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Sterling firms against dollar after strong business activity data
By Jaspreet Kalra August 21(Reuters) - Sterling gained against the dollar on Thursday after a survey showed that British businesses are having their best month in a year due to a rebound in the services sector, while investors also kept their focus on the Fed's Jackson Hole symposium. Sterlin...
Reuters
Thu, Aug 21
INDIA RUPEE-Rupee slips as oil importers step up dollar purchases
By Ashwin Manikandan MUMBAI, Aug 21 (Reuters) - The Indian rupee fell on Thursday as aggressive dollar buying by oil importers towards the end of the session pressured the local currency even as persistent greenback sales by foreign banks helped offset some of the losses.The Asian currency INR=IN...
Reuters
Thu, Aug 21
NZD/USD: Oversold conditions suggest 0.5795 is likely out of reach – UOB Group
Scope for New Zealand Dollar (NZD) to weaken further; oversold conditions suggest 0.5795 is unlikely to come under threat. In the longer run, sharp drop seems excessive; for a continued decline, NZD must first break and hold below 0.5800, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZD/USD
Fxstreet
Thu, Aug 21
AUD/USD: Unlikely to weaken much further – UOB Group
Australian Dollar (AUD) is unlikely to weaken much further; it is likely to trade in a lower range of 0.6420/0.6455. In the longer run, risk for AUD is tilted to the downside toward 0.6420, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD
Fxstreet
Thu, Aug 21
EMERGING MARKETS-EM assets mixed as focus shifts to Jackson Hole
Turkey's stocks hit record high, lira remains stableKenya seeks to convert railway loan to yuan Taiwan dollar underperforms due to equity outflowsBy Medha Singh Aug 21 (Reuters) - Emerging market assets were mixed on Thursday as investors awaited policy signals from Federal Reserve Chair Jero...
Reuters
Thu, Aug 21
USD/JPY extends its recovery to 147.60 amid generalised Yen weakness
The US Dollar accelerated its recovery against a weaker Japanese Yen on Friday.
USD/JPY
Fxstreet
Thu, Aug 21
EUR/GBP fails to clear key resistance – Société Générale
EUR/GBP pulled back after failing to break above resistance at 0.8735/0.8765. While support at 0.8590 and the 50-DMA has held, a sustained rebound toward 0.8700 is possible, though a breach of 0.8590 could trigger a deeper decline, Société Générale's FX analysts note.
EUR/GBP
Fxstreet
Thu, Aug 21
EUR/GBP hovers around 0.8650 following PMIs from UK, Eurozone
EUR/GBP remains steady after registering gains in the previous session, trading around 0.8660 during the European hours on Thursday. The currency cross moves little following the release of mixed S&P Global UK Purchasing Managers’ Index (PMI) data.
EUR/GBP
Fxstreet
Thu, Aug 21
AUD/USD extends losing streak for fourth trading day, Fed Powell’s speech in focus
The AUD/USD pair extends its losing streak for the fourth trading day on Thursday. The Aussie pair slides to near 0.6415 in the European trading session, the lowest level seen in almost two months.
AUD/USD
Fxstreet
Thu, Aug 21
Eurozone Construction Output w.d.a (YoY) down to 1.7% in June from previous 2.9%
Eurozone Construction Output w.d.a (YoY) down to 1.7% in June from previous 2.9%
EUR/USD
Fxstreet
Thu, Aug 21
Eurozone Construction Output s.a (MoM) increased to -0.8% in June from previous -1.7%
Eurozone Construction Output s.a (MoM) increased to -0.8% in June from previous -1.7%
EUR/USD
Fxstreet
Thu, Aug 21
GBP/JPY Price Forecast: Refreshes daily peak, around 198.80 after UK PMIs
The GBP/JPY cross regains positive traction on Thursday and moves away from a nearly two-week low, around the 197.85 area touched the previous day.
GBP/JPY
Fxstreet
Thu, Aug 21
NZD/USD: Bearish momentum but RSI near oversold – OCBC
Kiwi fell post-RBNZ policy decision. NZD last seen at 0.5820 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
NZD/USD
Fxstreet
Thu, Aug 21
USD/CHF keeps wavering around 0.8050, awaiting fundamental triggers
The US Dollar reversal from Wednesday’s highs around 0.8090 against the Swiss Franc has been contained right above 0.8020, which leaves the pair moving back and forth within the 70-pip range where it has been trapped for more than seven days.
USD/CHF
Fxstreet
Thu, Aug 21
GBP: Inflation remains too high
At first glance, yesterday's British inflation figures for July were clear: service inflation was two-tenths, while core and headline inflation were each one-tenth higher than expected.
GBP/USD
Fxstreet
Thu, Aug 21
EUR/USD: 2-way trades are likely – OCBC
Euro (EUR) continued to trade subdued. Pair was last at 1.1645 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR/USD
Fxstreet
Thu, Aug 21
EXCLUSIVE-China considering yuan-backed stablecoins to boost global currency usage, sources say
China's State Council to approve new yuan internationalisation plan later this month-sources Yuan-backed stablecoins seen as key amid US dollar dominance-sources Hong Kong and Shanghai to fast-track local implementation of the plan-sources China to discuss wider use of yuan at summit in Tianjin-...
Reuters
Thu, Aug 21
EUR: Optimism over a potential ceasefire/peace fades – ING
EUR/USD is becalmed. It's fair to say that the optimism over a potential ceasefire/peace deal in Ukraine is now fading, as evidenced by EUR/CHF dropping back down to 0.9370, ING's FX analyst Chris Turner notes.
EUR/USD
Fxstreet
Thu, Aug 21
FOREX-Dollar drifts as investors ponder Fed independence, await Jackson Hole
Trump's Fed attacks chip away at investor confidence Investors worry about Fed independence All eyes on Powell's speech at Jackson Hole on Friday Odds of Fed rate cut next month above 80%By Ankur Banerjee and Jaspreet Kalra SINGAPORE, Aug 21 (Reuters) - The U.S. dollar drifted on Thursda...
Reuters
Thu, Aug 21
USD/CAD refreshes almost three-month high near 1.3880 ahead of flash US PMI
The USD/CAD pair trades firmly near a fresh almost three-month high around 1.3880 during the European trading session on Thursday.
USD/CAD
Fxstreet
Thu, Aug 21
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