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US Dollar holds firm as Trump walks back threat to remove Fed Chair Powell
The US Dollar (USD) gains positive traction on Thursday, recovering from a brief wobble late Wednesday after reports emerged that US President Donald Trump was considering firing Federal Reserve (Fed) Chair Jerome Powell.
JPY is underperforming into this weekend's upper house elections - Scotiabank
The Japanese Yen (JPY) is weak, down 0.6% against the US Dollar (USD) and underperforming most of the G10 currencies amid broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
GBP a relative outperformer on labor data surprise - Scotiabank
The Pound Sterling (GBP) is down only 0.2% against the US Dollar (USD) and outperforming all of its G10 peers into Thursday's NA open. In the longer run, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Gold Price Forecast: XAU/USD approaches weekly lows at $3,320
Gold (XAU/USD) is trading lower on Thursday, weighed by a stronger US Dollar, with risk appetite subdued amid ongoing uncertainty about global trade and rumours about the resignation of the Fed Chair Jerome Powell.The precious metal retreats from Monday's highs at $3,375, but price action remains co
USD/JPY trades firmly around 148.70 ahead of Japan's elections
The USD/JPY pair gains over 0.5% to near 148.70 on Thursday. The pair trades firmly as the US Dollar (USD) demonstrates strength, following United States (US) President Donald Trump refuted to reports stating the dismissal of Federal Reserve (Fed) Chair Jerome Powell soon.
EUR weak despite as-expected CPI - Scotiabank
The Euro (EUR) is weak, down 0.5% against the US Dollar (USD) and a mid-performer among the G10 in an environment of broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
CAD slides back to mid-1.37s amid broader dollar rebound - Scotiabank
The Canadian Dollar (CAD) is weaker, down nearly 0.5% on the session and retesting yesterday's intraday low versus the USD in generally featureless trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
USD rebounds but Fed leadership remains in focus - Scotiabank
The US Dollar (USD) and Treasurys have settled down after yesterday's abrupt swings, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
NZD: Signs of a resurgence in inflation - Commerzbank
Prices are rising faster again in New Zealand, Commerzbank's FX analyst Volkmar Baur notes.
USD/CNH: Likely to trade in a range between 7.1700 and 7.1920 - UOB Group
US Dollar (USD) is likely to trade in a range between 7.1700 and 7.1920 against Chinese Yuan (CNH). In the longer run, USD is expected to trade in a range between 7.1550 and 7.1920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD: Cooling off or taking a breather? - Commerzbank
The Australian labour market appears to be cooling somewhat, which could give the Reserve Bank of Australia room to cut key interest rates again in August, Commerzbank's FX analyst Volkmar Baur notes.
USD/JPY: Likely to trade between 147.50 and 148.80 - UOB Group
Sharp fluctuations have resulted in a mixed outlook; US Dollar (USD) could continue to fluctuate against Japanese Yen (JPY), likely between 147.50 and 148.80.
AUD/USD dives to three-week lows near 0.6560 after weak Australian employment data
The Australian Dollar is one of the weakest performers of the G8 currencies on Thursday, hammered by a disappointing Australian Employment report and the overall risk-averse market, which is boosting demand for safe-haven assets, such as the US Dollar.
USD: Trump's rollercoaster ride - Commerzbank
Things got really exciting again yesterday afternoon. First, a major US media outlet reported that Donald Trump had told Republican lawmakers that he was going to fire Federal Reserve Chairman Jerome Powell.
Dow Jones futures trades broadly stable ahead of Netflix earnings, US-EU trade talks
Dow Jones futures trade quietly during the European trading session on Thursday. Financial market participants have sidelined, with investors await fresh cues on trade talks between the United States (US) and the European Union (EU).
NZD/USD: Likely to stay within the range of 0.5914/0.5969 - UOB Group
New Zealand Dollar (NZD) could remain volatile against US Dollar (USD), but it is likely to stay within yesterday's range of 0.5914/0.5969.
EUR/GBP breakout signals Fresh upside - Société Générale
EUR/GBP has broken out of its recent consolidation range, confirming renewed bullish momentum. With technical indicators supportive, the pair now targets higher levels, provided key support at 0.8585 holds, Société Générale's FX analysts note.
GBP/JPY nears YTD highs at 199.80 as tariffs, political uncertainty hurt the Yen
The Pound has shrugged off the impact of the grim UK employment figures seen earlier today to rally against a weaker Japanese Yen, weighed by the increasing political uncertainty and lack of progress in the trade talks with the US.
USD/JPY: Election risks dominate sentiments - OCBC
Recent poll by Nikkei, Kyodo, Asahi shows LDP-Komeito coalition is at risk of losing Upper House election. USD/JPY last seen at 148.67, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD: Focus returns to macro after Powell scare - ING
What are the market implications of a potential early departure of Fed Chair Powell? It's an unlikely scenario, but for an hour Wednesday afternoon it appeared very real.
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