Forex Command Daily Market Roundup

The Australian Dollar leads while the US Dollar drifts and the Euro lags intraday, as Fed rate-hike bets fade.

The session reads a Neutral MRS of 59, with the CTS high at 81 and the FSI Neutral at 60. The Australian Dollar is the strongest currency in today's intraday snapshot, with the Euro the weakest.

Major Currency Moves

• The Australian Dollar advanced as traders priced a softer Fed, offsetting resilient US data.
• The British Pound extended to 18-year highs against the yen, above 217.00 — FXStreet notes the advance continuing.
• The Japanese Yen was mixed: Japan's household spending rose 3.7% in May, but InvestingLive flagged soft wage growth and FXStreet called the yen's support "mostly sand."
• The US Dollar held neutral after paring gains, as Fed's Waller reaffirmed his commitment to fighting inflation — pressuring the New Zealand Dollar — while FXStreet reported Fed hike bets fading.
• The New Zealand Dollar came under pressure on the Fed's perceived hawkish tone.

Key Events Today

• GBP · BOE Gov Bailey speaks — scheduled.
• CAD · Ivey PMI — scheduled (forecast 59.1, previous 58.2).