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British Pound hits three-month highs at 1.3570 amid generalised US Dollar weakness
The British Pound (GBP) extends gains for the second consecutive day on Monday, as investors cut back US Dollar (USD) long positions, amid a dovish repricing of the Federal Reserve’s (Fed) monetary policy.
Fxstreet
Mon, Aug 17
Japanese Yen: Downside bias within 158.00–160.20 band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang observes that USD/JPY price action remains choppy, with the pair closing around 159.30 after a dip to 158.58. Intraday direction is unclear, with trading expected between 158.80 and 159.60.
Fxstreet
Mon, Aug 17
New Zealand Dollar hits fresh two-month highs past 0.5900 despite weak data from China
The New Zealand Dollar (NZD) keeps crawling higher against a weaker US Dollar (USD) with price action reaching the 0.5920 area for the first time since early June. Kiwi Dollar bulls did not flinch after a set of downbeat data from China on Monday and kept buying the pair, with the US Dollar depreciFxstreet
Mon, Aug 17
Australian Dollar hits fresh high since June 5 as bearish USD outweigh weak China data
The AUD/USD pair attracts strong follow-through buying at the start of a new week and surges past the 0.7100 mark, hitting a fresh high since June 5 as sustained US Dollar (USD) selling offsets China's weak macro data dump.Fxstreet
Mon, Aug 17
British Pound: Uptrend intact toward 1.3600 cap against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes GBP/USD invalidated a recent neutral call by breaking above 1.3555 and closing higher near 1.3532. Intraday, the British Pound (GBP) may extend toward 1.3570, with 1.3600 as firm resistance.Fxstreet
Mon, Aug 17
Japanese Yen: Intervention risks cap losses against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that September Bank of Japan (BoJ) hike odds have risen sharply, but the Japanese Yen (JPY) has reacted only modestly. They argue a sustained Yen recovery likely needs clearer commitment to faster policy normalisation.Fxstreet
Mon, Aug 17
Canadian Dollar edges higher as Fed rate hike bets recede, CPI data looms
The USD/CAD pair edges lower to around 1.3860 during the early European session on Monday. The US Dollar (USD) extends the decline against the Canadian Dollar (CAD) as traders pare bets on the US Federal Reserve (Fed) rate hikes.
Fxstreet
Mon, Aug 17
British Pound: Data mix limits sustained gains against US Dollar – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad says improving United Kingdom (UK) disinflation alongside solid Q2 Gross Domestic Product (GDP) should support the British Pound (GBP) against the US Dollar (USD) and Euro (EUR), but sees limited scope for a lasting rally.
Euro: Upside bias targets 1.1590 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang highlights that EUR/USD surged to 1.1585, leaving the Euro (EUR) with a firmer tone against the US Dollar (USD). Intraday, the pair could extend gains toward 1.1590, though 1.1610 is seen as strong resistance.
Fxstreet
Mon, Aug 17
AUD/JPY Price Forecast: Edges higher above 113.00, bullish bias prevails above 100-day SMA
The AUD/JPY cross trades in positive territory near 113.00 during the early European session on Monday. The Japanese Yen (JPY) softens against the Australian Dollar (AUD) amid weaker-than-expected Japanese Gross Domestic Product (GDP) data.
Fxstreet
Mon, Aug 17
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