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EM portfolios see second biggest monthly inflow in four years, IIF data shows
By Rodrigo CamposNEW YORK, Aug 13 (Reuters) - This year's popularity of emerging market assets is showing no sign of let-up as international investors poured a combined $55.5 billion into EM stock and bond portfolios in July, the second-largest monthly total in four years.The total compared with...Reuters
Wed, Aug 13
Sterling edges up to highest level since July on rate outlook
LONDON, Aug 13 (Reuters) - The pound rose to three-week highs against the dollar on Wednesday, as investors grew increasingly convinced that U.S. interest rates are likely to fall more quickly than British ones, following a benign reading of U.S. inflation. Data on Tuesday showed U.S. consumer pr...Reuters
Wed, Aug 13
JPY gains on broader developments ahead of GDP – Scotiabank
The Japanese Yen (JPY) is up 0.4% against the US Dollar (USD) and a relative underperformer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Wed, Aug 13
USD/CAD remains limited below 1.3800, Loonie lacks bullish momentum
The Canadian Dollar is drawing some support from the generalised US Dollar weakness, as the moderate US inflation figures seen on Tuesday boosted expectations of Fed monetary easing in September. The pair, however, remains within previous ranges, as the Loonie lacks upside momentum.
Fxstreet
Wed, Aug 13
Canadian institutional investors cut USD exposure – Scotiabank
The Canadian Dollar (CAD) has picked up a little ground against the weaker USD on the session but gains are minimal and the CAD is underperforming its peers quite obviously, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Wed, Aug 13
FOREX-Dollar slips to two-week low as investors eye Fed cut
Dollar falls as markets ramp up Fed cut betsUS inflation data in line with expectationsTrump weighing lawsuit against Powell over renovationsBy Joice Alves LONDON, Aug 13 (Reuters) - The dollar fell to a two-week low on Wednesday after a tame reading on U.S. inflation bolstered expectations of a ...Reuters
Wed, Aug 13
Standard Chartered lifts year-end ether forecast to $7,500
By Kanchana Chakravarty Aug 13 (Reuters) - Standard Chartered raised its year-end target for ether to $7,500 from $4,000 on Wednesday, citing improvement in industry engagement and uptick in holdings of the cryptocurrency in recent months.The brokerage's new year-end target represents a premi...Reuters
Wed, Aug 13
Kenya wants a funded IMF programme, central bank governor says
NAIROBI, Aug 13 (Reuters) - Kenya wants its next International Monetary Fund programme to be a funded one, its central bank governor said on Wednesday, ahead of an IMF visit next month to discuss a new programme request.In March, Kenya and the IMF abandoned the final review of the East African natio...Reuters
Wed, Aug 13
USD/JPY Price Forecast: US Dollar is nearing a key support area at 147.00
The US Dollar is trading lower against its main peers on Wednesday, and has extended its reversal against the Japanese Yen after the moderate US inflation figures shown on Tuesday boosted hopes that the Fed will cut interest rates in after the summer.July’s Consumer Prices Index figures showed thatFxstreet
Wed, Aug 13
INDIA RUPEE-Indian rupee rises the most in a month on broad dollar weakness
By Ashwin Manikandan MUMBAI, Aug 13 (Reuters) - The Indian rupee gained the most in more than a month on Wednesday as softer U.S. inflation data bolstered hopes of a Federal Reserve rate cut in September, weighing on the dollar.The local currency unit gained 0.31% - its highest intraday gain sinc...Reuters
Wed, Aug 13
NZD/USD approaches 0.6000 amid generalised US Dollar weakness
The New Zealand Dollar appreciates further on Wednesday after breaching resistance at 0.5970 (July 29, August 8 highs), and the pair advances towards the 0.6000 psychological level, boosted by risk appetite and a weaker US Dollar.Investors are celebrating the moderate US inflation figures released o
Fxstreet
Wed, Aug 13
CEE MARKETS-Currencies mostly steady, zloty slightly lags as Ukraine, inflation in focus
PRAGUE, Aug 13 (Reuters) - Central European currencies mostly held steady on Wednesday, buoyed by dollar weakness as expectations of a U.S. interest rate cut next month boosted demand for riskier assets.Poland's zloty trailed peers as investors assessed the probability of the Polish central bank...Reuters
Wed, Aug 13
USD/BRL retreats below 50-DMA, tests key support – Société Générale
USD/BRL is under pressure after failing to break July’s peak, slipping below its 50-day moving average and testing key support near 5.39/5.37, with further downside risk if the level gives way, Société Générale's FX analysts note.Fxstreet
Wed, Aug 13
Standard Chartered lifts year-end ether forecast to $7,500
Aug 13 (Reuters) - Standard Chartered raised its year-end target for ether to $7,500 from $4,000 on Wednesday, citing improvement in industry engagement in recent months and emergence of Ethereum treasury companies. The brokerage also raised its 2028 year-end ether forecast to $25,000 from $7,500W...Reuters
Wed, Aug 13
