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USD/JPY Price Analysis: Recovers and hovers around 154.00
The USD/JPY trimmed some of its earlier losses and finished Thursday's session virtually unchanged, trading at 153.93 after hitting a daily low of 151.94.
GBP/USD falls further as BoE looms ahead
GBP/USD floundered on Thursday, chalking in a third straight trading day in the red and declining below 1.2860 as market expectations of a Bank of England (BoE) rate cut next week weigh down the Pound Sterling.
EUR/USD holds steady ahead of key US inflation print
EUR/USD churned in familiar territory on Thursday as markets grappled with a lopsided US data print.
AUD/JPY Price Analysis: Continues to fall, awaits possible correction
In Thursday's session, the AUD/JPY pair extended its decline, with a fall of 0.54% to reach 100.55 and hit a low of 99.22.
USD/CHF maintains a downward trajectory despite strong US GDP data
In Thursday's trading session, the USD/CHF continued to extend its decline, closing down by 0.48% at around 0.8800 despite the robust GDP figures released by the United States.
Australian Dollar extends losses amidst concerns around Australian and Chinese economy
In Thursday's session, the Australian Dollar (AUD) intensified losses against the USD, with AUD/USD falling close to 0.6550 due to multiple headwinds.
Forex Today: Can US PCE confirm a rate cut in September?
The Greenback alternated gains with losses amidst further appreciation of the Japanese yen and a decent pullback in US yields across the curve, while firmer-than-expected US data appear to have trimmed some rate cut bets in September.
Mexican Peso falls on mixed inflation data, strong US economy
The Mexican Peso recovered some ground and trimmed some of its earlier losses, which pushed the emerging market currency to its lowest level in six weeks against the Greenback.
US Dollar losses curbed by encouraging GDP figures
On Thursday, the US Dollar as presented by the DXY, experienced a mild surge after a stronger-than-expected Q2 Gross Domestic Product (GDP) report, balancing out previous losses and finding stability at 104.30.
Canadian Dollar holds steady as markets roil on US GDP figures
The Canadian Dollar (CAD) heaved on Thursday, tossed around by general market flows as investors reacted to an unexpected surge in US Gross Domestic Product (GDP) figures for the second quarter.
EUR/GBP floats higher as BoE rate cut bets weigh down Pound Sterling
EUR/GBP is back into a near-term high around 0.8430 as markets firm up bets of a Bank of England (BoE) rate cut next week.
GBP/USD Price Analysis: Drops below 1.2900 amid strong US data
The Pound Sterling dropped below 1.2900 for the third consecutive day, edged lower 0.17%, and traded at 1.2881 after hitting a daily high of 1.2913.
AUD: The worst performing G10 currency on a 1-day view - Rabobank
The Australian Dollar (AUD) has reverted to type, becoming the worst performing G10 currency on a 1-day view in broad risk off market sentiment, Rabobank's FX analyst Jane Foley notes.
EUR/JPY bounces back from two-month low of 164.80 despite BoJ rate-hike bets surge
The EUR/JPY pair recovers its intraday losses after discovering strong buying interest near fresh two-month low of 164.80 in Thursday's New York session.
EUR: Euro proving a sideshow - ING
Eurozone July PMI data was not particularly encouraging and showed manufacturing - particularly in Germany - dragging down composite PMI numbers.
US economy is expanding faster than expected - Commerzbank
The US economy grew by 2.8% in the second quarter of 2024, which was stronger than expected.
USD/CAD posts fresh eight-month high near 1.3850 after robust US GDP growth
The USD/CAD pair refreshes an eight-month high near 1.3850 in Thursday's New York session.
US: Initial Jobless Claims increased less than expected last week
US citizens that applied for unemployment insurance benefits increased by 235K in the week ending July 20 according to the US Department of Labor (DoL) on Thursday.
USD/JPY Price Analysis: Long-term trend at risk of reversing
USD/JPY has weakened over the last three weeks and reached support at a key price level on the charts, roughly in the 151.80s - which coincides with the October 2022 and 2023 highs.
USD/JPY to hold above 151.54 - BBH
USD/JPY plunged to its lowest level since early May on narrowing US-Japan 2-year bond yield spreads and a sharp pick-up in financial market volatility.
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