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Canadian Dollar consolidates near 1.3900 vs USD ahead of US tariffs deadline, FOMC Minutes
The USD/CAD pair struggles to capitalize on this week's modest recovery from its lowest level since June 3 and oscillates in a range around the 1.3900 mark during the Asian session on Wednesday.
PBOC sets USD/CNY reference rate at 6.7854 vs. 6.7905 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7854 compared to the previous day's fix of 6.7905 and 6.7421 Reuters estimate.
Euro strengthens above 1.1550 on fading Fed hike bets
The EUR/USD pair trades with mild gains near 1.1580 during the early Asian session on Wednesday. The US Dollar (USD) softens against the Euro (EUR) as softer US inflation data dialed back expectations of tighter Federal Reserve (Fed) policy.
Australian Dollar reverses as Iran risks lift USD ahead of Fed minutes
The Aussie Dollar reversed its course against the Greenback on Tuesday as investors remain uncertain of the outcome of the Middle East conflict, which tends to push energy prices higher, increasing the likelihood that major central banks would need to tighten monetary policy.
Japan Machinery Orders (YoY) registered at 16.9% above expectations (10.8%) in June
Japan Machinery Orders (YoY) registered at 16.9% above expectations (10.8%) in June
Japan Machinery Orders (MoM) above expectations (7.8%) in June: Actual (9.7%)
Japan Machinery Orders (MoM) above expectations (7.8%) in June: Actual (9.7%)
Trump, Carney hold last-minute talks ahead of new 50% tariffs on Canadian goods
US President Donald Trump and Canadian Prime Minister Mark Carney are negotiating in an effort to reach an agreement on tariffs, with just hours to go before the United States (US) imposes 50% tariffs on hockey sticks, wine and an array of other Canadian imports, CNBC reported on Tuesday.Â
EUR/JPY Price Forecast: SMAs confluence blocks bulls near 185.00
The EUR/JPY registers two consecutive days of gains, but on Tuesday, buyers failed to gain traction as they faced a confluence of key resistance levels near the 184.70 area. The cross-pair is poised to end the day unchanged, near its opening price of 184.69.
The Japanese Yen gives back half a record intervention
The Dollar trades near 159.50 against the Yen on Tuesday after a session high just short of 160.00, the strongest level the pair has reached since Tokyo and Washington intervened together at the end of July.
GBP/JPY Price Forecast: Bulls stall near 216.00 as RSI flattens
The GBP/JPY consolidates at familiar levels on Tuesday, virtually unchanged near 216.00, with the cross-pair seesawing within the 215.85-216.22 range, as neither buyers nor sellers are able to clear key resistance/support levels during the day.
New Zealand Producer Price Index - Output (QoQ) above expectations (0.8%) in 2Q: Actual (1.6%)
New Zealand Producer Price Index - Output (QoQ) above expectations (0.8%) in 2Q: Actual (1.6%)
New Zealand Producer Price Index - Input (QoQ) registered at 2.9% above expectations (1.3%) in 2Q
New Zealand Producer Price Index - Input (QoQ) registered at 2.9% above expectations (1.3%) in 2Q
British Pound Sterling's three-month high was made in America
The British Pound trades just short of 1.3550 against the Dollar on Tuesday, holding inside Monday's range after a peak short of 1.3600 carried it to its strongest level since early May. That leaves close to 300 pips of recovery from the base just short of 1.3300 built in the first week of August.