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USD/CAD weakens to near 1.3750 as expectations mount of Fed rate cut
The USD/CAD pair extends the decline to around 1.3755 during the early Asian session on Thursday. The US Dollar (USD) softens against the Canadian Dollar (CAD) as investors continue to price in further rate cuts by the US Federal Reserve (Fed).
USD/CAD
Fxstreet
Wed, Aug 13
GBP/USD continues to climb ahead of another key double-header data dump
GBP/USD gained even more ground on Wednesday, climbing nearly six-tenths of one percent as US Dollar (USD) flows continues to wither.
GBP/USD
Fxstreet
Wed, Aug 13
Australia unemployment rate expected to edge lower in July, improving to 4.2%
Australia will release its July monthly employment report on Thursday at 1:30 GMT, following the Reserve Bank of Australia (RBA) decision to trim the Official Cash Rate (OCR) by 25 basis points (bps) to 3.6%.
AUD/USD
Fxstreet
Wed, Aug 13
Canadian Dollar churns the waters near key averages
The Canadian Dollar (CAD) spun in a tight circle for the second day in a row on Wednesday as Loonie traders look for signs to move in either direction. The US Dollar (USD) weakened slightly, but a lack of CAD momentum kept the USD/CAD pair trapped near 1.3770.
USD/CAD
Fxstreet
Wed, Aug 13
EUR/USD hits two-week high as Fed dovish bets surge on Bessent remarks
EUR/USD surges on Wednesday, hitting a two-week high at around 1.1730 as the US Dollar (USD) gets battered, sponsored by traders speculating that the Federal Reserve (Fed) might turn dovish following remarks by US Treasury Secretary Scott Bessent.
EUR/USD
Fxstreet
Wed, Aug 13
AUD/USD eases as traders eye Australian jobs data, US PPI
The Australian Dollar (AUD) is paring back part of its intraday advance against the US Dollar (USD) on Wednesday, with the AUD/USD pair retreating from session highs near 0.6562 to trade around 0.6540 during the American session.
AUD/USD
Fxstreet
Wed, Aug 13
Russia Consumer Price Index (MoM): 0.6% (July) vs 0.2%
Russia Consumer Price Index (MoM): 0.6% (July) vs 0.2%
Fxstreet
Wed, Aug 13
GBP/USD rallies as Fed cut bets soar despite hot core CPI
The GBP/USD advances during the North American session, up by 0.56% as the Greenback gets battered amid increasing bets that the Federal Reserve might resume its easing cycle as soon as September. The pair trades at 1.3572 after bouncing off lows of 1.3487.
GBP/USD
Fxstreet
Wed, Aug 13
Euro climbs to near three-week high amid US Dollar weakness and Fed rate cut bets
The Euro (EUR) extends gains for the second consecutive session on Wednesday, climbing above $1.1700 to its highest level in nearly three weeks, supported by broad US Dollar (USD) weakness after the latest US Consumer Price Index (CPI) report.
EUR/USD
US Dollar Index
Fxstreet
Wed, Aug 13
EUR/CHF Price Forecast: Bulls eye breakout above 0.9430 as Swiss Franc under pressure on US tariff shock
The EUR/CHF cross is trading flat but remains resilient above the 0.9400 level on Wednesday, consolidating its recent gains after a strong rebound from the lower end of its multi-month trading range.
EUR/CHF
Fxstreet
Wed, Aug 13
EUR/GBP weakens as Pound holds firm ahead of UK, Eurozone GDP data
The Euro (EUR) extends its decline against the British Pound (GBP) on Wednesday, with EUR/GBP coming under renewed selling pressure after failing to sustain Tuesday’s overnight bounce. At the time of writing, the pair trades near 0.8625 in the early American session, down around 0.25% on the day.
EUR/GBP
Fxstreet
Wed, Aug 13
Brazil Retail Sales (MoM) below expectations (0.7%) in June: Actual (-0.1%)
Brazil Retail Sales (MoM) below expectations (0.7%) in June: Actual (-0.1%)
Fxstreet
Wed, Aug 13
JPY gains on broader developments ahead of GDP – Scotiabank
The Japanese Yen (JPY) is up 0.4% against the US Dollar (USD) and a relative underperformer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/JPY
Fxstreet
Wed, Aug 13
GBP extends Tuesday’s jobs-driven rally – Scotiabank
The Pound Sterling (GBP) is up 0.6% against the US Dollar (USD) and outperforming most of the G10 currencies into Wednesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP/USD
Fxstreet
Wed, Aug 13
USD/CAD remains limited below 1.3800, Loonie lacks bullish momentum
The Canadian Dollar is drawing some support from the generalised US Dollar weakness, as the moderate US inflation figures seen on Tuesday boosted expectations of Fed monetary easing in September. The pair, however, remains within previous ranges, as the Loonie lacks upside momentum.
USD/CAD
Fxstreet
Wed, Aug 13
EUR extending recovery and threatening fresh highs – Scotiabank
The Euro (EUR) is entering Wednesday’s NA session with an impressive 0.5% gain against the US Dollar (USD), rising in tandem with most of its G10 peers in an environment of broadbased USD weakness.
EUR/USD
Fxstreet
Wed, Aug 13
Canadian institutional investors cut USD exposure – Scotiabank
The Canadian Dollar (CAD) has picked up a little ground against the weaker USD on the session but gains are minimal and the CAD is underperforming its peers quite obviously, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/CAD
Fxstreet
Wed, Aug 13
USD/JPY Price Forecast: US Dollar is nearing a key support area at 147.00
The US Dollar is trading lower against its main peers on Wednesday, and has extended its reversal against the Japanese Yen after the moderate US inflation figures shown on Tuesday boosted hopes that the Fed will cut interest rates in after the summer.July’s Consumer Prices Index figures showed that
USD/JPY
Fxstreet
Wed, Aug 13
AUD/USD jumps to near 0.6560 as US Dollar underperforms across the board
The AUD/USD pair posts a fresh two-week high around 0.6560 during the European trading session on Wednesday.
AUD/USD
Fxstreet
Wed, Aug 13
NZD/USD approaches 0.6000 amid generalised US Dollar weakness
The New Zealand Dollar appreciates further on Wednesday after breaching resistance at 0.5970 (July 29, August 8 highs), and the pair advances towards the 0.6000 psychological level, boosted by risk appetite and a weaker US Dollar.Investors are celebrating the moderate US inflation figures released o
NZD/USD
Fxstreet
Wed, Aug 13
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