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USD/JPY gains modestly as US Dollar stabilizes despite soft ADP report
The Japanese Yen (JPY) loses ground against the US Dollar (USD) on Wednesday, as the Greenback recovers slightly after hitting its lowest level since February 2022 the previous day.
GBP/USD plunges as UK political turmoil rattles markets, Reeves' future in doubt
The Pound Sterling plummets sharply, more than 1.20% or 170 pips, on Wednesday against the Greenback, amid growing speculation that the Chancellor of Exchequer, Rachel Reeves, could be replaced by the Prime Minister, Sir Keir Starmer.
EUR/GBP rallies amid uncertainty over the future of UK Minister Reeves
The Euro (EUR) is surging against the British Pound (GBP) on Wednesday as investors responded to mounting concerns about the UK's fiscal trajectory and political stability.
EUR/JPY trades in tight range as psychological resistance firms at 170.00
The Japanese Yen (JPY) is steadying against the Euro (EUR) on Wednesday as markets continue to monitor trade developments with the United States.
GBP/USD slumps over 1% as UK political turmoil triggers market sell-off
The British Pound (GBP) weakens against the US Dollar (USD) on Wednesday, with GBP/USD sliding over 1% on the day from its highest level since October 2021. The pair is trading near 1.3593 during the American session, as political and fiscal jitters weigh on Sterling sentiment.
GBP/JPY drops to two-week low below 196.00 on UK political jitters
Pound Sterling stays under heavy selling pressure on Wednesday as markets assess the latest political developments in the UK. At the time of press, GBP/JPY was trading at its lowest level in two weeks near 195.50, losing 0.8% on a daily basis.
Gold Price Forecast: XAU/USD steadies, US employment data disappoints, Trump's tax bill in focus
Gold (XAU/USD) price is attempting to extend its recovery as traders digest Wednesday's Automatic Data Processing (ADP) employment report.
US Dollar rebounds modestly as Powell stays cautious about rate cuts
The US Dollar (USD) is trading with a slightly positive tone on Wednesday, bouncing back a bit after hitting the lowest level since February 2022 on Tuesday.
JPY is trading weak and underperforming - Scotiabank
The Japanese Yen (JPY) is weak, down 0.4% against the US Dollar (USD) and underperforming all of the G10 currencies as we enter Wednesday's NA session.
AUD/USD drifts away from 0.6590 highs on weak Australian consumption data
The Aussie Dollar was capped on Tuesday at Year-to-date highs near 0.6600 and is trading lower on Wednesday as Australian Retail Sales and construction data from May disappointed.The US Dollar, on the other hand, is trimming some losses as favoured by upbeat US employment and manufacturing data rele
GBP soft as markets digest dovish BoE comments - Scotiabank
The Pound Sterling (GBP) is soft, down 0.3% against the US Dollar (USD) and underperforming most of the G10 currencies into Wednesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
EUR seeing minor pullback from recent multi-year high - Scotiabank
The Euro (EUR) is soft, down a modest 0.2% against the US Dollar (USD) with a minor pullback from Tuesday's fresh multi-year high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
CAD steady versus USD - Scotiabank
The Canadian Dollar (CAD) is steady, losing only marginal ground against the US Dollar (USD) on the session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
USD gains modestly on position adjustment - Scotiabank
The US Dollar (USD) eased yesterday, leaving the Dollar Index (DXY) at a new cycle low briefly, while Canada was enjoying its national holiday.
USD: The more unconventional, the weaker - Commerzbank
Unfortunately, there is currently only one major topic on the foreign exchange market: the US Dollar (USD). And the storm clouds seem to be gathering.
Gold Price Forecast: XAU/USD wobbles around $3,340, awaits US labor market data
Gold price (XAU/USD) trades in a tight range around $3,340 during the European trading session on Wednesday. The yellow metal struggles for direction as investors await the United States (US) Nonfarm Payrolls (NFP) data for June, which is scheduled to be released on Thursday.
Pound Sterling Price News and Forecast: GBP/USD reverses course after posting multi-year high
GBP/USD stays under bearish pressure on Wednesday and trades near 1.3700 after touching its highest level since October 2021 at 1.3788 on Tuesday. Investors await private sector employment data from the US.
DXY: Pace of decline may moderate - OCBC
USD's pace of decline somewhat moderated overnight, in response to better-than-expected US data - ISM manufacturing, prices paid, JOLTS job openings. DXY was last at 96.90 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/JPY: Likely to consolidate in a range of 142.90/144.30 - UOB Group
US Dollar (USD) is likely to consolidate in a range of 142.90/144.30 against Japanese Yen (JPY). In the longer run, further declines are not ruled out, but USD may consolidate for a couple of days first, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD: All focus on data - and soon, tariffs - ING
Fed Chair Jerome Powell stuck to his usual cautious tone in Sintra, reiterating a strict data-dependent approach that is set to keep the dollar extremely sensitive to jobs and inflation figures.
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