United States Dollar holds gains near 99, all eyes on Jackson Hole Symposium
The US Dollar (USD) clings to previous day’s gains on Thursday, driven by a sticky United States (US) Personal Consumption Expenditure (PCE) Price Index report for July.
Forex
Asia FX mixed, dollar holds gains ahead of Jackson Hole; won rises on BOK hike
Asian markets traded cautiously on Thursday, with much of the region's price action muted as traders adopted a wait and see approach ahead of Federal Reserve Chair Kevin Warsh's Jackson Hole speech, even though the symp…
Gold struggles to build on gains as traders await Fed Chair Warsh's speech for rate cues
Gold (XAU/USD) surrenders modest intraday gains and trades just above the $4,600 mark heading into the European session on Thursday. The commodity, however, holds above the weekly low touched the previous day as traders…
Gold retreats from three-month high to near $4,600 after US PCE data
Gold price (XAU/USD) falls to near $4,610 during the early Asian session on Thursday. The precious metal retreats from a three-month high as US inflation data came largely in line with expectations, increasing expectati…
Australian Dollar extends rally as RBA hike bets, offset US data
The Aussie Dollar advances for the third straight day, up more than 0.17%, even though the latest US inflation report renewed investors' hawkish bets that the US central bank might increase rates by the end of 2026. The…
GBP/JPY Price Forecast: Evening star threatens 216.00 support
The GBP/JPY failed to sustain the 217.00 breakout, reversing to the 216.50 area as traders faded the move, exacerbating the decline to current exchange rates. At the time of writing, the cross-pair exchanges hands with …
Mexican Peso dips as US Core PCE renew Fed hawkish bets
The Mexican Peso loses some traction against the US Dollar on Wednesday as traders seem confident that the Federal Reserve could raise interest rates toward the end of the year, following a red-hot inflation report. The…
Japanese Yen slips ahead of Tokyo CPI
USD/JPY trades around 159.40 on Wednesday, holding onto modest gains as a firmer US Dollar (USD) keeps the pair underpinned. The Dollar is broadly bid ahead of the Jackson Hole Symposium.
GBP/USD Gains Hide Britain’s Growing Fiscal and Gilt Risks
Sam Azzarello: What's next for markets and the global economy after a year defined by escalating tariffs, persistent geopolitical tensions, and the rise of artificial intelligence across industries?
Chinese Yuan: Pace of appreciation against US Dollar seen slowing – ING
Chris Turner at ING notes USD/CNH is consolidating after last week’s sharp decline, as investors hesitate to buy Renminbi with the PBoC slowing lower USD/CNY fixings and US–Iran sanctions risks in focus. ING’s base case…
Japanese Yen: Range-bound against US Dollar as markets price BoJ hike – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret describe the Japanese Yen (JPY) as quiet, extending a tight consolidation as markets gradually price a 25 bp Bank of Japan (BoJ) hike for September 18. Hawkish BoJ m…
British Pound retreats as sticky PCE revives Fed hike bets
Sterling retreats some 0.39% as the US Dollar stages a recovery after a US inflation report revealed that prices remained elevated, increasing the chances of seeing a rate hike by the Federal Reserve (Fed) towards the e…
Dow Jones Industrial Average ignores a revision made of inflation
The Dow Jones Industrial Average trades a shade beneath 53,500 and roughly 100 points lower on the session, after a 12:30 GMT data drop the wires filed as uneventful. July core Personal Consumption Expenditures (PCE) pr…
Euro firms against British Pound on hopes of a Hormuz deal
EUR/GBP is trading around 0.8570 on Wednesday, on the front foot as hopes of a de-escalation in the Gulf hand the Euro (EUR) a modest lift. The pair has broken above its 20- and 100-period moving averages, which sit bun…
Reserve Bank of Australia: Preemptive hike debate intensifies – TD Securities
Prashant Newnaha at TD Securities notes that the RBA’s August minutes were overall less hawkish than June, but still emphasized upside inflation risks and the possibility of preemptive tightening. With July CPI strong a…
New Zealand Dollar dips, but RBNZ hike bets provide safety net
NZD/USD retreats to around 0.5940 on Wednesday at the time of writing, down 0.60% on the day. The New Zealand Dollar (NZD) loses ground against the US Dollar (USD), which finds some support following the release of the …
Polish Zloty: Policy divergence weighs on PLN against Euro – ABN AMRO
ABN AMRO’s Georgette Boele highlights that EUR/PLN has risen as interest rate expectations diverge between the Eurozone and Poland. The National Bank of Poland kept rates at 3.75% and appears divided on a possible 25bp …
Australian Dollar stumbles as hot Australian CPI runs into a firmer US Dollar
AUD/USD is trading around 0.7170 on Wednesday, down slightly after a hot Australian inflation print ran straight into a firmer US Dollar.
EUR/USD: Lower Energy Prices Underpin the Euro Ahead of Jackson Hole
EU mid-market update: Bond yields off recent highs as drop in crude overshadows rate expectations and hawkish commentary; Awaiting Nvidia numbers and Rubin color tonight.
Gold Price Forecast: XAU/USD corrects to near $4,620 in countdown to US PCE Inflation data
Gold price (XAU/USD) is down 0.75% to near $4,620 during the European trading session on Wednesday. The precious metal corrects as the rally pauses after posting a fresh three-month high at $4,697 the previous day, with…
Japanese Yen: BoJ hike expectations support JPY against US Dollar – MUFG
MUFG’s Derek Halpenny notes the Japanese Yen is firmer versus most G10 currencies as markets increasingly price a Bank of Japan rate hike in September. Services PPI data and hawkish commentary from former BoJ officials …
WTI Oil drops below $80 amid hopes of Hormuz reopening, US-Iran de-escalation
Crude prices extend their reversal on Wednesday, with the US benchmark West Texas Intermediate (WTI) trading at the $79.50 area as of writing, highlighting a 9% decline from last week’s highs above $87.00.
Australian Dollar: Watching 0.7200 resistance against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note AUD/USD extended its consolidation slightly higher, closing at 0.7165 as short-term momentum improves.
Hungarian Forint: Recovery tied to euro entry story – ING
ING’s Chris Turner reports that the National Bank of Hungary cut its policy rate by 25bp to 5.50%, with Chief Economist Peter Virovacz seeing a 4.75% terminal rate.