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Canadian Dollar backslides on newfound US Dollar strength

The Canadian Dollar (CAD) took a step lower on Thursday, driven down by a broad-market upswing in the US Dollar (USD). United States (US) Producer Price Index (PPI) inflation for July was the key driving headline, trimming bets of when the Federal Reserve's (Fed) next rate-cutting cycle would begin.

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Forex Today: US Retails Sales and sentiment gauges take centre stage

The US Dollar (USD) showed some signs of life on Thursday, this time coming from firmer-than-expected prints from US producer prices and the weekly report on the labour market.

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Fed's Barkin warns that companies are still adapting supply chains for tariffs

Federal Reserve (Fed) Bank of Richmond President Thomas Barkin noted on Thursday that despite an overall improvement in business sentiment through the midpoint of the year, many firms are still not ready to resume a strong pace of hiring.

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USD/JPY rebounds from three-week low as strong US PPI, labor data lift US Dollar

The Japanese Yen (JPY) loses ground against the US Dollar (USD) on Thursday, snapping a two-day winning streak after stronger-than-expected US Producer Price Index (PPI) and steady Weekly Jobless Claims data lifted the Greenback.

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Gold dives as US PPI surges, cutting into Fed dovish bets

Gold Price takes a hit and dives over 0.60% on Thursday following a red-hot factory gate inflation report in the United States (US), which prompted investors to price out the chances for a 50-basis-point rate cut at the Federal Reserve's (Fed) upcoming meeting.

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Dow Jones Industrial Average stumbles after PPI inflation soars

The Dow Jones Industrial Average (DJIA) declined on Thursday, ending a two-day bullish run and shedding around 200 points.

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WTI rises as geopolitical tensions ahead of US-Russia summit offset bearish fundamentals

West Texas Intermediate (WTI) Crude Oil edges higher on Thursday, supported by heightened geopolitical tensions ahead of the Friday US-Russia summit in Alaska.

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Silver Price Forecast: Silver slips as US Dollar firms on strong PPI data

Silver (XAG/USD) edges lower on Thursday, snapping a two-day losing streak as stronger-than-expected US Producer Price Index (PPI) and upbeat Jobless Claims data bolster the US Dollar.

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GBP/USD slips as hot US PPI data erodes aggressive Fed cut bets

The GBP/USD retreats during the North American session, down 0.21% after a hot inflation report in the United States (US) prompted traders to pare rate cut bets by the Federal Reserve at the September meeting. At the time of writing, the pair trades at 1.3545 after hitting a daily peak of 1.3594.

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Fed's Musalem: Tariffs are feeding through to inflation

St. Louis Federal Reserve President Alberto Musalem told CNBC on Monday that tariffs are feeding through to inflation, which is running close to 3%.

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EUR/USD retreats as US Dollar rebounds on hotter-than-expected PPI inflation

The Euro (EUR) weakens against the US Dollar (USD) on Thursday, snapping a two-day winning streak as a hotter-than-expected US Producer Price Index (PPI) print fuels a rebound in the Greenback.

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EUR/GBP stabilises above 0.8600 after UK GDP beats forecasts, Eurozone data falters

The EUR/GBP cross hovers near 0.8605 on Thursday, stabilising after touching an intraday trough of 0.8596 -- its weakest level since June 2 -- as in-line Eurozone Gross Domestic Product (GDP) data lends the Euro (EUR) modest support above the 0.8600 psychological floor, trimming losses from an earlier

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US: Initial Jobless Claims dropped to 224K last week

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance fell to 224K for the week ending August 9.

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US annual PPI jumps to 3.3% in July vs. 2.5% expected

The Producer Price Index (PPI) for final demand in the US rose 3.3% on a yearly basis in July, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed the 2.4% increase recorded in June and surpassed the market expectation of 2.5% by a wide margin.

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GBP remains firm on positive data surprises - Scotiabank

Pound Sterling (GBP) remains well-supported in the upper 1.35s following this morning's slew of UK data releases, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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USD/CNH: A clear break below 7.1700 is unlikely - UOB Group

There is a chance for US Dollar (USD) to test 7.1700; a clear break below this level is unlikely. In the longer run, downward momentum is building; for a continued decline, USD must first close below 7.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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EUR drifts back under 1.17 but well supported on dip - Scotiabank

The Euro (EUR) is marginally softer on the session--but trading nicely off the low as our session gets going, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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USD/JPY: Any further decline is unlikely to reach 145.80 - UOB Group

US Dollar (USD) could drop below last week's low of 146.60; any further decline is unlikely to reach 145.80. In the longer, USD view is negative, but it is uncertain for now whether it has enough momentum to reach 145.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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Gold trades range-bound as traders eye US PPI, Jobless Claims

Gold (XAU/USD) remains caught in a tug-of-war between bulls and bears on Thursday, holding within the familiar range established earlier in the week as a modest uptick in the US Dollar (USD) tempers upside momentum.

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CAD is little changed on the day - Scotiabank

The Canadian Dollar (CAD) is trading down slightly on the session versus the USD but holds a familiar range, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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