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The USD/CAD outlook is positive amid dollar’s safe-haven demand. Escalating Iran-Israel conflict and rising oil prices support the pair. Diverging economic outlook limits the gains. The USD/CAD outlook gains traction on Monday, posting fifth consecutive winning streak on Monday. The pair moved above the mid-1.3700 area on Monday ahead of European session. The price opened with a significant gap up, following escalated tension in the Middle East that boosted demand for the safe-haven US dollar. –Are you interested in learning more about next cryptocurrency to explode? Check our detailed guide-  The surge came after a dramatic turn in the Israel-Iran…

EUR/GBP strengthens to around 0.8570 in Monday’s early European session.Weaker-than-expected UK Retail Sales continue to undermine the Pound Sterling and create a tailwind for the cross. The ECB signaled a pause in rate cuts despite low inflation. The EUR/GBP cross trades in positive territory near 0.8570 during the early European trading hours on Monday. The Pound Sterling (GBP) weakens against the Euro (EUR) as UK Retail Sales declined more than expected in May. Traders will keep an eye on the preliminary reading of the Purchasing Managers Index (PMI) for June from the Eurozone and the United Kingdom, which will be released later…

The Australian Dollar depreciates as market sentiment weakens following US attacks on Iran’s three nuclear facilities.Australia’s Services PMI improved to 51.3 in June from 50.6 prior, while the Composite PMI increased to 51.2 from 50.5.Fed Governor Christopher Waller said that the US central bank could start cutting interest rates as soon as next month.The Australian Dollar (AUD) depreciated against the US Dollar (USD) on Monday, extending its losses for the third successive session. The AUD/USD pair remains weaker amid dampened risk sentiment, driven by the escalating Middle East tension.US President Donald Trump announced late Saturday that he had “obliterated” Iran’s…

Rupee declined 17 paise to 86.72 against the US dollar in early trade on Monday as global crude oil prices surged following the US’s attack on three nuclear facilities in Iran.A strengthening dollar and weak domestic equity markets put further pressure on the local unit, according to forex traders.However, an increase in FII inflows and a rise in the country’s forex reserves prevented further losses in the local currency, they said.Brent crude, the global oil benchmark, rose 2 per cent to $77.27 per barrel in futures trade, while the dollar index, which gauges the greenback’s strength against a basket of…

However, a sharp depreciation in the rupee is unlikely, as the RBI’s robust $699 billion forex reserves and an import cover of 11.5 months provide ample firepower to intervene and curb any excess depreciation. | Photo Credit: Andrii Sedykh The rupee and government securities (G-Secs) markets on Monday are expected to feel the ripple impact of the US strikes on Iran amidst the ongoing war between Israel and Iran. The rupee could open weaker on Monday vis-a-vis previous close of 86.5850 per US dollar. However, the Reserve Bank of India (RBI) is likely to intervene in the market to steady…

India’s forex reserves hit $698.950 billion, nearing all-time high, with significant gold holdings and strategic RBI interventions. | Photo Credit: Baskar B 4727@Chennai India’s foreign exchange reserves (forex) extended their gains, jumping $2.294 billion to $698.950 billion in the week ending June 13, official data released by the Reserve Bank of India (RBI) showed.At the latest monetary policy meet, RBI Governor Sanjay Malhotra said the foreign exchange kitty was sufficient to meet 11 months of the country’s imports and about 96 per cent of external debt. With this weekly jump, the forex kitty is close to its all-time high of…

EUR/USD up 0.36%, set to end week flat after Trump delays military action against Iran.Waller’s call for a July cut contrasts with Fed report and Barkin’s cautious stance.EU–US trade deal in jeopardy as July 9 deadline nears, capping upside potential.The Euro recovers some ground against the US Dollar on Friday and is set to finish the week virtually flat as risk appetite deteriorates. This is taking place despite US President Donald Trump delaying a military intervention in the Israel–Iran conflict. At the time of writing, the EUR/USD trades at 1.1534, up 0.36%.Market appetite has turned negative due to US trade…

Gold trades flat near $3,369, on track for a weekly loss of nearly 1.90%.Trump backs off immediate Iran action, boosting risk sentiment and denting safe-haven demand.Fed officials split on rate outlook; Waller eyes July cut, Barkin stays cautious.Gold price trades flat on Friday and is poised to end the week with a nearly 1.90% loss, after US President Donald Trump delayed taking military action against Iran, opting instead for a diplomatic solution. At the time of writing, XAU/USD trades at $3,369, down 0.11%.Sentiment turned sour outside of geopolitical events, related to “US may revoke waivers for allies with semiconductor plants…

21 of 26 economists forecast Banxico will cut rates from 8.50% to 8.00% next week.Deputy Governor Heath signals caution, favoring a pause to assess data.Majority see easing pace slowing, with rates likely at 7.50% by Q3 2025.Banco de México (Banxico) is projected to continue its easing cycle next week, despite the latest inflation reports in Mexico suggesting that risks are tilted to the upside. Inflation in May came above the bank’s 3% target, increasing concerns that the central bank would continue to reduce rates.Most economists expect a fourth straight 50 bps cut, though calls grow for a slower pace aheadOn…

The Dow Jones treaded water on Friday following a late-week holiday closure.Major equity indexes are awaiting key US economic data next week.Fed rate cut expectations are creeping back to the forefront.The Dow Jones Industrial Average (DJIA) held steady on Friday, sticking to chart territory just above the 42,000 major price handle. US equities are increasingly pivoting toward Federal Reserve (Fed) rate cut expectations, and a series of key US data releases next week will draw increased investor attention.Coming up next week: PMIs, Fedspeak, PCE inflationThe next batch of S&P Global Purchasing Managers Index (PMI) figures will kick things off next…