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NZD/USD gathers strength above 0.5900 ahead of RBNZ Inflation Expectations release
The NZD/USD pair gathers strength to near 0.5920 during the early European session on Wednesday. Increased expectations of a Federal Reserve (Fed) rate cut weigh on the US Dollar (USD). Fed officials are scheduled later on Wednesday, including Susan Collins, Lisa Cook and Mary Daly.
Fxstreet
Wed, Aug 6
EUR/GBP weakens to near 0.8700 after German Factory Orders data
The EUR/GBP cross trades in negative territory around 0.8700 during the early European session on Wednesday. The Euro (EUR) edges lower against the Pound Sterling (GBP) due to weaker Eurozone Purchasing Managers Index (PMI) data.
Fxstreet
Wed, Aug 6
GBP/JPY holds above 196.00 as traders await BoE policy update on Thursday
The GBP/JPY cross attracts some sellers in the vicinity of mid-196.00s during the Asian session on Wednesday and, for now, seems to have stalled the previous day's goodish recovery move from the lowest level since June 19.
Fxstreet
Wed, Aug 6
USD/INR extends correction as RBI holds Repo Rate at 5.5%, guides neutral stance
The Indian Rupee (INR) gains sharply against the US Dollar (USD) and its other peers on Wednesday as the Reserve Bank of India (RBI) has left key borrowing rates steady. The RBI keeps its Repo Rate on hold at 5.5%, as expected.Fxstreet
Wed, Aug 6
AUD/JPY rises above 95.50 following disappointing Japan’s Labor Cash Earnings
AUD/JPY extends its gains for the second consecutive day, trading around 95.70 during the Asian hours on Wednesday. The currency cross rose as the Japanese Yen (JPY) faced challenges following disappointing wage data, which fueled renewed economic concerns in Japan.
Fxstreet
Wed, Aug 6
USD/CHF holds losses near 0.8050 as traders expect a Fed rate cut at upcoming meeting
USD/CHF edges lower after two days of gains, trading around 0.8070 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) weakens due to prevailing dovish sentiment surrounding the US Federal Reserve (Fed) policy outlook.
Fxstreet
Wed, Aug 6
GBP/USD strengthens above 1.3305 as investors await Fed board appointee
The GBP/USD pair trades on a positive note near 1.3305 during the Asian trading hours on Wednesday. The Greenback softens against the Pound Sterling (GBP) as traders await US President Donald Trump's pick for a vacancy on the Federal Reserve's (Fed) Board of Governors.Fxstreet
Wed, Aug 6
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