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United States MBA Mortgage Applications increased to 1.9% in July 17 from previous -2.7%
United States MBA Mortgage Applications increased to 1.9% in July 17 from previous -2.7%
Euro holds near five-week highs against Yen despite BoJ tightening rumours
The Euro (EUR) reversed earlier gains against the Japanese Yen (JPY) on Wednesday, following hawkish comments by Bank of Japanâs (BoJ) policymakers. The pair, however, remains a few pips below 186.00 at the time of writing, with the five-week high of 186.19 at a short distance.
World Bank warns of risks of global slowdown, renewed inflation
The World Bank warned that the global economy is only "a few months" away from a worst-case scenario in which global growth slows to 1.3% while inflation rises to 4.5%, according to comments by Chief Economist Indermit Gill reported by Reuters.
United States Sec. of State Rubio: Iran is in a lot of trouble
Following his meeting with Chinese Foreign Minister Wang Yi in Manila on Wednesday, United States (US) Secretary of State Marco Rubio said that âIran is in a lot of trouble.â
US Dollar: Trade tariffs to reshape FX volatility â MUFG
Derek Halpenny at MUFG explains that US trade tariff uncertainty is set to re-emerge as Section 122 measures expire and are replaced by more targeted Section 301 actions.
Gold Price Forecast: XAU/USD holds gains above $4,100 undaunted by risk-off markets
Gold (XAU/USD) extends gains for the fourth consecutive day on Wednesday, standing comfortably above $4,100, unfazed by the risk-off market amid rising tensions in Iran and higher Oil prices.
Japanese Yen: Technical outlook weakens against US Dollar â Societe Generale
Societe Generale analysts highlight USD/JPY trading in breakout territory above 163 for the first time in nearly four decades, with support around 162.20 and resistance near 164.40.
Swiss Franc edges higher as US-Iran tensions, higher Swiss yields sustain support
USD/CHF trades around 0.8120 at the time of writing on Wednesday, down a modest 0.09% on the day, but remains supported by a strong risk-off environment that favors the US Dollar (USD).
UK inflation cools and fiscal concerns grow: Why the British Pound is surrendering recent gains
The British Pound (GBP) is facing renewed downward pressure across major currency pairs, forfeiting its recent gains as market participants digest a combination of cooling domestic inflation and growing fiscal uncertainty surrounding Prime Minister Andy Burnhamâs economic agenda.Â
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $59.50 per troy ounce, up 1.19% from the $58.80 it cost on Tuesday.
New Zealand Dollar weakens as global risk aversion overshadows hawkish RBNZ outlook
NZD/USD extends its losing streak for the fifth successive day, trading around 0.5810 during the European hours on Wednesday.
Hungarian Forint: Dovish tilt keeps easing alive â Commerzbank
Commerzbankâs Tatha Ghose reports that Hungaryâs central bank Magyar Nemzeti Bank (MNB) cut its base rate to 5.75%, in line with expectations, and maintained its summer easing narrative.
British Pound sticks to post-UK inflation losses as faster BoJ rate hike bets lift JPY
The GBP/JPY cross attracts some intraday sellers on Wednesday and slides below the 218.00 mark during the first half of the European session. Spot prices remain, however, confined within the previous day's broader range amid the supportive fundamental backdrop.