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EUR/USD: Unlikely to break clearly above 1.1675 - UOB Group
Euro (EUR) could rebound further, but it is unlikely to break clearly above 1.1675. In the longer run, EUR is now expected to trade in a range of 1.1580/1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD trades soft within narrow August range - BBH
The US Dollar (USD) has given back most of yesterday's gains and remains trapped in this month's narrow range.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data.
USD/CNH tests July low at 7.14 - Société Générale
USD/CNH is hovering near the July low of 7.14, with only limited rebound potential in sight. Failure to break above 7.19 would keep the bearish trend intact, opening the door for a deeper move toward 7.11 and possibly 7.07, Société Générale's FX analysts note.
USD/JPY: Focus on Tokyo CPI tomorrow - OCBC
USD/JPY slipped overnight amid pullback in UST yields. There was news of top trade negotiator Akazawa cancelling his trip to Washington as there were points that needed to be debated at the administrative level. This saw little FX reaction. Pair was last at 147.10 levels.
USD: Choppy month-end conditions - ING
Having been a little bid early yesterday, the dollar has come back broadly offered. Short-dated US yields remain near their recent lows, and most would conclude that this week's removal of the Fed's Lisa Cook by President Trump is dollar-negative.
DXY: 2Q GDP today - OCBC
US Dollar (USD) dipped overnight, tracking the moves lower in UST yields. DXY last at 98 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
CNY: A considered move from the PBoC - ING
Even though the model-based estimates of where the People's Bank of China should be fixing USD/CNY are not moving much, the PBoC is fixing USD/CNY decidedly lower. It seems increasingly clear that Chinese authorities want a stronger renminbi, ING's FX analyst Chris Turner notes.
US Dollar Index Price Forecast: Tests 98.00 support after breaking below nine-day EMA
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the third successive session and trading around 98.10 during the European hours on Thursday.
EUR/USD: Political risks may still weigh - OCBC
Euro (EUR) managed a rebound overnight after Dutch caretaker PM Dick Schoof and his cabinet survived a no-confidence vote yesterday. EUR was last at 1.1650 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
ECB's Rehn: Significant weakening of Dollar dominance unlikely
European Central Bank (ECB) policymaker Olli Rehn said on Thursday that he considers a raping and significant weakening of the US Dollar (USD) unlikely, per Reuters.
NZD/USD stalls below 0.5075 area, awaiting US GDP, PCE inflation data
The New Zealand Dollar is trading practically flat against the US Dollar on Thursday, looking for direction below the top of the weekly trading range, at 0.5875, with investors looking from the sidelines ahead of US GDP data today and, more importantly, the PCE Prices Index data on Friday.
Gold Price Forecast: XAU/USD trades firmly near $3,400, sees resistance around $3,440
Gold price (XAU/USD) holds onto gains near $3,400 during the European trading session on Thursday. The precious metal demonstrates strength as traders are increasingly confident that the Federal Reserve (Fed) will cut interest rates in the September monetary policy meeting.
Pound Sterling wobbles as focus shifts to US data
The Pound Sterling (GBP) is broadly sideways against the US Dollar (USD) around 1.3500 on Thursday. The GBP/USD pair consolidates as the US Dollar trades cautiously, following dovish comments on interest rates from New York Federal Reserve (Fed) Bank President John Williams on Wednesday.
EUR: Car sales a reminder that the consumer is ok - ING
At the weekend, ECB President Christine Lagarde gave a reasonably upbeat interview to Fox News. She said consumers and businesses were resilient and that whilst growth was not particularly strong, the signs were optimistic, ING's FX analyst Chris Turner notes.
USD/CAD remains depressed below 1.3800 amid higher hopes of Fed cuts
The US Dollar has ticked up from two-week lows below 1.3770 against the Canadian Dollar on Thursday, but remains capped below the 1.3800 level, after depreciating 0.5% over the two previous days, wth investors ramping up bets for Fed cuts.New York Fed President John Williams further fueled these hop
USD/JPY holds losses below 147.50 ahead of Q2 US GDP Annualized
USD/JPY depreciates after registering a steady previous session, trading around 147.30 during the European hours on Thursday. The pair loses ground as the Japanese Yen (JPY) gains ground, driven by recent comments from the Bank of Japan (BoJ) Governor Kazuo Ueda.
Silver Price Forecast: XAG/USD surges toward $39.00 as Fed rate cut bets increase
Silver price (XAG/USD) rises more than 0.5%, trading around $38.80 per troy ounce during the early European hours on Thursday. The price of the non-yielding Silver gains ground amid rising odds of US Federal Reserve (Fed) interest rate cuts.
USD/CHF remains flat, right above 0.8000 after Swiss data
The US Dollar has found some support ahead of the 0.8000 psychological level against the Swiss Franc, after its reversal from 0.8075 highs on Wednesday.
Forex Today: Markets remain choppy as investors await US data
Here is what you need to know on Thursday, August 28:
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