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Fed's Musalem: There is risk tariffs could cause persistent inflation rise
St. Louis Federal Reserve President Alberto Musalem said on Wednesday that he sees a risk that tariffs could cause a persistent increase in inflation, per Reuters.
Fed's Waller: We should cut at next meeting
In an interview with CNBC on Wednesday, Federal Reserve (Fed) Governor Christopher Waller repeated that they should cut the interest rate at the next policy meeting.
EUR/GBP Price Forecast: The pair finds resistance above 0.8700
The Euro rally against the British Pound has been unable to confirm above the 0.8700 level, and the pair retreated during the European session on Wednesday, turning negative on the daily charts and reaching a low of 0.8685 at the time of writing.The upward revision of August's UK Services PMI has pr
GBP faces pressure ahead of UK budget - Rabobank
The UK is clearly not the only country facing a difficult fiscal prognosis but, since it also runs a sizeable current account deficit, there is potential for the exchange rate to be particularly sensitive to bad fundamental news, Rabobank's FX analyst Jane Foley reports.
JPY soft and underperforming G10 - Scotiabank
The Japanese Yen (JPY) is down a marginal 0.1% against the US Dollar (USD) and once again underperforming all of the G10 currencies--albeit this time in quiet trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP steady and consolidating Tuesday's losses - Scotiabank
The Pound Sterling (GBP) is also up a marginal 0.1% against the US Dollar (USD) as it attempts to consolidate Monday's losses, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR: markets shift focus back to policy and Fed/ECB - Scotiabank
The Euro (EUR) is up a marginal 0.1% against the US Dollar (USD) and a mid-performer among the G10 as it consolidates in a tight range in the mid/lower-1.16s, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD underperforms as spreads widen, crude softens - Scotiabank
The Canadian Dollar (CAD) is a mild underperformer on the session. Factors have shifted a little against the CAD so far this week, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD edges lower, markets hold ranges - Scotiabank
The US Dollar (USD) has slipped back somewhat overall through the course of the European morning session, giving up early gains to trade a little softer overall against most of its major currency peers as the North American day gets underway, Scotiabank's Chief FX Strategists Shaun Osborne and Eric
Global PMI: August inventory upswing - Standard Chartered
PMI data shows broad-based expansion across sectors; all sub-indices were higher than in July. US inventory growth and input/output price pressures surged on a m/m basis.
USD/JPY rises to near 149.00 ahead of US JOLTS Job Openings data
The USD/JPY pair moves higher to near 149.00 during the European session on Wednesday. The pair moved higher as the Japanese Yen (JPY) underperforms its peers, following a sharp increase in Japan's long-term bond yields.
USD/CAD hesitates below 1.3800 ahead of US employment, industrial data
The US Dollar appreciates for the third consecutive day on Wednesday, buoyed by higher US yields, while the decline in Oil prices keeps weighing on the commodity-sensitive Loonie.
AUD/USD steady as Q2 GDP beats forecasts - BBH
AUD/USD is trading in a tight range around 0.6520. Australia Q2 real GDP growth beat expectations, BBH FX analysts report.
GBP, gilts stabilize after heavy sell-off - BBH
Pound Sterling (GBP) and long-term gilts stabilized after yesterday's plunge, BBH FX analysts report.
Dovish Fed can put additional downward pressure on USD - BBH
The global bond market rout stretched into a second day, weighing on equities, boosting gold prices to new highs, and lifting US Dollar (USD) against most currencies. The bond market sell-off reflects genuine concerns over fiscal profligacy across Europe and the US, BBH FX analysts report.
USD/JPY: Overbought conditions may limit gains to 149.15 - UOB Group
US Dollar (USD) could strengthen further; overbought conditions may limit gains to 149.15. In the longer run, outlook for USD is positive; it remains to be seen if it can maintain the rapid pace of advance. The level to watch is 149.55, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD crawls above 0.6525 on upbeat Australia's GDP, easing risk aversion
The Australian Dollar has turned positive on the daily charts after bouncing from the 0.6500 area and is trading near daily highs, at the 0.6525 area, favoured by strong Australian GDP data and easing concerns about the fiscal deficits.
NZD/USD: May test the support at 0.5830 before stabilization - UOB Group
New Zealand Dollar (NZD) may test the support at 0.5830 before stabilization can be expected; a clear break below this level is unlikely. In the longer run, NZD is likely to trade in a range of 0.5800/0.5900, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/CNH: Rebound meets resistance - OCBC
USD/CNH was a touch firmer for a 3rd consecutive session this week, tracking USD/CNY fix which was set higher again - today at 7.1108 vs 7.1089 on Tuesday and 7.1072 on Monday vs. 7.1030 last Friday. Pair was last at 7.1451, OCBC's FX analysts Frances Cheung and Christopher Wong note.
AUD/USD: Likely to trade in a range of 0.6480/0.6540 - UOB Group
Instead of continuing to decline, Australian Dollar (AUD) is more likely to trade in a range of 0.6480/0.6540. In the longer run, AUD is expected to trade in a range, most likely between 0.6460 and 0.6560, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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