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Japanese Yen struggles despite soft US PPI, fading Fed rate-hike bets
The Japanese Yen (JPY) struggles to gain traction against the US Dollar (USD) on Thursday, even as the Greenback weakens modestly following softer-than-expected US Producer Price Index (PPI) data. The Yen strengthened immediately after the release, briefly pushing USD/JPY toward 159.
Fxstreet
Thu, Aug 13
British Pound climbs as soft US inflation data hurt Fed hawkish bets
The Pound Sterling registers modest gains versus the Greenback as US inflation data in the producer side came below or aligned with estimates, revealing that the disinflation process continued. The GBP/USD trades at 1.3503, up 0.06%.
Fxstreet
Thu, Aug 13
Canadian Dollar steadies as falling Oil offsets US Dollar weakness
USD/CAD trades around 1.3940 on Thursday at the time of writing, virtually unchanged on the day. The pair remains caught between two opposing forces: The US Dollar (USD) weakens following softer-than-expected US data, while the Canadian Dollar (CAD) struggles amid falling Oil prices.
Fxstreet
Thu, Aug 13
Euro holds steady against Pound Sterling despite steady UK growth
EUR/GBP is trading sideways on Thursday near the 0.8540 level, with the Euro (EUR) steadying after three consecutive days of losses despite the Pound Sterling (GBP) gaining support from UK economic growth data that was broadly in line with expectations.
Fxstreet
Thu, Aug 13
Euro edges higher against US Dollar after soft US PPI data
EUR/USD holds modest gains on Thursday as softer-than-expected US Producer Price Index (PPI) data fails to trigger a strong reaction in the pair. At the time of writing, EUR/USD trades around 1.1537 after recovering from an intraday low of 1.1511, its lowest level in more than a week.
Fxstreet
Thu, Aug 13
Japanese Yen: Policy support for BoJ hikes – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights USD/JPY trading just below 160.00 as Japan’s government signals support for faster Bank of Japan (BoJ) rate hikes, reinforcing narrowing US–Japan differentials and a lower USD/JPY case.Fxstreet
Thu, Aug 13
New Zealand Dollar: Anchored expectations back RBNZ hikes – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes NZD/USD briefly dipped below its 200-day moving average as the Reserve Bank of New Zealand (RBNZ) Q3 inflation expectations survey showed mixed but well-anchored readings near the 2% midpoint.Fxstreet
Thu, Aug 13
Euro gains against British Pound despite stronger UK growth data
EUR/GBP edges higher on Thursday as the Euro (EUR) draws support from hawkish European Central Bank (ECB) expectations, overshadowing stronger-than-expected UK Gross Domestic Product (GDP) data that would otherwise have supported the British Pound (GBP).Fxstreet
Thu, Aug 13
British Pound: Solid UK data, limited BoE impact – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes GBP/USD trading directionless near 1.3500 as United Kingdom (UK) Q2 and June Gross Domestic Product (GDP) data show encouraging activity. Growth was driven by investment and consumption, with government spending a drag.Fxstreet
Thu, Aug 13
USD/JPY Price Forecast: Capped below the 50% retracement of July’s plunge, at 159.50
The US Dollar (USD) remains practically flat against the Japanese Yen (JPY) on Thursday, as fading hopes of a Federal Reserve (Fed) interest rate hike in September have undermined speculative demand for the Greenback.
Fxstreet
Thu, Aug 13
Japanese Yen: Bearish bias against US Dollar within higher range – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/JPY closed little changed at 159.41 after briefly dipping to 158.58 and rebounding to 159.54. Intraday, the pair is expected to trade between 158.70 and 159.70.Fxstreet
Thu, Aug 13
Swiss Franc holds ground following domestic Producer and Import Prices data
USD/CHF depreciates after three days of gains, trading around 0.8130 during the European hours on Thursday. The pair holds losses as the Swiss Franc (CHF) remains stronger following Swiss Producer and Import Prices data for July.
Fxstreet
Thu, Aug 13
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