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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.
Japan's Akazawa cancels US visit to finalise investment pact -- Reuters
Japan's trade negotiator Ryosei Akazawa has canceled a visit to the United States (US) this week, Reuters reported on Thursday.
BoJ's Nakagawa: Will continue to raise interest rate if economic, inflation outlook realized
Bank of Japan (BoJ) monetary policy board member Junko Nakagawa said on Thursday, "if its outlook for economic activity and prices is realized, BoJ will continue to raise the policy interest rate."
China's trade negotiator: Frank, pragmatic, constructive exchanges with Canada
China's top trade negotiator Li Chenggang said on Thursday that China and Canada had frank, pragmatic and constructive exchanges on improving and developing bilateral economic and trade relations.
PBOC sets USD/CNY reference rate at 7.1063 vs. 7.1108 previous
On Thursday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1063 as compared to the previous day's fix of 7.1108 and 7.1479 Reuters estimate.
GBP/USD maintains position around 1.3500 ahead of Q2 US GDP Annualized
GBP/USD remains steady after two days of gains, trading around 1.3500 during the Asian hours on Thursday. The pair may further appreciate as the US Dollar (USD) struggles amid rising concerns over the US Federal Reserve's (Fed) independence.
NZD/USD holds steady above 0.5860 ahead of US GDP release
The NZD/USD pair trades on a flat note around 0.5860 during the early Asian session on Thursday.
China seeks to triple output of AI chips in race with the US -- FT
China's chipmakers are seeking to triple the country's total output of artificial intelligence processors next year, the Financial Times reported on Thursday.
AUD/USD extends upside above 0.6500 as RBA rate cut hopes fade
The AUD/USD pair extends the rally to near 0.6505 during the early Asian session on Thursday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) as hotter-than-expected Australian inflation data dents bets on the Reserve Bank of Australia (RBA) rate cut.
USD/JPY weakens below 147.50 amid unabated concerns over Fed's independence
The USD/JPY pair loses ground to near 147.20 during the early Asian session on Thursday. The US Dollar (USD) weakens against the Japanese Yen (JPY) as worries persist over the Federal Reserve's (Fed) independence.
USD/CHF Price Forecast: Slips to 0.8020 as safe-haven boosts Franc
USD/CHF extended its downtrend for the second straight day, down 0.16%, trading at 0.8020 after hitting a daily high of 0.8076. A flight to safety has favored the Swiss Franc as the Dollar digest the dovish tilt by the Fed Chair Jerome Powell, who opened the door for adjusting interest rates.
EUR/USD slips to 1.1630 as Fed drama fades, France risk grows
The EUR/USD retreats a minimal 0.10% on Wednesday as developments about the Federal Reserve's independence dissipated, while the French Prime Minister Bayrou called for a confidence vote. At the time of writing, the pair trades at 1.1631, after hitting a daily high of 1.1647.
Canadian Dollar extends gains as risk-on flows rebound
The Canadian Dollar (CAD) drifted higher on Wednesday, driven by a general upswing in broad-market sentiment that pushed the safe-haven US Dollar (USD) into a holding pattern. The Loonie has risen for three out of the last four trading sessions, extending a near-term CAD bounce from recent lows.
Forex Today: US Q2 GDP and the labour market take centre stage
The US Dollar (USD) ended the day alternating gains with losses, giving away strong gains recorded earlier in the day on Wednesday. This irresolute price action came amid unabated concerns surrounding the Fed's independence and the absence of important developments on the trade front.
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