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DXY: USD bears need momentum from data - OCBC
US Dollar (USD) fell post Powell's speech at Jackson Hole. But the decline in USD did not make fresh lows. DXY last at 98 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD: Open-ended again - Commerzbank
Chairman Powell managed to surprise the market on Friday after all, putting pressure on the US dollar. Expectations had been gradually scaled back over the previous week, allowing the US dollar to benefit. On Friday, EUR/USD even traded in the 1.15 range once again.
EUR/USD: Range still intact - OCBC
Euro (EUR) rose sharply post-Powell's speech last Friday amid USD softness. EUR was last at 1.17 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
CNY stronger again - Commerzbank
The Chinese renminbi (CNY) has gained around 0.3% against the US Dollar (USD) since Jerome Powell's speech, Commerzbank's FX analyst Volkmar Baur notes.
China: Increasing policy support for households - Standard Chartered
China's on-budget fiscal support for consumption in H2 to step up.
FX option expiries for Aug 25 NY cut
FX option expiries for Aug 25 NY cut at 10:00 Eastern Time via DTCC can be found below.
NZD/USD consolidates above 0.5850 on risk appetite, Fed cuts hopes
New Zealand Dollar holds a moderately positive tone against the US Dollar on Monday, extending the rebound from Friday's lows sub-1.5800 to the upper range of the 1.5800s.
EUR/JPY maintains position near 172.50 following German IFO data
EUR/JPY extends its gains for the third successive session, trading around 172.40 during the European hours on Monday. The currency cross moves little after the release of German economic data.
Pound Sterling rises as Fed's Powell surprisingly turns dovish on interest rates
The Pound Sterling (GBP) clings to Friday's gains near 1.3530 against the US Dollar (USD) during the European trading session on Monday.
USD/CAD Price Forecast: Faces selling pressure above 200-day EMA
The USD/CAD pair trades cautiously near Friday's low around 1.3820 during the European trading session on Monday.
USD/CHF remains above 0.8000 following improved Swiss Employment Level
USD/CHF inches higher after registering nearly 1% losses in the previous session, trading around 0.8020 during the Asian hours on Monday. The pair remains stronger following the improved Switzerland's non-farm payrolls data.
USD/JPY recovery halts at 147.50 with monetary policy divergence weighing
The US Dollar's recovery attempts from Friday's lows at 146.60 against the Japanese Yen have been capped around the mid-range of the 147.00s on Monday as the pair remains on the defensive amid an unfavourable monetary policy divergence following Fed Powell's dovish comments.Jerome Powell shocked mar
Forex Today: US Dollar stabilizes after Powell-inspired selloff
Here is what you need to know on Monday, August 25:
EUR/GBP softens to near 0.8650 amid no progress on Russia-Ukraine peace deal
The EUR/GBP cross loses ground to around 0.8660 during the early European session on Monday. A slew of better-than-expected UK economic data provides some support to the Pound Sterling (GBP) against the Euro (EUR).
EUR/USD Price Forecast: On the verge of trendline breakout above 1.1700
EUR/USD clings to gains above 1.1700 at the start of the week.
When is the German IFO Survey and how it could affect EUR/USD?
Germany's IFO institute will publish its business survey for August on Monday at 0800 GMT. The headline IFO Business Climate Index is expected to stay unchanged at 88.6 this month.
EUR/JPY Price Forecast: Constructive outlook prevails, first upside barrier emerges above 173.00
The EUR/JPY cross trades on a positive note near 172.40 during the early European session on Monday, bolstered by improved risk sentiment. However, hawkish remarks from the Bank of Japan (BoJ) Governor Kazuo Ueda might lift the Japanese Yen (JPY) and cap the upside for the cross.
USD/INR gains even as Fed's Powell delivers dovish monetary policy guidance
The Indian Rupee declines against the US Dollar (USD) after a flat opening at the start of the week.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Monday, according to data compiled by FXStreet.
NZD/USD steadies near 0.5850 after Q2 Retail Sales data
NZD/USD edged lower after registering gains in the previous session, trading around 0.5860 during the Asian hours on Monday. The pair holds losses following stronger Retail Sales data for the second quarter.
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