Forex — Daily Market Briefing
AI-generated morning briefings for the world's most traded instruments — fresh every day, sourced from public news.
EUR/USD consolidates near 1.1450 as traders await U.S. labor market data.
Over the past 24 hours, EUR/USD has remained relatively stable, trading around the 1.1450 mark. This stability is attributed to a lack of significant market-moving events and traders' anticipation of upcoming U.S. labor market data, including employment and unemployment reports, scheduled for release later today.
GBP/USD rises to $1.3359 after weak US jobs data reduces Fed rate hike expectations
In the past 24 hours, GBP/USD has strengthened, reaching $1.3359, following a weaker-than-expected US non-farm payrolls report for June, which showed an addition of only 57,000 jobs compared to the anticipated 110,000. This miss has led investors to scale back expectations for future Federal Reserve rate hikes, thereby weakening the US Dollar and providing support for the British Pound.
USD/JPY dips below 161.20 amid weaker US dollar and stronger yen ahead of NFP.
In the past 24 hours, USD/JPY has declined below the 161.20 mark, influenced by a weaker US dollar and a strengthening Japanese yen. Market participants are cautious ahead of the upcoming US Nonfarm Payrolls (NFP) report, which is expected to show a significant drop in new jobs, potentially further undermining the US dollar. Additionally, the Japanese yen has gained strength, possibly due to anticipated government intervention to support the currency.
USD/CHF drops to 0.8029 after weak US payrolls report
In the past 24 hours, USD/CHF declined to 0.8029, the lowest level since June 18, following a weaker-than-expected US Nonfarm Payrolls report. The economy added only 57,000 jobs in June, significantly below the anticipated 110,000, leading to a sell-off in the US Dollar and a shift in Federal Reserve rate hike expectations.
AUD/USD rises to 0.6950 after weak US jobs data dampens Fed tightening expectations.
In the past 24 hours, AUD/USD has experienced modest gains, reaching approximately 0.6950, following a weaker-than-expected US Nonfarm Payrolls report. This data has led investors to reassess expectations for Federal Reserve interest rate hikes, contributing to a slight depreciation of the US Dollar. However, the Australian Dollar's upside remains limited due to ongoing domestic economic challenges and a cautious Reserve Bank of Australia stance.
USD/CAD rises to 1.4175 as US job growth slows, reaching 10-day high.
In the past 24 hours, the USD/CAD pair has strengthened, reaching a 10-day high of 1.4175. This movement is primarily driven by weaker-than-expected U.S. employment data, which has led traders to adjust their expectations for Federal Reserve interest rate hikes. Additionally, domestic data indicating further growth in Canada's manufacturing sector has provided additional support to the Canadian dollar.
NZD/USD rises to 0.5705 as weaker US jobs data dampens Fed rate hike expectations
In the past 24 hours, the New Zealand Dollar (NZD) strengthened against the US Dollar (USD), with the NZD/USD pair trading at 0.5705. This movement was driven by a weaker-than-expected US employment report, which reduced market expectations for a near-term Federal Reserve rate hike. The US economy added only 57,000 jobs in June, significantly below the anticipated 110,000, leading to a decline in the USD and a rise in the NZD.
EUR/GBP stabilizes near one-year low as ECB rate hike expectations fade.
Over the past 24 hours, EUR/GBP has remained near its one-year low, with the Euro consolidating after a four-day decline. This weakness is attributed to diminishing expectations of an additional European Central Bank (ECB) rate hike this year, following softer-than-expected Eurozone inflation data. In contrast, the British Pound's relative strength is supported by the Bank of England's (BoE) cautious approach to monetary policy amid ongoing political uncertainties in the UK.
EUR/JPY tests immediate VWAP resistance at 185.50 amid bearish short-term outlook.
Over the past 24 hours, EUR/JPY has remained below its session VWAP and a tight cluster of exponential moving averages, indicating a bearish short-term trend. The 14-day Relative Strength Index (RSI) stands at 46.58, suggesting weakening bullish momentum. Immediate support aligns with the lower boundary of a symmetrical triangle around 183.50.
EUR/CHF remains stable at 0.9190 amid holiday trading and low volatility.
Over the past 24 hours, EUR/CHF has maintained a steady position around 0.9190, with minimal fluctuations. This stability is attributed to the holiday period, leading to reduced trading volumes and limited market activity. As a result, there have been no significant developments impacting the EUR/CHF currency pair during this time.
No significant EUR/AUD developments in the past 24 hours; market remains stable.
Over the past 24 hours, there have been no notable developments affecting the EUR/AUD currency pair. The market remains stable, with no significant price movements or news impacting the exchange rate. Traders should monitor upcoming economic data releases and central bank communications for potential market-moving events.
EUR/CAD holds steady near 1.6230 as Eurozone inflation data eases.
