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PBoC’s Deputy Governor: To continue to implement appropriately loose monetary policy
People’s Bank of China (PBoC) Deputy Governor said during the European trading session on Wednesday that the central bank remains committed to loose monetary policy conditions to support overall demand.
Australian Dollar: Upside momentum building toward 0.7015 against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann note AUD/USD surged to 0.6992 after an earlier dip, with strong short-term momentum pointing to further gains. They see scope for a test of 0.6995, while the major resistance at 0.7015 is key.
GBP/JPY remains close to multi-year peak as UK-Japan rate gap and Iran risks undermine JPY
The GBP/JPY cross scales higher for the second straight day and climbs to a fresh weekly top, around the 217.70 region, during the first half of the European session on Wednesday.
Federal Reserve: Inflation scenarios guide rate path – ABN AMRO
ABN AMRO’s Rogier Quaedvlieg reviews the latest United States (US) Consumer Price Index (CPI) downside surprise and its implications for the Federal Reserve (Fed).
Forex Today: US Dollar retreats after soft inflation data, focus shifts to BoC rate decision
Here is what you need to know on Wednesday, July 15:
Euro gives away gains as Eurozone Industrial Production disappoints
The Euro (EUR) has given away previous gains against the US Dollar (USD) on Wednesday, with the EUR/USD pair retreating to levels just above 1.1420 from session highs near 1.1450.
New Zealand Dollar: RBNZ hawkish tone supports gains – OCBC
OCBC’s Sim Moh Siong and Christopher Wong highlight that the New Zealand Dollar (NZD) continues to outperform G10 peers, underpinned by hawkish Reserve Bank of New Zealand (RBNZ) rhetoric and improving domestic activity data.
China New Loans below expectations (2000B) in June: Actual (1610B)
China New Loans below expectations (2000B) in June: Actual (1610B)
NZD/USD Price Forecast: Bulls await breakout above 0.5840-0.5845 confluence on weaker USD
The NZD/USD pair holds steady above the 0.5800 mark through the early European session on Wednesday and, for now, seems to have stalled the previous day's late pullback from a nearly one-month high, around the 0.5845 zone.
China M2 Money Supply (YoY) registered at 8%, below expectations (8.5%) in June
China M2 Money Supply (YoY) registered at 8%, below expectations (8.5%) in June
Australian Dollar strengthens to near 0.7000 as soft US CPI tempers Fed tightening bets
The AUD/USD pair gathers strength to around 0.6990 during the early European trading hours on Wednesday. The US Dollar (USD) softens against the Australian Dollar (AUD) as markets reduced their bets of a US rate hike after US inflation slowed more than expected in June.
Spain Harmonized Index of Consumer Prices (YoY) in line with forecasts (3.6%) in June
Spain Harmonized Index of Consumer Prices (YoY) in line with forecasts (3.6%) in June
Spain Harmonized Index of Consumer Prices (MoM) meets forecasts (0.6%) in June
Spain Harmonized Index of Consumer Prices (MoM) meets forecasts (0.6%) in June