The Canadian Dollar trims part of its intraday gains as uncertainty surrounding a final US-Iran peace agreement and expectations of a hawkish Federal Reserve (Fed) help the US Dollar recover some of its losses after coming under pressure from Thursday's broadly in-line US Personal Consumption Expend
NZD/USD pauses a six-day losing streak on Thursday as the US Dollar (USD) eases following the latest US Personal Consumption Expenditures (PCE) data, which broadly matched market expectations. At the time of writing, the pair trades around 0.5650, virtually unchanged near seven-month lows.
ING’s Frantisek Taborsky highlights persistent Polish Zloty weakness versus Central and Eastern European (CEE) peers as EUR/PLN breaks above its prior range toward 4.290. He attributes vulnerability to the National Bank of Poland’s (NBP) dovish stance and global risk-off conditions.