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EMERGING MARKETS-Risk aversion puts EM assets subdued; spotlight on Turkey, Poland
EM stocks, FX flatTurkey inflation falls to 32.95% in AugPolish rate decision due at 1300 GMTBy Pranav Kashyap Sept 3 (Reuters) - Most emerging market currencies and stocks hovered in limbo on Wednesday amid a risk-off sweep, while investors awaited a rate decision in Poland. The gauges trac...Reuters
Wed, Sep 3
AUD/USD: Likely to trade in a range of 0.6480/0.6540 – UOB Group
Instead of continuing to decline, Australian Dollar (AUD) is more likely to trade in a range of 0.6480/0.6540. In the longer run, AUD is expected to trade in a range, most likely between 0.6460 and 0.6560, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Sep 3
USD/CHF hovers around 0.8050 as traders adopt caution ahead of Fed Beige Book
USD/CHF struggles after two days of gains, trading around 0.8040 during the European hours on Wednesday. The pair receives downward pressure as the US Dollar (USD) faces challenges amid rising odds of the US Federal Reserve (Fed) delivering interest rate cut in September.
Fxstreet
Wed, Sep 3
Britain's economy is not broken, says finance minister Reeves
LONDON, Sept 3 (Reuters) - British finance minister Rachel Reeves said the country's economy was not broken, but acknowledged there were still challenges to solve, highlighting a need to keep inflation and borrowing costs down."Britain's economy isn't broken," she said."But I...Reuters
Wed, Sep 3
FOREX-Sterling, yen slip as traders worry about fiscal, political uncertainties
Sterling, yen struggle to regain footingInvestors worried about rising debt levels globallyUncertainty over Japan's political future clouds BOJ outlookBy Rae Wee and Joice Alves SINGAPORE/LONDON, Sept 3 (Reuters) - The British pound and the yen continued to fall on Wednesday, as investors wor...Reuters
Wed, Sep 3
EUR/JPY Price Forecast: Rises above 173.00 due to prevailing bullish bias
EUR/JPY continues its winning streak for the fifth successive session, trading around 173.20 during the European hours on Wednesday. The technical analysis of the daily chart suggests the prevailing bullish market bias as the currency cross is remaining within the ascending channel pattern.
Fxstreet
Wed, Sep 3
UK to deliver budget on November 26, finance ministry says
LONDON, Sept 3 (Reuters) - British finance minister Rachel Reeves will deliver her annual budget on November 26, her department said on Wednesday. The announcement comes at a time of renewed financial market scrutiny on Britain, with worries about the UK's ability to keep its finances under cont...Reuters
Wed, Sep 3
USD/CAD surges to near 1.3800 as US yields rise ahead of Fed Beige Book
USD/CAD extends its gains for the third successive session, trading around 1.3800 during the European hours on Wednesday. The US JOLTS Job Openings and the US Federal Reserve (Fed) Beige Book will be eyed later in the North American session.
Fxstreet
Wed, Sep 3
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