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According to BBH analysts, after reaching about 1.1768, EUR/USD dropped to around 1.1700.

EUR/USD is trending lower around 1.0950, amid ECB’s potential for rate cuts. Traders are advised to adopt bearish strategies like buying put options, as volatility remains low. – vtmarketsmy.com

UOB analysts suggest that USD/CNH may decrease slightly, potentially stabilizing around 6.9470 or 6.9400.

The US Dollar may weaken against the Chinese Yuan, potentially testing 6.9470 amid shifting monetary policies. Traders should consider strategies like selling call options to capitalize on limited upside. – vtmarketsmy.com

BBH analysts state that the Pound is facing challenges from ongoing UK inflation trends and inconsistent CPI data.

The Pound struggles against the Dollar and Euro, influenced by mixed UK inflation signals. Investors anticipate rate cuts, complicating GBP outlook. Strategies include selling GBP/USD options for potential profit amid uncertainty. – vtmarketsmy.com

UOB Group expects USD/JPY to fluctuate between 157.60 and 158.60

The USD/JPY is consolidating between 157.60 and 158.60, with notable shifts in central bank policies affecting volatility. Traders should adapt strategies to capture potential price swings ahead. – vtmarketsmy.com

UK inflation is higher than expected, but the Pound Sterling falls behind other currencies.

The UK Pound has weakened despite rising inflation, holding around 1.3410 against the US Dollar. Traders should prepare for volatility as geopolitical dynamics and economic data impact the currency market. – vtmarketsmy.com

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