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CNY: China's 'global renminbi' moment - ING
It's been a good month for Chinese assets. The benchmark CSI 300 is +5.9% this month in dollar terms.
Dow Jones futures decline as AI rally falters, Walmart earnings in focus
Dow Jones futures fall by 0.11%, trading around 44,950, along with the S&P 500 futures and Nasdaq 100 futures steady around 6,400 and 23,300, respectively, during European hours on Thursday ahead of the opening of the North American session.
EUR/USD: 2-way trades are likely - OCBC
Euro (EUR) continued to trade subdued. Pair was last at 1.1645 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
UK Preliminary Services PMI leaps to 53.6 in August vs. 51.8 expected
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers' Index (PMI) declined to 57.3 in August from 48 in July. The data missed the anticipated 48.3 print in the reported period.
EUR: Optimism over a potential ceasefire/peace fades - ING
EUR/USD is becalmed. It's fair to say that the optimism over a potential ceasefire/peace deal in Ukraine is now fading, as evidenced by EUR/CHF dropping back down to 0.9370, ING's FX analyst Chris Turner notes.
USD/CAD refreshes almost three-month high near 1.3880 ahead of flash US PMI
The USD/CAD pair trades firmly near a fresh almost three-month high around 1.3880 during the European trading session on Thursday.
Eurozone Preliminary Manufacturing PMI expands to 50.5 in August vs. 49.5 expected
The Eurozone manufacturing sector unexpectedly returned to expansion, while the services sector activity declined in August, according to data from the HCOB's latest Purchasing Managers' Index (PMI) Survey, published on Thursday.
US S&P Global PMI likely to signal modest business activity slowdown in August
S&P Global will release on Thursday the August flash Purchasing Managers' Indices (PMIs) for the United States (US), surveys of top private sector executives, which provide an early indication of the business sector's economic health.
Pound Sterling trades with caution ahead of flash UK-US PMI data
The Pound Sterling (GBP) trades cautiously against its major peers on Thursday as investors await the preliminary United Kingdom (UK) S&P Global Purchasing Managers' Index (PMI) data for August, which will be published at 08:30 GMT.
EUR/JPY price forecast: Remains above 171.50 following German PMI data
EUR/JPY steadies after two days of losses, trading around 171.70 during the early European hours on Thursday. The currency cross moves little following the release of HCOB Purchasing Managers' Index (PMI) data from Germany and the Eurozone.
Silver Price Forecast: XAG/USD recovery stalls at $38.00 as the US Dollar firms up
Silver (XAG/USD) is posting moderate losses on Thursday, after having rallied about 1.35% on Wednesday. Bulls are struggling to find acceptance above the $38.00 level, with the US Dollar firming up ahead of the all-important Fed Powell speech at the annual Jackson Hole meeting.
German Preliminary Manufacturing PMI unexpectedly jumps to 49.9 in August vs. 48.8 expected
The German manufacturing sector contraction continued to ease in August while the services sector expansion faltered, the preliminary business activity report published by the HCOB survey showed on Thursday.
Forex Today: US Dollar edges higher as focus shifts to PMI data
Here is what you need to know on Thursday, August 21:
US Dollar Index holds positive ground near 98.50 ahead of US PMI data
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, gains traction to around 98.40 during the early European session on Thursday.
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $63.03 per barrel, up from Wednesday's close at $62.79.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $66.50 price posted on Wednesday, and trading at $66.73.
WTI rises to near $63.00 on large US inventories drawdown
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.00 during the early European trading hours on Thursday. The WTI climbs as US crude inventories fell more than expected.
FX option expiries for Aug 21 NY cut
FX option expiries for Aug 21 NY cut at 10:00 Eastern Time via DTCC can be found below.
NZD/USD Price Forecast: Struggles near 0.5820, below 200-day on RBNZ's dovish stance
The NZD/USD pair touches a fresh low since April 14, around the 0.5815 region, during the Asian session on Thursday and looks to extend the previous day's dovish Reserve Bank of New Zealand (RBNZ) inspired slump.
USD/JPY Price Forecast: Trades sideways above 147.00 ahead of key US-Japan events
The USD/JPY pair consolidates in a tight range around 147.40 during the late Asian trading session on Thursday. The pair trades sideways as investors await Federal Reserve (Fed) Chair Jerome Powell's speech at the on Friday.
AUD/JPY slips near 94.50 as inflation expectations ease in Australia
AUD/JPY continues its losing streak for the third successive session, trading around 94.60 during the Asian hours on Thursday.
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