The British pound firmed on Thursday, but the U.S. dollar remained broadly supported after military strikes in the Middle East pushed oil prices higher, reinforcing expectations for a hawkish Federal Reserve.
A significant rally in Japanese stocks could push the yen weaker against the dollar, with analysts at Citi projecting a USD/JPY rate of ¥163 if the Topix index reaches 4,500.
The Canadian dollar strengthened against the U.S. dollar after Canada's economy added 18,200 jobs in June, far exceeding analyst forecasts and signaling a resilient labor market.
Bitcoin's price rose past $64,000, buoyed by positive comments from President Donald Trump, which counteracted selling pressure from a significant BTC sale by corporate holder MicroStrategy.
Bitcoin retreated on Tuesday as escalating geopolitical tensions in the Middle East and a sell-off in technology stocks soured investor sentiment towards riskier assets, despite a recent uptick in ETF inflows.
Bitcoin is consolidating in a 'bull flag' pattern below the key $64,700 resistance level, with declining volume signaling potential for a significant price move or a 'bull trap'.
The largest cryptocurrency maintained its recovery amid key U.S. regulatory developments, including a four-year ban on a central bank digital currency and a federal banking approval for stablecoin issuer Circle.
Standard Chartered reports that uncertainty over a new Bitcoin strategy from major corporate holder Strategy is weighing on the market, but the bank maintains its $100,000 price forecast for the end of 2026.
The cryptocurrency remained stable over the weekend, absorbing geopolitical news from the Middle East while investors also monitored key regulatory and technical developments in the U.S. and within the Bitcoin network.
