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USD/INR extends losing streak on US-India trade deal optimism, Fed policy eyed
The Indian Rupee (INR) extends its upside against the US Dollar (USD) for the fourth trading day in a row on Wednesday.
NZD/USD trades in the red below one-month top/0.6000 as USD firms ahead of Fed decision
The NZD/USD pair struggles to capitalize on its weekly gains registered over the past two days, to an over one-month high, and attracts some sellers in the vicinity of the 0.6000 psychological mark during the Asian session on Wednesday.
EUR/USD loses momentum to near 1.1850 ahead of ECB's Lagarde speech, Fed rate decision
The EUR/USD pair loses momentum near 1.1855, snapping the four-day winning streak during the Asian trading hours on Wednesday.
USD/CAD rebounds to near 1.3750 ahead of policy meeting from Fed, BoC
USD/CAD gains ground after two days of losses, trading around 1.3750 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) holds ground ahead of the US Federal Reserve (Fed) policy decision.
GBP/USD remains below 1.3650 ahead of UK CPI data
GBP/USD loses ground after two days of gains, trading around 1.3640 during the Asian hours on Wednesday. The Pound Sterling (GBP) inches lower against the US Dollar (USD) ahead of the United Kingdom's (UK) Consumer Price Index (CPI) and Retail Price Index data.
Japanese Yen softens amid modest USD bounce; focus remains on FOMC and BoJ
The Japanese Yen (JPY) retreats slightly after touching its highest level since July 24 against the rebounding US Dollar (USD) during the Asian session on Wednesday, though the downside potential seems limited.
UK CPI is expected to grow at faster pace in August, endorsing BoE hawks
The United Kingdom (UK) Office for National Statistics (ONS) will publish the high-impact Consumer Price Index (CPI) data for August on Wednesday at 06:00 GMT.
Australian Dollar edges lower as US Dollar holds ground ahead of Fed policy
The Australian Dollar (AUD) inches lower against the US Dollar (USD) on Wednesday after two days of gains.
US Dollar Index remains on the defensive below 97.00 as traders await the Fed rate decision
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, remains on the defensive near 96.70 as investors firmed bets for a Federal Reserve (Fed) interest rate cut later on Wednesday.
PBOC sets USD/CNY reference rate at 7.1013 vs. 7.1027 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1013 compared to the previous day's fix of 7.1027 and 7.1021 Reuters estimate.
USD/JPY tumbles below 146.50, all eyes on Fed rate decision
The USD/JPY pair remains under some selling pressure around 146.45 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the Japanese Yen (JPY) as investors continue to assess the likelihood of extra interest rate cuts by the Federal Reserve (Fed) in the next few months.
NZD/USD breaks higher, inches toward 0.60
NZD/USD climbed through key technical resistance on Tuesday, chalking in another bullish candle and grinding closer toward the 0.6000 handle as the Greenback tumbles across the board.
EUR/USD surges to 1.1878, highest since 2021, as Fed cut bets sink Dollar
The EUR/USD rallied to a four-year high of 1.1878 on Tuesday as investors ditched the Dollar on increased bets that the Federal Reserve will resume its easing cycle this week. The pair trades at 1.1865, up almost 0.90% at the time of writing.
EUR/JPY rallies for second day as bullish setup targets 178.00
The EUR/JPY trends higher for the second straight day, hits a six-day high of 173.83 as the technical picture, suggests that further upside is seen. At the time of writing, the cross-pair trades at 173.80, up 0.25%.
EUR/USD holds firm above 1.1800 as strong US Retail Sales limits Dollar downside
The Euro (EUR) came under mild pressure against the US Dollar (USD) during the American session on Tuesday, as upbeat US economic data tempers risk appetite and lifts the Greenback modestly off recent lows.
European Commission President Ursula von der Leyen agrees to pressure Russia
European Commission (EC) President Ursula von der Leyen acknowledged she communicated with United States (US) President Donald Trump, and will instruct the EC to accelerate proposals to clamp down on Russian market access in retaliation for failing to reach a peacefire agreement with Ukraine.
AUD/USD continues bullish climb, taps 47-week high
AUD/USD extended into another bullish candle on Tuesday, extending the Australian Dollar's (AUD) recent bull run against a broad-market Greenback selloff.
Canada CPI unlikely to alter BOC easing path - BBH
Canada's August CPI is expected to confirm that underlying inflation pressures are stable but fading, leaving the Bank of Canada free to resume easing as labor market weakness deepens and policy divergence weighs on CAD, particularly against AUD and NOK, BBH FX analysts report.
When is the US Retail Sales data and how it could affect EUR/USD?
The United States (US) Retail Sales for August is due for release today at 12:30 GMT. The Retail Sales data, a key measure of consumer spending, is expected to have grown at a moderate pace of 0.2%, against a 0.5% increase seen in July.
EUR/USD targets July high at 1.1829 - BBH
EUR/USD is firming toward its July high as resilient Eurozone data and a steady ECB policy stance underpin the uptrend, while relative Fed dovishness continues to favor the euro, BBH FX analysts report, BBH FX analysts report.
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