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AUD/JPY holds ground near 97.00 following solid Australia Trade Balance data
AUD/JPY is poised to continue its winning streak that began on August 21, trading around 96.80 during the Asian hours on Thursday. The currency cross moves little following the release of stronger-than-expected Australia's Trade Balance data.
Japanese Yen struggles amid BoJ ambiguity and political uncertainty
The Japanese Yen (JPY) struggles to capitalize on its recovery from a one-month trough touched against its American counterpart the previous day and oscillates in a narrow range during the Asian session on Thursday.
NZD/USD gathers strength above 0.5850 as US job openings fall more than expected
The NZD/USD pair gains traction to near 0.5880 during the Asian trading hours on Thursday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) after economic data showed weakening labor market conditions.
Australian Dollar moves little following Trade Balance data
The Australian Dollar (AUD) holds ground following the release of domestic trade balance data on Thursday.
Japan's Akazawa: Requirement for US executive order to reduce car tariffs
Japan trade negotiator Ryosei Akazawa said on Thursday that he was flying to the United States (US) as administrative talks progress. Akazawa further stated that he will continue to push for a presidential order for the tariffs that have been agreed on.
PBOC sets USD/CNY reference rate at 7.1052 vs. 7.1108 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1052 as compared to the previous day's fix of 7.1108 and 7.1405 Reuters estimate.
When is the Australian Trade Data and how could it affect AUD/USD?
The Australian Bureau of Statistics will publish its data for July on Thursday at 01.30 GMT. Trade surplus is expected to widen to 4,920M MoM in July, compared to 5,365 in the previous reading.
GBP/USD rebounds ahead of key labor data, but still remains on the low side
GBP/USD rose off the mats on Wednesday, clawing its way back above the 1.3400 handle after general market sentiment recovered just enough footing to buoy Cable off of four-week lows below 1.3350.
USD/JPY spins a tight circle as markets weigh sentiment balance
USD/JPY two-stepped near the 148.00 handle on Wednesday, testing higher but remaining capped below the 200-day Exponential Moving Average (EMA) near 148.22.
USD/CAD drifts higher to near 1.3800 ahead of US ISM Services PMI
The USD/CAD pair extends the rally to around 1.3795 during the early Asian session on Thursday. The prospects of a Bank of Canada (BoC) interest rate cut this month weigh on the Canadian Dollar (CAD) against the US Dollar (USD).
AUD/USD pares losses ahead of Australian trade balance figures
AUD/USD rebounded back into the familiar 0.6550 region on Wednesday, with the US Dollar (USD) paring back a recent bout of risk-off strength.
EUR/USD rebounds to 1.1660 as weak US data fuels Fed cut bets
The EUR/USD trims some of Tuesday's losses though it remains shy of claiming the 1.1700 figure, despite broad US Dollar weakness across the board. Economic data in the US strengthened the chances that the Federal Reserve could resume its easing cycle at the September meeting.
Forex Today: The US labour market will be in the spotlight
The US Dollar (USD) traded on the defensive, setting aside gains recorded in the previous day as investors assessed the recent sharp advance in global yields, while further cooling of the US labour market also weighed down on the Greenback.
Fed's Kashkari warns that tariffs are pushing up goods prices
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari flashed another policy warning sign on Wednesday, cautioning that tariffs are pushing the consumer-facing costs of goods higher, resulting in climbing inflation figures.
Fed Governor Prospect Stephen Miran promises to uphold Fed independence if confirmed
Stephen Miran, United States (US) Council of Economic Advisors (CEA) member and US President Donald Trump's pick to fill a recently-vacated seat on the Federal Reserve's (Fed) Board of Governors, swore that he would uphold the Fed's political independence if he were to be confirmed by Congress.
UK Chancellor Reeves waves off £50 billion budget deficit forecast
United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves dismissed concerns from Britain's National Institute of Economic and Social Research (NIESR) that the UK government may need to dip into International Monetary Fund (IMF) funding pools in the future if Parliament can't sort out its budge
EUR/USD rebounds to 1.1680 as weak US data fuels Fed cut bets
The EUR/USD recovers ground following Tuesday's losses that drove the pair below key support levels around the 50 and 20-day SMAs. A confirmation of weakness in the US labor market by JOLTS data, increased the chances of a rate cut by the Federal Reserve. The pair trades at 1.1679, up 0.37%.
GBP/USD rises to 1.3440 as strong UK data offsets US weakness
The GBP/USD advances during the North American session up by 0.39% following the release of economic data from the United States (US). Also, fears of the UK's government being unable to meet its fiscal requirements eased on signs that the economy continued to fare well.
Fed's Bostic: Inflation is still the main concern
Atlanta Fed President Raphael Bostic said that high inflation remained the Federal Reserve's main risk, but added that signs of labour market weakness still pointed to a single quarter-point rate cut this year.
BoE's Bailey: Doubts grow on how fast rates can be cut
Speaking before the Treasury Select Committee, Bank of England Governor Andrew Bailey warned that while the direction for interest rates remains downward, there is "considerably more doubt" over how quickly cuts can be delivered.
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