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United States Initial Jobless Claims came in at 206K, above forecasts (205K) in August 28
United States Initial Jobless Claims came in at 206K, above forecasts (205K) in August 28
Canada Labor Productivity (QoQ) registered at 1% above expectations (0.7%) in 2Q
Canada Labor Productivity (QoQ) registered at 1% above expectations (0.7%) in 2Q
Euro: ECB succession and data support resilience – BNY
BNY’s Geoff Yu notes that Eurozone assets remain supported by steady composite PMI readings and improving signs in German demand, while speculation over ECB leadership succession grows.
Pound Sterling falls to one-month low against surging Japanese Yen
GBP/JPY extends its steep decline on Thursday as the Japanese Yen (JPY) strengthens sharply across the board for the second consecutive day. The cross fell 1.13% on Wednesday and is down around 1.60% at the time of writing, trading near 210.60, its lowest level in a month.
Mexico Consumer Confidence s.a: 46.1 (August) vs 45
Mexico Consumer Confidence s.a: 46.1 (August) vs 45
Mexico Consumer Confidence rose from previous 45.1Â to 46.6 in August
Mexico Consumer Confidence rose from previous 45.1Â to 46.6 in August
Japanese Yen: BoJ meeting to decide JPY path – Commerzbank
Commerzbank’s Michael Pfister highlights renewed weakness in the Japanese Yen as USD/JPY repeatedly breaks above 160 despite record FX interventions.
EUR/USD Price Forecast: 20-day EMA acts as key support level
The Euro (EUR) is up 0.2% to near 1.1610 against the US Dollar (USD) during the European trading session on Thursday.
What is keeping the US Dollar supported as front-end rates and ISM expectations point higher?
The US Dollar (USD), as measured by the US Dollar Index (DXY), is showing signs of floor-building following a volatile month, as the heavy hedging pressure triggered by a dovish reading of the July Federal Open Market Committee (FOMC) meeting subsides.
US Dollar: Near-term stabilization view – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) is softer mainly against the Japanese Yen and Swiss Franc, with Brent Oil nearing $100.
Gold tests $4,500 as US Dollar and yields retreat, Fed hike bets ease after Waller remarks
Gold (XAU/USD) extends its rebound on Thursday after slipping below $4,300 to a nearly four-week low on the previous day. A sharp rally in the Japanese Yen (JPY) weighs on the US Dollar (USD), while a pullback in US Treasury yields provides additional support to the precious metal.
New Zealand Dollar gains against US Dollar due to unfavorable US NFP backdrop
The New Zealand Dollar (NZD) is up 0.16% at around 0.5860 against the US Dollar (USD) during the European trading session on Thursday.
Euro tumbles as Japanese Yen surges on intervention threats
EUR/JPY falls sharply on Thursday and trades around 181.40 at the time of writing, down 1.37% on the day. The Japanese Yen (JPY) strengthens significantly against the Euro (EUR), supported by renewed warnings from Japanese authorities over foreign exchange market moves.