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EUR/USD slips below 1.1600 as Greenback holds firm despite Trump-Fed tensions
The Euro (EUR) came under renewed pressure against the US Dollar (USD) on Wednesday as a stronger Greenback, soft German Consumer Confidence data, and escalating political tensions in France weighed on the single currency, with EUR/USD slipping below the key 1.1600 psychological mark.
EUR/USD
Fxstreet
Wed, Aug 27
EUR/JPY rangebound as focus turns to Eurozone sentiment and Japan CPI
The Euro (EUR) recovers some lost ground against the Japanese Yen (JPY) on Wednesday, with EUR/JPY trading near 171.76 at the time of writing. The cross had slipped to a one-week low earlier in the day after disappointing German Consumer Confidence data briefly pressured the single currency.
EUR/JPY
Fxstreet
Wed, Aug 27
EUR is underperforming on broadening political uncertainty – Scotiabank
The Euro (EUR) is weak, down 0.5% against the US Dollar (USD) and underperforming the G10 currencies as we head into Wednesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
EUR/USD
Fxstreet
Wed, Aug 27
USD/JPY: Likely to trade in a range between 146.40 and 148.40 – UOB Group
US Dollar (USD) is expected to trade in a range between 147.00 and 148.00. In the longer run, outlook is mixed; USD could trade in a range between 146.40 and 148.40, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY
Fxstreet
Wed, Aug 27
CAD outperforming on crosses as spreads offer support – Scotiabank
The Canadian Dollar (CAD) is down a marginal 0.1% against the US Dollar (USD) and outperforming on the crosses, extending its tight post-Jackson Hole range as it maintains its recent gains, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
USD/CAD
Fxstreet
Wed, Aug 27
NZD/USD Likely to trade between 0.5820 and 0.5920 – UOB Group
The price action provides no fresh clues; New Zealand Dollar (NZD) is expected to range-trade between 0.5835 and 0.5875.
NZD/USD
Fxstreet
Wed, Aug 27
EUR/GBP Price Forecast: Under growing bearish pressure towards the 0.8600 area
The Euro is trading lower for the third consecutive day against the British Pound on Wednesday, with bears attempting to break the bottom of an expanding wedge, at 0.8625 aiming for the bottom of the last two months’ trading range, at 0.8595.In the absence of key fundamental drivers, the Euro is on
EUR/GBP
Fxstreet
Wed, Aug 27
NZD/USD nears multi-month lows at 0.5800 on broad-based US Dollar strength
The New Zealand Dollar is struggling on Wednesday against a stronger US Dollar. The pair depreciates about 0.60% so far, reaching weekly lows right above 0.5820 and approaching four-month lows, at 0.5800
NZD/USD
Fxstreet
Wed, Aug 27
AUD/USD slides to near 0.6470 as US Dollar gains, PCE Inflation in focus
The AUD/USD pair falls to near 0.6470 during the European trading session on Wednesday.
AUD/USD
Fxstreet
Wed, Aug 27
USD/JPY: Election review report delayed to early-September – OCBC
At Jackson Hole last weekend, Governor Ueda spoke about wage growth spreading from large enterprises to SMEs and barring a major negative demand shock, he expects labour market in Japan to remain tight and to continue to exert upward pressure on wages.
USD/JPY
Fxstreet
Wed, Aug 27
USD/CHF tests intra-week highs at 0.8070 on generalised Dollar strength
The US Dollar is outperforming its rivals on Wednesday, unfazed by US President Trump’s attempts to influence the Federal Reserve’s decisions.
USD/CHF
Fxstreet
Wed, Aug 27
EUR/USD: Watching French political risk – OCBC
Euro (EUR) continued to trade restraint.
EUR/USD
Fxstreet
Wed, Aug 27
EU to propose removing tariffs on US goods to meet Trump's demands – Bloomberg
Citing people familiar with the matter, Bloomberg reported on Wednesday that the European Union (EU) is looking to quicken its move to pass the legislation to remove all tariffs on US industrial goods.
EUR/USD
Fxstreet
Wed, Aug 27
TRY: Lira crosses 41 to the dollar even as FX deposit scheme axed – Commerzbank
USD/TRY breached the 41.0 level this week amid media and policymaker commentary about positive developments on the economic front. The lira exchange rate versus a 50-50 basket of USD and EUR is depreciating at faster than 40% annualised.
USD/TRY
Fxstreet
Wed, Aug 27
USD/CAD picks up to 1.3850, remains wavering within previous ranges
The US Dollar is posting moderate gains against the Loonie on Wednesday.
Brent
USD/CAD
Fxstreet
Wed, Aug 27
EUR: Euro proving resilient to France – ING
The Euro (EUR) is not actively trading on the French political turmoil, but it’s likely facing some degree of restraint from it. French equities had another bad day, but what matters is OAT's performance.
EUR/USD
Fxstreet
Wed, Aug 27
Silver Price Forecast: XAG/USD retreats below $38.50 amid a firmer Dollar
Silver’s (XAG/USD) accelerates its reversal from last week’s highs right above $39.00, to levels below $38.50, with bears testing support at Tuesday’s low of $39.35, amid a broad-based US Dollar strength on Wednesday.The US Dollar Index, which measures the value of the US Dollar against the world’s
Silver
Fxstreet
Wed, Aug 27
Indian Rupee sees more downside as US tariffs on India set to kick in
The Indian Rupee is expected to see more downside against the US Dollar (USD) as increased tariffs on imports from India to the United States (US) are set to come into effect at 12:01 AM EDT or 09:31 PM IST.
Fxstreet
Wed, Aug 27
Switzerland ZEW Survey – Expectations down to -53.8 in August from previous 2.4
Switzerland ZEW Survey – Expectations down to -53.8 in August from previous 2.4
USD/CHF
Fxstreet
Wed, Aug 27
GBP/JPY rises to near 199.00 as BoJ rate cut bets ease
GBP/JPY gains ground after registering losses in the previous session, trading around 198.80 during the European hours on Wednesday. The currency cross appreciates as the Pound Sterling (GBP) receives support as traders expect the Bank of England (BoE) to avoid further rate cuts.
GBP/JPY
Fxstreet
Wed, Aug 27
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