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Currency Market News & FX Forecasts

Market news and forecasts for popular currencies updated hourly.

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Australian dollar (AUD)

AUD to USD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsAUD to USD at 0.7545 has fallen 2.0% below its 90-day average, range 0.7478-0.7851. AUD/USD Rates

Until the recent Fed Reserve pivot, the Australian dollar had benefited from the US dollar sell-off since late last year as investors moved away from the safe haven of the USD and into riskier assets. AUD Forecasts

US Fed Reserve Statement and risk-off smacked the Aussie lower. AUD-USD Forecasts

After struggling all year the Euro improved against the Aussie dollar in late May with AUD/EUR dropping from 2-YEAR HIGHS (over €0.64). The single currency was lifted by the Eurozone’s emergence out of recession and its member states accelerating their coronavirus vaccine rollouts. AUD-EUR Forecasts

British pound (GBP)

GBP to USD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsGBP to USD at 1.3931 is just below its 90-day average, range 1.3689-1.4208. GBP/USD Rates

GBP/USD – closed the week at 1.4160 (1.4210 last week). The Fed’s hawkish shift hit the Pound hard, pushing it 1.6% lower in 2 days. GBP Forecasts

The big event for Sterling is the UK’s reopening of its economy scheduled for June 21. Weaker than estimated UK GDP, Industrial and Manufacturing Production data will keep a lid on GBP/USD and GBP crosses, until the economy reopens GBP-USD Forecasts

NAB have revised upwards their Aussie to pound sterling forecasts now expecting the GBP/AUD rate to be at A$1.88 by June 2022. GBP-AUD Forecasts

Canadian dollar (CAD)

CAD to USD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsCAD to USD at 0.8114 is near its 90-day average, range 0.7919-0.8308. CAD/USD Rates

In 2021 the Canadian dollar has risen as a global economic recovery takes hold, with larger gains if the Bank of Canada is seen to be preparing to reduce monetary stimulus, economists say. CAD Forecasts

OFX say CAD could trade between 1.1900 (stronger CAD) and 1.2300 (weaker CAD) in June. As CAD is already trading at the higher end of this range, it has more scope to lose value. USD-CAD Forecasts

Euro (EUR)

EUR to USD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsEUR to USD at 1.1920 is 0.9% below its 90-day average, range 1.1718-1.2250. EUR/USD Rates

The topside of the EUR/USD is now limited to 1.2000 and the risk is for a move to the next support at 1.1700. EUR Forecasts

There were no big changes on this cross, but the Euro does look like losing ground to the British currency over time. GBP-EUR Forecasts

Indian rupee (INR)

USD to INR 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsUSD to INR at 74.26 is 0.8% above its 90-day average, range 72.39-75.45. USD/INR Rates

The Federal Reserve’s message to the markets that it was preparing to reduce bond purchases sent most USD/Asian and Emerging Market Currencies higher. INR Forecasts

USD/INR soared to finish at 74.07 on Friday. Should Fed speak this week confirm the hawkish shift, USD/INR will likely test 74.50. Base is now at 73.80. USD-INR Forecasts

New Zealand dollar (NZD)

NZD to USD 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsNZD to USD at 0.7006 has fallen 1.9% below its 90-day average, range 0.6936-0.7295. NZD/USD Rates

The Kiwi had its wings clipped sliding from 0.7125 on Thursday to 0.6930 at the close of trade on Friday, a loss of 3.2%. NZD Forecasts

National Australia Bank (NAB) have revised upwards their Aussie/Kiwi dollar forecasts now expecting the AUD/NZD rate at NZ$1.09 by June 2021, up from their previous forecast of NZ$1.06. AUD-NZD Forecasts

US dollar (USD)

USD to X 90-Day Currency Trend Chart with Hi, Low, Up, Down AlertsThe U.S. Dollar Index at 91.87 is 0.8% above its 90-day average, range 89.68-93.28. US-Dollar index

This week the US Federal Reserve pushed its growth forecasts higher and moved the timing of its interest rate hikes to 2023. This sent the US Dollar higher against all its Rivals on Thursday and Friday. USD Forecasts

EUR/USD – has confined itself to a range in the past month roughly between 1.2080 and 1.2220 before the Fed’s policy announcement. USD-EUR Forecasts

After hitting a near 2021 low at 19.5850, the US Dollar soared against the Mexican Peso to 20.6730 on Friday. USD-MXN Forecasts



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