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EUR/GBP slips as NATO tensions and Trump tariffs weigh on Euro
The Euro reversed its course against the British Pound amid a scarce economic docket in Europe and in the UK, though geopolitics could be the reasons that pushed the shared currency lower. The EUR/GBP trades at 0.8729, down 0.14%.
China FX Today: Yuan consolidates as markets eye PMI data
The offshore Chinese Yuan (CNH) was relatively stable on Monday near 7.14 against the US Dollar (USD).
USD/JPY: Any advance is likely part of a higher range of 149.20/150.15 - UOB Group
Further US Dollar (USD) strength is not ruled out, but any advance is likely part of a higher range of 149.20/150.15. In the longer run, USD could rise further to 150.15, with lesser odds of reaching 150.90, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZD/USD: Small chance of breaking below the next support at 0.5730 - UOB Group
New Zealand Dollar (NZD) could decline further, but it remains to be seen if it can break below the next support at 0.5730. In the longer run, the outlook for NZD remains negative; the next level to watch is 0.5730, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP/USD edges higher as US Dollar eases after PCE and UoM sentiment data
The British Pound (GBP) gains traction against the US Dollar (USD) on Friday, with GBP/USD snapping a two-day losing streak. At the time of writing, the pair is hovering near 1.3393, staging a modest recovery after dropping to its weakest level in about seven weeks on Thursday.
Australia FX Today: Aussie awaits decisive RBA rate decision
The Australian Dollar (AUD) is consolidating against the US Dollar (USD) on Friday, with the AUD/USD pair stabilizing around 0.6530 after its recent fall.
EUR/USD edges higher as traders digest in-line US PCE inflation data
The Euro (EUR) edges modestly higher against the US Dollar (USD) on Friday, extending its intraday advance as investors weigh the latest US Personal Consumption Expenditures (PCE) inflation report, which came mostly in line with forecasts and offered little fresh impetus.
Fed's Barkin: Focus is now on balancing the Fed's goals
Richmond Federal Reserve President Thomas Barkin said on Friday that he saw limited risks of a sharp increase in either unemployment or inflation, which he argued would allow the Fed to balance its dual mandate as it considers further interest rate cuts.
Canada: GDP expanded by 0.2% MoM in July
Statistics Canada noted that the Canadian economy expanded by 0.2% in July, coming in above initial estimates of a 0.1% gain and reversing the previous 0.1% monthly contraction.
EUR/CHF Price Forecast: consolidates near 0.9330, downside bias intact below key resistance
EUR/CHF is trading sideways on Friday, hovering near 0.9332 after a choppy week marked by the Swiss National Bank's (SNB) monetary policy announcement.
Russia plans to limit diesel exports - Commerzbank
The crack spread in the diesel market climbed to nearly $27 per barrel yesterday, marking a 19-month high, Commerzbank's commodity analyst Barbara Lambrecht notes.
USD ignores softer Tokyo CPI with focus on spreads & US PCE - Scotiabank
The Japanese Yen (JPY) is trading defensively in an environment of broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP is outperforming on crosses as BoE repricing shifts with Fed - Scotiabank
The Pound Sterling (GBP) is trading flat against the US Dollar (USD) and outperforming all of the G10 currencies on the crosses, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR/USD: Spread correlations reveal relative CB policy dominance - Scotiabank
The Euro (EUR) is attempting to stabilize in the mid/upper-1.16s following US data-driven losses on Wednesday and Thursday, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD is unable to resist USD advance and risks a retest of 1.40 - Scotiabank
The Canadian Dollar (CAD) is little changed in overnight trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fed's Barkin: Not much confidence in any inflation forecast at this point
In an interview with Bloomberg Television, Richmond Federal Reserve Bank President Thomas Barkin said that he doesn't have much confidence in any inflation forecast at this point, per Reuters.
NZD/USD Price Forecast: Extends losing streak for fourth trading day
The NZD/USD pair extends its losing streak for the fourth trading day on Friday.
USD holds advance as yields provide support - Scotiabank
If the mid-week rise in the US Dollar (USD) was a bit of mystery, yesterday's additional gains at least had the backing of firmer than expected US data, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
US natural gas storage rises - ING
US natural Gas inventories increased by 75Bcf last week, a touch above expectations but just shy of the five-year norm. With storage still running 6.1% above average and weather outlooks mixed, Henry Hub prices were little changed, ING's commodity experts Ewa Manthey and Warren Patterson note.
US Dollar Index (DXY) steadies above 98.30 ahead of US inflation figures
The US dollar consolidates gains against its main peers on Friday, buoyed by a string of upbeat US macroeconomic releases.
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