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British Pound: Sustained break above 1.3650 may open 1.41 – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note that GBP/USD gains into the mid-1.36s are driven more by US Dollar (USD) weakness than intrinsic British Pound (GBP) strength, though United Kingdom (UK) survey data show improving manufacturing orders and pricing power.
Fxstreet
Thu, Aug 20
EUR/GBP eases from intraday highs as traders eye dual flash PMIs
EUR/GBP trades near the 0.8560s zone, having drifted steadily lower from near the 0.8585 area after failing to hold its push higher. The cross is down 0.15% in Thursday's American session with traders squaring up ahead of a data-heavy Friday.
Fxstreet
Thu, Aug 20
Euro: Bullish trend eyes upper 1.17s against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report that EUR/USD gains are being driven mainly by broad US Dollar (USD) weakness, with front-end spreads narrowing since late June and supporting Euro (EUR) fundamentals.
Fxstreet
Thu, Aug 20
Euro eases from three-month high as US Dollar stabilises, Jobless Claims beat expectations
EUR/USD trims part of its earlier gains on Thursday as the US Dollar (USD) stabilises following the previous day’s sharp selloff. At the time of writing, the pair trades around 1.1686 after touching an intraday high of 1.1710, its highest level since May 14.
Fxstreet
Thu, Aug 20
British Pound gains as Japanese Yen struggles despite hawkish BoJ outlook
GBP/JPY edges higher on Thursday, reversing all the losses recorded on the previous day. The move is largely driven by broad Japanese Yen (JPY) weakness rather than any major positive development for the British Pound (GBP), with a sparse economic calendar offering little fresh impetus.
Fxstreet
Thu, Aug 20
Japanese Yen: Flows and trade leave Japanese Yen exposed – BNY
Geoff Yu at BNY Mellon highlights that foreign investors are accelerating Japanese Government Bond selling while Japanese investors increase purchases of overseas bonds and equities. This flow mix weakens support for the Japanese Yen and points to further depreciation.Fxstreet
Thu, Aug 20
Australian Dollar: Softer jobs data keeps RBA sidelined – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes AUD/USD is holding gains on broad US Dollar weakness despite a soft July Australian labor report. The economy unexpectedly lost jobs, with rising unemployment and falling hours worked pointing to weaker labor demand.Fxstreet
Thu, Aug 20
New Zealand Dollar advances on RBNZ hawkish outlook
NZD/USD extends its gains for the second successive day, trading around 0.5950 during the European hours on Thursday. The pair appreciates as the New Zealand Dollar (NZD) gains on expectations of another rate hike from the Reserve Bank of New Zealand (RBNZ) in September.
Fxstreet
Thu, Aug 20
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