From Yahoo Finance: 2025-06-17 15:46:00

The dollar index rose by +0.83% on Tuesday due to increased liquidity demand and safe-haven demand amid Middle East tensions. US retail sales fell -0.9% m/m in May, while the import price index ex-petroleum rose +0.2% m/m. The NAHB housing market index unexpectedly fell to a 2-1/2 year low of 32 in June.

EUR/USD fell by -0.72% on Tuesday as the euro retreated on a stronger dollar and dovish comments from the ECB. The German June ZEW survey showed stronger-than-expected economic growth expectations. Swaps are discounting a 6% chance of a -25 bp rate cut by the ECB in July.

USD/JPY rose by +0.42% on Tuesday after the BOJ kept interest rates unchanged as expected and cut its bond purchases for Q3. President Trump’s comments on Iran and lower T-note yields supported the yen. The BOJ voted to maintain its benchmark interest rate and reduce monthly bond purchases.

Gold closed down -0.30% while silver closed up +1.93% on Tuesday. Precious metals were mixed, with silver hitting a 13-year high. Dollar strength and BOJ’s bond purchase cuts pressured gold. Middle East tensions and lower global bond yields supported precious metals.

Silver prices rose on Tuesday after positive economic data and increased demand for industrial metals. Technical buying pushed silver to a 13-year high. The US 10-year breakeven inflation rate also rose, supporting precious metals.



Read more at Yahoo Finance: Dollar Rallies as Middle East Tensions Intensify and Stocks Fall