this)\n\t\t  let isExpanded = $this.parent().attr('expanded')\n\t\t  if(typeof isExpanded !== 'undefined' && isExpanded !== false) {\n\t\t\t  $this.addClass('show')\n\t\t\t  $this.parent().addClass('show')\n\t\t  }\n\t  })\n\t  dataAccordions.on(\"click\", function(e) {\n\t\t  const $this = jQuery(this)\n\t\t  const content = $this.next()\n\t\t  if($this.hasClass('show')) {\n\t\t\t  content.slideUp(300, function() {\n\t\t\t\t  $this.removeClass('show')\n\t\t\t  \t  $this.parent().removeClass('show')\n\t\t\t  })\n\t\t  } else {\n\t\t\t  content.css(\"opacity\", 0)\n\t\t\t  \t.slideDown(300)\n\t\t\t  \t.animate(\n\t\t\t\t\t{ opacity: 1 },\n\t\t\t\t\t{ queue: false, duration: 300 }\n\t\t\t\t  );\n\t\t\t  $this.addClass('show')\n\t\t\t  $this.parent().addClass('show')\n\t\t\t  \n\t\t  }\n\t  })\n  }\n\t\n\t\n\tjQuery(document).ready(function() {\n\t\thandleAccordionInContents()\n\t})\n<\/script>\n\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e823cf5 e-flex e-con-boxed e-con\" data-id=\"e823cf5\" data-element_type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-741da53 elementor-widget elementor-widget-heading\" data-id=\"741da53\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Forex Market News<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-874732b elementor-widget elementor-widget-text-editor\" data-id=\"874732b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Our dedicated focus on forex news and insights empowers you to capitalise on investment opportunities in the dynamic FX market. The forex landscape is ever-evolving, characterised by continuous exchange rate fluctuations shaped by vast influential factors. From economic data releases to geopolitical developments, these events can sway market sentiment and drive substantial movements in currency valuations.<\/p><p>At Rakuten Securities Hong Kong, we prioritise delivering timely and accurate forex news updates sourced from reputable platforms like FXStreet. This ensures you stay informed about crucial market developments, enabling informed decision-making and proactive strategy adjustments. Whether you&#8217;re monitoring forex forecasts, analysing trading perspectives, or seeking to capitalise on emerging trends, our comprehensive approach equips you with the insights needed to navigate the FX market effectively.<\/p><p>Stay ahead with our comprehensive forex news coverage, designed to keep you informed and prepared to seize profitable opportunities in the dynamic world of forex trading.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>HOME Forex News News source: FXStreet Forex Market News Our dedicated focus on forex news and insights empowers you to capitalise on investment opportunities in the dynamic FX market. The forex landscape is ever-evolving, characterised by continuous exchange rate fluctuations shaped by vast influential factors. From economic data releases to geopolitical developments, these events can [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":273,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_jet_sm_ready_style":"","_jet_sm_style":"","_jet_sm_controls_values":"","_jet_sm_fonts_collection":"","_jet_sm_fonts_links":"","_links_to":"","_links_to_target":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Forex News | FX Forecast - Rakuten Securities HK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sec.rakuten.com.hk\/en\/insight\/forex-news\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forex News | FX Forecast - Rakuten Securities HK\" \/>\n<meta property=\"og:description\" content=\"HOME Forex News News source: FXStreet Forex Market News Our dedicated focus on forex news and insights empowers you to capitalise on investment opportunities in the dynamic FX market. 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The forex landscape is ever-evolving, characterised by continuous exchange rate fluctuations shaped by vast influential factors. 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