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USD/CAD is pushing against multi.month highs at 1.3880  

The US Dollar extends gains against its Canadian Counterpart on Wednesday, with price action pushing against the 1.3880 level, where the pair was capped on August 1.

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GBP/USD: Bullish momentum on daily chart is fading - OCBC

Pound Sterling (GBP) extended its decline amid broad USD bound. Pair was last at 1.3499 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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EUR: Lagarde speaks in Geneva - ING

EUR/USD is drifting lower in quiet markets. It might be easy to link this to a lack of progress on Ukraine peace talks, but this seems more like a generalised dollar move. Perhaps there is some modest risk reduction going on as investors pare back some EM exposures.

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EUR/USD: Holding pattern - OCBC

Euro (EUR) was a touch softer overnight, as US Dollar (USD) saw mild rebound. Pair was last at 1.1643 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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China SMEI: Performance weakened in August - Standard Chartered

Headline SMEI retreated to 50 in August; the performance sub-index fell into contractionary territory. The softening was broad-based, albeit modest, across both manufacturing and services SMEs.

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NZD/USD pressures key 200-DMA support - Société Générale

NZD/USD is testing the lower edge of its consolidation range and the 200-day moving average near 0.5800. A failure to reclaim resistance at 0.5940 would leave the pair vulnerable to a deeper decline, with downside projections at 0.5730 and 0.5620, Société Générale's FX analysts note.

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New Zealand: RBNZ cuts OCR by 25 bps in Aug and turns more dovish - UOB Group

Earlier today (20 Aug), the Reserve Bank of New Zealand (RBNZ) decided to decrease the Official Cash Rate (OCR) by 25 bps from 3.25% to 3.00%, the lowest level in three years, UOB Group's economist Lee Sue Ann reports.

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GBP/JPY recovers early losses as UK Inflation rose more than expected in July

The GBP/JPY pair claws back its early losses and flattens around 199.20 during the European trading session on Wednesday.

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WTI rises to near $62.50 on US Oil stock drop, Ukraine-Russia talks in focus

West Texas Intermediate (WTI) Oil price recovers its recent losses from the previous session, trading around $62.30 per barrel during the early European hours on Wednesday.

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Silver Price Forecast: XAG/USD hits two-week lows at $37.15 amid a firmer US Dollar

Silver (XAG/USD) is trading lower for the fifth consecutive day on Wednesday.

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Lagarde speech: The Euro area economy proved resilient earlier this year

European Central Bank (ECB) President Christine Lagarde is speaking at the International Business Council of the World Economic Forum, in Geneva, on Wednesday.

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NZD/USD adds to dovish RBNZ-inspired losses; slumps to four-month low around 0.5820 area

The NZD/USD pair adds to the dovish Reserve Bank of New Zealand (RBNZ)-inspired losses and dives to its lowest level since mid-April during the first half of the European session on Wednesday.

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Pound Sterling gains on hotter than expected UK inflation data

The Pound Sterling (GBP) attracts significant bids against its major peers on Wednesday as the United Kingdom (UK) Consumer Price Index (CPI) data for July has come in hotter than projected.

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AUD/JPY faces selling pressure below 95.00 amid cautious mood

The AUD/JPY cross attracts some sellers to near 94.95 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid the cautious mood in the markets.

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Forex Today: Pound Sterling finds support on hot inflation, eyes on FOMC Minutes

Here is what you need to know on Wednesday, August 20:

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Crude oil price today: WTI price bullish at European opening

West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $62.14 per barrel, up from Tuesday's close at $61.95.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.60 price posted on Tuesday, and trading at $65.80.

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EUR/GBP attracts some sellers below 0.8650 after hotter UK CPI inflation data

The EUR/GBP cross loses traction to near 0.8620 during the early European session on Wednesday. The Pound Sterling (GBP) edges higher against the Euro (EUR) after the UK Consumer Price Index (CPI) inflation report.

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FX option expiries for Aug 20 NY cut

FX option expiries for Aug 20 NY cut at 10:00 Eastern Time via DTCC can be found below.

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USD/CHF turns sideways below 0.8100 as focus shifts to Jackson Hole Symposium

The USD/CHF pair trades in a tight range marginally below 0.8100 during the late Asian trading session on Wednesday.

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USD/CAD rises to fresh three-month highs near 1.3900

USD/CAD continues to gain ground for the second successive day, trading around 1.3870 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains ground ahead of the US Federal Reserve's (Fed) Minutes for the July meeting.

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