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EUR/USD recovers modestly as US Dollar softens on mixed ISM Manufacturing PMI
The Euro (EUR) trims some of its earlier losses against the US Dollar (USD) on Tuesday, as the Greenback loses momentum following the release of mixed US manufacturing Purchasing Managers' Index (PMI) data.
Fxstreet
Tue, Sep 2
GBP/CAD slides to four-week low as UK gilt rout rattles Sterling, Canada PMI shows improvement
The Pound Sterling (GBP) faces broad-based selling pressure on Tuesday, with GBP/CAD tumbling sharply as concerns over the United Kingdom's (UK) fiscal trajectory and surging Gilt yields dominate market sentiment.
Fxstreet
Tue, Sep 2
GBP weak and underperforming G10 – Scotiabank
The Pound Sterling (GBP) is underperforming all of the G10 currencies with a 1.1% decline against the US Dollar (USD), weakening in response to renewed fiscal concerns that have driven UK yields to fresh multi-decade highs, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Tue, Sep 2
CAD softer versus USD but pick up on the crosses – Scotiabank
The Canadian Dollar (CAD) is softer against the generally stronger US Dollar (USD) on the session but losses are relatively limited, leaving the CAD the top-performer after the big dollar among G10 currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Tue, Sep 2
EUR/USD stalls below key trendline at 1.1740 – Société Générale
EUR/USD remains rangebound, oscillating around its 50-day moving average and capped by a multi-month descending trendline at 1.1740. A decisive break below last week’s low at 1.1580 would expose deeper retracement targets at 1.1525 and 1.1465, Société Générale's FX analysts note.Fxstreet
Tue, Sep 2
Eurozone August CPI Rebounds Above 2%, But Diverging Rate Cut Outlook Weighs on Euro
TradingKey - The Eurozone’s August CPI rose to 2.1% year-on-year, up from 2.0% in July, marking the first time since April that inflation has exceeded the European Central Bank’s (ECB) 2% target. While the rebound strengthens expectations for a hold on rates in September, internal divisions withinTradingKey
Tue, Sep 2
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