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CAD up marginally vs. USD - Scotiabank
The Canadian Dollar (CAD) is up marginally against the US Dollar (USD) but underperforming most of the G10 currencies in generally quiet trade, its modest strength hinting to a renewed recovery echoing similar attempts observed in early and mid/late August, Scotiabank's Chief FX Strategists Shaun Os
GBP/USD: Above 1.3595, a move toward 1.3635 can be expected - UOB Group
Pound Sterling (GBP) is likely to trade sideways. Slight increase in upward momentum is not sufficient to indicate a sustained rise, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR extending post-ECB gains - Scotiabank
The Euro (EUR) is a mid-performer among the G10, building on last week's gains (against US Dollar (USD)) catalyzed by the decidedly neutral ECB meeting, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
NZD/USD ticks up to near 0.5960 as Fed dovish bets weigh on US Dollar
The NZD/USD pair edges higher to near 0.5960 during the late European trading session on Monday. The Kiwi pair gains marginally as the US Dollar (USD) faces selling pressure amid firm expectations that the Federal Reserve (Fed) will cut interest rates in the monetary policy meeting on Wednesday.
EUR/GBP hits fresh lows near 0.8630 after France's debt downgrade
The Euro gave away gains from the previous two trading days on Monday, extending its reversal from Friday's high above 0.8660 to a fresh two-week low at 0.8632, weighed by Fitch's downgrade of France's sovereign ratings.The ratings agency announced over the weekend its decision to cut the ranking of
USD trading defensively as markets eye Wednesday's Fed - Scotiabank
The US Dollar (USD) is entering the week with a defensive posture and trading with broad weakness against all of the G10 currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
ECB's Schnabel: Interest rates are in good place
European Central Bank (ECB) board member Isabel Schnabel said on Tuesday that interest rates in the Eurozone are in a good place and added that upside risks to inflation continue to dominate.
USD: Is fiscal dominance coming? - Commerzbank
After a nine-month pause, the US Federal Reserve is expected to resume its cycle of interest rate cuts this week. The big question is how far will it go?
USD/JPY declines to near 147.30 as US Dollar falls, Fed-BoJ policy eyed
The USD/JPY pair falls sharply to near 147.30 during the European trading session on Monday. The pair faces selling pressure as the US Dollar (USD) underperforms its peers amid firm expectations that the Federal Reserve (Fed) will start the monetary-easing campaign on Wednesday.
USD: Gearing up for Wednesday's FOMC meeting - ING
A public holiday in Japan has seen a quiet start to the week in global FX markets. In terms of overnight news, there were note some soft China activity data that calls out for some more stimulus.
USD/CHF Price Forecast: Drifts towards 0.79509 amid growing bearish traction
The US Dollar keeps trading within the last few days' range against the Swiss Franc, but intra-day technical indicators start showing an incipient bearish momentum as the pair approaches 0.7950 following rejection at 0.7972.The USDollar Index, which measures the value of the US Dollar against the mo
GBP: A much busier week for sterling - ING
Pound Sterling (GBP) faces a much busier week. The highlight is Thursday's MPC meeting. But before then, we have the jobs/earnings figures tomorrow and then the August CPI release on Wednesday, ING's FX analyst Chris Turner notes.
EUR/USD: Likely to trade in a range of 1.1650/1.1790 - UOB Group
Momentum indicators are mostly flat; Euro (EUR) is likely to trade in a range of 1.1705/1.1755. In the longer run, EUR could rise but any advance is likely part of a higher range of 1.1650/1.1790, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
TRY: Frequent resets - Commerzbank
Turkey's balance of payments data for July was rather encouraging. The current-account balance was only slightly in deficit (seasonally-adjusted) and reversed some of the strains observed in the preceding months, Commerzbank's FX analyst Tatha Ghose notes.
EUR: French downgrade had been expected - ING
French sovereign bonds have been trading at spreads to swap rates consistent with multiple downgrades. It is no surprise then that French debt and the euro have not reacted too much to Friday evening's decision by Fitch to downgrade France one notch to A+, ING's FX analyst Chris Turner notes.
Robust oil demand from China - ING
The oil market rose for a second straight session in the early trading session today, following claims by Ukraine that recent drone attacks affected Russia's two key oil hubs in the Baltic Sea.
China's steel output falls - ING
The National Bureau of Statistics (NBS) numbers released this morning show that China's primary aluminium production fell marginally by 0.5% YoY to 3.8mt in August, ING's commodity experts Ewa Manthey and Warren Patterson note.
RUB: CBR cut rate by less but will probably continue to cut - Commerzbank
The Russian central bank (CBR) delivered a smaller interest rate cut on Friday than the median consensus estimate of 200bp (it cut by 100bp from 18% to 17%).
Robust oil demand from China - ING
The oil market rose for a second straight session in the early trading session today, following claims by Ukraine that recent drone attacks affected Russia's two key oil hubs in the Baltic Sea.
China: Weaker August may prompt more policy support - Standard Chartered
Growth momentum further slowed in August despite resilient trade performance. FAI disappointed the most, while IP remained relatively stable and retail sales appeared to stabilise.
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