Dow Jones fades its own good news as the hawks take the last word

Dow Jones fades its own good news as the hawks take the last word

The Dow Jones Industrial Average (DJIA) trades near 52,250 on Friday, down nearly 300 points late in the month’s strangest session. The index slid to the 52,000 handle through the first half of the day, rallied more than 600 points on the strongest consumer sentiment reading since February, and has spent the afternoon handing the […]

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 […]