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NZD/USD Recovers From Two-Week Low as Fed Hike Bets Fade
NZD/USD bounces from the 0.5820 area during Asian trading Friday, climbing back above 0.5850 as fading Federal Reserve rate-hike expectations weigh on the dollar.
PBOC Sets Lower USD/CNY Reference Rate at 6.7878
The People's Bank of China set the USD/CNY reference rate at 6.7878, slightly lower than the previous day's fix of 6.7888.
Euro Gains Above 1.15 as Soft US Inflation Weighs on Dollar
EUR/USD trades near 1.1535 in early Asian trading as a soft US inflation report weighs on the dollar. US July retail sales data is the next key focus.
Gold holds above $4,350 as softer US PPI trims Fed hike bets
Gold is trading near $4,360 in early Asian hours after softer US producer price data reduced expectations for a September Fed hike.
GBP/JPY steadies above 215.00, capped by 50-day SMA
GBP/JPY was little changed on Thursday, holding near 215.00 as traders stayed cautious amid yen intervention fears and solid UK data.
Aussie Dollar Holds Near 0.7060 as Focus Turns to RBA's Bullock
AUD/USD is steady around 0.7061 after US inflation data pressured the dollar, with attention shifting to RBA's Bullock.
Pound holds below 1.3500 despite UK growth beat and soft US inflation
Sterling traded narrowly just under 1.3500 on Thursday even after stronger UK growth data and softer US inflation.
Euro Holds Above 1.1500 as US Inflation Curbs Fed Rate Hike Bets
EURUSD remains supported above 1.1500 after US inflation data reduced expectations for a Fed rate hike, with traders now looking for a hold at the September 16 meeting.
NZD/USD Steadies Off Two-Week Lows as Dollar Slips
NZD/USD is recovering from two-week lows hit in Asian trading, helped by a softer US dollar during the American session.
US dollar holds below 100 before US retail sales
The dollar index slipped back under 100 after softer PPI and higher jobless claims data, with traders awaiting the US retail sales release.
USD/MXN downtrend stretches to 14th day as bears target 17.00
USD/MXN is down for a 14th straight session, trading near 17.01 as sellers keep the 17.00 level in focus.
USD/IDR Rebound Puts Key Levels in Focus, OCBC Says
OCBC strategists say USD/IDR has rebounded after a near 2% month-to-date pullback, with key levels and external factors such as oil prices and US rates in focus.
USD/SGD Range Holds as UOB Watches Upside Risk
USD/SGD held near 1.2805 on Tuesday, with UOB analysts watching upside risks while the pair remains rangebound.
USD/CHF Holds Near Bearish Flag Resistance, 0.8145 in Focus
USD/CHF is steady around 0.8034 after producer inflation data, with the bearish flag pattern keeping 0.8145 as a key level to watch.
USD/JPY Little Changed, Holds Sideways in Mid-159.00s
USD/JPY was little changed on Thursday, trading sideways in the mid-159.00s and remaining within its recent consolidation range.
Australian Dollar Forecast: Further Consolidation on the Cards
AUD/USD is expected to remain range-bound, with a neutral-to-bullish bias while spot holds above the 200-day SMA near 0.6930.
Australian Dollar Treads Water Below Multi-Week High
AUD/USD was little changed on Thursday, holding in the 0.7050 area below the multi-week high near 0.7091 reached on Wednesday.
Yen struggles despite soft US PPI and fading Fed hike bets
The Japanese yen failed to build traction against the US dollar on Thursday even after softer US PPI data weakened the greenback and markets pared Fed rate-hike expectations.
Pound Climbs as Soft US Producer Inflation Weakens Fed Hawkish Bets
GBP/USD rose to 1.3503 after US producer inflation data came in below or aligned with forecasts, reinforcing the disinflation trend.
Carry Trade Supportive Backdrop Holds as Dollar Stays Range-Bound
OCBC strategists say in-line US inflation and slightly lower odds of a September Fed hike leave the dollar range-bound and keep the carry-trade backdrop supportive.
UK June GDP rises 0.3% m/m on services strength
UK GDP rose 0.3% month-on-month in June, beating expectations, driven by a 0.4% expansion in services, TD Securities reported. May was revised to flat.
Canadian Dollar steadies as falling Oil offsets US Dollar weakness
USD/CAD traded around 1.3940 on Thursday, little changed, as falling oil prices offset US dollar weakness.
EUR/GBP Steadies Near 0.8540 After Three-Day Slide
EUR/GBP traded sideways around 0.8540 on Thursday, with the euro stabilizing after three consecutive daily losses despite steady UK growth data.
Euro Edges Higher Against Dollar After Soft US PPI Data
EUR/USD held modest gains on Thursday after softer-than-expected US Producer Price Index data, trading near 1.1537 after recovering from an intraday low of 1.1511.