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British Pound climbs as Hormuz talks stall, US CPI up next
The Pound Sterling advances during the North American session, up 0.20% as markets digest developments in the Middle East and await crucial inflation data in the United States (US). The GBP/USD trades at 1.3520 after bouncing off daily lows of 1.3483.
Fxstreet
Mon, Aug 10
USD/CAD Price Forecast: Bearish pressure builds below 1.4000
USD/CAD trades on the back foot on Monday even as the US Dollar (USD) regains some ground after weakening last week following softer-than-expected US Nonfarm Payrolls (NFP) data. Attention now turns to Wednesday’s US Consumer Price Index (CPI) report.Fxstreet
Mon, Aug 10
Euro holds ground against US Dollar amid Fed uncertainty ahead of US CPI
EUR/USD treads water on Monday as the US Dollar (USD) steadies following its post-NFP weakness, while Oil prices rise amid uncertainty over the reopening of the Strait of Hormuz. At the time of writing, the pair trades around 1.1553, virtually unchanged on the day.
Fxstreet
Mon, Aug 10
Australian Dollar jumps as Yen struggles with Japan’s fiscal woes
AUD/JPY rises 0.70% on Monday and trades around 112.25 at the time of writing. The pair benefits from broad weakness in the Japanese Yen (JPY), while the Australian Dollar (AUD) holds firm ahead of the Reserve Bank of Australia (RBA) monetary policy decision on Tuesday.
Fxstreet
Mon, Aug 10
British Pound rises against Japanese Yen as intervention impact fades
GBP/JPY edges higher on Monday as the Japanese Yen (JPY) underperforms across the G10 currency space, with structural headwinds limiting the impact of recent intervention. At the time of writing, the cross trades around 214.70, up 0.85% on the day.
Fxstreet
Mon, Aug 10
Euro: Modest upside bias against US Dollar as Fed repricing – Rabobank
Rabıobank's Senior FX Strategist Jane Foley discusses recent EUR/USD strength, noting it was mainly driven by a softer Dollar after weak United States (US) labour data reduced Federal Reserve (Fed) rate hike expectations.Fxstreet
Mon, Aug 10
Australian Dollar: RBA policy pause maintained – TD Securities
TD Securities strategists expect the Reserve Bank of Australia (RBA) to leave the cash rate unchanged at 4.35%, noting that policy is already restrictive and that Australian activity, particularly housing, is slowing in response to earlier hikes.Fxstreet
Mon, Aug 10
Australian Dollar approaches two-month highs at 0.7088 with RBA decision on tap
The Australian Dollar (AUD) holds gains, in the mid-range of the 0.7000s against the US Dollar (USD) on Monday, with two-month highs of 0.7088 at hand. The Aussie is capitalising on the US Dollar’s weakness, as hopes of Federal Reserve (Fed) rate hikes wane.Fxstreet
Mon, Aug 10
British Pound tests 1.3500 as US Dollar struggles to shake off NFP shock
GBP/USD trades around 1.3495 on Monday at the time of writing, up a modest 0.04% on the day. However, the pair struggles to hold firmly above the psychological 1.3500 level after benefiting on Friday from a decline in the US Dollar (USD) triggered by disappointing United States (US) employment data.Fxstreet
Mon, Aug 10
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