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Market News
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USD/CHF Price Forecast: Drops below 0.7800, bears target 0.7750
USD/CHF edges lower on Wednesday, breaching a key support trendline at around 0.7800 as the pair extends its downtrend, falling over 0.50% at the time of writing. The pair trades at 0.7789, as traders target the March 10 swing low at 0.7748. USD/CHF Price Forecast: Technical outlookFrom a technical perspective, the downtrend is resuming after
May 7, 2026 -
AUD/USD Price Forecast: Retains bullish bias near 0.7250, multi-year top on softer USD
The AUD/USD pair attracts some dip-buyers during the Asian session on Thursday and stalls the previous day’s late pullback from the 0.7275-0.7280 region, or its highest level since June 2022. Spot prices currently trade around mid-0.7200s, up for the third straight day. The Reserve Bank of Australia’s (RBA) hawkish outlook counters Australia’s mixed trade data
May 7, 2026 -
US Dollar Index hovers around 98.00 as safe-have demand eases on US-Iran optimism
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after posting nearly 0.5% losses in the previous day and trading around 98.00 during the Asian hours on Thursday. The Greenback struggles amid easing safe-haven demand on optimism surrounding a potential US-Iran agreement, which
May 7, 2026 -
Gold gains as dollar weakens; investors focus on U.S.-Iran peace deal prospects
Gold rose for a third straight session on Thursday, supported by a softer dollar as hopes grew for a potential peace deal between the United States and Iran. Spot goldwas up 0.3% at $4,701.19 per ounce, as of 0231 GMT, after rising about 3% on Wednesday to hit its highest level since April 27. U.S.
May 7, 2026
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