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CNH rallies after the JPY - BBH
CNH rallied overnight on the coattail of JPY strength, BBH FX strategists note.
China: More cuts in the pipeline - Standard Chartered
PBoC cuts MLF rate by 20bps in a surprise move, likely intended to close the gap with the market rate.
The Yen's charging - Societe Generale
The unwinding of short Japanese Yen (JPY) positions continues apace, Societe Generale FX strategist Kit Juckes notes.
Ifo: Cold shower - Commerzbank
The unexpectedly significant decline in the Ifo business climate (87.0 after 88.6) is another cold shower for economic optimists.
CAD: Rate cut as expected, more likely to follow - Commerzbank
As expected, the Bank of Canada (BoC) cut interest rates again yesterday by 25 basis points to 4.50%.
Is EUR/USD 'rangy'? - Commerzbank
Managing EUR/USD is very easy at the moment: you just have to wait a little.
NZD/USD slides further to near 0.5900 as RBNZ rate-cut bets surge
The NZD/USD pair extends its downside to near the round-level support of 0.5900 in Thursday's European session.
Mexican Peso weakens as investors unwind the carry trade
The Mexican Peso (MXN) falls to a roughly four-week low on Thursday in its most traded pairs as investors rotate out of the carry trade, which favors currencies where interest rates are high, such as in Mexico (11.00%), at the expense of currencies with lower interest rates like the Japanese Yen (JPY), where the Bank of Japan (BoJ) has set base rates at 0.10%, according to analysts at ING Bank.
USD: The AI hangover and the exchange rates - Commerzbank
Strong US growth has a positive effect on the US Dollar (USD) via two channels: It allows the Fed to pursue a more restrictive monetary policy for longer, and to pay more attention to inflationary trends than it would if growth were weak.
AUD/USD declines toward 0.6500 on China's economic woes
The AUD/USD pair extends its losing streak for the ninth trading session on Thursday.
EUR/USD recovers as US Dollar edges down ahead of US Q2 GDP
EUR/USD rebounds to near 1.0850 in Thursday's European session despite the near-term outlook of the Euro remains uncertain due to firm expectations of more rate cuts by the European Central Bank (ECB) and deepening concerns over German economic prospects.
China: Key takeaways from the third plenum - UOB Group
China's economic development plan for the next five years is in the resolution of the third plenum, UOB Group economist Ho Woei Chen notes.
USD/JPY: Set to test 152.50 in short-term - UOB Group
Impulsive momentum suggests further USD weakness; support levels are at 152.50 and 152.00, followed by 151.30, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
NZD/USD: Set to test the 0.5900 level - UOB Group
As long as 0.5950 is not breached, the New Zealand Dollar (NZD) could test the 0.5900 level before the risk of a rebound increases, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
AUD/USD: The next level to monitor is 0.6530 - UOB Group
Outlook for the Australian Dollar (AUD) remains negative; the next level to monitor is 0.6530, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
GBP/USD: Trades lower towards 1.2850 - UOB Group
GBP is likely to consolidate between 1.2850 and 1.3020 for the time being, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
USD/CAD moves above 1.3800, maintains position near 14-week highs
USD/CAD continues its winning streak that began on July 17, trading around 1.3820, reaching 14-week highs during the European session on Thursday.
EUR/USD: Has a chance to break below 1.0815 - UOB Group
Chance for the Euro (EUR) to edge lower. Any decline is still unlikely to break clearly below 1.0815.
German IFO Business Climate Index drops to 87.0 in July vs. 88.9 expected
The headline German IFO Business Climate Index came in at 87.0 in July, falling sharply from the June figure of 88.6.
USD/CHF falls to near 0.8800 due to safe-have flows
USD/CHF extends its losses for the second consecutive day, trading around 0.8810 during the Asian early European session on Thursday.
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