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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.
GBP/USD gains positive momentum on Thursday, surpassing 1.3450 and trading at fresh multi-week highs. The Bank of England decided to maintain the benchmark rate unchanged at 3.75%. The MPC voted 6-3 to keep rates on hold, with the 3 dissenters favoring a rate hike. US Q2 GDP missing expectations helped the pair advance, while renewed US Dollar weakness across the FX board pushed the pair further up ahead of the monthly close.
The EUR/USD pair trades around 1.1530 in the American session on Thursday, reaching fresh six-week highs. The US Dollar is in sell-off mode, with multiple factors weighing on the American currency. Not only did the Federal Reserve vote divided to keep rates on hold on Wednesday, creating doubts about a September hike, but US Q2 GDP missed expectations. A suspected JPY intervention adds pressure on the Greenback.
Gold struggles to capitalize on its gains registered over the past two days and trades with a mild negative bias just below $4,100 in the Asian session on Friday. The US Dollar recovers slightly from its lowest level since June 17 amid a further escalation of US-Iran tensions, acting as a headwind for the bullion.
The Indonesian Rupiah has faced persistent depreciation pressures against the US Dollar during the first half of 2026, with the USD/IDR pair stabilizing around the 18,100–18,200 range at the time of writing after reaching a record high at 18,247 on June 8, marking the Rupiah's weakest level on record against the Greenback.
