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Euro stalls below 100-day SMA as investors brace for US CPI
The single currency registers minimal losses against the Greenback on Tuesday as traders and market participants prepare for the release of the US Consumer Price Index (CPI) on Wednesday, which could set the path for the future of US monetary policy.
Fxstreet
Tue, Aug 11
British Pound: Sterling recovery eyes 1.36 caps against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret observe that the British Pound (GBP) is consolidating gains near the top of its one-month and multi-month ranges, with price action closely tied to fading downside risk reversals.Fxstreet
Tue, Aug 11
Japanese Yen pares losses ahead of US inflation report
The Japanese Yen (JPY) trades flat above 159.00 on Tuesday after several days of US Dollar (USD) strength following the intervention that briefly boosted the Yen. The pair has retraced most of its sharp intervention-driven decline, facing pressure from elevated Oil prices and a firm US Dollar (USD).
Fxstreet
Tue, Aug 11
USD/CHF Price Forecast: Buyers struggle to clear the 21-day SMA
USD/CHF trades with a positive bias on Tuesday as the US Dollar (USD) consolidates its recent gains ahead of Wednesday’s US Consumer Price Index (CPI) data. Price action has stabilized above the 50-day Simple Moving Average (SMA) following a sharp pullback from above 0.8200 in late July.
Fxstreet
Tue, Aug 11
British Pound holds near 1.3500 as US CPI, UK GDP loom
The Pound Sterling holds firm against the Greenback on Tuesday following the release of US jobs data, which was softer than expected, while investors await US inflation data and UK data releases on Thursday. The GBP/USD trades at 1.3508, nearly unchanged.Fxstreet
Tue, Aug 11
Japanese Yen: Intervention risks and Fed path – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses USD/JPY ahead of the United States (US) July Consumer Price Index (CPI) release, highlighting how softer US inflation could weaken the Dollar and lower the odds of another break above USD/JPY160.Fxstreet
Tue, Aug 11
Canadian Dollar holds firm against US Dollar ahead of US CPI
USD/CAD trades under pressure on Tuesday, staying on the back foot for a third straight day. However, the pair lacks follow-through selling as the US Dollar (USD) holds firm ahead of Wednesday’s US Consumer Price Index (CPI) data.
Fxstreet
Tue, Aug 11
Australian Dollar: RBA policy path caps upside against US Dollar – Societe Generale
Societe Generale’s Kenneth Broux highlights ongoing pressure on the Australian Dollar after the RBA removed one projected rate hike, keeping the cash rate at 4.35% and projecting the policy rate around 4.40% through 2028.
Fxstreet
Tue, Aug 11
Australian Dollar: RBA holds hawkish bias with steady rates – ING
ING’s Chris Turner reports that the Reserve Bank of Australia kept rates at 4.35%, while Governor Sandra Bullock delivered a hawkish message, stressing upside inflation risks and revealing that a hike was discussed. Short-dated Australian yields reversed higher.Fxstreet
Tue, Aug 11
Japanese Yen struggles as impact of joint intervention fades
USD/JPY treads water on Tuesday as the Japanese Yen (JPY) struggles to find its footing, facing headwinds from a firmer US Dollar (USD) and elevated Oil prices. At the time of writing, the pair trades around 159.24 after hitting an intraday low of 158.92.
Fxstreet
Tue, Aug 11
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