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USD/JPY steadies above 147.20 as US tariffs ruled illegal
The USD/JPY posted minimal gains on Monday after losing over 2.40% in August amid thin trading, with US markets closed in observance of Labor Day. The pair trades at 147.28 as the Greenback continues to weaken amid news that the US Court of Appeals has ruled Trump's tariffs illegal.
EUR/USD steadies above 1.1700 as US Dollar stabilizes in holiday-thinned trade
The Euro (EUR) is struggling to extend its advance against the US Dollar (USD) as the Greenback steadies after slipping to a more than one-month low during the Asian session with EUR/USD, easing from the upper end of the trading range that has contained price action since early August.
USD/CAD steadies near four-week low amid thin holiday trading
The Canadian Dollar (CAD) is slightly weaker against the US Dollar (USD) on Monday, with USD/CAD rebounding from earlier losses to halt a four-day decline.
GBP/USD opens the door to a visit to 1.3600
The British Pound rapidly shrugs off Friday's hiccup and manages to regain composure on Monday, lifting GBP/USD past 1.3500 the figure in a context dominated by the widespread selling bias in the Greenback.
EUR/GBP softens as Eurozone PMI strength fails to lift Euro
The Euro (EUR) edges lower against the British Pound (GBP), with EUR/GBP slipping below 0.8660 and snapping a two-day winning streak.
USD/JPY: Likely to trade sideways between 146.70 and 147.50 - UOB Group
Momentum indicators are turning flat; US Dollar (USD) is likely to trade sideways between 146.70 and 147.50. In the longer run, outlook is mixed; USD could trade in a range between 146.40 and 148.40, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZD/USD: Clear break above 0.5920 seems unlikely - UOB Group
There is scope for New Zealand Dollar (NZD) to continue to edge higher; a clear break above 0.5920 seems unlikely. In the longer run, the likelihood of NZD breaking above the top of the 0.5820/0.5920 range is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD: Clear break above 0.6555 s unlikely - UOB Group
Australian Dollar (AUD) is likely to test 0.6555; a clear break above this level is unlikely. In the longer run, AUD is slightly positive, and it is likely to edge higher to 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/USD: Upward momentum is starting to build - UOB Group
Bias for Euro (EUR) is tilted to the upside; it does appear to have enough momentum to break above 1.1720. In the longer run, upward momentum is starting to build; the probability of EUR breaking above 1.1720 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY consolidates around 147.00 at the start of busy US-data week
The USD/JPY pair trades in a tight range around 147.00 during the European trading session on Monday. The pair wobbles, even as the US Dollar (USD) sinks to its monthly low, suggesting that the Japanese Yen (JPY) is also weak.
GBP/USD: Upward momentum is likely to lead to a higher range - UOB Group
Slight increase in upward momentum is likely to lead to a higher range of 1.3475/1.3535 rather than a sustained advance.
AUD/USD advances to near 0.6550 as US Dollar declines ahead of US job data
The AUD/USD pair gains sharply to near 0.6560 during the European trading session Monday. The Aussie pair advances as the US Dollar (USD) underperforms its peers on expectations that the Federal Reserve (Fed) will cut interest rates in the monetary policy meeting this month.
Are the courts thwarting Trump's plans? - Commerzbank
When I read the news about the dismissal of Fed Governor Lisa Cook on a newsflash during my vacation, I was certain the markets would go crazy. To my surprise, however, I now have to acknowledge that EUR/USD is trading nearly unchanged compared to levels from three weeks ago.
USD: Executive overreach - ING
The US Labor Day holiday and the closed US Treasury market make it a little difficult to infer what investors make of Friday's federal appeals court ruling that President Donald Trump's universal tariffs were illegal.
USD/JPY: Bias to sell rallies - OCBC
USD/JPY continued to trade modestly softer. Pair was last at 147.09 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/CNH: Mild rebound from lows - OCBC
USD/CNH rebounded this morning after USD/CNY daily fix was set higher (at 7.1072 vs. 7.1030 last Friday), snapping the 5-day streak of lower fixes. Pair was last at 7.1319, OCBC's FX analysts Frances Cheung and Christopher Wong note.
GBP: Will the budget date be announced this week? - ING
If the UK government wants the Bank of England to be able to react to a fiscally tight budget, it will have to announce the budget date this week, ING's FX analyst Chris Turner notes.
CAD: Growth figures provide a look in the rear-view mirror - Commerzbank
In Canada, the effects of Donald Trump's trade war were clearly evident in the second quarter, with the economy contracting by 1.6% quarter-on-quarter (annualised).
DXY: US holiday today - OCBC
US Dollar (USD) stays backfooted as core PCE came in largely in line with estimates. DXY last at 97.60 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR: Focus on inflation - ING
US developments will again dominate EUR/USD this week. But on the eurozone side, the focus will be on the August inflation data released on Tuesday.
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