News
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USD/CAD hovers above 1.3800, higher Oil Prices support the Loonie
The Canadian Dollar is going through a mild pickup for the second consecutive day against the US Dollar, bringing the USD/CAD pair to the 1.3800 round level. A moderate recovery in Oil prices and a broadly depressed US Dollar are giving some support to the Loonie.
Fxstreet
Mon, Aug 18
NZD/USD attracts some buyers above 0.5900 as Fed rate cut bets remain intact
The NZD/USD pair gains traction to around 0.5935 during the early European session on Monday. The US Dollar (USD) edges lower against the New Zealand Dollar (NZD) as anticipation mounts of a Federal Reserve (Fed) interest rate cut.
Fxstreet
Mon, Aug 18
ROI-Eerily calm credit markets face pockets of concern: Mike Dolan
By Mike Dolan LONDON, Aug 18 (Reuters) - Like much of the financial markets universe, U.S. corporate credit has enjoyed smooth sailing through the summer, helped along by the much diminished recession risks, decent corporate earnings growth, and the prospect of another round of Federal Reserve ea...Reuters
Mon, Aug 18
EUR/GBP softens below 0.8650 as traders brace for US-Ukraine talks
The EUR/GBP cross tumbles to around 0.8630 during the early European session on Monday. The Pound Sterling (GBP) weakens against the Euro (EUR) amid the upbeat UK Gross Domestic Product (GDP) report for the second quarter (Q2).
Fxstreet
Mon, Aug 18
INDIA RUPEE-Rupee climbs on tax cuts boost, fading risks
By Nimesh Vora MUMBAI, Aug 18 (Reuters) - The Indian rupee rose on Monday, with traders pointing to upbeat risk appetite after Prime Minister Modi announced sweeping tax cuts and on fading risks following the Trump-Putin meeting.The rupee INR=IN was quoting at 87.3925 to the U.S. dollar at 11.10...Reuters
Mon, Aug 18
FOREX-Dollar braces for busy week of geopolitics and Fed speak
Investors still eyeing September Fed cutZelenskiy flies to Washington on Monday to meet TrumpFocus on Fed's Jackson Hole symposium for rate cluesBy Rae Wee SINGAPORE, Aug 18 (Reuters) - The dollar steadied on Monday ahead of a key meeting between U.S. President Donald Trump and his Ukrainian ...Reuters
Mon, Aug 18
EUR/USD Price Forecast: Eyes 1.1900 support near ascending channel’s lower boundary
EUR/USD inches lower after registering around 0.5% gains in the previous session, trading around 1.1910 during the Asian hours on Monday. On the daily chart, technical analysis indicates a strengthening of a bullish bias, as the pair continues to trade within an ascending channel pattern.
Fxstreet
Mon, Aug 18
EUR/JPY Price Forecast: Positive view prevails above 172.50 amid risk-on sentiment
The EUR/JPY cross attracts some buyers to around 172.60 during the Asian trading hours on Monday. The uncertainty over the likely timing of the next interest rate hike by the Bank of Japan (BoJ) and risk-on sentiment weigh on the Japanese Yen (JPY) and act as a tailwind for the cross.
Fxstreet
Mon, Aug 18
Japanese Yen drifts lower amid reduced safe-haven demand, BoJ rate hike uncertainty
The Japanese Yen (JPY) kicks off the new week on a weaker note amid a combination of factors, which, along with a modest US Dollar (USD) uptick, lifts the USD/JPY pair to mid-147.00s during the Asian session.
Fxstreet
Mon, Aug 18
Australian Dollar rises as upbeat jobs data support momentum, Fed dovish tone
The Australian Dollar (AUD) extends its gains for the second consecutive session on Monday. The AUD/USD pair holds gains as the US Dollar (USD) could face challenges amid the prevailing dovish tone surrounding the US Federal Reserve’s (Fed) policy outlook for September.
Fxstreet
Mon, Aug 18
Australia, NZ dollars edge ahead, ponder RBNZ policy risks
By Wayne Cole SYDNEY, Aug 18 (Reuters) - The Australian and New Zealand dollars inched higher in range-bound trade on Monday with markets already fully priced for a cut in kiwi interest rates this week, but less sure about the prospect of yet more easing afterward.Swaps imply a near 100% chance t...Reuters
Mon, Aug 18
