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GBP/USD bounces on post-Fed Dollar weakness
GBP/USD caught an intraday bump following the Federal Reserve's (Fed) latest interest rate call, with the Federal Open Market Committee (FOMC) holding interest rates in the 4.25-4.5% range, as many market participants had expected.
Trump trying to steal the limelight
Within the Federal Reserve's monetary policy announcement, US President Donald Trump is sharing his own words.
US Dollar Index see a slight softening after Fed stands pat on rates once again
The US Dollar Index (DXY) jittered on Wednesday following the Federal Reserve's (Fed) latest interest rate hold. The Fed's main reference rate remains steady at 4.25-4.5%, as many market participants expected.
USD/JPY trades near three-week high on strong US data, Fed keeps rates unchanged at 4.50%
The Japanese Yen (JPY) weakens further against the US Dollar (USD) on Wednesday as the Greenback extends its rally for the fifth straight day, buoyed by a string of stronger-than-expected US economic data that reinforced the resilience of the world's largest economy.
EUR/GBP slips as US-EU trade deal lifts Dollar, BoE cut expected
The EUR/GBP extended its losses in the early North American session, down over 0.15% as traders digested trading news between the United States (US) and the European Union (EU).
Canadian Dollar extends losses as BoC holds rates amid inflation concerns and trade risks
The Canadian Dollar (CAD) extends losses for the fifth consecutive session against the US Dollar (USD) on Wednesday, as the Greenback continues its broad-based rally following stronger-than-expected US economic data.
AUD/USD awaits US Federal Reserve's decision at fresh July lows
The Australian Dollar (AUD) trades at fresh July lows against its American rival, hovering around 0.6450. The US Dollar (USD) attracted strong buying interest following the release of upbeat macroeconomic figures, ahead of the Federal Reserve (Fed) monetary policy announcement.
EUR/USD to move higher on a 6-to-12-month view - Rabobank
EUR/USD is struggling to regain its composure after Monday's plunge. EUR/USD has been ripe for some correction, though our 3-month forecast of 1.15 has already been tested today.
President Trump: The Fed must now lower the rate
President Donald Trump renewed his call on Wednesday for the Federal Reserve to cut interest rates, citing stronger‑than‑expected US economic growth in the April-June period (+3.0%).
USD/JPY climbs to 149.00 on upbeat US data
Following the bearish action seen earlier in the day, USD/JPY regains its traction and trades at a fresh two-week high at around 149.00 in the American session on Wednesday.
GBP/USD pierces 1.3300 on US data, Fed takes the spotlight
The GBP/USD pair shed over 60 pips early in the American session on Wednesday and defies the 1.3300 figure, as investors weigh better-than-expected United States (US) data. The Sterling Pound (GBP) held ground throughout the first half of the day, but capitulated to broad US Dollar (USD) demand.
EUR/USD tumbles to multi-week low as robust US data fuels US Dollar rally
The Euro (EUR) is on the back foot for a fifth straight day against the US Dollar on Wednesday, weighed down by a stronger Greenback and ongoing concerns over the recently announced US-EU trade deal, which many investors see as skewed in Washington's favor.
US private sector employment rises 104,000 in July vs. 78,000 expected
Private sector employment in the US rose by 104,000 in July, the Automatic Data Processing (ADP) reported on Wednesday. This reading followed the 23,000 decrease (revised from -33,000) recorded in June and came in better than the market expectation for an increase of 78,000.
EUR trading defensively, despite better data and supportive spreads - Scotiabank
The Euro (EUR) is trading somewhat defensively into Wednesday's NA session, ignoring the release of stronger than expected data with a modest surprise to euro area confidence figures and the Q2 GDP print, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Dow Jones futures edge higher ahead of Fed policy, Q2 GDP and tech earnings
Dow Jones futures tick up during the European trading session on Wednesday. The 30-stocks basket edges higher after a two-day decline, with investors awaiting the outcome of the Federal Reserve's (Fed) monetary policy meeting at 18:00 GMT.
CAD soft into BoC despite expectations for hold - Scotiabank
The Canadian Dollar (CAD) is soft, entering Wednesday's NA session with a marginal decline as market participants look to the 9:45am ET Bank of Canada rate decision, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD: FX quiet into Wednesday's ADP & FOMC - Scotiabank
FX markets are relatively quiet with limited movement across all of the G10 currencies as we head into Wednesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/CHF holds gains above 0.8040 with US GDP and the Fed on tap
The US Dollar's reversal from one-month highs at 0.8075 against the Swiss Franc has been contained above 0.8040, with the pair consolidating gains after a 1.75% rally over the last three days.
USD/JPY faces slight selling pressure ahead of Fed-BoJ policy announcements
The USD/JPY pair edges down to near 148.00 during the European trading session on Wednesday. The pair faces a slight selling pressure ahead of the Federal Reserve's (Fed) monetary policy decision at 18:00 GMT.
USD: Fed set to leave all options open - MUFG
The US Dollar (USD) has advanced further in the FX markets and after the biggest gain on Monday (1.0%) since mid-May, the dollar has advanced by a further modest 0.25%.
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