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EUR/GBP Price Forecast: Testing key support at the 0.8600 area
The Euro is trading lower for the third consecutive day against the Pound Sterling on Wednesday, after the rejection at the 0.8650 area on Tuesday.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
RBNZ cuts 25bp, debates 50bp move - ING
The RBNZ delivered a 25bp cut to 3.00% but revealed a serious debate over a larger 50bp move, sending NZD/USD down 1.1%.
DXY: Sideways trading on the daily charts - OCBC
US Dollar (USD) continued to inch higher against most currencies overnight in quiet trading as markets stay sidelined, waiting for Powell's speech at Jackson Hole. DXY was last at 98.33 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD: Quiet consolidation - ING
The dollar has quietly gone a little bid this week. We're not sure what's driving it, but we wouldn't read too much into it at this stage. Perhaps it's just that sitting short dollars is expensive with one-week dollar rates still well above 4.00%, ING's FX analyst Chris Turner notes.
US Dollar Index price forecast: Tests 50-day EMA resistance near 98.50
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending gains for the third successive session and trading around 98.30 during the European hours on Wednesday.
RBNZ: Dovish, but not diving - Standard Chartered
RBNZ cuts 25bps to 3%, two votes for 50bps; the OCR track now troughs at 2.55% in Q1-2026. Domestic weakness drove the RBNZ cut, as Q2 GDP likely contracted and the output gap is widening.
Dow Jones futures slip ahead of retailers' report, FOMC Minutes
Dow Jones futures decline during European trading on Wednesday, ahead of the opening of North American markets, trading below 44,900, down by 0.23%. Moreover, S&P 500 futures fall 0.23% to trade near 6,400, while Nasdaq 100 futures depreciate by 0.31%, trading near 23,400.
USD/CAD is pushing against multi.month highs at 1.3880
The US Dollar extends gains against its Canadian Counterpart on Wednesday, with price action pushing against the 1.3880 level, where the pair was capped on August 1.
GBP/USD: Bullish momentum on daily chart is fading - OCBC
Pound Sterling (GBP) extended its decline amid broad USD bound. Pair was last at 1.3499 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR: Lagarde speaks in Geneva - ING
EUR/USD is drifting lower in quiet markets. It might be easy to link this to a lack of progress on Ukraine peace talks, but this seems more like a generalised dollar move. Perhaps there is some modest risk reduction going on as investors pare back some EM exposures.
EUR/USD: Holding pattern - OCBC
Euro (EUR) was a touch softer overnight, as US Dollar (USD) saw mild rebound. Pair was last at 1.1643 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
China SMEI: Performance weakened in August - Standard Chartered
Headline SMEI retreated to 50 in August; the performance sub-index fell into contractionary territory. The softening was broad-based, albeit modest, across both manufacturing and services SMEs.
NZD/USD pressures key 200-DMA support - Société Générale
NZD/USD is testing the lower edge of its consolidation range and the 200-day moving average near 0.5800. A failure to reclaim resistance at 0.5940 would leave the pair vulnerable to a deeper decline, with downside projections at 0.5730 and 0.5620, Société Générale's FX analysts note.
New Zealand: RBNZ cuts OCR by 25 bps in Aug and turns more dovish - UOB Group
Earlier today (20 Aug), the Reserve Bank of New Zealand (RBNZ) decided to decrease the Official Cash Rate (OCR) by 25 bps from 3.25% to 3.00%, the lowest level in three years, UOB Group's economist Lee Sue Ann reports.
GBP/JPY recovers early losses as UK Inflation rose more than expected in July
The GBP/JPY pair claws back its early losses and flattens around 199.20 during the European trading session on Wednesday.
WTI rises to near $62.50 on US Oil stock drop, Ukraine-Russia talks in focus
West Texas Intermediate (WTI) Oil price recovers its recent losses from the previous session, trading around $62.30 per barrel during the early European hours on Wednesday.
Silver Price Forecast: XAG/USD hits two-week lows at $37.15 amid a firmer US Dollar
Silver (XAG/USD) is trading lower for the fifth consecutive day on Wednesday.
Lagarde speech: The Euro area economy proved resilient earlier this year
European Central Bank (ECB) President Christine Lagarde is speaking at the International Business Council of the World Economic Forum, in Geneva, on Wednesday.
NZD/USD adds to dovish RBNZ-inspired losses; slumps to four-month low around 0.5820 area
The NZD/USD pair adds to the dovish Reserve Bank of New Zealand (RBNZ)-inspired losses and dives to its lowest level since mid-April during the first half of the European session on Wednesday.
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