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Euro: Lower against US Dollar after PCE surprise – Danske Bank
Danske Research Team notes that the United States (US) Personal Consumption Expenditures (PCE) Price Index inflation surprise triggered a hawkish market reaction, pushing US rates higher and weighing on EUR/USD. The pair dropped to 1.1650 as the US Dollar (USD) found support from stronger data.
Thu, Aug 27
US Dollar: Inflation data supports gains – UOB
UOB Global Economics & Markets Research notes that US PCE inflation for July slightly exceeded expectations, helping US Treasury yields to rise and supporting the US Dollar against most G10 currencies.
Thu, Aug 27
Euro edges down against British Pound despite upbeat German Consumer Confidence data
The Euro (EUR) is trading higher for the third consecutive day against the British Pound (GBP) on Thursday, but the pair keeps ticking down from session highs at the European opening time, despite the bright German GfK Consumer Sentiment data released earlier on the day.
Thu, Aug 27
WTI falls below $81.00 as Iran-Oman talks fuel hopes of Hormuz reopening
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $80.90 during the early European trading hours on Thursday. WTI slumps as hopes grow for a reopening of the Strait of Hormuz amid diplomatic efforts involving Iran and Oman.
Thu, Aug 27
AUD/USD Price Forecast: Hawkish RBA bets support rally towards 0.7275
The Australian Dollar (AUD) is up 0.2% to near 0.7185 against the US Dollar (USD) during the European trading session on Thursday. The Aussie pair strengthens as hotter-than-projected Australian Consumer Price Index (CPI) data for July has prompted hawkish Reserve Bank of Australia (RBA) prospects.
Thu, Aug 27
Indonesian Rupiah weakens as domestic protests, inflation risks loom
USD/IDR gains ground for the third successive day, trading around 17,800 during the Asian hours on Thursday. The currency pair is under downward pressure as the Indonesian Rupiah (IDR) struggles against fragile domestic sentiment.
Thu, Aug 27
BoJ’s Himino says will balance economic data and inflation risks on rates
Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Thursday that the central bank will reach decision on rates balancing need to gain information on economy, financial conditions, and acting in timely fashion to avoid being behind the curve on inflation.
Thu, Aug 27
Top Altcoins Price Forecast: Ripple eases to $1.40, Solana hits $100, DOGE capped below $0.10
Ripple (XRP) and Dogecoin (DOGE) are facing downside pressure after double-digit gains last week, while Solana (SOL) extends its rally to $100. The technical outlook for XRP, SOL, and DOGE points to potential upside as the broader market sustains a risk-on sentiment.
Thu, Aug 27
United States Dollar holds gains near 99, all eyes on Jackson Hole Symposium
The US Dollar (USD) clings to previous day’s gains on Thursday, driven by a sticky United States (US) Personal Consumption Expenditure (PCE) Price Index report for July.
Thu, Aug 27
Euro drifts higher above 1.1650 on hawkish ECB stance
The EUR/USD pair gains ground to near 1.1655 during the early European trading hours on Thursday. The Euro (EUR) strengthens against the Greenback on the hawkish stance of the European Central Bank (ECB). The US Initial Jobless Claims data is due on Thursday.
Thu, Aug 27
Ethereum Price Forecast: Derivatives demand cools after short squeeze-led rally
After Ethereum (ETH) gained over 30% last week, bulls have begun dominating its net taker volume. The 30-day moving average of the metric flipped positive last week, indicating immediate market activity in perpetual futures leans toward the upside.
Thu, Aug 27
Indian Rupee opens flat as stronger US Dollar offsets lower crude prices
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Thursday after a holiday the previous day. Still, USD/INR is close to its 10-day low of 95.40.
Thu, Aug 27
USD/JPY Price Forecast: Bulls await breakout above 50% Fibo. hurdle near 159.65
The USD/JPY pair turns positive for the fourth consecutive day following an intraday dip to the 159.00 neighborhood during the Asian session on Thursday.
Thu, Aug 27
Swiss Franc steadies as US Dollar holds ground following robust economic data
USD/CHF remains steady after registering 0.5% gains in the previous day, trading around 0.8050 during the Asian hours on Thursday. The currency pair remains bound to a tight range as a resilient US Dollar (USD) holds its ground, bolstered by robust economic data.
Thu, Aug 27
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
Thu, Aug 27
British Pound languishes near weekly low, below 1.3600 as USD bulls await Warsh's speech
The GBP/USD pair is seen consolidating near the lower end of its weekly range, below the 1.3600 mark, during the Asian session on Thursday.
Thu, Aug 27
EUR/JPY Price Forecast: Remains above 185.50 near moving averages
EUR/JPY gains ground after posting minor losses in the previous day, trading around 185.70 during the Asian hours on Thursday. The technical analysis of a daily chart indicates that the currency cross is remaining within the ascending channel pattern, signaling an ongoing bullish bias.
Thu, Aug 27
AUD/JPY Price Forecast: Gains ground to near 114.50, bullish tone prevails above 100-day SMA
The AUD/JPY cross trades in positive territory near 114.45 during the early European trading hours on Thursday.
Thu, Aug 27
Gold scales higher on softer US yields as traders await Fed Chair Warsh's speech
Gold (XAU/USD) catches fresh bids during the Asian session on Thursday, reversing a major part of the previous day's losses to the $4,583 region, or the weekly low.
Thu, Aug 27
Crypto Overview: Bitcoin holds at $78,000 amid US PCE surprise – SPX6900, VeChain rally
The broader cryptocurrency market maintains a constructive tone, with Bitcoin (BTC) sustaining gains above $78,000 on Thursday. The US July Personal Consumption Expenditures (PCE) Price Index inflation came in higher than expected on Wednesday, suggesting that inflation remains elevated.
Thu, Aug 27
