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Canadian Dollar Firms as Improved Risk Sentiment Pressures USD/CAD

June 18, 2026 6:17 am
Key Moments USD/CAD trades near 1.4100 in Asian hours on Thursday after slipping following five consecutive daily advances. A BBC report on a preliminary US-Iran memorandum of understanding weighs on safe-haven demand for the US Dollar. Expectations for further Federal Reserve rate hikes and firm WTI prices around $75.10 per barrel offer mixed forces for […] Read more

PBOC Nudges Yuan Reference Rate Higher Against the Dollar

June 18, 2026 6:13 am
Key Moments The People’s Bank of China set the USD/CNY central parity rate at 6.8130 for Thursday’s session. The new fixing compared with the previous day’s central rate of 6.8096. The official fixing differed from a 6.7752 reference level cited as a Reuters estimate. Updated USD/CNY Central Parity Fix On Thursday, the People’s Bank of […] Read more

Crypto Markets Lose Steam Ahead of Fed Policy Verdict

June 17, 2026 1:21 pm
Key Moments Bitcoin (BTC) trades near $65,000 after pulling back from a Monday peak of $67,292, with Ethereum (ETH) and XRP sliding in tandem. Investors price in a near-100% probability that the FOMC will keep rates in the 3.50%-3.75% band at Kevin Warsh’s first decision as Fed Chair. Spot ETFs for Bitcoin, Ethereum, and XRP […] Read more

USD/JPY confined in tight range ahead of Fed policy call

June 17, 2026 12:18 pm
The USD/JPY currency pair held within a tight daily range on Wednesday ahead of the outcome of the Federal Reserve’s policy meeting and after the BoJ’s verdict. The Fed is largely expected to leave its federal funds rate target range intact at 3.50%-3.75% at its June 16th-17th meeting, following three successive rate cuts last year. […] Read more

USD/CHF hovers above 2-week low ahead of Fed and SNB

June 17, 2026 10:15 am
The USD/CHF currency pair hovered above a 2-week low of 0.7910 on Wednesday ahead of the outcome of the Federal Reserve’s and the Swiss National Bank’s policy meetings. The Fed is largely expected to leave its federal funds rate target range intact at 3.50%-3.75% at its June 16th-17th meeting, following three successive rate cuts last […] Read more

Pound Falls as UK Inflation Misses and Rate Hopes Fade

June 17, 2026 9:12 am
Key Moments GBP/USD weakened to a weekly low of 1.3410 after the latest UK inflation release. UK headline CPI held at 2.8% YoY in May, while monthly CPI slowed to 0.2%, below the 0.4% consensus and April’s 0.7% reading. FX markets remained range-bound as traders focused on the upcoming FOMC decision under new Chair Kevin […] Read more

Euro Gains vs Pound as UK Inflation Data Pressures Sterling

June 17, 2026 9:05 am
Key Moments EUR/GBP trades near 0.8650 in early European dealings on Wednesday as the Euro outperforms the Pound. UK headline CPI rose 2.8% YoY in May, while core CPI increased 2.6% YoY, missing the 2.7% forecast. Markets focus shifts to upcoming UK labor data and the Bank of England rate decision, with rates expected to […] Read more

Meme Tokens Test Key Levels as PEPE Leads DOGE, SHIB

June 17, 2026 8:29 am
Key Moments Dogecoin (DOGE) attempts to clear resistance at $0.088, a level that previously capped gains on Monday. Shiba Inu (SHIB) trades around $0.0000050 after stalling at a key ceiling, with potential downside toward $0.0000043 if selling resumes. Pepe (PEPE) extends its advance for a sixth straight session, holding above $0.0000029 and eyeing resistance at […] Read more

Yen Firms vs Dollar as Markets Eye Fed and BoJ Hike

June 17, 2026 8:27 am
Key Moments USD/JPY traded near 160.25 in early European hours on Wednesday. However, the pair moved lower as investors turned cautious. The Federal Reserve is expected to keep rates unchanged at 3.50%–3.75%. Markets focus on guidance from Chair Kevin Warsh. The Bank of Japan raised rates by 25 bps to 1.00%. This marks the highest […] Read more

USD/NOK gains, eyes on FOMC, Norges Bank meetings

June 17, 2026 8:23 am
The USD/NOK currency pair edged up on Wednesday ahead of the outcome of the Federal Reserve’s and Norges Bank’s policy meetings. The Fed is largely expected to leave its federal funds rate target range intact at 3.50%-3.75% at its June 16th-17th meeting, following three successive rate cuts last year. The minutes of the Federal Reserve’s […] Read more