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USD/JPY recovery remains limited below 148.00 with hopes of Fed cuts weighing
The US Dollar is posting moderate gains against the Japanese Yen on Monday, but remains limited below the 148.00 levels, and far below Friday’s highs near 151.00. Higher bets that the Fed will cut rates further in the next months are weighing on the US Dollar’s recovery.
Fxstreet
Mon, Aug 4
EUR/USD: Chance for EUR to test 1.1625 – UOB Group
Sharp rally appears excessive, but there is a chance for Euro (EUR) to test 1.1625 against US Dollar (USD). In the longer run, for the time being, EUR is likely to trade in a range between 1.1435 and 1.1660, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Mon, Aug 4
NZD/USD recovery stalls below 0.5925 as the US Dollar picks up from lows
The New Zealand Dollar treads water above 0.5900 on Monday’s early European session as the market sobers up to the weak US employment figures seen on Friday, and the US Dollar and US Treasury yields pick up from Friday’s lows.
Fxstreet
Mon, Aug 4
USD/CAD holds below 1.3800 as weaker US job data fuels Fed rate cut expectations
The USD/CAD pair trades on a softer note around 1.3780 during the early European trading hours on Monday. The Greenback edges lower against the Canadian Dollar (CAD) due to the weaker-than-expected US July job data.
Fxstreet
Mon, Aug 4
EUR/GBP tumbles to near 0.8700 as traders await BoE rate decision
The EUR/GBP cross loses momentum to near 0.8715, snapping the two-day losing streak during the early European trading hours on Monday. Investors will closely monitor the Bank of England (BoE) interest rate decision on Thursday.
Fxstreet
Mon, Aug 4
AUD/JPY recovers further from multi-week low, climbs to 95.80 amid a broadly weaker JPY
The AUD/JPY cross attracts some buyers during the Asian session on Monday and reverses a part of Friday's slump to the 95.00 neighborhood, or a nearly four-week low. Spot prices climb to a fresh daily peak, around the 95.80 region in the last hour, and draw support from a combination of factors.
Fxstreet
Mon, Aug 4
EUR/JPY strengthens to near 171.00 amid uncertainty about timing of BoJ's next rate hike
The EUR/JPY cross gains momentum to near 171.00 during the Asian trading hours on Monday. The Japanese Yen (JPY) weakens against the Euro (EUR) amid reduced Bank of Japan (BoJ) rate hike expectations and political uncertainty in Japan.
Fxstreet
Mon, Aug 4
EUR/USD holds onto gains below 1.1600 as US Dollar trades cautiously
The EUR/USD pair clings to Friday’s gains near 1.1570 during the late Asian session on Monday. The major currency pair trades firmly as the US Dollar (USD) has been pushed to the backfoot, following questions over the credibility of the United States (US) data agencies.Fxstreet
Mon, Aug 4
GBP/USD Price Forecast: Resistance appears at 1.3300 near nine-day EMA
The GBP/USD pair moves sideways after registering more than 0.5% gains in the previous day, trading around 1.3280 during the Asian hours on Monday. The bearish bias prevails as the daily chart’s technical analysis suggests that the pair moves downwards within the descending channel pattern.Fxstreet
Mon, Aug 4
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