The USD has been under pressure against most of its counterparts today, with the exception of the JPY and CHF as the positive risk mood has been improved by cordial verbiage from both the UK and EU since the Brexit vote. GBP has also recovered to a modest degree, with cable pushing above 1.3500, while EUR/GBP is eyeing .8200 after tipping .8350 in the immediate aftermath. Strong gains in equities have seen the Dax up by around 1.5%, with Wall Street showing strong gains also to lift the related risk currencies. AUD/USD has gone on to hit highs above .7450, while NZD was outperforming early on in the session to retest the mid .7100s, while the AUD/NZD cross rate is eyeing recent lows also. Late in the day, the DoE reported showed a marginally higher draw on crude (than the API last night), but it was the drop in output which saw WTI and Brent rally to return the CAD below 1.3000 against the USD. 1.2900 the major level here, but now the focus as Tuesday lows being tested. Adding to the USD woes were a much softer set of pending home sales, while personal spending was a touch stronger against lower than expected income. EUR/USD has again tested into the mid 1.1100s, but is running into strong resistance here, but USD/JPY is holding up well despite resistance into 103.00. This is perhaps more telling, as the lack of upside in the current climate suggests another 100.00 test is still on.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
USD Under Pressure As GBP Recovers Modestly
Published 06/29/2016, 11:30 AM
Updated 07/09/2023, 06:31 AM
USD Under Pressure As GBP Recovers Modestly
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.