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Euro gains against Japanese Yen as ECB, BoJ rate hike bets intensify
EUR/JPY rises 0.15% on Friday and trades around 184.15 at the time of writing. The pair remains supported despite growing expectations that Japan could raise interest rates as soon as September, while investors also anticipate further monetary tightening in the Eurozone.
Fxstreet
Fri, Aug 14
Canadian Dollar: Bullish momentum points to gains against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight Canadian Dollar (CAD) strength as USD/CAD trades just below their fair value estimate around 1.3895, supported by tighter US–Canada 2-year spreads and firmer commodity FX.
Fxstreet
Fri, Aug 14
Euro climbs as fading Fed hike expectations pressure US Dollar
EUR/USD rallies on Friday, erasing all the losses recorded earlier this week as broad-based weakness in the US Dollar (USD) lifts the Euro (EUR). At the time of writing, the pair trades around 1.1580 near its highest level since June 17.
Fxstreet
Fri, Aug 14
Canadian Dollar surges as sharp US Retail Sales miss hits the Dollar
The Canadian Dollar (CAD) is among the best performers on Friday, trading near a fresh two-month low against the US Dollar (USD) near the 1.3860s mark. The move coincides with a weak US Retail Sales report that pulled the Greenback lower across the board, but it preceded that data release.Fxstreet
Fri, Aug 14
Japanese Yen gains on hawkish BoJ outlook and softer US Dollar
USD/JPY trades on the back foot on Friday, pressured by a weaker US Dollar (USD), while the Japanese Yen (JPY) draws support from a more hawkish Bank of Japan (BoJ) outlook. At the time of writing, the pair trades around 158.85, down 0.40% on the day.Fxstreet
Fri, Aug 14
Euro little changed against Pound Sterling as ECB, BoE outlooks stay in focus
EUR/GBP is little changed on Friday, extending the sideways pattern seen through most of the week as traders show a muted reaction to second-quarter Gross Domestic Product (GDP) data from both the Eurozone and the United Kingdom (UK). At the time of writing, the cross trades around 0.8543.
Fxstreet
Fri, Aug 14
South African Rand: ZAR outperforms on carry and Gold – Societe Generale
Societe Generale strategists highlight that the South African Rand (ZAR) continues to outperform in CEEMEA, gaining about 2.4% versus the US Dollar (USD) in spot terms this month. USD/ZAR is close to breaking below 16.00 for the first time since February.
USD/CAD Price Forecast: Posts fresh two-month low below 1.3900
The Canadian Dollar (CAD) outperforms a majority of its currency peers on Friday, with the USD/CAD pair trading 0.32% lower at around 1.3888. The Canadian currency gains on hopes of a United States (US)-Canada interim deal.Fxstreet
Fri, Aug 14
Brazilian Real: Election risks threaten Real – Societe Generale
Societe Generale’s Dev Ashish flags growing election and fiscal risks weighing on Brazilian assets. BRL has underperformed in LatAm, with USD/BRL nearing its 200-day moving average at 5.2042 and Bovespa breaking below its long-term average.Fxstreet
Fri, Aug 14
GBP/USD Price Forecast: Picks up above 1.3500 amid generalised US Dollar weakness
The British Pound (GBP) pares losses against a weaker US Dollar (USD) on Friday, as a run of soft US inflation figures and growing signs of labour market deterioration have cast doubt about the odds for an immediate Federal Reserve (Fed) rate hike.
Fxstreet
Fri, Aug 14
Euro flattens against Japanese Yen, ECB-BoJ to raise rates in September
The Euro (EUR) trades flat at around 183.85 against the Japanese Yen (JPY) during the European trading session on Friday. The cross consolidates while investors seek fresh cues regarding whether there will be more United States (US)-Japan joint intervention to prop up the Japanese currency.Fxstreet
Fri, Aug 14
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