Forex Focus — Jul 16, 2026, 10:00 UTC

Transcript

British Pound surged 63 pips against the dollar today. The DXY is clearly softening, pushing EUR/USD to 1.1449, a 26-pip gain. This reflects broad dollar selling pressure. The driver: "Fed Beige Book" reports easing inflation pressures. Fed officials like Williams suggest inflation may soon moderate. This dovish shift is weighing on the greenback. However, bond traders are still increasing rate-hike bets. This creates a fascinating divergence. South Korea's central bank eyes a July 16 rate hike. This would be their first in three years. For the Fed, Warren Buffett endorsed Kevin Warsh for Chair. Warsh's focus on stricter inflation control could shift future policy. While major pairs saw significant movement, exotic currencies show heightened sensitivity. "US-Iran tensions" continue to drive crude oil surges. This creates considerable volatility in commodity-linked pairs. We monitor these headlines closely. For EUR/USD, watch 1.1450 as immediate resistance. Support sits near 1.1420. USD/JPY holds at 162.16, relatively stable. Global geopolitical risks remain paramount for FX. Stay sharp. Stay informed. Only on rawfin.tv.