Show:
NZD/USD flat lines near 0.5850 on worries over Fed's independence
The NZD/USD pair holds steady near 0.5860 during the early Asian session on Wednesday. Rising concerns over the Federal Reserve's (Fed) independence could weigh on the US Dollar (USD) against the New Zealand Dollar (NZD).
GBP/USD churns chart paper near key figures ahead of quiet session
GBP/USD rebounded from early-week losses on Tuesday, bouncing back up from a fresh technical floor near the 1.3450 level. Cable has been drifting within familiar technical levels as broad-market investor sentiment grinds to a halt ahead of key US economic figures.
When is the Australian CPI inflation and how could it affect AUD/USD?
The Australian Bureau of Statistics (ABS) will publish its monthly Consumer Price Index (CPI) report for July on Wednesday at 01.30 GMT. The monthly CPI is expected to show an increase of 2.3% year-over-year (YoY) in July, compared to a 1.9% figure reported in June.
USD/CAD weakens below 1.3850 amid renewed concerns over Fed's independence
The USD/CAD pair loses ground to near 1.3835 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the Canadian dollar (CAD) amid fears over the Federal Reserve's (Fed) independence after US President Donald Trump announced he was firing a Fed Governor Lisa Cook.
USD/JPY continues sideways grind ahead of key data
USD/JPY eased slightly on Tuesday, backsliding around one-quarter of one percent and keeping the pair hobbled just below the 148.00 handle.
AUD/USD holds steady near key technical levels
AUD/USD is holding steady between familiar technical levels after catching a thin bid on Tuesday. US economic releases will take a breather on Wednesday, giving Aussie traders a chance to catch their breath, at least after the next round of Australian Consumer Price Index (CPI) inflation data.
Donald Trump announces he will have a "majority" on the Fed
United States (US) President Donald Trump stepped in it on Tuesday, declaring that there would soon be a majority of rate-cut voters on the Federal Reserve's (Fed) interest rate setting voting body, the Federal Open Market Committee (FOMC).
BoC's Macklem reaffirms dropping inflation target amid trade policy uncertainty
Bank of Canada (BoC) Governor Tiff Macklem noted that the BoC will not be revisiting its 2% inflation targets for the foreseeable future, citing uncertainty around trade and ever-changing tariff policies from the United States (US).
Canadian Dollar gains ground on Greenback weakness
The Canadian Dollar (CAD) caught a slight bid on Tuesday, gaining some ground against the softening US Dollar (USD) heading into a quiet midweek.
EUR/USD threads water below 1.1650
The EUR/USD pair trades within a limited range on Tuesday, holding above the 1.1600 mark but unable to extend gains beyond an intraday peak in the 1.1660 region. The pair is hovering around 1.630 in the American afternoon, lacking a clear bias.
Forex Today: Australian inflation comes to the fore
The US Dollar (USD) reversed its prior gains and came under some modest downside pressure on Tuesday, as market participants shifted their attention to another bout of the Trump-Fed spat ahead of the release of key inflation data toward the end of the week.
Dollar weakness pressures USD/JPY as Fed jitters grow
Following Monday's decent gains, USD/JPY faces renewed downside pressure on turnaround Tuesday, coming all the way down to retest the 147.00 region, where some decent contention seems to have turned up.
AUD/USD nears recent peak above 0.6500 amid a better market mood
Generally encouraging United States data revived optimism among market players.
Donald Trump vows new tariffs, more jobs, and lower Crude Oil prices
United States (US) President Donald Trump struck a mix of new and familiar talking points during a cabinet meeting on Tuesday.
France's government faces collapse and markets react - ABN AMRO
Yesterday, French Prime Minister François Bayrou announced that a no-confidence vote will be held on September 8th. This comes in the wake of the ongoing political impasse, a phenomenon we have been highlighting for some time, ABN AMRO's Senior Fixed Income Strategist Sonia Renoult reports.
BoE's Mann: A more persistent hold on the bank rate is appropriate right now
Catherine Mann, a member of the Bank of England's Monetary Policy Committee (MPC), said on Tuesday that the bank rate should be held persistently to lean against inflation risks. She added that she was ready to cut rates more forcefully if downside risks to growth materialise.
USD/JPY recovers above 147.50 as markets focus on Trump-Fed feud
USD/JPY lost its traction and declined below 147.00 after posting strong gains on Monday. Although the pair recovers above 147.50 region in the second half of the day on Tuesday, it remains in negative territory.
EUR/USD regains traction near 1.1650, focus stays on US docket
The Euro (EUR) is clawing back ground on Tuesday, with EUR/USD rebounding after Monday's hiccup and edging toward the 1.1650 area. Continued upside could put a test for the monthly highs near 1.1740 (August 22) back on the radar.
GBP/USD recovers toward 1.3500 ahead of US consumer sentiment data
Following Monday's bearish action, GBP/USD stages a rebound on Tuesday. At the time of press, the pair was up 0.25% on the day at 1.3485.
Gold picks up pace, retargets $3,400 on USD selling
Gold prices are climbing again, snapping Monday's brief dip and pushing back toward the key $3,400 per ounce level.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy