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EUR/USD expected to trade in a range between 1.1580 and 1.1745 - UOB Group
There has been no increase in either downward or upward momentum; Euro (EUR) is likely to trade in a range of 1.1610/1.1675. In the longer run, EUR is expected to trade in a range between 1.1580 and 1.1745, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZD/USD nears multi-month lows at 0.5800 on broad-based US Dollar strength
The New Zealand Dollar is struggling on Wednesday against a stronger US Dollar. The pair depreciates about 0.60% so far, reaching weekly lows right above 0.5820 and approaching four-month lows, at 0.5800
AUD/USD slides to near 0.6470 as US Dollar gains, PCE Inflation in focus
The AUD/USD pair falls to near 0.6470 during the European trading session on Wednesday.
USD/CNH: Guided by fix - OCBC
There has been a consistent and deliberate trend of setting the daily CNY fixing rate slightly stronger, but at a measured pace. USD/CNH was last seen at 7.1636 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/JPY: Election review report delayed to early-September - OCBC
At Jackson Hole last weekend, Governor Ueda spoke about wage growth spreading from large enterprises to SMEs and barring a major negative demand shock, he expects labour market in Japan to remain tight and to continue to exert upward pressure on wages.
USD/CHF tests intra-week highs at 0.8070 on generalised Dollar strength
The US Dollar is outperforming its rivals on Wednesday, unfazed by US President Trump's attempts to influence the Federal Reserve's decisions.
Japan's Akazawa: Will call for US to issue an executive order to lower reciprocal auto tariffs
Japanese Economy Minister and top trade negotiator Ryosei Akazawa made some comments on Wednesday ahead of his visit to the United States (US) for trade negotiations.
USD: Cook dismissal impact limited - ING
President Trump's firing of Fed Governor Lisa Cook and the broad view that this marks further politicisation of the Fed are negative for the dollar. Yet, the FX reaction has been muted and may only play out in the longer run, likely for two reasons.
EUR/USD: Watching French political risk - OCBC
Euro (EUR) continued to trade restraint.
Steel inventories in China continue to rise - ING
Steel inventories at major Chinese Steel mills rose for a second consecutive week to 15.7mt in mid-August, up 4% compared to early August, according to the China Iron and Steel Association (CISA), ING's commodity analysts Warren Patterson and Ewa Manthey note.
EU to propose removing tariffs on US goods to meet Trump's demands - Bloomberg
Citing people familiar with the matter, Bloomberg reported on Wednesday that the European Union (EU) is looking to quicken its move to pass the legislation to remove all tariffs on US industrial goods.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
GBP: Still good short-term outlook - ING
Another indication that French politics is having a limited FX impact is EUR/GBP, which has faced only limited downside pressure since the start of the week, ING's FX analyst Francesco Pesole notes.
TRY: Lira crosses 41 to the dollar even as FX deposit scheme axed - Commerzbank
USD/TRY breached the 41.0 level this week amid media and policymaker commentary about positive developments on the economic front. The lira exchange rate versus a 50-50 basket of USD and EUR is depreciating at faster than 40% annualised.
Dow Jones futures steady as Nvidia earnings, AI stocks drive focus
Dow Jones futures remain steady near 45,500 during European hours on Wednesday, ahead of the opening of the United States (US) regular markets. Moreover, the S&P 500 futures and the Nasdaq 100 futures hold ground near 6,480 and 23,590, respectively.
DXY: 2-way trades likely in the interim - OCBC
US Dollar (USD) continued to trade on the backfoot, from news of Trump removing Fed Governor Lisa Cook from her position. DXY last at 98.65 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/CAD picks up to 1.3850, remains wavering within previous ranges
The US Dollar is posting moderate gains against the Loonie on Wednesday.
Secondary tariffs against India come into force - ING
Oil prices were unable to extend their 4-day run of gains, with ICE Brent coming under pressure yesterday to settle 2.3% lower. There was no single catalyst for yesterday's move.
EUR: Euro proving resilient to France - ING
The Euro (EUR) is not actively trading on the French political turmoil, but it's likely facing some degree of restraint from it. French equities had another bad day, but what matters is OAT's performance.
Gold Price Forecast: XAU/USD slips to near $3,380 on resilient US Dollar
Gold price (XAU/USD) depreciates after registering more than three-quarters of losses in the previous session, trading around $3,380 per troy ounce during the European hours on Wednesday.
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