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Australian Dollar eases from highs as the impact from Trade Balance figures fade
The Australian Dollar (AUD) posts moderate losses against the US Dollar (USD) on Thursday, retreating to the 0.7040 area from three-week highs at 0.7064 on Wednesday.
New Zealand Dollar slips under safe-haven US Dollar surge
NZD/USD extends its losses for the second successive day, trading around 0.5870 during the European hours on Thursday. The pair depreciates as the US Dollar (USD) gains support from renewed safe-haven demand following an Israeli airstrike in southern Lebanon.
Indian Rupee: Gradual strengthening path outlined – MUFG
MUFG’s Michael Wan expects USD/INR to grind lower over the next 3–6 months towards 94.00, before rebounding to 96.00 in the next calendar year.
Equities: Tech-led rally faces growing caution – Danske Bank
Danske Research Team highlights that global equities have gained about 5% over five sessions, with cyclicals and growth outperforming defensives and value, pointing to a tech-driven move.
Switzerland Unemployment Rate s.a (MoM) remains unchanged at 3.1% in July
Switzerland Unemployment Rate s.a (MoM) remains unchanged at 3.1% in July
Spain Industrial Output Cal Adjusted (YoY) declined to 1.1% in June from previous 3.4%
Spain Industrial Output Cal Adjusted (YoY) declined to 1.1% in June from previous 3.4%
Austria Wholesale Prices n.s.a (YoY) increased to 6.9% in July from previous 5.4%
Austria Wholesale Prices n.s.a (YoY) increased to 6.9% in July from previous 5.4%
Austria Wholesale Prices n.s.a (MoM) up to 0.8% in July from previous -0.7%
Austria Wholesale Prices n.s.a (MoM) up to 0.8% in July from previous -0.7%
USD/JPY Price Forecast: Likely return to two-month low near 155.00
The USD/JPY pair holds onto a three-day recovery move near 157.80 during the European trading session on Thursday.
Euro: Upside bias needs close above resistance against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD extended modest gains to close at 1.1551, with mild upward momentum still intact. Intraday, the pair may test 1.1565, though a move to 1.1600 is seen as unlikely without stronger momentum.
Canadian Dollar flatlines as traders watch possible US-Iran deal
The USD/CAD pair USD/CAD holds steady around 1.4015 during the early European trading hours on Thursday. Traders await a possible US-Iran deal, which could give direction to the pair. The US Initial Jobless Claims report is due later on Thursday.Â
Euro steadies at three-week highs amid positive data and lower Oil prices
The Euro (EUR) remains practically flat against the US Dollar (USD) at the European session opening times on Thursday, with the EUR/USD pair holding gains at the 1.1550 area after rallying about 1.6% from last week's lows.
Germany Factory Orders n.s.a. (YoY) climbed from previous 6.2% to 6.5% in June
Germany Factory Orders n.s.a. (YoY) climbed from previous 6.2% to 6.5% in June