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PBOC leaves Loan Prime Rates unchanged in August
The People’s Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Thursday. The one-year and five-year LPRs were at 3.00% and 3.50%, respectively.
Euro edges lower below 1.1700 despite fading Fed hike odds
The EUR/USD pair posts modest losses around 1.1675 during the early Asian session on Thursday. The Euro (EUR) edges lower against the US Dollar (USD) after experiencing a sharp surge in the previous session.
Japan Merchandise Trade Balance Total came in at ¥-634.5B, above expectations (¥-680B) in July
Japan Merchandise Trade Balance Total came in at ¥-634.5B, above expectations (¥-680B) in July
Japan Adjusted Merchandise Trade Balance: ¥-686B (July) vs ¥-881.9B
Japan Adjusted Merchandise Trade Balance: ¥-686B (July) vs ¥-881.9B
Japan Foreign Investment in Japan Stocks increased to ¥621.2B in August 14 from previous ¥-368.5B
Japan Foreign Investment in Japan Stocks increased to ¥621.2B in August 14 from previous ¥-368.5B
Japan Foreign Bond Investment fell from previous ¥1629.4B to ¥1135.1B in August 14
Japan Foreign Bond Investment fell from previous ¥1629.4B to ¥1135.1B in August 14
Japan Imports (YoY) above expectations (26.5%) in July: Actual (27.8%)
Japan Imports (YoY) above expectations (26.5%) in July: Actual (27.8%)
Japan Exports (YoY) above forecasts (19.9%) in July: Actual (23.2%)
Japan Exports (YoY) above forecasts (19.9%) in July: Actual (23.2%)
US President Donald Trump announces "crushing economic operation" on Iran
US President Trump announced the most severe economic action ever taken against Iran, CBS News reported on Wednesday. Trump said this will be economic conflict and isolation on an unprecedented scale and the countries allowing financial aid to Iran will face severe economic consequences.Â
Australian Dollar gains as Treasury buyback offsets hawkish Fed
The Aussie Dollar advances on Wednesday, up over 0.56%, as the US Dollar registers losses amid the US Treasury bond buyback and despite the release of hawkish Federal Reserve minutes from the July meeting. The AUD/USD trades at 0.7127.
GBP/JPY Price Forecast: sellers take control below 50-day SMA
The GBP/JPY retreats on Wednesday as the cross-pair fails to climb past 216.00Â and fell beneath the 50-day Simple Moving Average (SMA) of 125.56. The cross-pair trades at 214.25 down 0.37%.
Washington bought the Japanese Yen again without meaning to
USD/JPY closed Wednesday 0.92% lower just above 158.00, the largest single-session decline since the early-August intervention, and Tokyo did not lift a finger for it.
Pound Sterling's best level since May was made in Washington
GBP/USD closed Wednesday 0.53% higher just above 1.3600, its best close in three months, and the United Kingdom inflation report that opened the session had almost nothing to do with it. Sterling spent the London morning up barely twenty pips on the day.