Euro gains modestly against British Pound after ECB delivers widely expected hike
EUR/GBP trades with a modest positive bias on Thursday but stays within the narrow range that has been in place for more than a week.
Currencies
European Central Bank: Two more hikes remain the baseline – Nordea
Nordea analysts Jan von Gerich and Tuuli Koivu note that the European Central Bank (ECB) delivered a 25bp rate hike and signalled a bias toward further tightening as its projections show Eurozone inflation above target …
Global bond yields rise as ECB hikes and hot U.S PPI fuels higher rate bets
In all the turmoil, investors now expect the European Central Bank to hike rates more than once this year at a time when the Federal Reserve is cutting. Does that really make sense? It's not unprecedented, but the bar f…
Canadian Dollar: Range trade with upside bias against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note USD/CAD is holding a tight sideways range near 1.38 with no domestic data, leaving the Canadian Dollar (CAD) driven by external factors and technicals.
Australian Dollar eases from four-month high
The Australian Dollar eased against the US Dollar on Thursday, slipping back below the 0.7200 mark after touching its highest level since mid-May earlier in the week. AUD/USD trades in the 0.7160 area, lower on the day,…
Sterling today: Pound rises as BoE rate hike bets build
The Pound Euro (GBP/EUR) exchange rate made modest gains on Tuesday, with higher oil prices and fresh Eurozone inflation data prompting markets to reassess the outlook for monetary policy.
GBP/USD Price Forecast: Positions above 1.3550, nine-day EMA support
GBP/USD remains stronger for the fourth successive day, trading around 1.3550 during the European hours on Thursday. The pair is maintaining a modest bullish bias as it holds above both the nine- and 50-day Exponential …
Swiss Franc: Range trading with limited momentum against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann keep a range-trading view on USD/CHF around 0.8100, after the pair held between 0.8065 and 0.8109 and closed near 0.8099. They now expect a slightly narrower 0.8060–0.8135 band to co…
Gold slides as US PPI reinforces Fed hike expectations, US Dollar and yields rise
Gold (XAU/USD) trades with a downside bias on Thursday as a steady US Dollar (USD), rising US Treasury yields and Federal Reserve (Fed) rate-hike expectations weigh on the precious metal, while traders also assess the l…
Australian Dollar slips against Japanese Yen due to increased risk aversion
AUD/JPY extends its losing streak for the fourth consecutive day, trading around 110.70 during European hours on Thursday. The currency cross depreciates as the Australian Dollar (AUD) faces challenges amid escalating M…
Turkish Lira: Easing path and carry appeal – ING
ING’s Frantisek Taborsky expects the Central Bank of the Republic of Türkiye (CBRT) to keep its policy rate at 37% for now, after normalising liquidity and lowering the effective funding rate. Weaker 2Q Gross Domestic P…
EUR/USD Price Forecast: Consolidates around 1.1640 in countdown to ECB’s policy decision
The Euro (EUR) trades in a tight range at around 1.1640 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair consolidates as investors await the European Central Bank’s (E…
Forex Daily Hot Take: The ECB Hawks May Have Set the Bar Too High
EUR/USD pushed toward 1.1650 yesterday before the Treasury announcement pulled the rug out. The move was accompanied by a fairly aggressive tightening in two-year rate differentials, driven almost entirely by higher Eur…
Swiss Franc gives back gains, but US Dollar struggles with Inflation data on tap
The Swiss Franc (CHF) has given back previous daily gains against the US Dollar (USD) in a calm trading session on Thursday, as the USD/CHF pair returned above 0.8100, although it remains halfway through the weekly trad…
Euro sticks to modest recovery gains vs Yen; remains close to YTD low ahead of ECB
The EUR/JPY cross struggles to capitalize on its modest intraday gains and trades around the 178.75 region during the first half of the European session on Thursday. Meanwhile, spot prices remain within striking distanc…
FX Outlook: The Hawkish Bar Is Set High for the ECB
Blowout NFP. US payrolls rose by 162,000 in August, beating the 55,000 forecast, while prior months were revised up by 55,000. Unemployment held at 4.1% and wage growth remained firm. The report raised the chance of a S…
Asian currencies steady as risk-off tone weighs, yen holds near highs
HONG KONG: The dollar clung to its recent strength near a two-month high on Thursday as fresh Gulf hostilities pushed oil prices higher and dampened risk appetite, while the Japanese yen hovered near the key 160 level t…
BoJ’s Masu says expect to continue raising rates given current accommodative financial conditions
Bank of Japan (BoJ) policy board member Kazuyuki Masu said on Thursday that the central bank expected to continue raising interest rates given current accommodative financial conditions. However, the pace and timing of …
Australian Dollar weakens to near 0.7200 as traders await US PPI inflation data
The AUD/USD pair declines to near 0.7215 during the early Asian trading hours on Thursday. Markets turn cautious as traders brace for the release of the US inflation data later this week.
Euro steadies above 1.1600 ahead of ECB rate decision, US PPI data
The EUR/USD pair holds steady around 1.1635 during the early Asian trading hours on Thursday. Traders prefer to wait on the sidelines ahead of the European Central Bank (ECB) policy meeting and the release of the US Aug…
Canadian Dollar consolidates as higher oil prices offset USD uptick ahead of US PPI
The USD/CAD pair struggles to capitalize on the previous day's modest gains and consolidates just above the 1.3800 mark during the Asian session on Thursday. Traders seem hesitant and opt to wait for the release of US i…
GBP/USD Range Shows Markets Doubt Sterling’s Priced Rate Advantage
GBP/USD traded 1.3557 Wednesday morning, up 0.2% on the session, after the July inflation release landed at 07:00 London time. TradingEconomics logged 1.3556, up 0.17%. The pair edged to 1.3552 immediately after the dat…
Dollar, euro little changed, yen extends rally ahead of Fed, ECB, and BoJ meetings
The Japanese yen held near a seven-month high against the dollar on Wednesday, as a surge in oil prices above $100 a barrel and a widening Middle East conflict put global investors on edge ahead of critical central bank…
Pinterest shares tumble as CEO warns of international headwinds
The earnings miss was narrow on revenue but steep on profit. Net income fell 85% year over year to $277 million, down from $1.85 billion in the same quarter last year. Adjusted EBITDA came in at $541.5 million, below th…