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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.
Fed's Bostic: Inflation remains well above Fed's 2% target
Atlanta Federal Reserve (Fed) President Raphael Bostic said on Thursday that the Fed policy has been positioned to return inflation to the 2% target, per Reuters.
AUD/USD picks up from two-month lows at 0.6415 ahead of US data
The Aussie Dollar is attempting to regain lost ground against its US counterpart on Thursday, following a 1.75% sell-off in the last five trading days.
UK: Mirroring its European counterparts - NOMURA
The UK PMIs also surprised to the upside relative to our and consensus expectations. The composite PMI output index rose by 1.6pts to 53.0. The rise was squarely concentrated in the services sector, however.
Fed's Schmid: Not in a hurry to cut interest rates
Federal Reserve Bank of Kansas City President Jeff Schmid said on Thursday that the last mile of inflation will be "pretty hard," per Reuters.
JPY underperforming G10 - Scotiabank
The Japanese Yen (JPY) is weak, down 0.3% against the US Dollar (USD) and underperforming all of the G10 currencies into Thursday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP outperforming G10 with modest gain - Scotiabank
The Pound Sterling (GBP) is up a modest 0.1% against the US Dollar (USD) and outperforming all of the G10 currencies with the exception of NOK, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR extending flat consolidation as PMI's offer little - Scotiabank
The Euro (EUR) is quietly consolidating within an incredibly tight range in the mid-1.16s, extending the flat consolidation that has prevailed over the last couple of weeks, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD trades little changed - Scotiabank
The Canadian Dollar (CAD) is trading little changed from where we were for most of the session yesterday, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD mixed to lower as focus remains on Fed - Scotiabank
It all looks fairly quiet on the FX front this morning as markets await tomorrow's comments from Fed Chair Powell.
USD/CAD Price Forecast: Testing key resistance at the 1.3880 area
The US Dollar trades higher for the fourth consecutive day against its Canadian Counterpart on Thursday, with bulls pushing against three-month highs at the 1.3880 area, ahead of US preliminary PMI figures due later on Thursday and, more importantly, Fed Chair Powell's speech on Friday.Business acti
USD: Powell's balancing act at Jackson Hole - DBS
Going into Fed Chair Jerome Powell's speech at Jackson Hole today, the USD is caught between the Fed's caution and the White House's push for lower interest rates. The July 30 FOMC Minutes showed most Fed officials viewing the tariff passthrough into inflation as the bigger risk than weak jobs.
USD/JPY: Likely to trade in a range between 146.90 and 147.90 - UOB Group
US Dollar (USD) is likely to trade in a range between 146.90 and 147.90. In the longer run, a narrower range of 146.50/148.50 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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.
China: After resilience comes the slowdown and more support - ABN AMRO
Q2 GDP data showed a remarkable resilience, with exports holding up despite tariff war ... but recent activity data confirm domestic imbalances, and weakening growth momentum.
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.
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.
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