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Swiss Franc gains as US Dollar weakens despite Fed Chair Warsh’s hawkish remarks
USD/CHF holds losses after registering modest gains in the previous day, trading around 0.8090 during the Asian hours on Monday. The currency pair edges lower as the US Dollar (USD) weakens following comments from Goldman Sachs chief economist Jan Hatzius.
United States Dollar Index trades slightly lower at the start of the US NFP week
The US Dollar (USD) is slightly down in the Asian trading session at the start of the week. The US Dollar Index (DXY), which gauges the Greenback’s value against its peers, corrects 0.1% to near 99.58 after a strong Friday.
United States: Labour market watch – NBC Economics and Strategy
NBC Economics and Strategy report that U.S. nominal personal income rose 0.4% in July, double expectations, while spending increased 0.2% and real disposable income climbed 0.4% with flat real spending.
United States Dollar: Rebound needs stronger payrolls data – TD Cowen
TD Cowen’s Washington Strategy team, led by Chris Krueger, notes that a durable rebound in the Dollar hinges on stronger US policy follow-through and renewed upside surprises in US data.
Silver Price Forecast: XAG/USD falls to near $66.00 amid Fed Chair Warsh’s hawkish tone
Silver price (XAG/USD) extends its losses for the second successive day, trading around $66.10 per troy ounce during the Asian hours on Monday. The non-yielding Silver declined following hawkish remarks from Federal Reserve (Fed) Chair Kevin Warsh.
Australian Dollar eases from July 9 high vs New Zealand Dollar; awaits Aussie GDP and RBNZ
The AUD/NZD cross turns positive for the fourth straight day following an intraday fall to the 1.2065 area and climbs to a fresh high since July 9 during the Asian session on Monday.
Canadian Dollar strengthens despite hawkish Fed rhetoric
The USD/CAD pair edges lower to around 1.3890 during the Asian trading hours on Monday. Renewed tensions between the US and Iran boost crude oil prices, supporting the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
British Pound bounces off over one-week low vs soft USD; upside potential seems limited
The GBP/USD pair edges higher at the start of a new week, reversing a part of Friday's heavy losses to over a one-week trough.
New Zealand Dollar inches higher as China’s Manufacturing PMI ticks up in August
NZD/USD remains subdued for the second successive day, trading around 0.5910 during the Asian hours on Monday. However, the NZD/USD pair pares some of its daily losses as the New Zealand Dollar receives minor support following the release of China's NBS Purchasing Managers' Index (PMI) data.
Gold drifts lower below $4,450 as hawkish Warsh remarks lift Fed hike bets
Gold price (XAU/USD) attracts some sellers to near $4,445 during the early Asian trading hours on Monday. The precious metal edges lower on a surprisingly hawkish speech by Federal Reserve (Fed) Chairman Kevin Warsh at the Jackson Hole economic symposium.Â
Australian Dollar moves little following China’s NBS PMI data
AUD/USD edges higher after opening at a bearish gap, remaining in the negative territory and trading around 0.7160 during the Asian hours on Monday.
Australia Private Sector Credit (YoY) declined to 8.4% in July from previous 8.5%
Australia Private Sector Credit (YoY) declined to 8.4% in July from previous 8.5%
China's NBS Manufacturing PMI climbs to 49.8 in August, Non-Manufacturing PMI steadies at 49.0Â Â
China’s Manufacturing Purchasing Managers' Index (PMI) rose to 49.8 in August, compared to 49.2 in the previous reading, China’s National Bureau of Statistics (NBS) reported on Monday. The reading came in above the market consensus of 49.7 in the reported month.Â