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Yuan hits one-week high on stronger fix, eyes on Fed
SHANGHAI, Aug 21 (Reuters) - China's yuan firmed to a one-week high against the dollar on Thursday, after the central bank set its strongest daily guidance in nine months, while investors await cues from the Federal Reserve on the currency's near-term direction.Prior to the market opening, t...Reuters
Thu, Aug 21
EUR/USD holds loses around 1.1650 ahead of Eurozone PMI data
EUR/USD edges lower after registering slight gains in the previous session, trading around 1.1640 during the Asian hours on Thursday. The Euro (EUR) depreciates against the US Dollar (USD) ahead of HCOB Purchasing Managers’ Index (PMI) data from Germany and the Eurozone.
Fxstreet
Thu, Aug 21
Silver Price Forecast: XAG/USD gains ground above $37.50 on Fed rate cut hopes
The Silver price (XAG/USD) gains traction to near $37.85 during the Asian trading hours on Thursday. The white metal receives support from the expectation of a US Federal Reserve (Fed) rate cut in the September meeting.
Fxstreet
Thu, Aug 21
RPT-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
FOREX-Dollar drifts as investors ponder Fed independence ahead of Powell speech
Trump calls on Fed Governor Cook to resignInvestors worry about Fed independence Powell's speech at Jackson Hole on Friday the main focusKiwi near 4-month lows after rate cutBy Ankur Banerjee SINGAPORE, Aug 21 (Reuters) - The U.S. dollar drifted on Thursday as investors fretted about the Fede...Reuters
Thu, Aug 21
New Zealand dollar plumbs 4-month lows as markets rush for rate cuts
SYDNEY, Aug 21 (Reuters) - The New Zealand dollar wallowed at a four-month trough on Thursday as investors rushed to price in more monetary policy easing there, pushing short-term market rates to their lowest since early 2022.The policy outlook has shifted radically since the Reserve Bank of New Zea...Reuters
Thu, Aug 21
NZD/USD weakens below 0.5850 on dovish RBNZ cut
The NZD/USD pair loses ground near 0.5815 during the early Asian session on Thursday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) after the Reserve Bank of New Zealand (RBNZ) delivered a rate cut and left the door open for further moves lower.
Fxstreet
Thu, Aug 21
China considering yuan-backed stablecoins to boost global currency usage, sources say
Aug 20 (Reuters) - China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.Reuters
Thu, Aug 21
USD/CAD holds steady above 1.3850 amid rising odds of BoC rate cut
The USD/CAD pair trades flat near 1.3870 during the early Asian session on Thursday. The Canadian Dollar (CAD) steadies against the US Dollar (USD) near an earlier three-month low as the latest Canadian inflation data raised odds that the Bank of Canada (BoC) would resume its easing campaign.Fxstreet
Wed, Aug 20
Brazil police find evidence Bolsonaro considered Argentina asylum request
BRASILIA, Aug 20 (Reuters) - Brazilian federal police found a letter directed to Argentine President Javier Milei in which former Brazilian President Jair Bolsonaro requested political asylum, a Supreme Court document showed on Wednesday.The document did not clarify whether the letter was sent to th...Reuters
Wed, Aug 20
USD/JPY Price Forecast: Consolidates but falls below 50-day SMA
USD/JPY prints back-to-back bearish days during the week, down 0.17% on Wednesday as the Greenback sold off on fears that the Trump administration threatens the Federal Reserve’s independence. At the time of writing, the pair trades at 147.37 after hitting a daily high of 147.81.Fxstreet
Wed, Aug 20
Canadian Dollar freezes in place as Loonie fails to bounce back
The Canadian Dollar (CAD) is struggling to find momentum heading through the midweek. The Loonie took a fresh hit after Canadian Consumer Price Index (CPI) inflation eased slightly, but otherwise gave no clear direction for the Bank of Canada (BoC) to operate with.Fxstreet
Wed, Aug 20
EUR/USD holds near 1.1660 as Fed Minutes clash with Trump’s pressure
EUR/USD advances steadily during the North American session as the Federal Reserve (Fed) unveils its latest Meeting Minutes. At the time of writing, the pair trades at around 1.1660 and clings to minimal gains of 0.13%.Fxstreet
Wed, Aug 20
FOREX-Dollar falls as Trump calls on Fed's Cook to resign
Dollar falls as Trump calls on Fed's Cook to resignFed meeting minutes show only two policymakers supported rate cutNZ dollar at four-month low as RBNZ flags further rate cutsBy Karen Brettell NEW YORK, Aug 20 (Reuters) - The dollar fell on Wednesday after U.S. President Donald Trump called o...Reuters
Wed, Aug 20
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