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Euro holds above 1.1500 as US inflation curbs Fed bets
The Euro holds firm above 1.1500 as inflation data in the US curbed Fed rate hike bets, as traders shifted from expecting a rate hike to a hold in the September 16 meeting, while investors await the release of economic growth figures in the European Union (EU).
South Korea Export Price Growth (YoY) up to 49.1% in July from previous 48.9%
South Korea Export Price Growth (YoY) up to 49.1% in July from previous 48.9%
South Korea Import Price Growth (YoY) down to 18.7% in July from previous 20.6%
South Korea Import Price Growth (YoY) down to 18.7% in July from previous 20.6%
New Zealand Dollar steadies off two-week lows following dovish RBNZ survey
NZD/USD is recovering on Thursday in the American session, regaining the mid-0.5800s after rising off two-week lows reached during the Asian session. The New Zealand Dollar (NZD) has clawed back some ground as the US Dollar (USD) lost momentum.
Forex Today: US Dollar holds steady ahead of US Retail Sales
The US Dollar (USD) has softened with the US Dollar Index (DXY) slipping back below the 100.00 mark after Thursday's lower-than-expected Producer Price Index (PPI) data and a higher-than-expected weekly Jobless Claims print trimmed bets on further Federal Reserve (Fed) tightening.
USD/MXN Price Forecast: Bears eye 17.00 as downtrend stretches
The USD/MXN extends its downtrend for the 14th straight day, down a minimal 0.08% as the Mexican Peso hovers near a 24-month low of 17.01 on Thursday.
Indonesian Rupiah: Two-way trade with key levels watched against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that USD/IDR has rebounded after a near 2% month-to-date pullback, with external factors such as elevated Oil prices and US rates remaining key drivers.
Crude Oil mistakes a Gulf Coast bottleneck for a glut
The largest weekly build in American Crude Oil inventories in three and a half years landed on Wednesday into a market that two forecasting agencies spent the same morning describing as physically short, and the barrel has been selling since.
Argentina Consumer Price Index (MoM) rose from previous 1.9%Â to 2.1% in July
Argentina Consumer Price Index (MoM) rose from previous 1.9%Â to 2.1% in July
Singapore Dollar: Range holds as upside risk watched against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/SGD stayed largely unchanged around 1.2805 on Tuesday, with momentum still flat.
USD/CHF Price Forecast: Bearish flag keeps 0.8145 in focus
The USD/CHF pair trades near the top trendline of a bearish flag pattern on Thursday, holding steady at around 0.8134 after the release of softer inflation data on the producer side.
Japanese Yen little changed amid cooling US inflation
USD/JPY is trading sideways on Thursday, hovering in the mid-159.00s and holding within its recent range. It is more of the same for the pair, which continues to move in consolidation as opposing forces cancel each other out.
Gold slips as US Dollar recovers despite softer US factory inflation
Gold (XAU/USD) price declines on Thursday as the US Dollar (USD) trims some of its earlier losses, as economic data in the US showed that the disinflation process continues, amid a moderately softening jobs market.