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India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Thursday, according to data compiled by FXStreet.
EUR/JPY Price Forecast: Hovers near ascending channel's upper boundary at 175.00
EUR/JPY halts its three-day winning streak, trading around 174.70 during the Asian hours on Thursday. The currency cross holds losses ahead of the German GfK Consumer Confidence Survey due later in the day.
GBP/USD edges higher above 1.3450 as traders await Fedspeak, key US data
The GBP/USD pair recovers some lost ground to around 1.3460 during the Asian trading hours on Thursday. The US Dollar (USD) weakens against the Pound Sterling (GBP) as traders await more cues from the Fedspeak later on Tuesday.
EUR/USD gains near 1.1750 ahead of German GfK Consumer Confidence Survey, Fedspeak
EUR/USD rebounds after registering more than 0.5% losses in the previous session, trading around 1.1750 during the Asian hours on Thursday. The pair holds ground ahead of the German GfK Consumer Confidence Survey due later in the day.
USD/CAD holds losses below 1.3900 ahead of US Q2 GDP Annualized
USD/CAD halts its three-day winning streak, trading around 1.3890 during the Asian hours on Thursday. The pair loses ground as the US Dollar (USD) corrects downwards after registering more than 0.5% gains in the previous session.
Japanese Yen strengthens on hawkish BoJ Minutes, lacks follow-through
The Japanese Yen (JPY) strengthened during the Asian session on Thursday following the release of the Bank of Japan's (BoJ) July meeting Minutes, which revealed that the central bank expects to keep hiking if inflation and the economy move as estimated.
Australian Dollar pares recent losses due to technical correction
The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, recovering recent losses from the previous session. The AUD/USD pair gains ground as the Greenback remains steady ahead of the US Gross Domestic Product (GDP) for the second quarter (Q2) due later in the day.
PBOC Deputy Governor: Global bond investors remain confident in China's bond market
The People's Bank of China (PBOC) Deputy Governor said on Thursday that global bond investors remain confident in China's bond market. The Chinese officials further stated that they are working on promoting Chinese onshore bonds to become qualified collateral in Hong Kong and global markets.
NZD/USD extends downside to near 0.5800 as Fed's Powell signals caution on rate cuts
The NZD/USD pair remains on the defensive around 0.5815 during the early Asian session on Thursday. Federal Reserve (Fed) Chair Jerome Powell struck a cautious tone on further easing on Tuesday, supporting the US Dollar (USD).
PBOC sets USD/CNY reference rate at 7.1118 vs. 7.1077 previous
On Thursday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1118 compared to the previous day's fix of 7.1077 and 7.1293 Reuters estimate.
BoJ Minutes: To keep raising rates if economy, prices move in line with its forecast
The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook on Thursday, per the BoJ Minutes of the July meeting.
AUD/USD weakens below 0.6600 on Fed Powell's cautious rate outlook
The AUD/USD pair loses ground to near 0.6585 during the early Asian session on Thursday. The cautious rate outlook of the US Federal Reserve (Fed) Chair Jerome Powell provides some support to the US Dollar (USD) against the Australian Dollar (AUD).
GBP/USD flubs bullish recovery, falls back below key technical levels
GBP/USD fumbled a near-term bullish correction on Wednesday, slipping back below the 50-day Exponential Moving Average (EMA) near 1.3500 and snapping a two-day winning streak.
GBP/JPY Price Forecast: Surpasses 200.00 as soft Japan PMIs weigh on Yen
The GBP/JPY advances over 0.22% on Wednesday after the Japanese Yen weakened on softer Flash PMIs reported. At the time of writing, the cross-pair trades at 200.16 after hitting a daily low of 199.46.
USD/JPY rises above 148.50 ahead of BoJ Meeting Minutes
The USD/JPY pair rises to near 148.80 during the early Asian session on Thursday. The US Dollar (USD) strengthens to near its highest in three weeks against the Japanese Yen (JPY) due to a fresh round of risk aversion across the financial markets and a cautious tone from the US central bank.
EUR/USD drops below 1.1750 as Powell's cautious tone lifts Dollar
EUR/USD tumbles on Wednesday edges down 0.66% as the Greenback recovers following Tuesday's Fed Chair Jerome Powell speech, in which he was cautious regarding rushing to reduce interest rates. The pair trades at 1.1738 after hitting a daily high of 1.1819.
Fed's Daly supports rate cuts, but warns rates can't fix policy issues
Federal Reserve (Fed) Bank San Francisco President Mary C. Daly noted on Wednesday that although she supports rate cuts, there is only so much that pressing interest rates down to neutral can accomplish on the stability front.
Fed's Goolsbee warns against series of rate cuts
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee broke away from the overarching narrative of consecutive Fed rate cuts heading through the end of the year, widening the narrative gap between Fed incumbents and Donald Trump's newly-minted Fed plant Stephen Miran.
Forex Today: SNB rate call, US GDP, Japan Tokyo CP inflation on deck
The US Dollar lurched higher on Wednesday, sparked by a fresh round of risk aversion across the broader markets. Central banks worldwide are grappling with two-speed economies of varying degrees, and many are battling a steepening slowdown in economic activity.
USD/JPY hits three-week high as Greenback rebounds, BoJ minutes in focus
The Japanese Yen (JPY) weakens sharply against the US Dollar (USD) on Wednesday, with USD/JPY advancing to its highest level since September 3.
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