Dollar Forecast: Iran Deal Hopes Pressure DXY Index
The dollar forecast weakened after the U.S. Dollar Index slipped as investors reacted to renewed hopes of an imminent U.S.-Iran deal, lower crude oil prices, and a shifting macro backdrop ahead of the Federal Reserve’s June policy meeting. The greenback edged lower as risk sentiment improved, while easing energy-market fears
Euro Forecast: ECB Rate Hike Bets Lift EUR/USD
The euro edged higher toward $1.164 as traders balanced cautious optimism over Middle East de-escalation with rising expectations that the European Central Bank will raise interest rates at its June 11 meeting. The latest euro forecast has turned more constructive in the short term, supported by stronger euro-area inflation data
Yen Forecast: 160 Level Raises Intervention Risk
The Japanese yen touched the closely watched 160-per-dollar level, putting currency traders on alert for possible official intervention while the U.S. dollar slipped from a two-month high. The latest yen forecast remains fragile, shaped by a difficult mix of safe-haven dollar demand, Middle East ceasefire uncertainty, Bank of Japan rate
