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US Dollar Index refreshes three-year low near 97.00 as Trump attacks Fed's independence
The US Dollar (USD) faces a sharp selling pressure on Thursday as United States (US) President Donald Trump lashed out on Federal Reserve (Fed) Chair Jerome Powell again for arguing in favor of holding interest rate cuts in the upcoming policy meetings in his semi-annual testimony before the Senate
NZD/USD nears YTD highs at 0.6090 amid generalised USD weakness
The New Zealand Dollar extends gains for the fourth consecutive day on Thursday, and is nearly 2% high on the week so far, looking highly likely to re-test year-to-date highs at the 0.6080-90 area.A higher appetite for risk after the ceasefire in the Middle East eased geopolitical tensions, boosting
Bailey speech: Interest rates remain on a gradual downward path
Bank of England Governor Andrew Bailey reiterated on Thursday that a gradual and careful approach to the further withdrawal of monetary policy restraint remains appropriate, per Reuters.
USD/JPY plummets below 144.00 amid Trump-Powell policy tensions
The USD/JPY pair is down over 0.8% to near 143.75 during European trading hours on Thursday.
EUR/USD hits 1.17 as European optimism grows - Rabobank
The break above EUR/USD1.17 today is further evidence of both USD weakness and the attractiveness of the European renaissance story, Rabobank's FX analyst Jane Foley reports.
USD/CNH: Chance of dipping below 7.1600 - UOB Group
Soft underlying tone suggests US Dollar (USD) could dip below 7.1600 against Chinese Yuan (CNH); the major support at 7.1450 is likely out of reach for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/CAD extends losses below 1.3700 on broad-based US Dokllkar weakness
The US Dollar has reversed Wednesday's mild recovery and is accelerating its downtrend on Thursday as Trump's attacks on the Fed's independence and reviving fears that unilateral trade tariffs might lead to stagflation are crushing confidence in the US Dollar.US President Trump called Fed Chair Pres
USD/JPY: Rapid buildup in momentum suggests further USD declines - UOB Group
Rapid buildup in momentum suggests further US Dollar (USD) declines that could potentially reach 144.25 against Japanese Yen (JPY). In the longer run, USD appears to have moved into a range trading phase between 143.50 and 146.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The Big Berlin Bill: Lifting growth forecasts for 2025 and 2026 - Deutsche Bank
This week the German government took a large step towards implementing the fiscal regime shift that it initiated with the historic reform of the debt brake, Deutsche Bank's economists report.
USD/MXN downtrend set to resume - Société Générale
USD/MXN remains under pressure after confirming a breakdown from a multi-month consolidation. With a rounding top in place and resistance capped at 19.44, the pair appears poised to resume its downtrend toward key support levels, Société Générale's FX analysts note.
NZD/USD: Major resistance at 0.6090 is probably out of reach - UOB Group
Further New Zealand Dollar (NZD) advance is likely against US Dollar (USD), but the major resistance at 0.6090 is probably out of reach.
EUR/USD follows the trajectory markets saw in 2017-2018 - Société Générale
The US Presidential election race in 2016 brought President Trump to power on 8 November. EUR/USD opened at 1.09 that day and fell to a low of 1.03 amid the chaos of January 2017.
ECB's de Guindos: Role of the Euro can expand if the European Union (EU) progresses with reforms
European Central Bank (ECB) Vice President Luis de Guindos said on Thursday, "role of the Euro can expand if the European Union (EU) progresses with reforms."
USD: Can data convert more hawks? - ING
Pressure on the dollar has persisted as the combined effect of abating geopolitical risk and a dovish tilt by some Fed members keeps favouring short positions.
AUD/USD: Set to test 0.6555 - UOB Group
There is a chance for Australian Dollar (AUD) to test 0.6555 against US Dollar (USD); current momentum suggests a decisive break above this level is unlikely.
AUD/USD reclaims seven-month high around 0.6550 as US Dollar slides further
The AUD/USD pair extends its winning streak for the fourth trading day on Thursday, revisits the seven-month high around 0.6550.
USD/JPY: Bears need to break below 21, 50 DMAs - OCBC
USD/JPY saw a short squeeze yesterday before heading lower, tracking the broad decline in USD. Pair was last at 143.92 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
GBP/USD may potentially rise to 1.3750 - UOB Group
Momentum is increasing, and Pound Sterling (GBP) could strengthen toward 1.3720 against US Dollar (USD). In the longer run, outlook for GBP is positive; it may rise to 1.3720, potentially 1.3750, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data.
DXY: Fresh 2025 Low - OCBC
US Dollar (USD) continued to come under pressure on softer US housing data overnight and in reaction to report that Trump may consider nominating the next Fed Chair earlier around September or October. DXY was last seen at 97.20, OCBC's FX analysts Frances Cheung and Christopher Wong note.
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