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GBP/USD Price Forecast: Crucial upside barrier emerges near 1.3600, traders await US PPI release
The GBP/USD pair trades on a stronger note around 1.3540 during the early European session on Wednesday. Traders ramp up their bets that the US Federal Reserve (Fed) will lower the borrowing costs at its September 16-17 policy meeting, which weighs on the US Dollar (USD) against the Cable.
Fxstreet
Wed, Sep 10
USD/INR opens lower on US-India trade deal optimism
The Indian Rupee (INR) opens on a positive note against the US Dollar (USD) on Wednesday. The USD/INR pair corrects to near as the Indian Rupee gains on hopes that the United States (US) and India will resolve their trade tensions and reach a trade pact soon.Fxstreet
Wed, Sep 10
USD/CHF holds steady below 0.8000; eyes SNB Chairman Schlegel's speech, US inflation data
The USD/CHF pair struggles to capitalize on the previous day's goodish recovery move from the 0.7915 area, or the lowest level since July 23, and seesaws between tepid gains/minor losses during the Asian session on Wednesday.
Fxstreet
Wed, Sep 10
Silver Price Forecast: XAG/USD drifts higher to near $41.00 on odds of bigger Fed rate cut
The Silver price (XAG/USD) attracts some buyers to around $41.00 during the Asian trading hours on Wednesday. The white metal edges higher amid a weaker US Dollar (USD) and the escalating tension in the Middle East.
Fxstreet
Wed, Sep 10
NZD/USD holds firm above 0.5900 despite soft Chinese CPI data
The NZD/USD pair gathers strength near 0.5930 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) edges higher against the Greenback despite softer Chinese inflation data. The US Producer Price Index (PPI) inflation data for August will take center stage later on Wednesday.
Fxstreet
Wed, Sep 10
GBP/USD reverses gains ahead of US inflation figures
GBP/USD briefly touched a four-week peak on Tuesday, testing chart territory north of 1.3550 before getting dragged back into the low side, snapping a two-day winstreak and putting Cable back on track for a decline to the 1.3500 handle.Fxstreet
Tue, Sep 9
USD/JPY weakens below 147.50 as traders bet on Fed rate cut
The USD/JPY pair loses momentum to around 147.35 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the Japanese Yen (JPY) amid speculation of a larger rate cut by the US Federal Reserve (Fed) next week.Fxstreet
Tue, Sep 9
AUD/USD grapples with Greenback resurgence
AUD/USD briefly toyed with a seven-week high north of 0.6600 before settling back and paring intraday gains. Tuesday saw another sharp downside revision in US jobs data, reigniting market-wide glee for Federal Reserve (Fed) interest rate cuts.Fxstreet
Tue, Sep 9
Canadian Dollar sinks after NFP revisions drive US Dollar higher
The Canadian Dollar (CAD) backslid on Tuesday, driven lower by a general improvement in US Dollar (USD) flows. The Loonie is down over one-quarter of one percent against the Greenback, with the US Dollar Index (DXY) climbing nearly 0.3% on the day for comparison.Fxstreet
Tue, Sep 9
GBP/USD slips as weak US payroll revision keeps Fed cut bets intact
The GBP/USD retreats during the North American session after the latest Nonfarm Payrolls revision, was worse than expected, according to Bloomberg estimates. At the time of writing, the pair trades at 1.3542 after hitting a daily high of 1.3590, down 0.01%.Fxstreet
Tue, Sep 9
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