News
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NZD/USD stalls below 0.5075 area, awaiting US GDP, PCE inflation data
The New Zealand Dollar is trading practically flat against the US Dollar on Thursday, looking for direction below the top of the weekly trading range, at 0.5875, with investors looking from the sidelines ahead of US GDP data today and, more importantly, the PCE Prices Index data on Friday.
Fxstreet
Thu, Aug 28
Pound Sterling wobbles as focus shifts to US data
The Pound Sterling (GBP) is broadly sideways against the US Dollar (USD) around 1.3500 on Thursday. The GBP/USD pair consolidates as the US Dollar trades cautiously, following dovish comments on interest rates from New York Federal Reserve (Fed) Bank President John Williams on Wednesday.
Fxstreet
Thu, Aug 28
USD/CAD remains depressed below 1.3800 amid higher hopes of Fed cuts
The US Dollar has ticked up from two-week lows below 1.3770 against the Canadian Dollar on Thursday, but remains capped below the 1.3800 level, after depreciating 0.5% over the two previous days, wth investors ramping up bets for Fed cuts.New York Fed President John Williams further fueled these hop
Fxstreet
Thu, Aug 28
USD/JPY holds losses below 147.50 ahead of Q2 US GDP Annualized
USD/JPY depreciates after registering a steady previous session, trading around 147.30 during the European hours on Thursday. The pair loses ground as the Japanese Yen (JPY) gains ground, driven by recent comments from the Bank of Japan (BoJ) Governor Kazuo Ueda.
Fxstreet
Thu, Aug 28
Trump's challenge to Fed independence holds global risk, ECB's Rehn says
HELSINKI, Aug 28 (Reuters) - President Donald Trump's escalating attacks on the U.S. Federal Reserve could have substantial and global knock-on effects on the financial markets and the real economy, ECB policymaker Olli Rehn said in a speech on Thursday.Uncertainty surrounding the world's mo...Reuters
Thu, Aug 28
CORRECTED-FOREX-Dollar on defensive 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 potential collapse of French governmentBy Kevin Buckland TOKYO, Aug 28 (Reuters) - The dollar struggled to make headwa...Reuters
Thu, Aug 28
EUR/GBP softens below 0.8650 on concerns over the French political crisis
The EUR/GBP cross edges lower to near 0.8620 during the early European session. Fears of a French political crisis exert some selling pressure on the Euro (EUR) against the Pound Sterling (GBP). The release of Retail Sales and inflation reports from Germany will be closely watched later on Friday.
Fxstreet
Thu, Aug 28
USD/INR steadies as soft US Dollar offsets US tariffs’ impact on Indian Rupee
The Indian Rupee (INR) trades almost flat at around 87.80 against the US Dollar (USD) in opening trading hours on Thursday after a holiday on Wednesday on account of Ganesh Chaturthi. The USD/INR pair is supported by a sluggish performance from the US Dollar.Fxstreet
Thu, Aug 28
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
USD/CHF extends the decline to near 0.8000 ahead of Swiss/US GDP releases
The USD/CHF pair extends its downside to around 0.8015 during the Asian trading hours on Thursday. The US Dollar (USD) remains under selling pressure against the Swiss Franc (CHF) due to persistent concerns over the Fed’s independence.Fxstreet
Thu, Aug 28
USD/CAD falls toward 1.3750 as US Dollar declines on Fed concerns
USD/CAD extends its losses for the third successive session, trading around 1.3770 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) faces challenges amid rising concerns over the US Federal Reserve’s (Fed) independence.Fxstreet
Thu, Aug 28
Australian Dollar gains ground following rise in Q2 Private Capital Expenditure
The Australian Dollar (AUD) gains ground for the third successive session on Thursday, following the release of Private Capital Expenditure, which rose 0.2% in the second quarter, from the previous decline of 0.1% but falling short of the expected 0.7% increase.
Fxstreet
Thu, Aug 28
Australian dollar hits six-month high on kiwi as rate outlook diverges
SYDNEY, Aug 28 (Reuters) - The Australian dollar hit a fresh six-month high on the kiwi on Thursday as investors bet on diverging rate outlook between the two, while they struggled to claw back much ground against their U.S. counterpart. The Aussie hit a new high of NZ$1.1118 AUDNZD=R, with bulls no
Reuters
Thu, Aug 28