In the past 24 hours, EUR/CAD has remained relatively stable around the 1.6230 mark. This stability follows the release of Eurozone inflation data, which showed a moderation in both headline and core inflation rates. This development reduces the immediate pressure on the European Central Bank to implement further rate hikes.
EUR/NZD consolidates near 2.0026 amid mixed technical signals
Over the past 24 hours, EUR/NZD has remained relatively stable, trading around 2.0026. Technical analyses indicate mixed signals, with the pair testing key support levels without clear directional momentum. No significant news has emerged to drive the currency pair's movement.
GBP/JPY remains near 215.00 as intervention risks support Yen.
Over the past 24 hours, GBP/JPY has remained relatively stable around the 215.00 level. This stability is influenced by Japanese authorities' intervention risks, which have provided support to the Yen. Additionally, the wide interest rate differential between Japan and the UK continues to cap any significant appreciation of the Yen.
GBP/CHF remains stable at 1.0725 amid low volatility and lack of recent developments.
Over the past 24 hours, there have been no significant developments affecting the GBP/CHF currency pair. The exchange rate remains steady at 1.0725, with a daily range between 1.0712 and 1.0732. This stability is attributed to a lack of impactful news and low market volatility.
GBP/AUD reaches 14-week high amid UK political stability and weak Australian trade data.
In the past 24 hours, GBP/AUD has climbed to its strongest level in nearly 14 weeks, trading at AU$1.9335. This surge is attributed to reduced UK political uncertainty following Prime Minister Keir Starmer's resignation and expectations of a swift leadership transition. Additionally, weaker Australian trade data has contributed to the Australian Dollar's decline.
GBP/CAD holds steady at 1.8942 amid USMCA trade talks and BoE Governor's speech.
Over the past 24 hours, GBP/CAD has remained relatively unchanged, trading at 1.8942 as of July 3, 2026. The Canadian Dollar (CAD) faced pressure due to ongoing uncertainties surrounding the US-Mexico-Canada Agreement (USMCA) trade negotiations, which have been extended beyond their original schedule. This prolonged uncertainty may impact Canada's export-driven economy, particularly sectors like manufacturing and energy. Meanwhile, the British Pound (GBP) awaited insights from Bank of England (BoE) Governor Andrew Bailey's speech at the European Central Bank’s annual Sintra Forum on Central Banking, where he discussed monetary policy alongside other central bank leaders. Investors are keen to understand the BoE's stance on potential interest rate adjustments amid evolving economic conditions.
AUD/JPY holds near 112.00 amid bearish trend below key moving averages.
Over the past 24 hours, AUD/JPY has maintained modest gains near the 112.00 level. However, the pair continues to face bearish pressure, trading below significant moving averages, indicating a prevailing downward trend.
AUD/NZD remains stable as market awaits upcoming economic data releases.
Over the past 24 hours, there have been no significant developments affecting the AUD/NZD currency pair. Market participants are currently awaiting upcoming economic data releases and central bank communications that may influence the pair's direction.
CAD/JPY remains steady at 113.75 amid low trading activity.
Over the past 24 hours, CAD/JPY has maintained a stable trading range, with no significant market-moving events reported. This stability is likely due to the holiday season, leading to reduced trading volumes and limited market activity. Traders should anticipate a continuation of this trend until the markets resume normal operations.
CHF/JPY remains stable at 200.66 amid low volatility.
Over the past 24 hours, CHF/JPY has maintained a narrow trading range, with minimal fluctuations. This stability suggests a lack of significant market-moving events affecting the pair recently. Traders should monitor upcoming economic indicators and central bank communications for potential catalysts.
NZD/JPY trades at 91.74, down 0.51% in the last 24 hours.
Over the past 24 hours, there have been no significant developments affecting the NZD/JPY currency pair. The market remains relatively stable, with no major economic releases or geopolitical events impacting the exchange rate. Traders should monitor upcoming data releases and central bank communications for potential market-moving events.
USD/CNH consolidates near 6.79 as UOB forecasts range-bound trading.
Over the past 24 hours, USD/CNH has remained relatively stable, trading between 6.7911 and 6.8025, closing at 6.7948. United Overseas Bank (UOB) analysts suggest that the recent decline in the US Dollar's strength has ended, with the pair expected to trade within a range of 6.7750 to 6.8080 in the coming weeks.
USD/MXN drops to 17.43 after weak US jobs data; Peso strengthens.
In the past 24 hours, the Mexican Peso has appreciated against the US Dollar, with the USD/MXN pair falling to 17.43 following the release of weaker-than-expected US Nonfarm Payrolls (NFP) data. The NFP report showed an addition of only 57,000 jobs in June, significantly below the anticipated 110,000, leading to a decline in the US Dollar across various currency pairs.
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AI-generated from public news sources. Not financial advice.