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Forex Today: Post-NFP US Dollar selloff pauses
Here is what you need to know on Monday, August 10:
Australian Dollar: Hawkish risk before RBA – Commerzbank
Volkmar Baur at Commerzbank expects the RBA to keep rates unchanged, in line with market pricing, but sees scope for a slightly hawkish tone given high petroleum prices and already reduced hike expectations.
British Pound outperforms at the start of the UK Q2 GDP data week
The British Pound (GBP) trades higher against its major currency peers and is marginally up at around 1.3500 against the US Dollar (USD) during the European trading session on Monday.
USD/JPY Price Forecast: Bounces up from lows with bulls aiming for 158.65Â
The US Dollar has retraced previous losses against the Japanese Yen (JPY) on Monday, with the USD/JPY pair returning above the 158.00 line, after bouncing up from Friday’s low, at 156.68. The pair has regained some momentum, and bulls are aiming at last week's highs, in the 158.65 area.
Denmark Trade Balance declined to 28.7B in June from previous 28.9B
Denmark Trade Balance declined to 28.7B in June from previous 28.9B
Denmark Current Account: 32.5B (June) vs 30.7B
Denmark Current Account: 32.5B (June) vs 30.7B
Norway Consumer Price Index (MoM) rose from previous 0.4%Â to 1% in July
Norway Consumer Price Index (MoM) rose from previous 0.4%Â to 1% in July
Norway Core Inflation (MoM): 0.8% (July) vs 0.4%
Norway Core Inflation (MoM): 0.8% (July) vs 0.4%
Sweden New Orders Manufacturing (YoY) climbed from previous 1.3% to 29.9% in June
Sweden New Orders Manufacturing (YoY) climbed from previous 1.3% to 29.9% in June
Sweden Industrial Production Value (YoY) fell from previous 6.9% to -1.5% in June
Sweden Industrial Production Value (YoY) fell from previous 6.9% to -1.5% in June
Norway Producer Price Index (YoY) increased to 23.4% in July from previous 14.9%
Norway Producer Price Index (YoY) increased to 23.4% in July from previous 14.9%
Sweden Industrial Production Value (MoM) dipped from previous 0.2%Â to -0.4% in June
Sweden Industrial Production Value (MoM) dipped from previous 0.2%Â to -0.4% in June
Norway Core Inflation (YoY) remains unchanged at 2.7% in July
Norway Core Inflation (YoY) remains unchanged at 2.7% in July