Show:
Forex Today: US Dollar shows resilience despite Trump-Fed drama
Here is what you need to know on Wednesday, August 27:
NZD/USD holds losses near 0.5850 due to further RBNZ rate cut bets
NZD/USD has trimmed its losses from the previous session, trading around 0.5850 during the early European hours on Wednesday.
EUR/GBP softens below 0.8650 amid fears of French political crisis
The EUR/GBP cross trades in negative territory near 0.8630 during the early European session on Wednesday. The Euro (EUR) weakens against the Pound Sterling (GBP) amid French political uncertainty as French Prime Minister (PM) François Bayrou might lose a confidence vote on September 9.
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $63.00 per barrel, down from Tuesday's close at $63.16.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $66.58 after its previous daily close at $66.74.
EUR/JPY Price Forecast: Strengthens above 171.50, further consolidation cannot be ruled out
The EUR/JPY cross gains traction to near 171.85 during the early European session on Wednesday. The Japanese Yen (JPY) softens against the Euro (EUR) amid the improved risk sentiment, which undermines the safe-haven currency.
USD/JPY Price Forecast: Strives to break above 200-day EMA
The USD/JPY pair trades 0.4% higher to near 148.00 during the late Asian trading session on Wednesday. The pair advances as the Japanese Yen (JPY) underperforms its peers amid uncertainty surrounding the Tokyo Consumer Price Index (CPI) data for August, which is scheduled to be released on Friday.
SNB's Martin strikes cautious note on prospect of negative rates -- Reuters
Swiss Central Bank (SNB) Vice Chairman Antoine Martin said on Wednesday that the bar is higher for the central bank to move interest rates into negative territory than it would be to cut rates if they were still above zero, Reuters reported on Wednesday.
US Dollar Index advances to near 98.50 despite worries over Fed independence
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is recovering its recent losses and trading around 98.50 during the Asian hours on Wednesday.
USD/CAD ticks up around 1.3850, Fed Cook's ousting keeps US Dollar on back foot
The USD/CAD pair edges higher to near 1.3850 during the late Asian trading session on Wednesday. The Loonie pair gains marginally as the US Dollar (USD) ticks up, with the US Dollar Index (DXY) rising slightly to near 98.35.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
GBP/USD falls to near 1.3450, upside appears on fading BoE rate cut bets
GBP/USD retraces its recent gains from the previous session, trading around 1.3450 during the Asian hours on Wednesday.
Silver Price Forecast: XAG/USD tumbles to near $38.50 as US Dollar rebounds
The Silver price (XAG/USD) attracts some sellers to around $38.50 during the Asian trading hours on Wednesday. The white metal retreats from a two-week low due to some profit-taking and a stronger US Dollar (USD).
USD/CHF consolidates around 0.8050, Fed's Cook vows to defend her job
The USD/CHF pair trades in a tight range around 0.8050 during the Asian trading session on Wednesday.
WTI hovers around $63.00 ahead of US tariffs on India
West Texas Intermediate (WTI) Oil price moves little after registering more than 2% decline in the previous session, trading around $63.10 per troy ounce during the Asian hours on Wednesday.
EUR/USD ticks down to near 1.1630 amid French political uncertainty
The EUR/USD pair edges lower to near 1.1630 during the Asian trading session on Wednesday. The major currency pair faces a slight selling pressure as political uncertainty in France has weighed on the Euro (EUR).
Australian Dollar holds ground following stronger monthly CPI
The Australian Dollar (AUD) remains steady following the release of the Monthly Consumer Price Index (CPI) on Wednesday. However, the AUD/USD pair receives downward pressure as the US Dollar (USD) recovers its recent losses from the previous session.
Gold retreats from two-week high, concerns over Fed's independence might cap its losses
The Gold price (XAU/USD) trades on a negative note during the Asian trading hours on Wednesday. The precious metal retreats from a two-week high of $3,395 amid the profit-taking and modest rebound in the US Dollar (USD).
USD/JPY trades above 147.50, upside capped by Fed concerns
USD/JPY recovers its recent losses from the previous session, trading around 147.60 during the Asian hours on Wednesday. However, the upside of the pair could be restrained as the US Dollar (USD) may struggle amid rising concerns over Federal Reserve (Fed) independence.
PBOC sets USD/CNY reference rate at 7.1108 vs. 7.1161 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1108 as compared to the previous day's fix of 7.1188 and 7.1559 Reuters estimate.
US President Donald Trump says he's prepared for fight as Cook vows to sue -- Bloomberg
US President Donald Trump said he was ready for a legal fight with Federal Reserve (Fed) Governor Lisa Cook after he moved to oust her from her post following allegations that she falsified mortgage documents, Bloomberg reported late Tuesday.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy