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USD edges lower, markets hold ranges - Scotiabank
The US Dollar (USD) has slipped back somewhat overall through the course of the European morning session, giving up early gains to trade a little softer overall against most of its major currency peers as the North American day gets underway, Scotiabank's Chief FX Strategists Shaun Osborne and Eric
Global PMI: August inventory upswing - Standard Chartered
PMI data shows broad-based expansion across sectors; all sub-indices were higher than in July. US inventory growth and input/output price pressures surged on a m/m basis.
USD/JPY rises to near 149.00 ahead of US JOLTS Job Openings data
The USD/JPY pair moves higher to near 149.00 during the European session on Wednesday. The pair moved higher as the Japanese Yen (JPY) underperforms its peers, following a sharp increase in Japan's long-term bond yields.
USD/CAD hesitates below 1.3800 ahead of US employment, industrial data
The US Dollar appreciates for the third consecutive day on Wednesday, buoyed by higher US yields, while the decline in Oil prices keeps weighing on the commodity-sensitive Loonie.
AUD/USD steady as Q2 GDP beats forecasts - BBH
AUD/USD is trading in a tight range around 0.6520. Australia Q2 real GDP growth beat expectations, BBH FX analysts report.
GBP, gilts stabilize after heavy sell-off - BBH
Pound Sterling (GBP) and long-term gilts stabilized after yesterday's plunge, BBH FX analysts report.
USD/CNH: Expected to trade in a range between 7.1300 and 7.1500 - UOB Group
US Dollar (USD) is expected to trade in a range between 7.1300 and 7.1500. In the longer run, the current price movements are likely part of a range trading phase between 7.1200 and 7.1650, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Dovish Fed can put additional downward pressure on USD - BBH
The global bond market rout stretched into a second day, weighing on equities, boosting gold prices to new highs, and lifting US Dollar (USD) against most currencies. The bond market sell-off reflects genuine concerns over fiscal profligacy across Europe and the US, BBH FX analysts report.
USD/JPY: Overbought conditions may limit gains to 149.15 - UOB Group
US Dollar (USD) could strengthen further; overbought conditions may limit gains to 149.15. In the longer run, outlook for USD is positive; it remains to be seen if it can maintain the rapid pace of advance. The level to watch is 149.55, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD crawls above 0.6525 on upbeat Australia's GDP, easing risk aversion
The Australian Dollar has turned positive on the daily charts after bouncing from the 0.6500 area and is trading near daily highs, at the 0.6525 area, favoured by strong Australian GDP data and easing concerns about the fiscal deficits.
NZD/USD: May test the support at 0.5830 before stabilization - UOB Group
New Zealand Dollar (NZD) may test the support at 0.5830 before stabilization can be expected; a clear break below this level is unlikely. In the longer run, NZD is likely to trade in a range of 0.5800/0.5900, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/CNH: Rebound meets resistance - OCBC
USD/CNH was a touch firmer for a 3rd consecutive session this week, tracking USD/CNY fix which was set higher again - today at 7.1108 vs 7.1089 on Tuesday and 7.1072 on Monday vs. 7.1030 last Friday. Pair was last at 7.1451, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
AUD/USD: Likely to trade in a range of 0.6480/0.6540 - UOB Group
Instead of continuing to decline, Australian Dollar (AUD) is more likely to trade in a range of 0.6480/0.6540. In the longer run, AUD is expected to trade in a range, most likely between 0.6460 and 0.6560, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
DXY: JOLTS Job openings today - OCBC
US Dollar (USD) rose overnight but range remains confined to recent levels. DXY last at 98.28 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/CHF hovers around 0.8050 as traders adopt caution ahead of Fed Beige Book
USD/CHF struggles after two days of gains, trading around 0.8040 during the European hours on Wednesday. The pair receives downward pressure as the US Dollar (USD) faces challenges amid rising odds of the US Federal Reserve (Fed) delivering interest rate cut in September.
UK's Reeves: Britain's economy is not broken
UK Finance Minister Rachel Reeves said on Wednesday that "Britain's economy is not broken."
USD: Dollar rally may be unwound - ING
Yesterday's dollar rally lacked a clear catalyst beyond the selloff in global long-dated bonds - including the high-profile UK gilts. Rising debt concerns outside the US may have triggered some unwinding of abundant USD longs.
USD: The really big chunks are yet to come - Commerzbank
The US ISM manufacturing index was good for a few short-term pips, but it failed to give the dollar a real blow yesterday. This is hardly surprising.
GBP/USD may retest the 1.3340 low - UOB Group
Sharp drop in Pound Sterling (GBP) may retest the 1.3340 low; a sustained decline below this level is unlikely.
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