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GBP/USD

**U.S. Dollar Rockets Post-CPI Surge: Key Moves in EUR/USD, USD/JPY, GBP/USD & USD/CAD Explored**

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U.S. Dollar rallies strongly post-CPI as inflation surprises to the upside, impacting key pairs: EUR/USD breaks below 1.0800 amid bearish momentum; USD/JPY hits multi-decade highs above 153.50 driven by yield differentials; GBP/USD and USD/CAD also react to Fed policy repricing. Traders should watch critical support/resistance for signs of continuation or reversal. Analysis by Matt Weller, CFA, CMT (Forex.com).

AUD/USD

AUD/USD Faces Downside Test: Eyes on 0.6480 as Sellers Maintain Control

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AUD/USD remains under selling pressure as bearish momentum continues to build. Technical signals point toward a test of key support around 0.6480. With the US dollar supported by hawkish Fed cues and subdued Australian data, sellers remain confident ahead of potential further declines. Traders should monitor global risk sentiment and commodity prices for additional clues on the pair’s direction.

USD/CAD

Canada’s Inflation Clocks Slight Rise to 1.9% in June, Shaping Monetary Policy and Forex Trends

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Canada’s inflation rose to 1.9% in June, driven by shelter and transportation costs, staying just below the Bank of Canada’s 2% target. This shift could temper expectations for near-term rate cuts and has bolstered the Canadian dollar. Analysts now watch closely for upcoming monetary policy signals and economic impacts. Credit: Vincent Fernando, CFA via Seeking Alpha.

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