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Canadian Dollar consolidates as Mideast crisis supports oil and USD ahead of US data
The USD/CAD pair is seen consolidating below mid-1.4000s during the Asian session on Thursday, though it remains close to an over one-week trough touched the previous day.
Australia Building Permits (YoY): 8.9% (June) vs 5.3%
Australia Building Permits (YoY): 8.9% (June) vs 5.3%
Australia Export Price Index (QoQ) increased to 1.1% in 2Q from previous 0.5%
Australia Export Price Index (QoQ) increased to 1.1% in 2Q from previous 0.5%
Australia Import Price Index (QoQ) came in at 5.7%, above expectations (0%) in 2Q
Australia Import Price Index (QoQ) came in at 5.7%, above expectations (0%) in 2Q
Australia Building Permits (MoM) above expectations (-1.5%) in June: Actual (7.2%)
Australia Building Permits (MoM) above expectations (-1.5%) in June: Actual (7.2%)
WTI falls below $83.00 despite hostilities in the Middle East
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.80 during the early Asian trading hours on Thursday. WTI falls amid some profit-taking despite escalating conflicts in the Middle East.Â
Australian Dollar gains despite cooling domestic Inflation, hawkish Fed hold
AUD/USD inches higher after two days of losses, trading around 0.6960 during the Asian hours on Thursday. The currency pair may face potential downside pressure as the US Dollar (USD) could gain strength following a hawkish interest rate pause by the Federal Reserve (Fed).
PBOC sets USD/CNY reference rate at 6.7892 vs. 6.7899 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7892 compared to the previous day's fix of 6.7899.
British Pound retreats from weekly high vs firmer USD as focus shifts to BoE, US data
The GBP/USD pair struggles to capitalize on the previous day's strong move up to the weekly high and drifts lower during the Asian session on Thursday.
New Zealand ANZ Business Confidence climbed from previous 36.6 to 56.1 in July
New Zealand ANZ Business Confidence climbed from previous 36.6 to 56.1 in July
New Zealand ANZ Activity Outlook climbed from previous 36.9 to 49.3 in July
New Zealand ANZ Activity Outlook climbed from previous 36.9 to 49.3 in July
South Korea BOK Manufacturing BSI: 82 (August) vs 79
South Korea BOK Manufacturing BSI: 82 (August) vs 79
Euro edges lower to near 1.1450 as Fed holds rates steady, traders await Eurozone and German GDP
The EUR/USD pair trades with mild losses around 1.1465 during the early Asian session on Thursday. The US Dollar (USD) edges higher against the Euro (EUR) on a hawkish Federal Reserve (Fed) rate hold.