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Brazil Industrial Output (MoM) increased to 0.2% in July from previous -1.8%
Brazil Industrial Output (MoM) increased to 0.2% in July from previous -1.8%
Euro: Nagel backs September hike path – BNY
BNY’s Geoff Yu reports that European Central Bank (ECB) Governing Council member Joachim Nagel has strongly signaled a September rate hike as Eurozone inflation stays above target and activity proves resilient.
Japanese Yen rebounds against US Dollar as intervention risks resurface
USD/JPY retreats on Wednesday and trades around 159.65 at the time of writing, down 0.33% on the day.
US Dollar: Fed expectations support gains – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) is supported by widening US-G6 yield spreads and resilient US data, which keep Federal Reserve (Fed) rate hike expectations alive in the near term.
US Commerce Secretary Lutnick: Canada treated US 'disrespectfully'
United States (US) Commerce Secretary Howard Lutnick said during the European trading session on Wednesday that there will be tariff relief if the company builds in the US.
Gold: Oil-driven rate repricing weighs on bullion – ING
ING commodities strategists Warren Patterson and Ewa Manthey say Gold has slipped to a two‑week low below $4,300/oz as higher Oil prices revive concerns over US inflation and limit near‑term Federal Reserve easing.
United States Dollar Index rises to near 99.85 ahead of US ADP Employment data
The US Dollar (USD) reflects strength against its currency peers on Wednesday as United States bond yields surge further due to rising oil prices and hawkish Federal Reserve (Fed) expectations.
Gold turns positive as turmoil in Yen pairs hits US Dollar
Gold (XAU/USD) stages a sharp rebound on Wednesday, reversing all its earlier losses as a sudden rise in the Japanese Yen (JPY) triggers broad selling pressure on the US Dollar (USD). A pullback in US Treasury yields provides additional support to the precious metal.
United States MBA Mortgage Applications climbed from previous -1% to 0.8% in August 28
United States MBA Mortgage Applications climbed from previous -1% to 0.8% in August 28
1.3990: Why the Canadian Dollar is sliding toward the resistance zone that could decide the next move
USD/CAD has staged a rebound from recent lows near 1.3730 as markets digest a steady policy stance from the Bank of Canada (BoC) amid renewed United States (US)-Canada trade friction.
0.8150: Swiss Franc hits monthly lows as Fed hiking bets, risk aversion buoy US Dollar
The Swiss Franc (CHF) extends its decline against a stronger US Dollar (USD) on Wednesday, and is nearly 0.9% down in the last two days.
RBNZ raises rates: Why is the New Zealand Dollar plunging?
NZD/USD plunges 1.45% on Wednesday, trading around 0.5810 at the time of writing, as the New Zealand Dollar (NZD) comes under heavy selling pressure despite an interest-rate hike from the Reserve Bank of New Zealand (RBNZ).
Canadian Dollar: Scope to strengthen against US Dollar - Societe Generale
Societe Generale strategists see 1.3990/1.4030 as a key short-term resistance zone for USD/CAD following its rebound from 1.3730. They argue that a failure to break above this area could keep the broader decline intact, with 1.3840 as initial support.