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US Dollar Index (DXY) rally stalls right below 99.00 ahead of US GDP, Fed's decision
The US Dollar consolidates gains on Wednesday, following a four-day rally, as a series of trade deals between the US and key partners and relatively upbeat data have provided support ahead of a slew of key macroeconomic releases in the second half of the week.The USD Index, which measures the Greenb
USD/JPY has a chance to rise toward 149.20 - UOB Group
The current price movements are likely part of a 147.85/148.75 consolidation phase. In the longer run, price action indicates that USD could rise toward 149.20, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD struggles around 0.6500 as Australian inflation cools down, Fed policy awaited
The AUD/USD pair falls to near 0.6500 during the European trading session on Wednesday. The Aussie pair faces selling pressure as the Australian Dollar (AUD) weakens, following the release of the Australia Consumer Price Index (CPI) data for the second quarter of the year and June.
EUR: Still plenty of uncertainties - MUFG
The European Commission yesterday published an EU-US trade deal outline explaining some of the key elements. The piece interestingly refers to the 'political agreement' reached and not an economic one or even a trade agreement.
Federal Reserve set to leave interest rates unchanged as uncertainty clouds economic outlook
The United States (US) Federal Reserve (Fed) will announce its interest rate decision and publish the policy statement following the July policy meeting on Wednesday.
NZD/USD: Likely to trade in a sideways range of 0.5940/0.597 - UOB Group
New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.5940/0.5975 against US Dollar (USD). In the longer run, upward momentum has faded; tentative increase in downward momentum may lead to NZD declining to 0.5940, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD: Signs of building downward momentum - UOB Group
Australian Dollar (AUD) is likely to trade in a range between 0.6500 and 0.6540 against US Dollar (USD).
AUD: Good enough - Commerzbank
In the minutes of the last meeting of the Reserve Bank of Australia, the monetary policy committee highlighted two economic factors in particular that will influence the interest rate decision at the next meeting in August: the labour market and inflation.
USD/CAD holds gains at 1.3770 ahead of the Fed and BoC decisions
The Greenback steadies near recent highs against the Canadian Dollar following a four-day rally, with investors watching from the sidelines ahead of the monetary policy decisions by the Federal Reserve and the Bank of Canada due later on the day.The pair is trading right above 1.3770 during Wednesda
GBP/USD: Likely to consolidate between 1.3315 and 1.3385 - UOB Group
Pound Sterling (GBP) is likely to consolidate between 1.3315 and 1.3385. In the longer run, price action continues to suggest GBP weakness; the next technical target is 1.3300, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
CAD: Unchanged interest rates, focus on new forecasts - Commerzbank
At its meeting today, the Bank of Canada (BoC) is likely to leave interest rates unchanged, Commerzbank's FX analyst Michael Pfister notes.
USD/CAD eyes 1.3800 break as momentum builds - Société Générale
USD/CAD is approaching key resistance at 1.3800 after consolidating gains from its June low near 1.3535. With momentum turning more constructive, a breakout could open the door to 1.3910 and the 200-DMA near 1.4000, Société Générale's FX analysts note.
Eurozone Preliminary GDP expands 0.1% QoQ in Q2 vs. 0% expected
The Eurozone economy expanded by 0.1% in the three months to June of 2025 after rising by 0.6% in the previous quarter, the preliminary estimate released by Eurostat showed Wednesday.
BoC set to leave interest rate unchanged amid what some consider the end of cutting cycle
As the Bank of Canada (BoC) gets set to issue a new interest rate decision on Wednesday, July 30, there is a growing sense that the cutting cycle might have already ended.
EUR/USD: Unlikely to weaken much further against - UOB Group
Euro (EUR) is unlikely to weaken much further against US Dollar (USD); it is more likely to consolidate in a range of 1.1520/1.1600. In the longer run, the level to watch now is 1.1500, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD: GDP and Powell can add fuel to dollar rally - ING
This week's strong USD performance has been driven by a combination of the US-EU deal, positioning adjustments, and month-end flows. These factors should start to fade now, shifting all the attention to data and the Fed.
China's Commerce Ministry: Hope the US can meet halfway
Chinese Commerce Ministry said in a statement on Wednesday that it "hopes the US can meet China halfway."
Gameday for the US Dollar - Commerzbank
Before the Federal Reserve meeting this evening (European time), which will include a highly anticipated press conference, we will receive a series of exciting data releases. The ADP employment survey is likely to receive less attention.
Trump gives Russia 10 days to reach peace deal - ING
Oil prices surged higher yesterday, with ICE Brent up more than 3.5% and settling at the highest level in over a month. This was after President Trump confirmed that he's giving Russia 10 days to come to a truce with Ukraine.
CAD: Dovish risks today - ING
The Canadian Dollar (CAD) has dropped less than other G10 currencies during this round of US Dollar (USD) appreciation.
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