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USD/CAD trades flat below 1.3750 as traders await nominations for next Fed Chair
The USD/CAD pair holds steady near 1.3740 during the early Asian session on Thursday. Investors remain cautious about US President Trump’s plans for Chief Jerome Powell’s replacement and further developments on tariffs ahead of the upcoming deadline.
Fxstreet
Wed, Aug 6
Silver Price Forecast: XAG/USD rises toward $3800 on US Dollar slide
Silver Price advances during the North American session, up by 0.39% as the Greenback weakens more than 0.50%, as revealed by the US Dollar Index (DXY). At the time of writing, the XAG/USD trades at $37.88 after hitting a low of $37.31.
Fxstreet
Wed, Aug 6
GBP/USD extends bullish rebound ahead of expected BoE rate cut
GBP/USD caught a much-needed lift on Wednesday, rising back above 1.3350 as bullish momentum claws back chart paper following last week’s one-sided plunge into 15-week lows near 1.3140. The Bank of England (BoE) is on the board for Thursday, poised to deliver a 25 bps interest rate cut.
Fxstreet
Wed, Aug 6
GBP/USD climbs to 1.3340 ahead of BoE meeting Fed speaker blitz
The GBP/USD climbs solidly during the North American session, up by 0.37% ahead of the Bank of England’s (BoE) meeting and as traders digest the recent Nonfarm Payroll figures, and over the weekend developments, that opened a spot for US President Trump to nominate a Fed Governor.Fxstreet
Wed, Aug 6
Canadian Dollar edges higher amid trade tensions and weak US Dollar
The Canadian Dollar (CAD) is trading with a mild bid tone against the US Dollar (USD) on Wednesday, albeit within a narrow range, as the Greenback remains on the defensive but holds firm near the lower end of its range established following last week’s Nonfarm Payrolls (NFP) report.Fxstreet
Wed, Aug 6
USD/JPY: Likely to consolidate between 147.00 and 148.20 – UOB Group
The current price movements are likely part of a consolidation phase between 147.00 and 148.20. In the longer run, sharp drop in USD has scope to extend, but any decline may not break below 145.80, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Aug 6
NZD/USD: Likely between 0.5860 and 0.5960 – UOB Group
New Zealand Dollar (NZD) could edge higher against US Dollar (USD) but is unlikely to be able to break above 0.5930. In the longer run, NZD is expected to range trade, most likely between 0.5860 and 0.5960, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Aug 6
AUD/USD gains sharply to near 0.6500 as Trump hints optimism on US-China trade deal
The AUD/USD pair jumps to near 0.6500 during the European trading session. The Aussie pair strengthens as antipodeans outperform its peers amid optimism that the United States (US) and China will reach a tariff deal soon.Fxstreet
Wed, Aug 6
GBP/USD: Expected to continue to trade in a range – UOB Group
Pound Sterling (GBP) is expected to continue to trade in a range against US Dollar (USD), albeit a higher one of 1.3270/1.3320. In the longer run, the likelihood of GBP breaking clearly below 1.3140 has diminished considerably, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Aug 6
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