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GBP/USD slides as Fed Governor Cook faces fraud allegations, UK inflation surges
GBP/USD tumbles during the North American session with traders shrugging off high inflation in the UK as the White House pressures Fed Governor Lisa Cook to step aside from the board. The pair trades at 1.3469, down 0.15%.
EUR/USD steadies as Trump targets Fed's Cook, markets await FOMC Minutes
The Euro (EUR) holds firm against the US Dollar (USD) on Wednesday, snapping a two-day losing streak, as the Greenback comes under pressure following renewed political tension surrounding the Federal Reserve (Fed).
South Korea: BoK likely to stay on hold - Standard Chartered
BoK to hold the rate but it will be a close call for a cut. KTBs have been range-bound lately; a BoK terminal rate of c.2.15% is priced in for this cycle. KTB demand/supply dynamics are less favourable in the long end; CD seasonality turns negative.
Canadian Dollar steadies as Fed Minutes and political tensions weigh on Greenback
The Canadian Dollar (CAD) steadies against the US Dollar (USD) on Wednesday, as political pressure on the Federal Reserve (Fed) drags the Greenback lower.
Fed Minutes to offer clues on rate cut possibility amid uncertain tariff landscape
The Minutes of the United States (US) Federal Reserve's (Fed) July 29-30 monetary policy meeting will be published on Wednesday at 18:00 GMT.
US President Trump calls on Fed Governor Cook to resign
In a post published on Truth Social on Wednesday, United States (US) President Donald Trump called on Federal Reserve Governor Lisa Cook to resign, providing a link to a Bloomberg article that is titled "Trump Ally Calls on Bondi to Probe Fed's Cook Over Mortgages." "The director of the Federal Housing Finance Agency is urging Attorney General Pam Bondi to investigate Federal Reserve Governor Lisa Cook over a pair of mortgages, the latest in a series of moves by the Trump administration to increase legal
USD/CHF remains capped below 0.8090 ahead of the FOMC Minutes
The US Dollar has been trapped within a 70-pip horizontal range against the Swiss Franc during the last week and remains trading without a clear direction on Wednesday after being rejected, again, at the 0.8090 area.
JPY is still quiet and range bound - Scotiabank
The Japanese Yen (JPY) is up a modest 0.2% vs. the USD and outperforming all of its G10 peers with the exception of NOK, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP is ignoring stronger than expected CPI as yield spreads support - Scotiabank
The Pound Sterling (GBP) is also entering Wednesday's NA session unchanged against the US Dollar (USD), recovering from early Asian session losses on the back of a stronger than expected CPI release, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR is trading flat for now - Scotiabank
The Euro (EUR) is entering Wednesday's NA session unchanged against the US Dollar (USD) as it extends its recent consolidation with ongoing congestion around 1.1650, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD slide on CPI looks overdone but technicals are weak - Scotiabank
The Canadian Dollar (CAD) started off yesterday's session underperforming and continued to slide over the rest of the day following the release of softer than expected headline CPI for July, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/JPY: Likely to trade in a range between 147.35 and 148.20 - UOB Group
The current price movements in Japanese Yen (JPY) are likely part of a range-trading phase between 147.35 and 148.20. In the longer run, USD has likely moved back into a range-trading phase between 146.50 and 148.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD mixed, NZD tumbles after RBNZ - Scotiabank
The US Dollar (USD) is trading mixed versus is major currency peers but gains versus the core majors overnight appear to have peaked, leaving the Dollar Index (DXY) trading down modestly on the session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/JPY trades slightly lower around 147.50 ahead of key US-Japan economic events
The USD/JPY pair ticks down to near 147.50 during the European trading session on Wednesday.
NZD/USD licks its wounds above 0.5815 after a post-RBNZ selloff
The New Zealand Dollar is the worst performer of the G8 currencies so far on Wednesday. The pair has lost more than 1% against the US Dollar, following a "dovish cut" by the Reserve Bank of New Zealand earlier today, which sent the pair to four-month lows at 0.5815.
AUD/USD: Risk for AUD is tilted to the downside toward 0.6420 - UOB Group
Rapid increase in downward momentum is likely to lead to further losses, but Australian Dollar (AUD) may not reach 0.6420. 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: Going up is harder than going down - Commerzbank
Hardly anyone will be interested in what the minutes of the last FOMC meeting at the end of July reveal this evening. The decisive factor for the market will be what Fed Chairman Jerome Powell says in his speech on Friday at the conference in Jackson Hole, which begins tomorrow.
GBP/USD: Likely to trade in a range between 1.3415 and 1.3585 - UOB Group
Downward momentum continues to increase, and there is a chance for Pound Sterling (GBP) to drop to 1.3460. In the longer run, GBP is now neutral; it is likely to trade in a range between 1.3415 and 1.3585, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD slumps to near 0.6420 as antipodeans underperform, FOMC minutes eyed
The AUD/USD pair declines for the third trading day in a row on Wednesday. The Aussie pair slides to near 0.6425 as antipodeans underperform its peers.
RBNZ: More dovish than expected - Commerzbank
The kiwi is under significant pressure this morning, losing around 1% against the US dollar following the Reserve Bank of New Zealand's (RBNZ) meeting.
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