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EUR/GBP falls below 0.8650 on fears over France's political crisis
The EUR/GBP cross attracts some sellers to near 0.8645 during the early European session on Monday. The fears of political turmoil in France drag the Euro (EUR) lower against the Pound Sterling (GBP). Traders will keep an eye on the UK employment report, which is due later on Tuesday.
NZD/USD Price Forecast: Holds above mid-0.5900s despite disappointing Chinese data
The NZD/USD pair attracts some dip-buyers at the start of a new week and stalls Friday's modest pullback from the 0.5980 region, or a nearly one-month high.
AUD/JPY Price Forecast: Positive view remains in place, overbought RSI warrants caution for bulls
The AUD/JPY cross edges higher to near 98.20 during the early European session on Monday. The Japanese Yen (JPY) softens against the Australian Dollar (AUD) after Japan's Prime Minister Shigeru Ishiba announced his resignation.
EUR/JPY breaks below 173.00 as Fitch Ratings downgrades France's credit rating
EUR/JPY loses ground after two sessions of gains, trading around 173.00 during the Asian hours on Monday.
FX option expiries for Sept 15 NY cut
FX option expiries for Sept 15 NY cut at 10:00 Eastern Time via DTCC can be found below.
USD/CHF trades flat around 0.7960, investors await Fed's monetary policy outcome
The USD/CHF pair trades in a tight range around 0.7960 during the late Asian trading session on Monday. The Swiss Franc pair flattens as the US Dollar (US) is expected to remain on the sidelines ahead of the monetary policy announcement by the Federal Reserve (Fed) on Wednesday.
GBP/JPY flat lines around 200.00, below multi-year top ahead of key central bank decisions
The GBP/JPY cross struggles to capitalize on last Friday's closing above the 200.00 psychological mark for the first time since August 2008 and edges lower at the start of a new week. The downtick, however, lacks bearish conviction ahead of this week's key central bank event risks.
USD/INR trades in caution at the start of Fed's decision week
The Indian Rupee (INR) starts the week on a cautious note around 88.40 against the US Dollar (USD), still it is close to its all-time high around 88.60 posted last week.
EUR/USD weakens below 1.1750 amid fears of political crisis in France
The EUR/USD pair loses ground to around 1.1730 during the early European session on Monday. The Euro (EUR) weakens against the US Dollar (USD) as ratings agency Fitch downgraded France's credit rating amid political turmoil.
Gold bulls not ready to give up yet amid Fed rate cut bets and geopolitical risks
Gold (XAU/USD) kicks off the new week on a softer note, though it manages to reverse an Asian session dip to the $3,627-3,626 area and currently trades near the top end of a one-week-old trading range.
US Dollar Index steadies near 97.50, faces pressure on Fed rate cut bets
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady and trading around 97.60 during the Asian hours on Monday.
USD/CAD remains below 1.3850 due to rising odds of multiple Fed rate cuts
USD/CAD inches lower after registering small gains in the previous session, trading around 1.3840 during the Asian hours on Monday.
AUD/JPY maintains position above 98.00 after disappointing Chinese data
AUD/JPY continues its winning streak for the fourth successive session, trading around 98.20 during the Asian hours on Monday.
Japanese Yen remains trapped in range against USD ahead of FOMC and BoJ policy meetings
The Japanese Yen (JPY) kicks off the new week on a subdued note and remains confined in a familiar range held over the past month or so against its American counterpart amid mixed fundamental cues.
China's NBS: Economic operation generally steady in August, facing many uncertainties
Following the publication of the high-impact China's Gross Domestic Product (GDP) and activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday.
Australian Dollar holds gains following weaker-than-expected China's economic data
The Australian Dollar (AUD) inches higher against the US Dollar (USD) on Monday, recovering its losses registered in the previous session. The AUD/USD pair holds ground following disappointing economic data from Australia's close trading partner, China.
New round of US-China talks head into second day focused on trade, TikTok
The United States (US) and Chinese representatives discussed TikTok, trade and the economy during a day of high-level talks in Madrid, Bloomberg reported on Sunday.
GBP/USD holds positive ground above 1.3550 as potential Fed rate cut looms
The GBP/USD pair posts modest gains near 1.3555 during the early Asian session on Monday. Traders expect the US Federal Reserve (Fed) to deliver its first rate cut of the year at its policy meeting on Wednesday, which might weigh on the US Dollar (USD).
WTI edges higher to $62.65-$62.70 amid geopolitical tensions, oversupply fears cap gains
West Texas Intermediate (WTI) US Crude Oil prices edge higher during the Asian session on Monday, though the uptick lacks bullish conviction.
PBOC sets USD/CNY reference rate at 7.1056 vs. 7.1019 previous
On Monday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1056 compared to Friday's fix of 7.1019 and 7.1213 Reuters estimate.
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