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PBOC sets USD/CNY reference rate at 7.1321 vs. 7.1287 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1321 as compared to the previous day's fix of 7.1287 and 7.1871 Reuters estimate.
Japan's National CPI rises 3.1% YoY in July, Core CPI climbs more than expected
Japan's National Consumer Price Index (CPI) rose by 3.1% YoY in July, compared to the previous reading of 3.3%, according to the latest data released by the Japan Statistics Bureau on Friday.
USD/CAD softens to near 1.3900 ahead of Powell's Jackson Hole speech
The USD/CAD pair loses traction to near 1.3905, snapping the three-day winning streak during the early Asian session on Friday. A rebound in crude oil prices provides some support to the commodity-linked Loonie.
Fed's Collins signals openness to rate cut as soon as next month
Federal Reserve (Fed) Bank of Boston President Susan Collins signaled openness to a rate cut as soon as Septemebr, citing tariff pressures and potential labor market weakness despite near-term inflation risks, the Wall Street Journal reported on late Thursday.
Fed's Goolsbee: US economic data sending contradictory signals
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said late Thursday that September's Fed meeting remains open for action. Goolsbee further stated that the US central bank has been getting mixed messages on the economy.
USD/CHF Price Forecast: Climbs above 20-day SMA, eyes on 0.81
USD/CHF clears the 20-day SMA of 0.8076, rises over 0.56% sponsored by mixed economic data in the US that triggered a reaction by investors, who trimmed dovish Fed bets for the upcoming September meeting. The pair trades at 0.8087, about to crack the 0.81 handle.
EUR/USD retreats as strong US PMI lifts Dollar, Powell in focus
EUR/USD retreats some 0.40% during the North American session as the Greenback posts solid gains following the release of economic data from the United States (US).
Canadian Dollar weakens again amid fresh Greenback bids
The Canadian Dollar (CAD) took another step down against the US Dollar (USD) on Thursday, dipping into fresh 13-week lows and pushing the USD/CAD pair back into the 1.3900 handle.
Forex Today: Will Chair Powell...?
The US Dollar (USD) outperformed its peers on Thursday, gathering extra steam on the back of solid data releases and steady caution ahead of the critical speech by Chief Jerome Powell at the Jackson Hole Symposium on Friday. So far, consensus continues to favour a rate cut in September.
NZD/USD steadies after RBNZ rate cut, attention turns to Powell at Jackson Hole
The New Zealand Dollar (NZD) is finding its footing against the US Dollar (USD) on Thursday after heavy selling in the wake of the Reserve Bank of New Zealand's (RBNZ) rate cut a day earlier, which dragged the pair to its lowest level in four months.
Banxico Minutes show split vote, further cuts lie ahead
Banco de Mexico (Banxico) revealed the minutes of the August 7 monetary policy meeting, in which the central bank decided to reduce rates by 25 basis points (bps) to 7.75% on a vote split, with Deputy Governor Jonathan Heath in favor of keeping rates unchanged.
GBP/JPY climbs as strong UK Services PMI lifts Pound
The GBP/JPY advanced during the North American session, up 0.34% after following the release of solid economic data from Britain that outweighed solid Purchasing Managers Index (PMI) figures in Japan. The cross-pair trades at 198.91 after bouncing off daily lows of 198.12.
EU: What's required for capital markets union? - Standard Chartered
The lack of integrated capital markets in the EU is holding back innovation and productivity growth. Despite a renewed push by the European Commission, significant operational barriers to CMU persist. Factors such as incomplete banking union and political disagreements create further headwinds.
Fed's Hammack: Unclear if tariffs will ultimately be one-time impact
Beth Hammack, the President of the Federal Reserve Bank of Cleveland, struck a hawkish tone in remarks on Thursday, stressing the need to keep inflation in check. She warned that tariff impacts are only beginning to show in the economy and may intensify next year.
Australian Dollar Price Forecast: The 200-day SMA emerges on the horizon
The Australian Dollar (AUD) stayed under pressure on Thursday, with AUD/USD slipping toward two-month lows near the 0.6400 support. It was the pair's fourth straight daily decline, this time amid a solid performance of the US Dollar (USD).
GBP/USD extends losing streak as strong US PMI fuels Dollar strength, Jackson Hole in focus
The British Pound (GBP) extends its decline for the fourth consecutive day against the US Dollar (USD) on Thursday, with GBP/USD slipping below the 1.3450 level. At the time of writing, the pair is trading near 1.3435, weighed down by a stronger Greenback and diverging economic signals.
EUR/USD holds ground around 1.1650 as markets eye US PMI release
The Euro (EUR) is trading with a muted tone against the US Dollar (USD) on Thursday, holding steady around 1.1650 as markets digest the latest US labor data and await fresh business activity figures.
EUR/GBP steady above 0.8650 as traders weigh US-EU deal and PMI data
The Euro (EUR) is holding steady against the British Pound (GBP) on Thursday, consolidating gains after Wednesday's sharp rebound.
US: Initial Jobless Claims rose to 235K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance rose to 235K for the week ending August 16.
Gold drifts lower as US Dollar steadies, traders eye upcoming US economic data
Gold (XAU/USD) edges lower on Thursday, retreating modestly after Wednesday's sharp rebound from three-week lows, as the metal failed to clear technical resistance near $3,350.
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