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FOREX-Dollar falls as Trump's move to fire Fed governor spooks investors
Trump fires Governor Cook amid push for more influence at FedCook's removal highlights worries over Fed independenceEUR, GBP lead gains against U.S. dollarFrench bonds tumble as government faces collapseBy Jaspreet Kalra MUMBAI, Aug 26 (Reuters) - The dollar stumbled against major currencies ...
Reuters
Tue, Aug 26
Brazil's current account deficit widens sharply in July
BRASILIA, Aug 26 (Reuters) - Brazil posted a wider-than-expected current account deficit in July, central bank data showed on Tuesday, further compounding a 12-month shortfall not covered by foreign direct investment (FDI), a sign of deteriorating external accounts.Latin America's largest econom...
Reuters
Tue, Aug 26
Brazil Mid-month Inflation registered at -0.14% above expectations (-0.23%) in August
Brazil Mid-month Inflation registered at -0.14% above expectations (-0.23%) in August
Fxstreet
Tue, Aug 26
EUR up modestly and outperforming G10 – Scotiabank
The Euro (EUR) is up 0.2% against the US Dollar (USD) and outperforming all of the G10 currencies in quiet trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR/USD
Fxstreet
Tue, Aug 26
CAD quiet ahead of Macklem speech – Scotiabank
The Canadian Dollar (CAD) is trading in a tight range and entering Tuesday’s NA session with a marginal gain against the US Dollar (USD)
USD/CAD
Fxstreet
Tue, Aug 26
CAD steady ahead of BoC Gov. Macklem speech – Scotiabank
The US Dollar (USD) is soft but overall movement remains limited as G10 currencies respond to news of President Trump’s moves to fire Fed Gov, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/CAD
Fxstreet
Tue, Aug 26
AUD/USD edges up to near 0.6500 ahead of US Durable Goods Orders data
The AUD/USD pair ticks higher to near the psychological level of 0.6500 during the European trading hours on Tuesday.
AUD/USD
Fxstreet
Tue, Aug 26
EUR/GBP Price Forecast: Euro reversal brings 0.8600 support area into focus
The Euro posted a significant reversal from the 0.8670 area on Monday, printing a bearish engulfing candle on the daily chart. This figure has strongly negative connotations and has shifted the pair’s focus towards the key support area around 0.8600.
EUR/GBP
Fxstreet
Tue, Aug 26
Brazil posts wider-than-expected current account deficit in July
BRASILIA, Aug 26 (Reuters) - Brazil posted a current account deficit of $7.067 billion in July, central bank data showed on Tuesday, wider than the $5.6 billion shortfall expected in a Reuters poll of economists.Foreign direct investment for the month totaled $8.324 billion, exceeding the $5 billion...
Reuters
Tue, Aug 26
USD/CAD pulls back below 1.3850 ahead of US data, BoC Macklem's speech
The US Dollar has retraced its previous gains against the loonie on Tuesday, retreating to levels right below 1.3850 after being capped at intra-day highs near 1.3870.
USD/CAD
Fxstreet
Tue, Aug 26
AUD/USD holds range as RBA minutes signal more easing – BBH
AUD/USD dipped slightly but remains within its multi-month 0.6400-0.6600 range, BBH FX analysts report, BBH FX analysts report.
AUD/USD
Fxstreet
Tue, Aug 26
USD/JPY expected to trade in a range between 146.70 and 148.00 – UOB Group
US Dollar (USD) is expected to trade in a range between 146.70 and 148.00. In the longer run, outlook is mixed; USD could trade in a range between 146.40 and 148.40, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY
Fxstreet
Tue, Aug 26
Sterling ticks up against dollar after Trump's Fed salvo
By Jaspreet Kalra Aug 26 (Reuters) - Sterling was modestly higher against the dollar on Tuesday after U.S. President Donald Trump's announcement that he was firing Federal Reserve Governor Lisa Cook dragged down the dollar over concerns about the central bank's independence. Sterling GBP=...
Reuters
Tue, Aug 26
RPT-COLUMN-Dollar turn emboldens dogged wariness of Wall Street: Mike Dolan
By Mike DolanLONDON, Aug 26 (Reuters) - So-called value investors have had a brutal decade avoiding what they see as overvalued but outperforming U.S. stocks - and missing the boat. But aside from the handful of high-flying Wall Street megacaps, some insist dollar strength did much of the heavy lift...
Reuters
Tue, Aug 26
NZD/USD: Likely to trade between 0.5830 and 0.5875 – UOB Group
The current price movements are likely part of a range-trading phase between 0.5830 and 0.5875.
NZD/USD
Fxstreet
Tue, Aug 26
EUR: French political uncertainty is on the rise acting as a dampener on Euro – MUFG
One of the main developments at the start of this week has been the announcement from French Prime Minister Francois Bayrou that he has agreed with President Emmanuel Macron to call parliament back into session early in order to allow the government to present its budget plan and hold a confidence m
EUR/USD
Fxstreet
Tue, Aug 26
AUD/USD: Likely to trade in a range of 0.6455/0.6505 – UOB Group
Australian Dollar (AUD) is likely to trade in a range of 0.6455/0.6505. In the longer run, slight increase in upward momentum is likely to lead to a higher range of 0.6440/0.6540 rather than a sustained advance, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD
Fxstreet
Tue, Aug 26
GBP/USD: Likely to trade in a range between 1.3440 and 1.3520 – UOB Group
Pound Sterling (GBP) is likely to trade in a range between 1.3440 and 1.3520. In the longer run, further GBP strength is not ruled out, but it is unclear if there is enough momentum for it to reach 1.3595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP/USD
Fxstreet
Tue, Aug 26
JPY: Still hoping for wages – Commerzbank
The Bank of Japan remains convinced that rising wage growth will lead to sustainably higher inflation. Meanwhile, lower inflation regarding food prices is pushing down the overall rate. Excluding energy and food, inflation has been below 2% for some time now.
USD/JPY
Fxstreet
Tue, Aug 26
EUR/JPY price forecast: Falls to near 171.50 as bearish bias emerges
EUR/JPY extends its losses for the second successive session, trading around 171.50 during the European hours on Tuesday. The technical analysis of the daily chart suggests the emergence of a bearish market bias as the currency cross is remaining slightly below the ascending channel pattern.
EUR/JPY
Fxstreet
Tue, Aug 26
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