Swiss Franc holds gains as Middle East tensions cap USD/CHF rebound

Swiss Franc holds gains as Middle East tensions cap USD/CHF rebound

USD/CHF trades around 0.8070 at the time of writing on Friday, down 0.22% on the day. The pair remains under pressure as safe-haven demand for the Swiss Franc (CHF) offsets modest support for the US Dollar (USD) following stronger-than-expected US consumer sentiment data. The preliminary University of Michigan Consumer Sentiment Index rose to 54.4 in […]

New Zealand Dollar dips as US-Iran tensions lift safe-haven US Dollar

New Zealand Dollar dips as US-Iran tensions lift safe-haven US Dollar

NZD/USD declines on Friday, trading around 0.5830 at the time of writing, down 0.19% on the day, as investors seek safe-haven assets following a fresh wave of US strikes against Iran. The US Dollar (USD) benefits from the renewed risk-off mood, while risk-sensitive currencies such as the New Zealand Dollar (NZD) remain under pressure. The […]

Rates on hold but tightening bias – Nordea

Rates on hold but tightening bias – Nordea

Nordea’s Jan von Gerich expects the European Central Bank to leave policy rates unchanged at the July meeting, describing it as a pause rather than a shift in stance. Lower-than-expected June inflation and volatile Middle East developments reduce urgency for an immediate move. However, Nordea still anticipates a 25bp hike in September and sees further […]