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DXY: JOLTS Job openings today - OCBC
US Dollar (USD) rose overnight but range remains confined to recent levels. DXY last at 98.28 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/CHF hovers around 0.8050 as traders adopt caution ahead of Fed Beige Book
USD/CHF struggles after two days of gains, trading around 0.8040 during the European hours on Wednesday. The pair receives downward pressure as the US Dollar (USD) faces challenges amid rising odds of the US Federal Reserve (Fed) delivering interest rate cut in September.
UK's Reeves: Britain's economy is not broken
UK Finance Minister Rachel Reeves said on Wednesday that "Britain's economy is not broken."
USD: Dollar rally may be unwound - ING
Yesterday's dollar rally lacked a clear catalyst beyond the selloff in global long-dated bonds - including the high-profile UK gilts. Rising debt concerns outside the US may have triggered some unwinding of abundant USD longs.
USD: The really big chunks are yet to come - Commerzbank
The US ISM manufacturing index was good for a few short-term pips, but it failed to give the dollar a real blow yesterday. This is hardly surprising.
GBP/USD may retest the 1.3340 low - UOB Group
Sharp drop in Pound Sterling (GBP) may retest the 1.3340 low; a sustained decline below this level is unlikely.
GBP: Reaction to gilts selloff looks a bit overblown - ING
The Pound Sterling (GBP) had a rough Tuesday as back-end gilt yields rose, with the 30-year hitting its highest level since 1998, ING's FX analyst Francesco Pesole notes.
EUR/USD: 2-way risks on a daily chart - OCBC
Euro (EUR) saw a larger pullback overnight on renewed focus on French politics. Pair was last at 1.1649, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR/USD: Major support at 1.1570 is likely out of reach - UOB Group
Oversold decline in Euro (EUR) could drop below 1.1600; the major support at 1.1570 is likely out of reach.
EUR/JPY Price Forecast: Rises above 173.00 due to prevailing bearish bias
EUR/JPY continues its winning streak for the fifth successive session, trading around 173.20 during the European hours on Wednesday. The technical analysis of the daily chart suggests the prevailing bullish market bias as the currency cross is remaining within the ascending channel pattern.
EUR: Inflation supports the ECB's cautious stance - ING
EUR/USD remains cheap according to our model, which places the short-term fair value around 1.190.
Dow Jones futures trade lower amid uncertainty over future of Trump's tariffs
Dow Jones futures extend losses in the overnight session on Wednesday. United States (US) equities are facing selling pressure as appeals of court has announced a verdict against a majority of tariffs imposed by President Donald Trump since his return to the White House.
US Dollar Index (DXY) approaches a key resistance area above 98.65
The Dollar is moving higher for the second consecutive day on Wednesday, but USD bulls are showing signs of hesitation -the large wicks in the 4-hour candle- as price action approaches a cluster of resistances between 98.65 and 98.85.The fundamental background remains favourable, with investors wary
Pound Sterling extends decline amid surging UK Bond yields
The Pound Sterling (GBP) extends losses and trades cautiously near an almost four-week low around 1.3370 against the US Dollar (USD) during the European trading session on Wednesday.
US JOLTS Job Openings expected to edge slightly lower in July
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Wednesday by the United States (US) Bureau of Labor Statistics (BLS). The publication will provide data about the change in the number of Job Openings in July, alongside the number of layoffs and quits.
USD/CAD surges to near 1.3800 as US yields rise ahead of Fed Beige Book
USD/CAD extends its gains for the third successive session, trading around 1.3800 during the European hours on Wednesday. The US JOLTS Job Openings and the US Federal Reserve (Fed) Beige Book will be eyed later in the North American session.
NZD/USD retreats below 0.5850 weighed by a cautious market mood
The US dollar continues to outperform its main peers on Wednesday, as debt fears return to the market, to the detriment of risk-sensitive currencies like the New Zealand Dollar, which has depreciated by more than 1% from Tuesday's highs.The Kiwi Dollar was rejected at two-week highs around 0.5915 ea
EUR/USD dips further against a firmer US Dollar on renewed debt fears
The EUR/USD pair is heading south for the second consecutive day on Wednesday, trading at 1.1620 at the time of writing.
FX option expiries for Sept 3 NY cut
FX option expiries for Sept 3 NY cut at 10:00 Eastern Time via DTCC can be found below.
EUR/GBP edges higher above 0.8700 as UK fiscal worries grow
The EUR/GBP gains ground to around 0.8700 during the early European session on Wednesday. Concerns about the UK's ability to keep its finances under control undermine the Pound Sterling (GBP) against the Euro (EUR).
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