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United States Redbook Index (YoY): 9.1% (August 21) vs 7.6%
United States Redbook Index (YoY): 9.1% (August 21) vs 7.6%
New Zealand Dollar defies stronger US Dollar as RBNZ rate hike bets offer support
NZD/USD edges slightly higher on Tuesday and trades around 0.5965 at the time of writing, up 0.08% on the day.
Australian Dollar: RBA risks and carry support ā BBH
Brown Brothers Harrimanās (BBH) Elias Haddad notes the Australian Dollar (AUD) largely ignored the Reserve Bank of Australia's (RBA) August Minutes, which reiterated Governor Michele Bullockās warning that another rate hike is quite possible.
British Pound: Range trading outlook against Euro ā Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses the British Pound's (GBP) recent performance, noting it is currently the top G10 currency on a 1āday view but only middling over longer horizons.
United States ADP Employment Change 4-week average climbed from previous 9.5K to 11.75K in August 1
United States ADP Employment Change 4-week average climbed from previous 9.5K to 11.75K in August 1
GBP/JPY Price Forecast: Bulls recover lost ground as intervention effect wears off
GBP/JPY extends its steady recovery on Tuesday and has now recouped almost all the losses triggered by the joint US-Japan intervention in late July. The intervention was aimed at curbing excessive weakness in the Japanese Yen (JPY) after USD/JPY climbed above 160 to a forty-year high.
Canadian Dollar: Trade conflict keeps downside risks alive against US Dollar - ING
INGās Francesco Pesole highlights escalating US-Canada trade tensions, with new US tariffs on Canadian autos and parts announced for early next year.
Japanese Yen under pressure as geopolitical risks support the US Dollar
USD/JPY trades around 159.30 on Tuesday at the time of writing, up 0.15% on the day.
British Pound hovers near six-month highs with investors awaiting key US events
The British Pound (GBP) remains practically flat for the second consecutive day against the US Dollar (USD), with markets on a āwait-and-seeā stance, awaiting key US Inflation data on Wednesday and the Jackson Hole central bankersā summit on Friday.
Australian Dollar: Strength intact with 0.7200 in focus against US Dollar ā UOB
United Overseas Bankās (UOB) Quek Ser Leang and Lee Sue Ann note AUD/USD has slipped into short-term consolidation between 0.7135 and 0.7170 after last weekās sharp rise, but they still regard the broader uptrend as intact.
Euro stands above 1.1650, supported by upbeat German macroeconomic data
The Euro (EUR) remains practically flat against theĀ US Dollar (USD) on Tuesday, trading above 1.1650, at a relatively short distance from the three-month highs, at 1.1710 hit last week.
British Pound: Dovish repricing points to weakness against Euro ā ING
INGās Francesco Pesole observes EUR/GBP has slipped back to the 0.8550-0.8560 area as the earlier Euro premium fades and bond market calm returns.
Euro advances against Japanese Yen as German business sentiment improves
EUR/JPY advances to around 185.85 on Tuesday at the time of writing, gaining 0.15% on the day.