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British Pound weakens against US Dollar as headline PCE beats forecasts
GBP/USD falls to a five-day low on Wednesday as traders react to the latest United States (US) Personal Consumption Expenditures (PCE) Price Index data. At the time of writing, the pair trades around 1.3603, down roughly 0.33% on the day.
Fxstreet
Wed, Aug 26
Euro comes under pressure against US Dollar after mixed US PCE data
EUR/USD trades under modest pressure on Wednesday after the US Personal Consumption Expenditures (PCE) Price Index delivered a mixed inflation picture. Headline inflation came in above expectations, supporting the US Dollar (USD), although an in-line core reading limited the market reaction.
Fxstreet
Wed, Aug 26
Canadian Dollar: Trade dispute risks weigh on Canada – BNY
BNY’s Geoff Yu reports that Washington is considering further trade penalties against Canada after Ottawa’s dollar-for-dollar retaliation to new U.S. tariffs. Canada plans to double counter-tariffs on U.S. steel and aluminum and add new duties on a range of goods.
Fxstreet
Wed, Aug 26
Australian Dollar: Hot CPI supports carry and RBA risk – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports the Australian Dollar (AUD) is outperforming after hotter-than-expected July Consumer Price Index (CPI) data lifted Reserve Bank of Australia (RBA) rate hike expectations.
Fxstreet
Wed, Aug 26
Indian Rupee poised for positive opening on Thursday amid lower oil prices
The Indian Rupee (INR) is expected to open on a positive note against the US Dollar (USD) on Thursday after a holiday on Wednesday on account of Id-e-Milad. On Tuesday, the USD/INR pair declined 0.35% to near 95.40 due to weaker oil prices, which also led to a sharp decline in US Treasury Yields.
Fxstreet
Wed, Aug 26
Euro: ECB tightening outlook offers support against US Dollar - BNY
BNY's Geoff Yu highlights that European Central Bank (ECB) Executive Board member Isabel Schnabel sees further rate hikes as necessary, with Euro area inflation risks still tilted to the upside and growth more resilient than expected.Fxstreet
Wed, Aug 26
GBP/USD Price Forecast: Hits fresh intra-week lows after failure at 1.3660 resistance
The British Pound (GBP) pares gains against the US Dollar (USD) on Wednesday, with bears testing the bottom of the intra-week trading range at the 1.3620 area, after failure to breach resistance at 1.3660.Fxstreet
Wed, Aug 26
USD/CAD Price Forecast: Approaches 20-day EMA on the back of US-Canada trade dispute
The US Dollar (USD) trades 0.2% higher at around 1.3870 against the Canadian Dollar (USD) during the European trading session on Wednesday. The Loonie pair strengthens as the Canadian Dollar underperforms due to trade tensions between the United States (US) and Canada.Fxstreet
Wed, Aug 26
EUR/JPY Price Forecast: Tests nine-day EMA confluence support near 185.00
EUR/JPY depreciates after registering modest gains, trading around 185.60 during the European hours on Wednesday. The technical analysis of a daily chart indicates that the currency cross is remaining within the ascending channel pattern, signaling an ongoing bullish bias.
Fxstreet
Wed, Aug 26
Japanese Yen: Range-bound trading outlook against US Dollar – UOB
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann describe USD/JPY as remaining in a range-trading phase. For the 24-hour view they see the Dollar fluctuating between 158.95 and 159.50 after recent narrow ranges and little-changed closes.Fxstreet
Wed, Aug 26
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