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USD/CAD rises to fresh three-month highs near 1.3900
USD/CAD continues to gain ground for the second successive day, trading around 1.3870 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains ground ahead of the US Federal Reserve’s (Fed) Minutes for the July meeting.
Fxstreet
Wed, Aug 20
USD/INR bounces back as FIIs continue to pare stake in Indian stock market
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Wednesday after a three-day winning streak. The USD/INR rebounds to near 87.30 as the consistent outflow of foreign funds from Indian stock markets, despite the announcement of Goods and Services Tax (GST) reforms by the government,
Fxstreet
Wed, Aug 20
GBP/USD Price Forecast: Slides below mid-1.3400s, over one-week low ahead of UK CPI
The GBP/USD pair drifts lower for the third consecutive day on Wednesday – also marking the fourth day of a negative move in the previous five – and drops to an over one-week low during the Asian session.
Fxstreet
Wed, Aug 20
EUR/USD extends downside below 1.1650 ahead of ECB’s Lagarde speech
The EUR/USD pair extends the decline to near 1.1635 during the early European trading hours on Wednesday. The US Dollar (USD) strengthens against the Euro (EUR) as traders await the Federal Reserve's (Fed) annual Jackson Hole symposium later on Friday for clues on the US interest rate path.Fxstreet
Wed, Aug 20
NZD/USD Price Forecast: Falls toward 0.5700 after RBNZ policy decision
NZD/USD continues its three-day losing streak, trading around 0.5830 during the Asian hours on Wednesday. The pair loses ground after the Reserve Bank of New Zealand (RBNZ) announced to cut interest rates by 25 basis points, bringing the Official Cash Rate (OCR) to 3%, as expected.
Fxstreet
Wed, Aug 20
Japanese Yen edges higher as BoJ-Fed divergence offsets weak domestic data
The Japanese Yen (JPY) reverses a modest Asian session downtick led by mixed domestic data and turns positive for the second straight day against a firmer US Dollar (USD) on Wednesday. A government report showed that Japan’s core Machinery Orders unexpectedly rose in June.
Fxstreet
Wed, Aug 20
UK CPI is expected to tick up, endorsing BoE hawks’ positions
The United Kingdom (UK) June Consumer Price Index (CPI) is scheduled for release on Wednesday at 06:00 GMT. The report, released by the Office for National Statistics (ONS), is closely watched amid the potential impact of inflation data on the Bank of England (BoE) monetary policy decisions.Fxstreet
Wed, Aug 20
NZD/USD falls to near 0.5850 as RBNZ delivers a quarter basis point rate cut
NZD/USD extends its losses for the third successive session, trading around 0.5850 during the Asian hours on Wednesday. The pair depreciates following the interest rate decision by the Reserve Bank of New Zealand (RBNZ).Fxstreet
Wed, Aug 20
GBP/USD eases ahead of bloated data docket
GBP/USD eased lower on Tuesday, edging back below 1.3500 as Cable traders await a reason to make a move. The trading week opened up with little of note on the economic data docket, leaving markets to react to headline flows that remained constrained.Fxstreet
Tue, Aug 19
USD/CAD posts modest gains above 1.3850 as Canadian CPI data raises odds of BoC rate cut
The USD/CAD pair posts modest gains near 1.3870 during the early Asian session on Wednesday. The Canadian Dollar (CAD) weakens against the US Dollar (USD) as cooler Canadian inflation data raised expectations that the Bank of Canada (BoC) would cut interest rates in the coming months.Fxstreet
Tue, Aug 19
EUR/USD steadies below 1.1650 as markets await Powell’s Jackson Hole speech
EUR/USD consolidates during the North American session above the 1.1600 figure as traders await the Federal Reserve (Fed) Chair Jerome Powell's speech at Jackson Hole, alongside the outcome of the Ukraine-Russia conflict solution. The pair trades at around 1.1640, down 0.12% at the time of writing.Fxstreet
Tue, Aug 19
New Zealand Dollar dips with RBNZ cut in focus, Fed minutes on deck
The New Zealand Dollar (NZD) weakens against the US Dollar (USD) on Tuesday, as traders reposition ahead of key macro catalysts, including the release of the Federal Reserve's July meeting minutes and the Jackson Hole Symposium later this week.Fxstreet
Tue, Aug 19
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