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CAD holds gains through upper 1.35s - Scotiabank
The Canadian Dollar (CAD) pushed smartly higher through late morning trade yesterday to retest Friday's high versus the USD near 1.3590.
USD little changed versus core majors ahead of NFP - Scotiabank
Markets are not quite at a standstill but they are not far off. The US Dollar (USD) is mixed against its major currency peers but movement is minimal among the core majors, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD little changed versus core majors ahead of NFP - Scotiabank
The Euro (EUR) is entering Thursday's NA session unchanged against the US Dollar (USD) as it continues to consolidate just below Monday's fresh multi-year high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Gold Price Forecast: XAU/USD trades firmly near weekly high around $3,360 with US NFP in focus
Gold price (XAU/USD) holds onto gains near the weekly high around $3,365 during the European trading session on Thursday. The yellow metal trades firmly ahead of the United States (USD) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.
EUR/USD trade may be stretched between 1.2200 and 1.2800 - BBH
EUR/USD is consolidating above 1.1800. ECB publishes the Account of its June 5 policy meeting (12:30pm London), BBH FX analysts report.
GBP: The damage is done - Commerzbank
British Chancellor of the Exchequer Rachel Reeves, who is committed to budgetary discipline, suddenly found herself alone when Prime Minister Keir Starmer unexpectedly withdrew his support for her in Parliament, Commerzbank's FX analyst Antje Praefcke notes.
USD/JPY: Likely to trade between 143.00 and 144.10 - UOB Group
Further US Dollar (USD) consolidation would not be surprising against Japanese Yen (JPY), most likely between 143.00 and 144.10. In the longer run, further declines are not ruled out, but USD may consolidate for a couple of days first, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD: The next US 'deal' - Commerzbank
Yesterday, the US government presented another 'deal,' the third following agreements with the UK and China, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
EUR/GBP pulls back to 0.8625 with the Pound trimming losses after Wednesday's sell-off
The Euro is trading lower against the British Pound on Thursday, retreating from the 3 ½ month highs at 0.8670 hit on Wednesday as the uncertainty about Chancellor Rachel Reeves revived concerns about the UK's fiscal health.UK Prime Minister, Keir Starmer, was forced to show the Government's support
NZD/USD: Expected to trade in a range between 0.6065 and 0.611 - UOB Group
New Zealand Dollar (NZD) is expected to trade in a range between 0.6065 and 0.6115 against US Dollar (USD). In the longer run, upward momentum has largely faded; NZD is likely to trade in a range between 0.6035 and 0.6130, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Could the ECB prevent a rise in the EUR/USD exchange rate? - Commerzbank
In recent days, several members of the ECB Governing Council have expressed concern about the strength of the Euro (EUR). This marks a new tone from the central bankers.
USD/JPY trades cautiously positive around 144.00 ahead of key US data
The USD/JPY pair edges higher to near 143.90 during European trading hours on Thursday. The pair trades cautiously higher as the US Dollar (USD) ticks up ahead of the United States (US) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.
AUD/USD: Expected to trade in a range of 0.6550/0.6595 - UOB Group
Australian Dollar (AUD) is expected to trade in a range of 0.6550/0.6595 against US Dollar (USD). In the longer run, should AUD break clearly above 0.6595, it could trigger a further rise toward 0.6620, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
DXY: Eyes on payrolls, ISM services - OCBC
US Dollar (USD) traded mixed overnight, with losses seen vs. TWD, THB and precious metals but traded largely firmer against most currencies including GBP, AUD, NZD and MYR. DXY was last at 96.83 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
GBP/USD: Likely to trade between 1.3585 and 1.3705 - UOB Group
Pound Sterling (GBP) is likely to trade in a range, probably between 1.3585 and 1.3705. In the longer run, week-long positive outlook has been negated; for a continued down-move, GBP must first close below 1.3560, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/CHF upside attempts remain limited below 0.7945 ahead of the US NFP report
The US Dollar is trading with marginal gains for the second consecutive day on Thursday, but it seems unable to put any significant distance from the 14-year lows hit earlier this week, with price action limited below 0.7945.Earlier on Thursday, Switzerland's Consumer Price Index data revealed an un
USD: Too early to say we've reached 'peak bearishness' on the USD - ING
While forecasters are overwhelmingly bearish on the dollar now - and some are bearish on a multi-quarter basis too - one possible shoe still to drop is the possibility of early Fed rate cuts, ING's FX analyst Francesco Pesole notes.
AUD/JPY treads water above 94.50 due to signs of BoJ delaying rate hikes
AUD/JPY holds its positions for the second successive session, trading around 94.60 during the European hours on Thursday. The currency cross gains ground as the Japanese Yen (JPY) faces challenges, driven by the Bank of Japan (BoJ) adopting caution on interest rate hikes.
EUR/GBP eyes 0.8735 after breakout - Société Générale
EUR/GBP is extending its uptrend after defending the 200-DMA in May and breaking above recent consolidation, with momentum indicators pointing higher. The pair eyes the April high at 0.8735 and projections near 0.8780, while support rests at 0.8585/0.8575, Société Générale's FX analysts note.
GBP: Political noise takes its toll - ING
There was a surprisingly large sell-off in sterling yesterday after markets bought into the view that the fiscally responsible Chancellor, Rachel Reeves, could be forced to resign.
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