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CAD extending Wednesday's gains - Scotiabank
The Canadian Dollar (CAD) is nosing ahead this morning, extending yesterday's gains through the upper 1.37s and staking a claim on being one of the better-performing G10 currencies on the week so far, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD softer but broader consolidation extends - Scotiabank
The US Dollar (USD) has spent most of August range trading between 97.50/75 and the upper 98 region in DXY terms and so it continues as month end approaches, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
AUD/USD jumps to near 0.6530 as Fed dovish bets weigh on US Dollar
The AUD/USD pair advances to near 0.6530 during the European trading session on Thursday. The Aussie pair strengthens as the US Dollar (USD) faces sharp selling pressure, with traders becoming increasingly confident that the Federal Reserve (Fed) will cut interest rates in the September meeting.
USD/JPY drifts lower, nears 147.00 ahead of US GDP, Tokyo CPI data
The US Dollar is extending its reversal from Wednesday's highs above 148.00 to levels near the 147.00 round figure on Thursday, with the Greenback on its back foot ahead of the release of US Gross Domestic Product and Weekly Jobless Claims figures, due later today.The US Dollar featured a knee-jerk
CHF: Growth cools down, negotiations with the US continue - Commerzbank
Growth figures for the second quarter will be published in Switzerland this morning. The Bloomberg consensus expects weak growth of 0.1% quarter-on-quarter, which would align with the growth adjusted for sporting events reported two weeks ago, Commerzbank's FX analyst Michael Pfister notes.
USD/JPY might trade in a range between 146.40 and 148.40 - UOB Group
Further range-trading seems likely, but the softer underlying tone suggests a lower range of 146.75/147.80. 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.
USD: The battle for the Fed continues - Commerzbank
The dispute over Lisa Cook, the Fed governor dismissed by Trump, continued yesterday. The US Vice President emphasised that Trump should have the right to dismiss governors.
NZD/USD: Any advance is likely part of a higher range of 0.5840/0.5880 - UOB Group
New Zealand Dollar (NZD) could continue to rebound; any advance is likely part of a higher range of 0.5840/0.5880.
NZD/USD gains on softer USD, despite dovish RBNZ - BBH
NZD/USD edged higher as USD weakness outweighed dovish RBNZ signals. The August ANZ business outlook survey showed business confidence improving, but activity indicators softened, reinforcing expectations of further easing.
AUD/USD: Unlikely to reach 0.6540 - UOB Group
There is a chance for Australian Dollar (AUD) to rise, but based on the current momentum, it might not be able to reach 0.6540.
EUR/USD rebounds to mid-range ahead of ECB minutes - BBH
EUR/USD bounced back toward the middle of its recent 1.1550-1.1740 range as markets await the ECB Account of the July meeting.
GBP/USD: Any advance is likely to be limited to a test of 1.3545 - UOB Group
There is room for Pound Sterling (GBP) to rebound further, but any advance is likely to be limited to a test of 1.3545. In the longer run, GBP is likely to trade in a range between 1.3395 and 1.3575, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY holds steady near 147.20 as BOJ maintains tightening bias - BBH
USD/JPY traded in a narrow range around 147.20 after BOJ Board Member Junko Nakagawa reaffirmed the bank's tightening bias but signaled that a September move is unlikely.
EUR/USD: Unlikely to break clearly above 1.1675 - UOB Group
Euro (EUR) could rebound further, but it is unlikely to break clearly above 1.1675. In the longer run, EUR is now expected to trade in a range of 1.1580/1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD trades soft within narrow August range - BBH
The US Dollar (USD) has given back most of yesterday's gains and remains trapped in this month's narrow range.
USD/JPY: Focus on Tokyo CPI tomorrow - OCBC
USD/JPY slipped overnight amid pullback in UST yields. There was news of top trade negotiator Akazawa cancelling his trip to Washington as there were points that needed to be debated at the administrative level. This saw little FX reaction. Pair was last at 147.10 levels.
USD: Choppy month-end conditions - ING
Having been a little bid early yesterday, the dollar has come back broadly offered. Short-dated US yields remain near their recent lows, and most would conclude that this week's removal of the Fed's Lisa Cook by President Trump is dollar-negative.
DXY: 2Q GDP today - OCBC
US Dollar (USD) dipped overnight, tracking the moves lower in UST yields. DXY last at 98 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
CNY: A considered move from the PBoC - ING
Even though the model-based estimates of where the People's Bank of China should be fixing USD/CNY are not moving much, the PBoC is fixing USD/CNY decidedly lower. It seems increasingly clear that Chinese authorities want a stronger renminbi, ING's FX analyst Chris Turner notes.
US Dollar Index Price Forecast: Tests 98.00 support after breaking below nine-day EMA
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the third successive session and trading around 98.10 during the European hours on Thursday.
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