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FOREX-Dollar gains before key Powell speech at Jackson Hole on Friday
All eyes on Fed chair's address at Jackson Hole Odds of Fed rate cut next month at 77%Jobless claims rise by most in three monthsUS business activity picked up pace in AugustBy Karen Brettell NEW YORK, Aug 21 (Reuters) - The dollar gained on Thursday before a highly anticipated speech by Fed...Reuters
Thu, Aug 21
GBP/USD extends losing streak as strong US PMI fuels Dollar strength, Jackson Hole in focus
The British Pound (GBP) extends its decline for the fourth consecutive day against the US Dollar (USD) on Thursday, with GBP/USD slipping below the 1.3450 level. At the time of writing, the pair is trading near 1.3435, weighed down by a stronger Greenback and diverging economic signals.
Fxstreet
Thu, Aug 21
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Thursday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.1% lower at C$1.3893 to the greenback, or 71.98 U.S. cents, after trading in a range of 1.387 to 1.3895.Canadian government 10-year bond yields CA10YT=RR ...Reuters
Thu, Aug 21
FOREX-Dollar drifts as investors ponder Fed independence, await Jackson Hole
All eyes on Powell's speech at Jackson Hole on Friday Odds of Fed rate cut next month at 79%Trump's Fed attacks chip away at investor confidence US, EU lock in trade deal with 15% levy on European exportsBy Jaspreet Kalra SINGAPORE, Aug 21 (Reuters) - The U.S. dollar drifted on Thursday ...Reuters
Thu, Aug 21
EUR extending flat consolidation as PMI’s offer little – Scotiabank
The Euro (EUR) is quietly consolidating within an incredibly tight range in the mid-1.16s, extending the flat consolidation that has prevailed over the last couple of weeks, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Thu, Aug 21
USD/CAD Price Forecast: Testing key resistance at the 1.3880 area
The US Dollar trades higher for the fourth consecutive day against its Canadian Counterpart on Thursday, with bulls pushing against three-month highs at the 1.3880 area, ahead of US preliminary PMI figures due later on Thursday and, more importantly, Fed Chair Powell’s speech on Friday.Business actiFxstreet
Thu, Aug 21
USD/JPY: Likely to trade in a range between 146.90 and 147.90 – UOB Group
US Dollar (USD) is likely to trade in a range between 146.90 and 147.90. In the longer run, a narrower range of 146.50/148.50 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Aug 21
Sterling firms against dollar after strong business activity data
By Jaspreet Kalra August 21(Reuters) - Sterling gained against the dollar on Thursday after a survey showed that British businesses are having their best month in a year due to a rebound in the services sector, while investors also kept their focus on the Fed's Jackson Hole symposium. Sterlin...Reuters
Thu, Aug 21
INDIA RUPEE-Rupee slips as oil importers step up dollar purchases
By Ashwin Manikandan MUMBAI, Aug 21 (Reuters) - The Indian rupee fell on Thursday as aggressive dollar buying by oil importers towards the end of the session pressured the local currency even as persistent greenback sales by foreign banks helped offset some of the losses.The Asian currency INR=IN...Reuters
Thu, Aug 21
NZD/USD: Oversold conditions suggest 0.5795 is likely out of reach – UOB Group
Scope for New Zealand Dollar (NZD) to weaken further; oversold conditions suggest 0.5795 is unlikely to come under threat. In the longer run, sharp drop seems excessive; for a continued decline, NZD must first break and hold below 0.5800, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Aug 21
AUD/USD: Unlikely to weaken much further – UOB Group
Australian Dollar (AUD) is unlikely to weaken much further; it is likely to trade in a lower range of 0.6420/0.6455. In the longer run, risk for AUD is tilted to the downside toward 0.6420, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Aug 21
EMERGING MARKETS-EM assets mixed as focus shifts to Jackson Hole
Turkey's stocks hit record high, lira remains stableKenya seeks to convert railway loan to yuan Taiwan dollar underperforms due to equity outflowsBy Medha Singh Aug 21 (Reuters) - Emerging market assets were mixed on Thursday as investors awaited policy signals from Federal Reserve Chair Jero...Reuters
Thu, Aug 21
EUR/GBP fails to clear key resistance – Société Générale
EUR/GBP pulled back after failing to break above resistance at 0.8735/0.8765. While support at 0.8590 and the 50-DMA has held, a sustained rebound toward 0.8700 is possible, though a breach of 0.8590 could trigger a deeper decline, Société Générale's FX analysts note.Fxstreet
Thu, Aug 21
