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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).
Forex Today: US Dollar benefits from risk-aversion ahead of mid-tier data releases
Here is what you need to know on Wednesday, September 3:
USD/CHF trades firmly near 0.8050 as risk-off mood improves US Dollar's appeal
The USD/CHF pair extends its winning streak for the third trading day on Wednesday. The Swiss Franc pair rises to near 0.8050 as the safe-haven demand of the US Dollar (USD) has increased, following a significant surge in long-dated bond yields across the globe.
GBP/JPY surrenders modest gains to 199.00; downside remains cushioned amid weaker JPY
The GBP/JPY cross attracts fresh sellers following an Asian session uptick to levels just above the 199.00 mark and retreats to the lower end of its daily range in the last hour.
USD/CAD strengthens to near 1.3800 as BoC rate cut bets rise
The USD/CAD pair trades in positive territory for the third consecutive day near 1.3795 during the early European session on Wednesday. The Canadian Dollar (CAD) edges lower against the Greenback as traders weigh the prospects of a Bank of Canada (BoC) interest rate cut this month.
EUR/JPY rises to near 173.00 due to widening yield differentials, HCOB PMI eyed
EUR/JPY continues its winning streak for the fifth-consecutive day, trading around 172.80 during the Asian hours on Wednesday. HCOB Purchasing Managers' Index (PMI) data from Eurozone and Germany will be eyed later in the day.
USD/INR edges higher ahead of India GST council meeting
The Indian Rupee (INR) opens slightly lower against the US Dollar (USD) on Wednesday. The USD/INR pair ticks up to near 88.23 ahead of the two-day Goods and Services Tax (GST) council meeting on Wednesday, aiming to revise tax slabs from four to two.
India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet.
BoJ's Ueda: No change to our stance on rate hike
Bank of Japan (BoJ) Governor Kazuo Ueda said on Wednesday that there is no change in stance on raising interest rates. Ueda further stated that he will scrutinise without preconception whether the economy and prices move in line with our forecast,
EUR/USD falls toward 1.1600 ahead of HCOB PMI data
EUR/USD extends its losses for the second successive session, trading around 1.1620 during the Asian hours on Wednesday. HCOB Purchasing Managers' Index (PMI) data from Eurozone and Germany will be eyed later in the day.
GBP/USD attracts some sellers below 0.6550 ahead of BoE's Breeden speech
The GBP/USD pair attracts some sellers near 0.6520 during the Asian trading hours on Wednesday. The Pound Sterling (GBP) weakens against the US Dollar (USD) amid concerns about the UK's ability to keep its finances under control.
AUD/JPY holds near 97.00 as Australia Q2 GDP, China PMI beat forecasts
AUD/JPY continues its winning streak that began on August 21, trading around 97.00 during the Asian hours on Wednesday. The currency cross gains ground following the release of Australia's Q2 Gross Domestic Product and China's Caixin Services Purchasing Managers' Index (PMI).
Japanese Yen hangs near one-month low against USD; seems vulnerable ahead of US data
The Japanese Yen (JPY) maintains its offered tone through the Asian session on Wednesday amid heightened domestic political and trade-related uncertainties.
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