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USD/CAD weakens to near 1.3750 as expectations mount of Fed rate cut
The USD/CAD pair extends the decline to around 1.3755 during the early Asian session on Thursday. The US Dollar (USD) softens against the Canadian Dollar (CAD) as investors continue to price in further rate cuts by the US Federal Reserve (Fed).
Fxstreet
Wed, Aug 13
Fintech dLocal hikes 2025 guidance after growth beats expectations
By Sarah Morland Aug 13 (Reuters) - Uruguayan fintech dLocal DLO.O on Wednesday raised its growth forecasts for 2025, after its second-quarter earnings topped analyst forecasts, helped by more diversified operations and solid results in Brazil and Mexico.The payments provider, which operates acro...Reuters
Wed, Aug 13
Specialty packaging firm CCL Industries Q2 sales beat estimates
OverviewCCL Industries Q2 sales rise 4.8% to C$1.93 bln, beating estimatesAdjusted EPS up 8% to C$1.22, basic EPS down 22.4%The Toronto-headquartered company returned C$155.8 mln to shareholders in dividends and buybacksOutlookCompany expects modest currency translation tailwind for Q3 2025 earnings...Reuters
Wed, Aug 13
Australia unemployment rate expected to edge lower in July, improving to 4.2%
Australia will release its July monthly employment report on Thursday at 1:30 GMT, following the Reserve Bank of Australia (RBA) decision to trim the Official Cash Rate (OCR) by 25 basis points (bps) to 3.6%.
Fxstreet
Wed, Aug 13
Canadian Dollar churns the waters near key averages
The Canadian Dollar (CAD) spun in a tight circle for the second day in a row on Wednesday as Loonie traders look for signs to move in either direction. The US Dollar (USD) weakened slightly, but a lack of CAD momentum kept the USD/CAD pair trapped near 1.3770.Fxstreet
Wed, Aug 13
EUR/USD hits two-week high as Fed dovish bets surge on Bessent remarks
EUR/USD surges on Wednesday, hitting a two-week high at around 1.1730 as the US Dollar (USD) gets battered, sponsored by traders speculating that the Federal Reserve (Fed) might turn dovish following remarks by US Treasury Secretary Scott Bessent.
Fxstreet
Wed, Aug 13
CANADA FX DEBT-Canadian dollar steadies as BoC minutes reveal split on rate outlook
Loonie trades in a range of 1.3752 to 1.3782BoC minutes show split among policymakersPrice of oil settles 0.8% lowerBond yields fall across the curveBy Fergal Smith TORONTO, Aug 13 (Reuters) - The Canadian dollar was barely changed against its U.S. counterpart on Wednesday, as oil prices fell and...Reuters
Wed, Aug 13
FOREX-Dollar slips further as anticipation mounts of Fed interest rate cut
US inflation data in line with expectations adds to rate cut betsTrump considers lawsuit against Powell over renovationsBessent says could see series of Fed rate cuts - Bloomberg interviewBy Saqib Iqbal Ahmed and Joice Alves NEW YORK, Aug 13 (Reuters) - The dollar slipped for a second straight se...Reuters
Wed, Aug 13
AUD/USD eases as traders eye Australian jobs data, US PPI
The Australian Dollar (AUD) is paring back part of its intraday advance against the US Dollar (USD) on Wednesday, with the AUD/USD pair retreating from session highs near 0.6562 to trade around 0.6540 during the American session.Fxstreet
Wed, Aug 13
GBP/USD rallies as Fed cut bets soar despite hot core CPI
The GBP/USD advances during the North American session, up by 0.56% as the Greenback gets battered amid increasing bets that the Federal Reserve might resume its easing cycle as soon as September. The pair trades at 1.3572 after bouncing off lows of 1.3487.Fxstreet
Wed, Aug 13
Euro climbs to near three-week high amid US Dollar weakness and Fed rate cut bets
The Euro (EUR) extends gains for the second consecutive session on Wednesday, climbing above $1.1700 to its highest level in nearly three weeks, supported by broad US Dollar (USD) weakness after the latest US Consumer Price Index (CPI) report.Fxstreet
Wed, Aug 13
EUR/CHF Price Forecast: Bulls eye breakout above 0.9430 as Swiss Franc under pressure on US tariff shock
The EUR/CHF cross is trading flat but remains resilient above the 0.9400 level on Wednesday, consolidating its recent gains after a strong rebound from the lower end of its multi-month trading range.
Fxstreet
Wed, Aug 13
FOREX-Dollar extends weakness as anticipation mounts of Fed interest rate cut
US inflation data in line with expectations adds to rate cut betsTrump considers lawsuit against Powell over renovationsBessent says could see series of Fed rate cuts - Bloomberg interviewBy Saqib Iqbal Ahmed and Joice Alves NEW YORK, Aug 13 (Reuters) - The dollar fell for a second straight sessi...Reuters
Wed, Aug 13
EUR/GBP weakens as Pound holds firm ahead of UK, Eurozone GDP data
The Euro (EUR) extends its decline against the British Pound (GBP) on Wednesday, with EUR/GBP coming under renewed selling pressure after failing to sustain Tuesday’s overnight bounce. At the time of writing, the pair trades near 0.8625 in the early American session, down around 0.25% on the day.
Fxstreet
Wed, Aug 13
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Wednesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0% higher at C$1.377 to the greenback, or 72.62 U.S. cents, after trading in a range of 1.3752 to 1.3782.Canadian government 10-year bond yields CA10YT...Reuters
Wed, Aug 13
Bessent says could see series of Fed rate cuts -Bloomberg interview
Aug 13 (Reuters) - U.S. TREASURY SECRETARY BESSENT ON FED: THERE'S GOOD CHANCE OF 50 BASIS POINT RATE CUT -BLOOMBERG INTERVIEWBESSENT ON FED: THINK WE COULD GO INTO A SERIES OF RATE CUTSBESSENT ON FED: RATE CUT WOULD SIGNAL AN ADJUSTMENTBESSENT ON FED COMMITTEE: WE'LL SEE WHEN MIRAN CAN GET ...Reuters
Wed, Aug 13
