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Markets continue to play the waiting game and the major currencies are idling in a calm, range trading environment ahead of Friday's Powell comments, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Created : 2025.08.19 20:24

Last updated : 2025.08.19

The Pound is retracing some losses on Tuesday with the US Dollar pulling back from recent highs amid a moderately positive market sentiment, and investors looking at Wednesday's UK CPI reading that might give further reasons to BoE hawks.The GBP/USD pair has bounced up from intra-day lows at 1.3485

Created : 2025.08.19 19:39

Last updated : 2025.08.19

The sharp rise in US Dollar (USD) has scope to extend to 148.30; the major resistance at 148.80 is unlikely to be tested. 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.

Created : 2025.08.19 19:38

Last updated : 2025.08.19

New Zealand Dollar (NZD) is likely to trade in a range of 0.5905/0.5940. In the longer run, NZD has likely entered a 0.5880/0.5980 consolidation phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Created : 2025.08.19 19:33

Last updated : 2025.08.19

The bias for Australian Dollar (AUD) is tilted to the downside toward 0.6475; the major support at 0.6455 is unlikely to come into view. In the longer run, AUD is still trading in a range, probably between 0.6455 and 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Created : 2025.08.19 19:29

Last updated : 2025.08.19

Rapidly increasing downward momentum suggests Pound Sterling (GBP) could continue to decline, potentially dropping below 1.3485. 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.

Created : 2025.08.19 19:22

Last updated : 2025.08.19

Euro (EUR) is likely to trade with a downward bias; any decline is unlikely to threaten the major support at 1.1630. In the longer run, outlook is mixed; for the time being, EUR is likely to trade in a range of 1.1630/1.1755, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Created : 2025.08.19 19:13

Last updated : 2025.08.19

Chinese steel output fell in July for a third straight month, hitting its lowest this year amid government efforts to control supply, ING's commodity experts Ewa Manthey and Warren Patterson note.

Created : 2025.08.19 18:51

Last updated : 2025.08.19

The meeting between Ukrainian President Zelensky and US President Trump yesterday certainly went better than feared. At least in comparison to the disastrous meeting in February.

Created : 2025.08.19 18:48

Last updated : 2025.08.19

USD/CAD has reinforced its recovery after bottoming near 1.3535 in June, breaking above a multi-month trend line and the 50-day average.

Created : 2025.08.19 17:59

Last updated : 2025.08.19

AUD/JPY offers its recent gains from the previous session, trading around 95.80 during the European hours on Tuesday. The currency cross depreciates as the Australian Dollar (AUD) remains subdued despite an improved Westpac Consumer Confidence.

Created : 2025.08.19 17:47

Last updated : 2025.08.19

Canada releases July inflation today, ING's FX analyst Francesco Pesole notes.

Created : 2025.08.19 17:38

Last updated : 2025.08.19

Oil prices are marginally lower in early morning trading today, following the meeting between Presidents Trump and Zelensky.

Created : 2025.08.19 17:37

Last updated : 2025.08.19

Consensus is for 25bp cut to bring OCR to 3%. Slowing growth, weaker labour market, easing inflationary pressure and falling consumer confidence suggest that a 25bp cut is a done deal. NZD was last at 0.5917 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Created : 2025.08.19 17:34

Last updated : 2025.08.19

Yesterday's summit between President Zelenskyy, European leaders, and President Trump in Washington didn't deliver huge surprises but confirmed that the US is open to providing security guarantees to Ukraine.

Created : 2025.08.19 17:31

Last updated : 2025.08.19

US Dollar (USD) inched higher overnight, in absence of data. DXY was last at 98.03 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Created : 2025.08.19 17:29

Last updated : 2025.08.19

Tomorrow morning at 3 a.m. BST, the Reserve Bank of New Zealand (RBNZ) will announce its interest rate decision, and most analysts, including myself, expect a cut to 3%. The market has already priced in this move at over 90%.

Created : 2025.08.19 17:26

Last updated : 2025.08.19

Gilts had a poor session yesterday, underperforming Bunds by 5bp on the 10-year, ING's FX analyst Francesco Pesole notes.

Created : 2025.08.19 17:24

Last updated : 2025.08.19

Euro (EUR) eased lower, amid broad US Dollar (USD) rebound as markets grew cautious on Powell's stance this Friday. Pair was last at 1.1677 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Created : 2025.08.19 17:21

Last updated : 2025.08.19

EUR/CHF briefly traded above 0.945 as markets reopened from the weekend but has since given up all gains and is back at Friday's 0.941 level.

Created : 2025.08.19 17:19

Last updated : 2025.08.19