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EUR/GBP dips to multi-week lows below 0.8600 after bright UK data
The Euro extended losses as the Pound Sterling surged across the board on Thursday, as stronger-than-expected UK GDP and Manufacturing production figures provided further reasons for the BoE to keep interest rates steady for some time.Data released by National Statistics showed that the UK economy g
Fxstreet
Thu, Aug 14
NZD/USD retreats from two-week top, slides to mid-0.5900s amid goodish USD recovery
The NZD/USD pair faces rejection near the 50-day Simple Moving Average (SMA) on Thursday and retreats from the vicinity of the 0.6000 psychological mark, or over a two-week high touched the previous day.
Fxstreet
Thu, Aug 14
GBP/JPY find ground near 198.60 on upbeat UK GDP data
The GBP/JPY pair finds a temporary cushion near 198.60 during Thursday’s European session after correcting sharply from the psychological level of 200.00 earlier in the day. The pair attracts some bids after the release of the United Kingdom (UK) Gross Domestic Product (GDP) and the factory data.
Fxstreet
Thu, Aug 14
BOJ Faces Internal and External Pressures as the Underlying Inflation Justification Falters, Bessent Calls Out Inaction
TradingKey - As the prospect of Federal Reserve rate cuts strengthens and the Bank of Japan’s (BOJ) rationale of “underlying inflation” comes under increasing scrutiny, the USD/JPY exchange rate has continued to decline since August. Analysts believe the BOJ may ditch its vague “underlying inflation
TradingKey
Thu, Aug 14
USD/CHF Price Forecast: Trades sideways around 0.8050 ahead of US PPI data
The USD/CHF pair consolidates in a tight range around 0.8050 during the European trading session on Thursday. The Swiss Franc pair wobbles ahead of the release of the United States (US) Producer Price Index (PPI) data for July, which will be published at 12:30 GMT.
Fxstreet
Thu, Aug 14
USD/CAD struggles near 1.3750 as Fed rate cut bets, Oil supports Canadian Dollar
USD/CAD remains subdued for the third successive day, trading around 1.3760 during the Asian hours on Thursday. The pair struggles as the US Dollar (USD) loses ground amid rising odds of further rate cuts by the US Federal Reserve (Fed).
GBP/USD holds steady above 1.3550 as investors await UK GDP, US PPI releases
The GBP/USD pair trades on a flat note around 1.3575 during the Asian trading hours on Thursday. Traders prefer to wait on the sidelines ahead of the key data from both the United Kingdom (UK) and the United States (US).Fxstreet
Thu, Aug 14
EUR/USD steadies around 1.1700 ahead of Q2 Eurozone GDP, US PPI data
EUR/USD moves little after two days of losses as the US Dollar (USD) experiences a technical recovery, trading around 1.1700 during the Asian hours on Thursday. Traders await Eurozone Gross Domestic Product (GDP) data for the second quarter due later in the day.Fxstreet
Thu, Aug 14
NZD/USD strengthens above 0.5950 ahead of US PPI release
The NZD/USD pair gains ground to near 0.5985 during the Asian trading hours on Thursday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) as traders ramp up bets for a Federal Reserve (Fed) rate cut in September.Fxstreet
Thu, Aug 14
Australian Dollar advances following improved employment data
The Australian Dollar (AUD) extends its winning streak for the third successive day on Thursday, following the release of domestic labor market data. The AUD/USD pair also gained support as the US Dollar (USD) depreciates amid rising odds of further rate cuts by the US Federal Reserve (Fed).Fxstreet
Thu, Aug 14
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