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GBP/USD Flat Near 1.3500 as Traders Await US CPI Release
GBP/USD is trading in a tight range around 1.3500 during the European session, with volatility muted as markets brace for upcoming US inflation data.
US Dollar Steady Near 99.83 Ahead of July CPI, Fed Rhetoric in Focus
Commerzbank analysts signal cautious dollar positioning, with the DXY holding near 99.83 as markets brace for July US CPI data and Federal Reserve commentary.
Euro Trims Losses Against Pound After Hot German Inflation Data
EUR/GBP rebounded from session lows on Wednesday as stronger-than-expected German inflation figures countered a risk-off mood fueled by Middle East tensions.
Euro Upside Capped by Dollar Resistance, UOB Analysts Say
EUR/USD is trading around 1.1540 after a quiet session, with UOB analysts noting flat momentum and a near-term consolidation range of 1.1530-1.1560. A break above 1.1560 could trigger a quick move higher.
Euro Holds Steady Near 1.1534 Ahead of US CPI Data
The Euro is trading slightly lower against the US Dollar at around 1.1534 as markets await key US inflation figures.
Indian Rupee Weakens Further as Oil Prices Surge, CPI Data Awaited
The Indian rupee extended its decline against the US dollar on Wednesday, weighed by surging oil prices, while markets awaited CPI data from India and the US.
EUR/JPY Stalls Near 184.00 as Cross Slips Below 50-Day EMA
The euro-yen pair held steady around 183.90 for a second day, with the cross dipping beneath the 50-day EMA but staying above the shorter nine-day average.
Euro Braces for Drop Below 1.15 Ahead of US CPI
The euro faces pressure to dip below 1.1500 while the dollar index rides support ahead of today’s US inflation data. USDJPY could target 160-161 if it holds above support.
US Dollar Index climbs toward 100.00 as inflation data looms
The DXY extended its winning streak to a third day, reaching around 99.90 in Asian trading, with markets bracing for upcoming US inflation figures.
Silver Nears $65.40 as Traders Await US CPI Data
Silver advanced 1.1% to around $65.40 during Asian trading on Wednesday, with market attention turning to the upcoming US July CPI release.
Canadian Dollar Eases from Two-Month High as USD/CAD Edges Up Ahead of US CPI
The USD/CAD pair rose slightly on Wednesday, snapping a three-day losing streak, as traders await US CPI data. The Canadian dollar eased from a two-month high near 1.3915.
Kiwi Falls for Third Day as Middle East Worries Bolster Safe-Haven Dollar
NZD/USD dropped for a third consecutive session to near 0.5870 in Asian trade on Wednesday, pressured by rising demand for the US dollar as Middle East peace uncertainty fuelled safe-haven flows.
Australian Dollar Weakens Against US Dollar Ahead of Key Inflation Data
AUD/USD fell to around 0.7060 in Asian trading on Wednesday as the US Dollar strengthened. Traders await a crucial US inflation report that could shape the Federal Reserve’s policy outlook.
Japanese Yen Hits Two-Week Low, USD/JPY Eyes Further Gains Ahead of US CPI
The yen weakened to a two-week low against the dollar on Wednesday, with USD/JPY trading above 159.50 as traders awaited the US CPI report.
Pound Dips Near 1.3500 as Dollar Firms Ahead of Inflation Data
GBP/USD edged lower during Asian trading on Wednesday, pressured by a stronger US dollar and geopolitical concerns, with traders eyeing upcoming inflation figures.
Gold Finds Support Below $4,400 as Traders Eye US CPI Data
Gold prices edged higher on Wednesday, finding buyers below $4,400 after the previous day’s pullback from multi-month highs. Gains were limited by expectations of further Fed tightening ahead of key US inflation data.
PBOC Lowers USD/CNY Fix to 6.7882, Yuan Strengthens Slightly
The People's Bank of China set the daily reference rate at 6.7882, lower than the previous fix of 6.7900, implying a modestly stronger yuan.
Banks divided on RBA's next rate move after August hold
The Reserve Bank of Australia held rates at 4.35% in August, but major banks are split on whether the next move will be a hike or a cut.
EUR/USD Lingers Below Mid-1.15 as Markets Await German HICP, US CPI
EUR/USD trades in a narrow range around 1.1550 as investors look ahead to German HICP and US CPI releases for direction. The pair has been trapped in a familiar band for the past week.
GBP/JPY Struggles at 50-Day SMA as Bulls Fail Near 215.50
GBP/JPY ended Tuesday flat at 215.17, with buyers hesitant to challenge the 50-day simple moving average at 215.43, keeping yearly peaks out of reach.
OCBC analysts see bearish momentum for USD/SGD near 1.28
OCBC analysts note that USD/SGD fell after the US payroll report and is trading near 1.28, with bearish momentum starting to build.
Australian Dollar Holds Steady Near 0.7050 After RBA Decision
AUD/USD traded in a tight 29-pip range above 0.7050 on Tuesday, showing little reaction after the Reserve Bank of Australia’s latest policy decision.
USD/CNH Range Trade Persists, Downside Risks Toward 6.7300 – UOB
United Overseas Bank analysts see USD/CNH trapped in a narrow range near term, with flat momentum. Over the next one to three weeks, they expect the dollar to edge lower toward 6.7300.
Yen erases half of post-intervention surge; USD/JPY pinned near 159.50
The Japanese yen has surrendered roughly half of its advance following a record intervention, with USD/JPY steady around 159.50 as it consolidates between key moving averages.