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NZD/USD licks its wounds above 0.5815 after a post-RBNZ selloff
The New Zealand Dollar is the worst performer of the G8 currencies so far on Wednesday. The pair has lost more than 1% against the US Dollar, following a “dovish cut” by the Reserve Bank of New Zealand earlier today, which sent the pair to four-month lows at 0.5815.
Fxstreet
Wed, Aug 20
AUD/USD: Risk for AUD is tilted to the downside toward 0.6420 – UOB Group
Rapid increase in downward momentum is likely to lead to further losses, but Australian Dollar (AUD) may not reach 0.6420. In the longer run, risk for AUD is tilted to the downside toward 0.6420, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Aug 20
EUR/USD: Unlikely to reach the next support at 1.1595 – UOB Group
Euro (EUR) could break below 1.1630, but it is unlikely to reach the next support at 1.1595. In the longer run, tentative increase in downward momentum could lead to EUR edging lower and testing 1.1595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Aug 20
Sterling edges up as inflation rises to highest in 1-1/2 years
By Samuel Indyk LONDON, Aug 20 (Reuters) - The British pound rose marginally against the dollar and euro on Wednesday after data showed inflation hit its highest in 18 months in July, with markets not fully pricing the next rate cut from the Bank of England until well into next year.The headline ...Reuters
Wed, Aug 20
RPT-COLUMN-Fed's dilemma between AI and housing: Mike Dolan
By Mike Dolan LONDON, Aug 20 (Reuters) - Tension between the Federal Reserve's jobs and inflation mandates may be less worrisome than a dilemma over whether to focus on the spluttering housing market or rocketing tech infrastructure spending.By most metrics, the U.S. central bank is still mis...Reuters
Wed, Aug 20
CEE MARKETS-Currencies edge lower as markets eye Ukraine-Russia war and Fed messages
BUDAPEST, Aug 20 (Reuters) - The Polish zloty and the Czech crown eased on Wednesday as the dollar firmed and markets focussed on news about the Ukraine-Russia war and turned their attention towards the U.S. Federal Reserve's Jackson Hole symposium this week.The U.S. dollar gained for a third st...Reuters
Wed, Aug 20
FOREX-Dollar steady before Jackson Hole, kiwi drops on dovish RBNZ
Traders focused on whether Powell pushes back on easing betsMarkets lay 84% odds on a Fed rate reduction next monthNZ dollar at 4-month low as RBNZ flags further rate cutsBy Samuel Indyk and Kevin Buckland LONDON, Aug 20 (Reuters) - The U.S. dollar was little changed on Wednesday as traders await...Reuters
Wed, Aug 20
EUR: Lagarde speaks in Geneva – ING
EUR/USD is drifting lower in quiet markets. It might be easy to link this to a lack of progress on Ukraine peace talks, but this seems more like a generalised dollar move. Perhaps there is some modest risk reduction going on as investors pare back some EM exposures.Fxstreet
Wed, Aug 20
NZ central bank cuts rates to 3-year low, flags more easing; kiwi tumbles
RBNZ cuts rates by 25 bps, signals more reductionsWarns of global, domestic headwinds to growthTwo of the RBNZ's six committee members voted for 50 bps cutNZ dlr and swaps tumble as markets surprised by dovish toneBy Lucy CraymerWELLINGTON, Aug 20 (Reuters) - New Zealand's central bank cut i...Reuters
Wed, Aug 20
