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EUR/USD: Political risks may still weigh - OCBC
Euro (EUR) managed a rebound overnight after Dutch caretaker PM Dick Schoof and his cabinet survived a no-confidence vote yesterday. EUR was last at 1.1650 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
ECB's Rehn: Significant weakening of Dollar dominance unlikely
European Central Bank (ECB) policymaker Olli Rehn said on Thursday that he considers a raping and significant weakening of the US Dollar (USD) unlikely, per Reuters.
NZD/USD stalls below 0.5075 area, awaiting US GDP, PCE inflation data
The New Zealand Dollar is trading practically flat against the US Dollar on Thursday, looking for direction below the top of the weekly trading range, at 0.5875, with investors looking from the sidelines ahead of US GDP data today and, more importantly, the PCE Prices Index data on Friday.
Pound Sterling wobbles as focus shifts to US data
The Pound Sterling (GBP) is broadly sideways against the US Dollar (USD) around 1.3500 on Thursday. The GBP/USD pair consolidates as the US Dollar trades cautiously, following dovish comments on interest rates from New York Federal Reserve (Fed) Bank President John Williams on Wednesday.
EUR: Car sales a reminder that the consumer is ok - ING
At the weekend, ECB President Christine Lagarde gave a reasonably upbeat interview to Fox News. She said consumers and businesses were resilient and that whilst growth was not particularly strong, the signs were optimistic, ING's FX analyst Chris Turner notes.
USD/CAD remains depressed below 1.3800 amid higher hopes of Fed cuts
The US Dollar has ticked up from two-week lows below 1.3770 against the Canadian Dollar on Thursday, but remains capped below the 1.3800 level, after depreciating 0.5% over the two previous days, wth investors ramping up bets for Fed cuts.New York Fed President John Williams further fueled these hop
USD/JPY holds losses below 147.50 ahead of Q2 US GDP Annualized
USD/JPY depreciates after registering a steady previous session, trading around 147.30 during the European hours on Thursday. The pair loses ground as the Japanese Yen (JPY) gains ground, driven by recent comments from the Bank of Japan (BoJ) Governor Kazuo Ueda.
USD/CHF remains flat, right above 0.8000 after Swiss data
The US Dollar has found some support ahead of the 0.8000 psychological level against the Swiss Franc, after its reversal from 0.8075 highs on Wednesday.
Forex Today: Markets remain choppy as investors await US data
Here is what you need to know on Thursday, August 28:
EUR/GBP softens below 0.8650 on concerns over the French political crisis
The EUR/GBP cross edges lower to near 0.8620 during the early European session. Fears of a French political crisis exert some selling pressure on the Euro (EUR) against the Pound Sterling (GBP). The release of Retail Sales and inflation reports from Germany will be closely watched later on Friday.
BoJ's Nakagawa says will make policy decisions at each meeting based on hard data
Bank of Japan (BoJ) monetary policy board member Junko Nakagawa said on Thursday that the central bank will gather information as much as possible ahead of every policy meeting to avoid falling behind the curve, given solid wage growth over the last several years.
USD/INR steadies as soft US Dollar offsets US tariffs' impact on Indian Rupee
The Indian Rupee (INR) trades almost flat at around 87.80 against the US Dollar (USD) in opening trading hours on Thursday after a holiday on Wednesday on account of Ganesh Chaturthi. The USD/INR pair is supported by a sluggish performance from the US Dollar.
AUD/NZD trades near 1.1100 after pulling back from six-month highs
AUD/NZD retreats after reaching a six-month high at 1.1131, trading around 1.1110 during the Asian hours on Thursday. However, the downside of the currency cross could be restrained as the Australian Dollar (AUD) gains ground following the release of Australia's Private Capital Expenditure.
EUR/JPY Price Forecast: Positive view prevails above 171.00, eyes on French politics
The EUR/JPY cross loses momentum to around 171.25 during the early European session on Thursday. The Euro (EUR) weakens against the Japanese Yen (JPY) amid fears of a French political crisis.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
USD/CHF extends the decline to near 0.8000 ahead of Swiss/US GDP releases
The USD/CHF pair extends its downside to around 0.8015 during the Asian trading hours on Thursday. The US Dollar (USD) remains under selling pressure against the Swiss Franc (CHF) due to persistent concerns over the Fed's independence.
EUR/USD ticks up to near 1.1650, French risks might cap upside
The EUR/USD pair edges higher to near 1.1650 during the Asian trading session on Thursday.
US Dollar Index drops to near 98.00 amid caution ahead of US PCE inflation data
The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, trades 0.12% lower to near 98.00 during the Asian trading session on Thursday.
USD/CAD falls toward 1.3750 as US Dollar declines on Fed concerns
USD/CAD extends its losses for the third successive session, trading around 1.3770 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) faces challenges amid rising concerns over the US Federal Reserve's (Fed) independence.
Australian Dollar gains ground following rise in Q2 Private Capital Expenditure
The Australian Dollar (AUD) gains ground for the third successive session on Thursday, following the release of Private Capital Expenditure, which rose 0.2% in the second quarter, from the previous decline of 0.1% but falling short of the expected 0.7% increase.
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