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British Pound: Bearish reversal extends before BoE – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report GBP/USD is extending its bearish reversal toward early-July levels as markets scale back Bank of England (BoE) tightening expectations. September pricing has been cut and cumulative hikes by December reduced.Fxstreet
Tue, Jul 28
Canadian Dollar benefits from softer US Dollar despite lower Oil prices
USD/CAD trades near 1.4105 on Tuesday at the time of writing, down 0.14% on the day, though the pair remains close to its recent highs as traders refrain from taking aggressive positions ahead of the Federal Reserve (Fed) monetary policy decision.
Fxstreet
Tue, Jul 28
Australian Dollar: RBA pause risk weighs on Aussie – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports that Australian Dollar (AUD) is underperforming after Reserve Bank of Australia (RBA) Governor Michele Bullock balanced a hawkish bias with a message of patience, noting easing domestic demand and labour conditions.Fxstreet
Tue, Jul 28
Euro nears three-week high against British Pound on UK fiscal concerns, BoE outlook
EUR/GBP holds firm on Tuesday, extending its recovery from the more than one-year low touched earlier this month as diverging monetary policy expectations between the European Central Bank (ECB) and the Bank of England (BoE), along with UK fiscal concerns, weigh on the British Pound (GBP).
Fxstreet
Tue, Jul 28
New Zealand Dollar struggles as firm US Dollar keeps NZD/USD pinned
NZD/USD trades around 0.5770 on Tuesday at the time of writing, slightly lower on the day. The New Zealand Dollar (NZD) remains pressured by the firm US Dollar (USD), which continues to benefit from safe-haven demand amid persistent geopolitical tensions.
Fxstreet
Tue, Jul 28
Australian Dollar: Inflation risks keep hike debate alive – TD Securities
TD Securities strategists expect the Reserve Bank of Australia’s (RBA) preferred core Consumer Price Index (CPI) to rise 0.9% q/q in Q2, matching consensus and up from 0.8% in Q1. This would lift annual core inflation to 3.7%, just below the RBA’s 3.8% projection.Fxstreet
Tue, Jul 28
EUR/USD Price Forecast: Under pressure with YTD lows at 1.1324 coming closer
The Euro (EUR) is failing to draw any significant support from the truce in the Middle East and the lower Oil prices and keeps heading south against the US Dollar (USD) on Tuesday. EUR/USD bears are testing fresh one-month lows below 1.1360, drawing near the year-to-date low of 1.1324.Fxstreet
Tue, Jul 28
Japanese Yen stays range-bound as Fed, BoJ seen on hold but hawkish
USD/JPY trades around 163.90 on Tuesday at the time of writing, up 0.11% on the day, as investors remain cautious ahead of the Federal Reserve’s (Fed) monetary policy decision on Wednesday and the Bank of Japan’s (BoJ) policy announcement on Friday.
Fxstreet
Tue, Jul 28
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