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EUR/GBP slides further toward 0.8750 as traders pare back bets for BoE cuts
The Euro keeps heading south against the British Pound on Friday. The pair has lost nearly 90 pips since the Bank of England released its monetary policy decision, as price action approaches 0.8650 and is on track for a 0.8% weekly decline.
Fxstreet
Fri, Aug 8
USD/CHF approaches 0.8100 with the Swiss Franc on the defensive
The Swiss Franc is underperforming on Friday, hammered by a moderate risk appetite and the threat from hefty US tariffs on Swiss imports, which is boosting a mild USD/CHF recovery from Thursday’s lows at 0.8045 to levels nearing 0.8100.The Swiss President Karin Keller-Sutter left Washington on Thurs
Fxstreet
Fri, Aug 8
Pound Sterling holds gains as traders pare BoE interest rate cut bets after tight vote
The Pound Sterling (GBP) holds onto Thursday’s gains during the European trading session on Friday as traders pare bets supporting interest rate cuts by the Bank of England (BoE) after the monetary policy announcement on Thursday, in which officials decided to cut rates but after a very tight vote.Fxstreet
Fri, Aug 8
USD/CAD Price Forecast: Holds 20-day EMA around 1.3730 ahead of Canadian employment data
The USD/CAD pair trades in a tight range around 1.3730 during the European trading session on Friday. The Loonie pair consolidates as investors await the Canadian labor market data for July, which will be published at 12:30 GMT.
Fxstreet
Fri, Aug 8
EUR/JPY Price Forecast: Constructive outlook prevails, first upside barrier emerges above 172.00
The EUR/JPY cross loses traction to around 171.60 during the early European session on Friday. The Japanese Yen (JPY) edges higher against the Euro (EUR) after the Japanese trade envoy’s comments.
Fxstreet
Fri, Aug 8
AUD/JPY sits near weekly top, bulls await sustained move beyond 96.00 mark
The AUD/JPY cross reverses an Asian session dip to the 95.65 area and climbs back closer to the weekly high touched earlier this Friday. Spot prices, however, lack follow-through, with bulls awaiting a sustained strength and acceptance above the 95.00 mark before positioning for any further gains.
Fxstreet
Fri, Aug 8
GBP/JPY holds onto gains near 198.00, BoJ warns of global trade uncertainty
The GBP/JPY pair clings to gains after a three-day winning streak around 198.00 during the late Asian trading session on Friday. The cross remains broadly firm as a hawkish interest rate cut by the Bank of England (BoE) has pushed the Pound Sterling on the front foot.
Fxstreet
Fri, Aug 8
USD/CAD consolidates below mid-1.3700s; looks to Canadian jobs data for fresh impetus
The USD/CAD pair struggles to gain any meaningful traction and oscillates in a narrow range, below mid-1.3700s during the Asian session on Friday. Meanwhile, spot prices remain close to a one-week low touched the previous day and seem poised to register weekly losses amid a bearish US Dollar (USD).Fxstreet
Fri, Aug 8
USD/INR gains as US-India trade tensions diminish Indian economy outlook
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Friday after a three-day winning streak. The USD/INR recovers to near 87.75 as the market experts have warned that trade tensions between the United States (US) and India could hit Indian exports significantly.
Fxstreet
Fri, Aug 8
USD/CHF treads water above 0.8050 as US tariffs weigh on Swiss Franc
USD/CHF remains steady for the second consecutive day, hovering around 0.8060 during the Asian trading hours on Friday. However, the pair may appreciate as the Swiss Franc (CHF) could receive downwards pressure due to newly enacted 39% tariffs on United States (US) imports from Switzerland.Fxstreet
Fri, Aug 8
Japanese Yen drifts lower against rebounding USD; downside potential seems limited
The Japanese Yen (JPY) attracts some intraday sellers after the Summary of Opinions from the Bank of Japan's (BoJ) July meeting showed that policymakers remain worried about the potential negative impact of higher US tariffs on the domestic economy.
Fxstreet
Fri, Aug 8
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