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Canadian Dollar weakens to three-month low despite upbeat Retail Sales
The Canadian Dollar (CAD) continues to lose ground against the US Dollar (USD) on Friday, marking its fourth consecutive daily decline, as the Greenback strengthens across the board. At the time of writing, the USD/CAD pair is trading around 1.3920, its strongest level since May 21.
Fxstreet
Fri, Aug 22
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Friday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0% lower at C$1.3915 to the greenback, or 71.86 U.S. cents, after trading in a range of 1.39 to 1.3918.Canadian government 10-year bond yields CA10YT=RR fell ...Reuters
Fri, Aug 22
CORRECTED-FOREX-Dollar firms as traders pare rate cut bets ahead of Powell speech
Euro, sterling touch two-week low ahead of Powell speechPowell's tone may sway markets as traders trim rate cut bets Odds of 25 basis point cut in September at 69%German GDP contracts 0.3% q/q in Q2, revised from 0.1%By Jaspreet Kalra MUMBAI, Aug 22 (Reuters) - The U.S. dollar hovered near a ...Reuters
Fri, Aug 22
AUD/USD Price Forecast: Below 0.6415, the pair might fall to 0.6375
Aussie Dollar’s upside attempts have been contained below 0.6430 so far on Friday, and the pair turned lower again to two-month lows at the 0.6415 area, which is being tested at the time of writing.The US Dollar is outperforming its main peers, underpinned by a moderate risk-averse market.
Fxstreet
Fri, Aug 22
USD/JPY: Chance for USD to test 148.80 – UOB Group
There is a chance for USD to test 148.80; a sustained break above this level seems unlikely. In the longer run, rapid increase in momentum indicates USD could above 148.80, potentially reaching 149.20, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Aug 22
NZD/USD to test 0.5800 before the risk of a recovery increases – UOB Group
There is a chance for New Zealand Dollar (NZD) to test 0.5800 before the risk of a recovery increases. In the longer run, sharp drop seems excessive; for a continued decline, NZD must first break and hold below 0.5800, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Aug 22
GBP flat vs. USD and outperforming G10 – Scotiabank
The Pound Sterling (GBP) is entering Friday’s NA session flat vs. the US Dollar (USD) and showing some signs of near-term stability following a bounce off of support at 1.34, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Fxstreet
Fri, Aug 22
EUR softens in response to Germany’s Q2 GDP disappointment – Scotiabank
The Euro (EUR) is down a marginal 0.1% against the US Dollar (USD) and trading defensively on the back of Germany’s final Q2 GDP disappointment, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Fxstreet
Fri, Aug 22
AUD/USD: Below 0.6420, a move to 0.6375 can be expected – UOB Group
The current price movements are likely part of a 0.6405/0.6435 consolidation phase. In the longer run, Australian Dollar (AUD) must first close below 0.6420 before a move to 0.6375 can be expected, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Aug 22
USD/JPY refreshes two-week high near 148.80 ahead of Fed Powell’s speech
The USD/JPY pair posts a fresh two-week high near 148.80 during the European trading session on Friday. The pair strengthens as the US Dollar (USD) trades firmly ahead of Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole Symposium at 14:00 GMT.Fxstreet
Fri, Aug 22
GBP/USD: Any decline is likely part of a lower range – UOB Group
Pound Sterling (GBP) could continue to weaken; any decline is likely part of a lower range of 1.3395/1.3460. In the longer run, the outlook for GBP will turn negative if it breaks and closes below 1.3395, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Aug 22
NZD/USD bears hit four-month lows at 0.5800 ahead of Fed Powell’s speech
The New Zealand Dollar extends losses for the fifth consecutive day against a firmer US Dollar, with investors reluctant to take risks ahead of Fed Powell’s speech at Jackson Hole. The pair has reached the 0.5800 level for the first time since mid-April, on track for a 2% weekly sell-off.Fxstreet
Fri, Aug 22
INDIA RUPEE-Rupee continues slide on looming US tariffs, posts marginal weekly loss
By Ashwin Manikandan MUMBAI, Aug 22 (Reuters) - The Indian rupee weakened further on Friday against a stronger dollar ahead of a speech by Federal Reserve Chair Jerome Powell, capping a volatile week for the Asian currency that has been pressured by U.S. tariff-related uncertainties.The currency ...Reuters
Fri, Aug 22
Sterling on track for weekly fall, outlook clouded by fiscal risks
By Jaspreet Kalra Aug 22 (Reuters) - Sterling steadied after dipping to a two-week low against the dollar on Friday as traders pared wagers on a rate cut by the U.S. Federal Reserve next month. Sterling was flat against the dollar GBP=D3 at $1.3416 after touching its weakest level since August 7....Reuters
Fri, Aug 22
