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USD/CAD is pushing against multi.month highs at 1.3880
The US Dollar extends gains against its Canadian Counterpart on Wednesday, with price action pushing against the 1.3880 level, where the pair was capped on August 1.
GBP/USD: Bullish momentum on daily chart is fading - OCBC
Pound Sterling (GBP) extended its decline amid broad USD bound. Pair was last at 1.3499 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR: Lagarde speaks in Geneva - ING
EUR/USD is drifting lower in quiet markets. It might be easy to link this to a lack of progress on Ukraine peace talks, but this seems more like a generalised dollar move. Perhaps there is some modest risk reduction going on as investors pare back some EM exposures.
EUR/USD: Holding pattern - OCBC
Euro (EUR) was a touch softer overnight, as US Dollar (USD) saw mild rebound. Pair was last at 1.1643 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
China SMEI: Performance weakened in August - Standard Chartered
Headline SMEI retreated to 50 in August; the performance sub-index fell into contractionary territory. The softening was broad-based, albeit modest, across both manufacturing and services SMEs.
NZD/USD pressures key 200-DMA support - Société Générale
NZD/USD is testing the lower edge of its consolidation range and the 200-day moving average near 0.5800. A failure to reclaim resistance at 0.5940 would leave the pair vulnerable to a deeper decline, with downside projections at 0.5730 and 0.5620, Société Générale's FX analysts note.
New Zealand: RBNZ cuts OCR by 25 bps in Aug and turns more dovish - UOB Group
Earlier today (20 Aug), the Reserve Bank of New Zealand (RBNZ) decided to decrease the Official Cash Rate (OCR) by 25 bps from 3.25% to 3.00%, the lowest level in three years, UOB Group's economist Lee Sue Ann reports.
GBP/JPY recovers early losses as UK Inflation rose more than expected in July
The GBP/JPY pair claws back its early losses and flattens around 199.20 during the European trading session on Wednesday.
Lagarde speech: The Euro area economy proved resilient earlier this year
European Central Bank (ECB) President Christine Lagarde is speaking at the International Business Council of the World Economic Forum, in Geneva, on Wednesday.
NZD/USD adds to dovish RBNZ-inspired losses; slumps to four-month low around 0.5820 area
The NZD/USD pair adds to the dovish Reserve Bank of New Zealand (RBNZ)-inspired losses and dives to its lowest level since mid-April during the first half of the European session on Wednesday.
Pound Sterling gains on hotter than expected UK inflation data
The Pound Sterling (GBP) attracts significant bids against its major peers on Wednesday as the United Kingdom (UK) Consumer Price Index (CPI) data for July has come in hotter than projected.
AUD/JPY faces selling pressure below 95.00 amid cautious mood
The AUD/JPY cross attracts some sellers to near 94.95 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid the cautious mood in the markets.
Forex Today: Pound Sterling finds support on hot inflation, eyes on FOMC Minutes
Here is what you need to know on Wednesday, August 20:
EUR/GBP attracts some sellers below 0.8650 after hotter UK CPI inflation data
The EUR/GBP cross loses traction to near 0.8620 during the early European session on Wednesday. The Pound Sterling (GBP) edges higher against the Euro (EUR) after the UK Consumer Price Index (CPI) inflation report.
FX option expiries for Aug 20 NY cut
FX option expiries for Aug 20 NY cut at 10:00 Eastern Time via DTCC can be found below.
USD/CHF turns sideways below 0.8100 as focus shifts to Jackson Hole Symposium
The USD/CHF pair trades in a tight range marginally below 0.8100 during the late Asian trading session on Wednesday.
USD/CAD rises to fresh three-month highs near 1.3900
USD/CAD continues to gain ground for the second successive day, trading around 1.3870 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains ground ahead of the US Federal Reserve's (Fed) Minutes for the July meeting.
GBP/USD Price Forecast: Slides below mid-1.3400s, over one-week low ahead of UK CPI
The GBP/USD pair drifts lower for the third consecutive day on Wednesday - also marking the fourth day of a negative move in the previous five - and drops to an over one-week low during the Asian session.
EUR/USD extends downside below 1.1650 ahead of ECB's Lagarde speech
The EUR/USD pair extends the decline to near 1.1635 during the early European trading hours on Wednesday. The US Dollar (USD) strengthens against the Euro (EUR) as traders await the Federal Reserve's (Fed) annual Jackson Hole symposium later on Friday for clues on the US interest rate path.
USD/INR bounces back as FIIs continue to pare stake in Indian stock market
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Wednesday after a three-day winning streak.
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