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USD/CHF eases as Greenback declines amid Fed rate cut expectations
USD/CHF chalked in a technical rejection of the 0.8000 handle on Thursday, with the US Dollar (USD) taking a beating across the board.
Donald Trump asks higher court to wave off order allowing Cook to remain at Fed
United States (US) President Donald Trump and his administration have formally asked the federal appeals court to pause a federal order that would allow Lisa Cook to remain at her post at the Federal Reserve (Fed) pending an official probe into accusations of mortgage fraud.
Forex Today: Greenlight for a Fed cut, UK GDP in focus
Inflation prints in the producer and the consumer side in the US further cemented the case for the first interest rate cut by the Federal Reserve, since December 2024.
NZD/USD climbs to near one-month high as Greenback weakens after US CPI data
The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) on Thursday, with NZD/USD extending gains for the second straight session after reversing earlier losses as the Greenback softened in the wake of the latest US inflation release.
Gold slips as traders book profits despite increasing Fed dovish bets
Gold price trimmed some of its earlier losses on Thursday, yet it remains negative in the day, down over 0.14% as the latest print of consumer inflation was aligned with estimates.
Canadian Dollar finds a foothold on Thursday, paring losses on a technical bounce
The Canadian Dollar (CAD) found firm bids on Thursday, springing back from a three-week low and chalking in another technical rejection from the 200-day Exponential Moving Average (EMA) against the US Dollar (USD).
Dow Jones Industrial Average soars to new highs after CPI inflation meets expectations
The Dow Jones Industrial Average (DJIA) found a new record high on Thursday, climbing nearly 600 points at its peak and tapping 46,093 for the first time ever.
WTI Crude Oil plunges as OPEC and IEA warn of oversupply risks
West Texas Intermediate (WTI) Crude Oil comes under renewed selling pressure on Wednesday, paring most of the gains registered earlier this week, as investors respond to back-to-back bearish signals from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency
EUR/JPY steadies at 172.65 as ECB hawkish hold offsets BoJ hike risks
The Euro advances against the Japanese Yen during the North American session, up a modest 0.10% after the European Central Bank (ECB) held rates unchanged, as expected.
USD/CAD tumbles from three-week high as sticky US inflation fails to lift the Greenback
The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Thursday, with USD/CAD retreating sharply after testing its highest level since August 22 earlier in the European session.
United States FX Today: USD under pressure ahead of the Michigan Consumer Confidence Index
The US Dollar (USD) retreated on Thursday with the US Dollar Index (DXY) down 0.3% over the session, weighed down by the publication of US inflation data.
USD/JPY drops below 147.50 on renewed USD weakness
After rising above 148.00 earlier in the day, USD/JPY made a sharp U-turn and turned negative on the day below 147.50. At the time of press, the pair was trading at 147.35, losing about 0.1% on a daily basis.
AUD/USD jumps towards 0.6630 on sticky United States inflation
The AUD/USD pair changed course early in the American session on Thursday, recovering from an intraday low of 0.6590 after the release of the United States (US) August Consumer Price Index (CPI).
United Kingdom FX Today: GBP holds firm before critical GDP report
The British Pound (GBP) is trending flat against the US Dollar (USD) on Thursday, trading at 1.3535 despite a spike in volatility following the release of US inflation data.
GBP/USD climbs as mixed US inflation data bolsters Fed rate cut expectations
The British Pound (GBP) gains traction against the US Dollar (USD) on Thursday, with GBP/USD reversing earlier losses as investors digested a mixed US inflation report that failed to shake expectations of a Federal Reserve (Fed) interest rate cut next week.
Lagarde speech: Trade uncertainty has diminished
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the September policy meeting and responds to questions from the press.
Lagarde speech: Disinflationary process is over
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the September policy meeting and responds to questions from the press.
Lagarde speech: Stronger Euro could bring inflation down more than expected
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the September policy meeting and responds to questions from the press.
EUR/USD climbs to 1.1700 as ECB holds steady, US CPI reinforces Fed cut bets
The Euro (EUR) reverses sharply against the US Dollar (USD) on Thursday, snapping a two-day losing streak and climbing back above the 1.1700 mark as traders digest the European Central Bank (ECB) policy announcement and US inflation data.
US weekly Initial Jobless Claims rise to 263K vs. 235K expected
There were 263,000 initial jobless claims in the week ending September 6, according to data published Thursday by the United States (US) Department of Labor (DOL).
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