News
Important Only
CAD extending Wednesday’s gains – Scotiabank
The Canadian Dollar (CAD) is nosing ahead this morning, extending yesterday’s gains through the upper 1.37s and staking a claim on being one of the better-performing G10 currencies on the week so far, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Thu, Aug 28
AUD/USD jumps to near 0.6530 as Fed dovish bets weigh on US Dollar
The AUD/USD pair advances to near 0.6530 during the European trading session on Thursday. The Aussie pair strengthens as the US Dollar (USD) faces sharp selling pressure, with traders becoming increasingly confident that the Federal Reserve (Fed) will cut interest rates in the September meeting.
Fxstreet
Thu, Aug 28
USD/JPY drifts lower, nears 147.00 ahead of US GDP, Tokyo CPI data
The US Dollar is extending its reversal from Wednesday’s highs above 148.00 to levels near the 147.00 round figure on Thursday, with the Greenback on its back foot ahead of the release of US Gross Domestic Product and Weekly Jobless Claims figures, due later today.The US Dollar featured a knee-jerk
Fxstreet
Thu, Aug 28
Luxury watchmaker Movado's Q2 sales beat expectations, withholds guidance
OverviewMovado fiscal Q2 net sales rise 3.1% to $161.8 mln, beating expectationsAdjusted EPS for fiscal Q2 at $0.23, reflecting improved operational efficiencyInternational markets drive performance, while U.S. sales decline 1.6%OutlookCompany not providing fiscal 2026 guidance due to economic uncer...Reuters
Thu, Aug 28
USD/JPY might trade in a range between 146.40 and 148.40 – UOB Group
Further range-trading seems likely, but the softer underlying tone suggests a lower range of 146.75/147.80. In the longer run, outlook is mixed; USD could trade in a range between 146.40 and 148.40, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Aug 28
RPT-COLUMN-Dollar drop on politicized Fed may be part of Trump deal: Mike Dolan
By Mike Dolan LONDON, Aug 28 (Reuters) - The world needs to brace itself. U.S. dollar losses on an unraveling of Federal Reserve independence may not simply be the fallout, it's likely the intention.Donald Trump's daily bashing of the U.S. central bank this year has left little doubt that...Reuters
Thu, Aug 28
GBP/USD: Any advance is likely to be limited to a test of 1.3545 – UOB Group
There is room for Pound Sterling (GBP) to rebound further, but any advance is likely to be limited to a test of 1.3545. In the longer run, GBP is likely to trade in a range between 1.3395 and 1.3575, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Aug 28
EMERGING MARKETS-EM currencies rise on Fed rate-cut hopes, equities mixed
Russia slashes 2025 economic growth forecast to 1.5% EM stocks down 0.5%, FX up 0.3%Nvidia shares fall 1.57% following quarterly resultsBy Pranav Kashyap Aug 21 (Reuters) - Most emerging market currencies edged higher on Thursday, buoyed by growing bets on a Federal Reserve rate cut next month, e...Reuters
Thu, Aug 28
USD/JPY: Focus on Tokyo CPI tomorrow – OCBC
USD/JPY slipped overnight amid pullback in UST yields. There was news of top trade negotiator Akazawa cancelling his trip to Washington as there were points that needed to be debated at the administrative level. This saw little FX reaction. Pair was last at 147.10 levels.Fxstreet
Thu, Aug 28
FOREX-Dollar steadies as September Fed cut bets ramp up
Fed's Williams signals next month's meeting "live" for a rate cutTrump's bid for more Fed control drags on dollar as 2-year yields slideEuro resilient despite prospect of French government collapseBy Kevin Buckland and Joice Alves TOKYO/LONDON, Aug 28 (Reuters) - The dollar wa...Reuters
Thu, Aug 28
