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US Dollar Index remains steady above 97.00 ahead of Purchasing Managers Index data

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after registering losses in the previous four successive days and trading around 97.20 during European hours on Thursday.

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German Preliminary Manufacturing PMI improves to 49.2 in July vs. 49.4 expected

The German manufacturing sector contraction eased in July while the services sector returned to expansion, the preliminary business activity report published by the HCOB survey showed on Thursday.

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WTI rises above $65.50 on US trade optimism

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.75 during the early European trading hours on Thursday.

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NZD/USD remains steady near 0.6050 ahead of US PMI data

NZD/USD extends its gains for the third successive session, trading around 0.6050 during the early European hours on Thursday.

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European Central Bank set to keep interest rates unchanged amid US-EU trade uncertainty

The European Central Bank (ECB) is on track to leave its key interest rates unchanged after its July policy meeting, after having reduced rates at each of its last seven meetings. The decision will be announced on Thursday at 12:15 GMT.

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Japan's Akazawa: There is no difference in understanding on trade deal with US

Japan's top trade negotiator, Ryosei Akazawa, said on Thursday that the trade deal between Japan and the United States (US) is in line with the country's interests. Akazawa added that he had no discussion with US officials about how to implement the deal yet

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EUR/GBP gathers strength to above 0.8650, all eyes on ECB rate decision

The EUR/GBP cross trades in positive territory near 0.8670 during the early European session on Thursday, bolstered by optimism surrounding the European Union (EU) and the United States (US) trade deal. The European Central Bank (ECB) interest rate decision will take center stage later on Thursday. 

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Crude Oil price today: WTI price bearish at European opening

West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $65.24 per barrel, down from Wednesday's close at $65.28.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.02 after its previous daily close at $68.06.

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Forex Today: ECB policy announcements, PMI data to lift market volatility

Here is what you need to know on Thursday, July 24:

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China's President Xi: Current challenges facing EU do not come from China

Chinese President Xi Jinping said on Thursday that the current challenges facing the European Union (EU) do not come from China, adding that he hopes that the bloc will keep trade and investment markets open, according to Xinhua.

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USD/CAD Price Forecast: A downside move to near 1.3400 seems warranted

The USD/CAD pair clings to losses near an almost three-week low around 1.3600 during the Asian trading session on Thursday.

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USD/INR corrects as Indian Rupee snaps five-day losing streak

The Indian Rupee (INR) opens on a positive note against the US Dollar (USD) on Thursday after a five-day losing streak.

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EUR/USD extends the rally above 1.1750 ahead of ECB rate decision

The EUR/USD pair extends its upside to around 1.1775 during the early European session on Thursday. The Euro (EUR) edges higher against the US Dollar (USD) amid hope for the European Union (EU) and the United States (US) trade deal.

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FX option expiries for Jul 24 NY cut

FX option expiries for Jul 24 NY cut at 10:00 Eastern Time via DTCC can be found below.

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USD/CHF consolidates above 0.7900 as a weaker USD offsets receding safe-haven demand

The USD/CHF pair enters a bearish consolidation phase during the Asian session on Thursday and oscillates in a range around the 0.7920 area, close to a three-week low touched the previous day.

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GBP/USD rises to near 1.3600 due to risk-on mood, UK PMI data eyed

GBP/USD remains steady after four days of gains, trading around 1.3580 during the Asian hours on Thursday.

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India Gold price today: Gold steadies, according to FXStreet data

Gold prices remained broadly unchanged in India on Thursday, according to data compiled by FXStreet.

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AUD/JPY weakens to near 96.50 on optimism over trade deal

The AUD/JPY cross declines to near 96.60 during the Asian trading hours on Thursday. The Australian Dollar (AUD) remains weak against the Japanese Yen (JPY) despite the hawkish remarks from the Reserve Bank of Australia (RBA) policymakers. 

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Gold price remains depressed below $3,400 amid trade optimism; downside seems limited

Gold price (XAU/USD) remains on the defensive during the Asian session on Thursday and looks to extend the previous day's sharp retracement slide from its highest level since June 16.

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EUR/JPY Price Forecast: Trades around 172.00 after breaking below nine-day EMA

EUR/JPY breaks its five-day winning streak, trading around 171.90 during the Asian hours on Thursday. The bullish bias is strengthening as the technical analysis of the daily chart shows that the currency cross moves upwards within the ascending channel pattern.

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