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WTI falls below $81.00 as Iran-Oman talks fuel hopes of Hormuz reopening
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $80.90 during the early European trading hours on Thursday. WTI slumps as hopes grow for a reopening of the Strait of Hormuz amid diplomatic efforts involving Iran and Oman.Â
AUD/USD Price Forecast: Hawkish RBA bets support rally towards 0.7275
The Australian Dollar (AUD) is up 0.2% to near 0.7185 against the US Dollar (USD) during the European trading session on Thursday. The Aussie pair strengthens as hotter-than-projected Australian Consumer Price Index (CPI) data for July has prompted hawkish Reserve Bank of Australia (RBA) prospects.
Indonesian Rupiah weakens as domestic protests, inflation risks loom
USD/IDR gains ground for the third successive day, trading around 17,800 during the Asian hours on Thursday. The currency pair is under downward pressure as the Indonesian Rupiah (IDR) struggles against fragile domestic sentiment.
Sweden Trade Balance (MoM) declined to 1.2B in July from previous 2.6B
Sweden Trade Balance (MoM) declined to 1.2B in July from previous 2.6B
Norway Gross Domestic Product Growth increased to 0.7% in 2Q from previous 0.4%
Norway Gross Domestic Product Growth increased to 0.7% in 2Q from previous 0.4%
Norway Gross Domestic Product Growth Mainland below expectations (0.4%) in 2Q: Actual (0.3%)
Norway Gross Domestic Product Growth Mainland below expectations (0.4%) in 2Q: Actual (0.3%)
Germany GfK Consumer Confidence Survey came in at -26.6, above forecasts (-29.6) in September
Germany GfK Consumer Confidence Survey came in at -26.6, above forecasts (-29.6) in September
BoJ’s Himino says will balance economic data and inflation risks on rates
Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Thursday that the central bank will reach decision on rates balancing need to gain information on economy, financial conditions, and acting in timely fashion to avoid being behind the curve on inflation.
United States Dollar holds gains near 99, all eyes on Jackson Hole Symposium
The US Dollar (USD) clings to previous day’s gains on Thursday, driven by a sticky United States (US) Personal Consumption Expenditure (PCE) Price Index report for July.
Euro drifts higher above 1.1650 on hawkish ECB stance
The EUR/USD pair gains ground to near 1.1655 during the early European trading hours on Thursday. The Euro (EUR) strengthens against the Greenback on the hawkish stance of the European Central Bank (ECB). The US Initial Jobless Claims data is due on Thursday.
Indian Rupee falls as upbeat US Dollar outweighs lower oil prices
The Indian Rupee (INR) trades lower against the US Dollar (USD) on Thursday after a holiday the previous day. The USD/INR pair rebounds to near 95.50 from its 10-day low of 95.40 posted on Tuesday.
USD/JPY Price Forecast: Bulls await breakout above 50% Fibo. hurdle near 159.65
The USD/JPY pair turns positive for the fourth consecutive day following an intraday dip to the 159.00 neighborhood during the Asian session on Thursday.
Swiss Franc steadies as US Dollar holds ground following robust economic data
USD/CHF remains steady after registering 0.5% gains in the previous day, trading around 0.8050 during the Asian hours on Thursday. The currency pair remains bound to a tight range as a resilient US Dollar (USD) holds its ground, bolstered by robust economic data.