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NZD/USD: RBNZ in focus tomorrow - OCBC
Consensus is for 25bp cut to bring OCR to 3%. Slowing growth, weaker labour market, easing inflationary pressure and falling consumer confidence suggest that a 25bp cut is a done deal. NZD was last at 0.5917 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD: Clearer roadmap for peace talks - ING
Yesterday's summit between President Zelenskyy, European leaders, and President Trump in Washington didn't deliver huge surprises but confirmed that the US is open to providing security guarantees to Ukraine.
DXY: Calibrating expectations - OCBC
US Dollar (USD) inched higher overnight, in absence of data. DXY was last at 98.03 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
RBNZ: One last time? - Commerzbank
Tomorrow morning at 3 a.m. BST, the Reserve Bank of New Zealand (RBNZ) will announce its interest rate decision, and most analysts, including myself, expect a cut to 3%. The market has already priced in this move at over 90%.
GBP: Gilts underperforming ahead of CPI - ING
Gilts had a poor session yesterday, underperforming Bunds by 5bp on the 10-year, ING's FX analyst Francesco Pesole notes.
EUR/USD: Holding pattern on the daily charts - OCBC
Euro (EUR) eased lower, amid broad US Dollar (USD) rebound as markets grew cautious on Powell's stance this Friday. Pair was last at 1.1677 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR: Lagging, but can rise on the macro story - ING
EUR/CHF briefly traded above 0.945 as markets reopened from the weekend but has since given up all gains and is back at Friday's 0.941 level.
US, EU officials to immediately work on security guarantees for Ukraine - Bloomberg
Citing people familiar with the matter, Bloomberg reported on Tuesday that the officials from the United States (US) and the European Union (EU) are said to immediately work on security guarantees for Ukraine.
Canada's CPI is set to decline in July on annual basis while gaining steam on monthly reading
Statistics Canada will issue the Consumer Price Index (CPI) for July on Tuesday. This will attract the market's attention since it will provide the Bank of Canada (BoC) with fresh information on how inflation is changing, which they use to set interest rates.
Forex Today: Eyes on US housing data and Canada inflation report
Here is what you need to know on Tuesday, August 19:
NZD/USD remains above 0.5900 on dovish Fed outlook, awaits upcoming RBNZ decision
NZD/USD edges higher after recovering its recent losses registered in the previous session, trading around 0.5930 during the early European hours on Tuesday.
EUR/GBP steadies above 0.8600 as Trump pushes Ukraine talks
The EUR/GBP cross trades on a flat note around 0.8635 during the early European session on Tuesday.
USD/CHF loses momentum below 0.8100 despite hopes for a Russia-Ukraine peace deal
The USD/CHF pair tumbles to near 0.8070 during the early European session on Tuesday.
EUR/JPY flat lines above 172.00 mark; bullish potential seem intact
The EUR/JPY cross extends its sideways consolidative price move for the second straight day and remains confined in a narrow band, above the 172.00 mark through the Asian session on Tuesday.
USD/CAD holds above 100-day SMA; looks to build on strength beyond 1.3800
The USD/CAD pair climbs back above the 1.3800 mark during the Asian session on Tuesday, though it lacks bullish conviction and remains below an over two-week high touched the previous day.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
GBP/USD softens to near 1.3500 as traders pare bets on Fed rate cut
The GBP/USD pair trades on a softer note near 1.3500 during the early European session on Tuesday. The US Dollar (USD) posts modest gains against the Pound Sterling (GBP) as traders pared bets on a rate cut at the US Federal Reserve (Fed) September 16-17 meeting.
EUR/USD remains subdued near 1.1650, awaits Ukraine-Russia developments, EU economic data
EUR/USD remains subdued for the second successive session, trading around 1.1660 during the Asian hours on Tuesday. The pair struggles as the US Dollar receives support from positive signals toward a possible resolution of the Ukraine-Russia war, following the Trump-Zelenskyy summit on Tuesday.
FX option expiries for Aug 19 NY cut
FX option expiries for Aug 19 NY cut at 10:00 Eastern Time via DTCC can be found below.
S&P affirms US 'AA+/A-1+' sovereign ratings; outlook remains Stable
The S&P Global Ratings agency affirmed the US 'AA+/A-1+' sovereign ratings while maintaining a 'Stable' outlook on steady, albeit high, deficits.
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