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AUD/USD tumbles to three-week low as US Dollar rallies on robust economic data
The Australian Dollar (AUD) slumps against the US Dollar (USD) on Thursday, with the AUD/USD pair extending losses for a second consecutive session and falling to its weakest level since September 5.
FX Today: US, Tokyo inflation in the limelight
The US Dollar (USD) picked up strong pace on Thursday, advancing to three-week highs as investors assessed firmer US data releases while Fed officials gave mixed remarks regarding the Fed's rate path.
Fed's Logan calls for Fed to modernize interest rate target system
Federal Reserve (Fed) Bank of Dallas President Lorie Logan stated on Thursday that the Fed needs to modernize how it approaches setting interest rates, acknowledging that the central bank may need to allow for more volatility in the underlying repo rate and noted that the Fed has overhauled its rate
Goolsbee says rates can come down, but pace depends on inflation
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee acknowledged that interest rates are currently in restrictive territory, implying there may be room to move lower soon.
USD/JPY rallies to seven-week high; focus shifts to US PCE and Tokyo CPI
The Japanese Yen (JPY) loses ground against the US Dollar (USD) on Thursday, with USD/JPY surging to its highest level in seven weeks.
GBP/JPY slips as UK fiscal concerns weigh, BoJ hike bets firm
The Pound Sterling losses ground versus the Japanese Yen on Thursday as the cross-pair reversed its course from around weekly highs of 200.34, weighed by investors growing concerns about Britain finances. The GBP/JPY trades at 199.72, down 0.27%.
United States FX Today: The US Dollar climbs as we approach crucial PCE inflation data
The US Dollar Index (DXY) is trading strongly on Thursday, awaiting data on the Personal Consumption Expenditures (PCE) Price Index, due on Friday at 12:30 GMT.
EUR/GBP rises to late-July highs amid UK fiscal strains and political uncertainty
The Euro (EUR) strengthens against the British Pound (GBP) on Thursday, with EUR/GBP trading around 0.8740 after briefly touching its highest level since July 28 earlier in the day.
Canada FX Today: The Canadian Dollar awaits a GDP lifeline as economic headwinds mount
The Canadian Dollar (CAD) remains under slight pressure on Thursday against the US Dollar (USD) as markets anticipate the release of July's monthly Canadian Gross Domestic Product (GDP) on Friday at 12:30 GMT.
GBP/USD falls to three-week low as strong US data boosts Dollar
The British Pound (GBP) loses ground against the US Dollar (USD) on Thursday, with GBP/USD slipping below the 1.3400 psychological mark as a wave of stronger-than-expected US economic data revives demand for the Greenback.
US real GDP expands 3.8% in Q2 vs. 3.3% expected
The United States' (US) Gross Domestic Product (GDP) expanded at an annual rate of 3.8% in the second quarter, the US Bureau of Economic Analysis' (BEA) final estimate showed on Thursday. This reading came in above the previous estimate and the market expectation of 3.3%.
EUR/USD slumps as US Dollar surges on strong US data, tests 1.1700
The Euro (EUR) extends its decline for the second day against the US Dollar (USD) on Thursday, weighed down by a string of upbeat US economic data that boosted the Greenback across the board.
Fed's Schmid: Recent data points to rising risks to job market
Federal Reserve (Fed) Bank of Kansas City President Jeffrey Schmid said on Thursday that the Fed is currently close to meeting its mandates but added that policy must be forward-looking, per Reuters.
Fed's Goolsbee: Job market seems to be cooling, inflation is going up
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee repeated on Thursday that he fells "somewhat uneasy" with frontloading too many rate cuts based on jobs numbers slowing, per Reuters.
US: Initial Jobless Claims dropped to 218K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance went down to 218K for the week ending September 20.
Fed's Miran: No material evidence of tariff-driven inflation
Federal Reserve (Fed) Governor Stephen Miran told Fox Business on Thursday that other policymakers are more concerned about tariffs driving inflation than he is, per Reuters.
Gold steadies near $3,750 as markets eye US data and Fed commentary
Gold (XAU/USD) steadies on Thursday, recovering from the previous day's corrective pullback as markets gear up for a busy US economic calendar.
USD/JPY clings to gains near 149.00 ahead of US Initial Jobless Claims data
The USD/JPY pair holds onto gains near the 20-day high around 149.00 during the early North American session on Thursday.
USD/CAD remains steady near 1.3900 with US GDP data on focus
The US Dollar has been trading within a narrow range near the 1.3900 level on Thursday, with downside attempts held at 1.3885.
AUD/USD wobbles around 0.6600 ahead of key US data release
The AUD/USD pair trades in a tight range around 0.6600 during the late European trading session on Thursday.
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