News
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UK inflation rises to highest since early 2024 at 3.8%
UK consumer price inflation 3.8% in 12 months to July Bank of England had expected 3.8%, Reuters poll 3.7%Service sector inflation speeds up to 5%UK has highest inflation among G7 economies BoE has suggested it might slow interest rate cutsBy William Schomberg and David Milliken LONDON, Aug 20 (R...Reuters
Wed, Aug 20
EUR/GBP attracts some sellers below 0.8650 after hotter UK CPI inflation data
The EUR/GBP cross loses traction to near 0.8620 during the early European session on Wednesday. The Pound Sterling (GBP) edges higher against the Euro (EUR) after the UK Consumer Price Index (CPI) inflation report.
Fxstreet
Wed, Aug 20
FOREX-Dollar strengthens ahead of 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 Kevin Buckland TOKYO, Aug 20 (Reuters) - The U.S. dollar gained for a third straight session on Wednesday against the euro ...Reuters
Wed, Aug 20
USD/CAD rises to fresh three-month highs near 1.3900
USD/CAD continues to gain ground for the second successive day, trading around 1.3870 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains ground ahead of the US Federal Reserve’s (Fed) Minutes for the July meeting.
Fxstreet
Wed, Aug 20
USD/INR bounces back as FIIs continue to pare stake in Indian stock market
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Wednesday after a three-day winning streak. The USD/INR rebounds to near 87.30 as the consistent outflow of foreign funds from Indian stock markets, despite the announcement of Goods and Services Tax (GST) reforms by the government,Fxstreet
Wed, Aug 20
GBP/USD Price Forecast: Slides below mid-1.3400s, over one-week low ahead of UK CPI
The GBP/USD pair drifts lower for the third consecutive day on Wednesday – also marking the fourth day of a negative move in the previous five – and drops to an over one-week low during the Asian session.Fxstreet
Wed, Aug 20
EUR/USD extends downside below 1.1650 ahead of ECB’s Lagarde speech
The EUR/USD pair extends the decline to near 1.1635 during the early European trading hours on Wednesday. The US Dollar (USD) strengthens against the Euro (EUR) as traders await the Federal Reserve's (Fed) annual Jackson Hole symposium later on Friday for clues on the US interest rate path.Fxstreet
Wed, Aug 20
NZD/USD Price Forecast: Falls toward 0.5700 after RBNZ policy decision
NZD/USD continues its three-day losing streak, trading around 0.5830 during the Asian hours on Wednesday. The pair loses ground after the Reserve Bank of New Zealand (RBNZ) announced to cut interest rates by 25 basis points, bringing the Official Cash Rate (OCR) to 3%, as expected.Fxstreet
Wed, Aug 20
New Zealand dollar dives as RBNZ cuts rates, sees scope for more
RBNZ cuts rates 25bp to 3.0%, sees scope for moreConsidered cutting by 50bp in dovish surpriseProjected floor for rates lowered to 2.55% from 2.85% By Wayne Cole SYDNEY, Aug 20 (Reuters) - The New Zealand dollar slid to four-month lows on Wednesday after the country's central bank cut interes...Reuters
Wed, Aug 20
