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AUD/USD extends rally as Fed rate cut bets grow, focus shifts to RBA
The Australian Dollar (AUD) is consolidating gains against the US Dollar (USD) on Friday, buoyed by weakness in the Greenback amid growing expectations that the Federal Reserve (Fed) will cut interest rates in September, following soft labor market data and signs of a slowing US economy.Fxstreet
Fri, Aug 8
USD/CHF trades below 0.8100 as US tariffs disrupt Swiss gold exports
The Swiss Franc (CHF) remains subdued against the US Dollar (USD) on Friday, with USD/CHF hovering in a familiar range established this week, as traders weigh the latest US tariff decision targeting Swiss Gold exports and its potential fallout on Switzerland’s economy and trade relations.
Fxstreet
Fri, Aug 8
GBP/USD steady as BoE hawkish cut seen as last of 2025; Dollar boosted on Waller rumors
The GBP/USD remains steady during the North American session as the Greenback recovers some ground, even though traders seem convinced that the Bank of England’s (BoE) rate cut on Thursday may be the last during the year. At the time of writing, the pair trades at 1.3437, virtually unchanged.Fxstreet
Fri, Aug 8
GBP tests 1.3450 area a number of times overnight – Scotiabank
Pound Sterling (GBP) reached a marginal new short term high in overnight trade as Asian markets caught up to the hawkish turn of events at yesterday’s BoE policy decision, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Fri, Aug 8
CAD maintains ground against the USD ahead of jobs data – Scotiabank
The Canadian Dollar (CAD) is a marginal outperformer on the day among the major currencies (along with the MXN) by dint of holding relatively steady against the US Dollar (USD) as other currencies drift back ahead of the weekend, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret reporFxstreet
Fri, Aug 8
EUR/USD: Likely to edge above 1.170 – UOB Group
Euro (EUR) may retest, and potentially edge above 1.1700; it does not appear to have enough momentum to threaten 1.1720. In the longer run, EUR is likely to trade with an upward bias; it is unclear for now if it can reach 1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Aug 8
USD/JPY rises beyond 147.50 amid a broadly firmer US Dollar
The US Dollar is reverting to the previous two days' losses as investors welcomed reports suggesting that Fed Governor Waller is emerging as a top candidate for the replacement of Chair Powell in May, while a moderate risk appetite is weighing on the safe-haven Yen.Fxstreet
Fri, Aug 8
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