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SNB's Zanetti: Negative interest rates are an option
Swiss National Bank (SNB) governing board member Atillio Zanetti said on Tuesday, "negative interest rates are an option."
US Dollar Index (DXY) dives below 96.00 following upbeat Eurozone data
The US Dollar remains on the back foot on Tuesday, weighed by renewed concerns about the US fiscal health, growing trade uncertainty and investors' bets on Fed cuts, as President Trump continues attacking the Fed Chair, Jerome Powell.In this context, the US Dollar Index (DXY) extended its decline fo
ECB's Kazaks: Any further rate cut would be small
European Central Bank (ECB) policymaker Martins Kazaks on Tuesday, "any further rate cut would be small."
USD: Focus on US data plus Powell at Sintra - ING
The dollar continues to edge lower in an environment characterised by lower volatility. On the subject of volatility, it's interesting to note that traded volatility levels for equities and debt have fallen further than they have for FX.
USD/JPY: Downside bias - OCBC
USD/JPY drifted lower this morning, breaking past 144-support. Pair was last at 142.86 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
NZD/USD: NZD must hold above 0.6040 to continue rising - UOB Group
While New Zealand Dollar (NZD) could continue to rise against US Dollar (USD), deeply overbought conditions suggest that 0.6120 is likely out of reach for now.
EUR/JPY holds losses below 169.00 despite hot Eurozone HICP inflation data
EUR/JPY retreats after registering a 12-month high of 169.86, marked on Monday, trading around 168.80 during the European hours on Tuesday. The pair remains subdued following the release of the hot Eurozone Harmonized Index of Consumer Prices (HICP) data.
DXY: Under pressure - OCBC
US Dollar (USD) continued to trade under pressure as recent US economic data (Chicago PMI, Dallas Fed manufacturing activity) disappointed overnight, while markets increasingly priced in expectations of Federal Reserve rate cuts.
EUR/GBP keeps the red above mid-0.8500s after Eurozone inflation data, ahead of BoE's Bailey
The EUR/GBP cross retreats from the vicinity of the 0.8600 mark, or its highest level since April 23 touched earlier this Tuesday and sticks to modest intraday gains through the first half of the European session.
AUD/USD: Likely to test 0.6595 before leveling off - UOB Group
The rapid rise appears to be excessive, but there is a chance for Australian Dollar (AUD) to test 0.6595 before leveling off against US Dollar (USD).
AUD/USD eyes range break on upward momentum - Société Générale
AUD/USD continues to show resilience, quickly regaining lost ground after a brief dip below its 50-day moving average and is now eyeing a breakout from its long-held range.
Eurozone Preliminary HICP inflation ticks up to 2% YoY in June vs. 2% expected
The Eurozone Harmonized Index of Consumer Prices (HICP) increased at an annual pace of 2% in June, following a 1.9% growth reported in May, the official data released by Eurostat showed Tuesday.
ECB's Vujčić: Central bank faces possibility of new inflation shocks
In an interview with CNBC on Tuesday, European Central Bank (ECB) policymaker Boris Vujčić said, the central bank "faces possibility of new inflation shocks."
GBP/USD: Major resistance at 1.3800 is probably out of reach - UOB Group
Pound Sterling (GBP) may edge higher and test the 1.3770 level against US Dollar (USD); the major resistance at 1.3800 is probably out of reach.
GBP: Focus on welfare vote and Bailey - ING
EUR/GBP remains reasonably well bid as expectations for the BoE policy rate, like the Fed rate, have been priced lower over the last month, ING's FX analyst Chris Turner notes
USD/CHF hits fresh long-term lows near 0.7900 as market sentiment sours
The Swiss Franc is one of the strongest G8 performers, amid higher demand for safe havens as risk aversion increased during Tuesday's European market session. The USD/CHF, as a result, has extended its decline to fresh 14-year lows at the 0.7900 area.
EUR/USD: Next resistance at 1.1850 is unlikely to come under threat - UOB Group
Increase in momentum could lead to Euro (EUR) testing 1.1820 against US Dollar (USD); the next resistance at 1.1850 is unlikely to come under threat.
EUR/USD: Sintra forum in focus - OCBC
Euro (EUR) extended its run higher towards 1.18-handle briefly this morning as USD loses ground broadly. Pair was last at 1.1795 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR: Big guns out at Sintra today - ING
As above, the euro has been the top-performing G10 currency over the last month, ING's FX analyst Chris Turner notes.
BoJ's Masu: Want to scrutinize how prices move after recent spike in price of rice moderates
Bank of Japan's (BoJ) new board member Kazuyuki Masu said on Tuesday, he would "want to scrutinize how prices move after recent spike in price of rice moderates."
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