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Euro: Range-trading bias around recent highs against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann report EUR/USD briefly spiked to 1.1462 after weaker United States (US) Consumer Price Index (CPI) before retreating to 1.1419.
Indian Rupee holds early ground as traders dial down hawkish Fed bets
The Indian Rupee (INR) gains ground against the US Dollar (USD) on Wednesday after rising significantly in the last three trading days.
Euro edges higher against British Pound as oil surge lifts ECB rate expectations
The EUR/GBP cross gains momentum to near 0.8535 during the early European trading hours on Wednesday. Traders ramp up bets on the Bank of England (BoE) and European Central Bank (ECB) rate hikes as oil price surge reignites inflation fears.
ECB's Kocher: Ready to take monetary policy action at any time if needed
European Central Bank (ECB) Governing Council member Martin Kocher said on Wednesday that the central bank prepared to implement monetary policy measures whenever necessary.Â
British Pound advances as US Dollar remains subdued following inflation data
GBP/USD rises for the second consecutive day, trading around 1.3400 during the Asian hours on Wednesday.
Japan Tertiary Industry Index (MoM) came in at 1.1%, above forecasts (0.4%) in May
Japan Tertiary Industry Index (MoM) came in at 1.1%, above forecasts (0.4%) in May
EUR/USD Price Forecast: Bulls remain cautious below 23.6% Fibo. and 1.1470 hurdle
The EUR/USD pair attracts some dip-buyers following the previous day's pullback from the 1.1460-1.1470 horizontal resistance, though it remains confined within a multi-week-old range.
AUD/JPY Price Forecast: Gains traction above 113.00, bullish trend stays firm above 100-day SMA
The AUD/JPY cross trades in positive territory around 113.25 during the early European trading hours on Wednesday. The Japanese Yen (JPY) edges lower against the Australian Dollar (AUD) after reports regarding the Government Pension Investment Fund (GPIF).
Indonesian Rupiah firms after S&P Global reaffirms stable grade rating
USD/IDR loses ground for the second consecutive day, trading around 18,110 during the Asian hours on Wednesday. The pair depreciates as the Indonesian Rupiah (IDR) strengthens following S&P Global Ratings' reaffirmation of Indonesia’s investment-grade credit rating with a stable outlook.
Swiss Franc steadies as US Dollar declines following softer inflation data
USD/CHF steadies after registering 0.7% losses in the previous day, trading around 0.8090 during the Asian hours on Wednesday.
China’s NBS: The economy remains resilient despite Q2 slowdown
China’s Deputy Head of the National Bureau of Statistics (NBS) expresses confidence during the Asian market session on Wednesday that the economy remains resilient despite a slowdown in the second quarter this year.
EUR/JPY Price Forecast: Remains near the symmetrical triangle top around 185.50
EUR/JPY extends its gains for the third successive day, trading around 185.40 during the Asian hours on Wednesday. The currency cross is retaining a mildly bullish tone as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs).
US CENTCOM says it ends latest round of strikes targeting Iran
The United States (US) military's Central Command (CENTCOM) confirms that it conducted another set of strikes against Iran at 10 PM ET on July 14.