USD/CHF Faces Selling Pressure Amid Dovish Fed Bets The USD/CHF currency pair is showing signs of selling pressure on Monday, edging lower toward the 0.8060 mark amid renewed dovish bets on the Federal Reserve’s (Fed) monetary policy. Market participants are closely watching developments in both the US economic landscape and global geopolitical affairs, which are...
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In forex
Australian Dollar Receives Support from Easing Odds of Further Fed Rate Cuts
The Australian Dollar (AUD) extended its gains for a second consecutive session on Monday as the US Dollar (USD) held steady amid a dovish sentiment surrounding the Federal Reserve (Fed) outlook. The AUD/USD pair remains underpinned by positive Australian employment data, which reduced the urgency for additional Reserve Bank of Australia (RBA) rate cuts in...
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In finance
GBP/JPY Climbs Back to 200.00, Remains Close to Over One-Year Peak Touched Last Week
The GBP/JPY currency pair regained positive momentum at the start of a new trading week, climbing back closer to the 200.00 psychological mark during the Asian session. Spot prices remain near the over one-year high reached last week, reflecting a combination of supporting factors that continue to favor the British Pound (GBP) over the Japanese...
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In business
EUR/GBP Softens Below 0.8650 as Traders Brace for US-Ukraine Talks
The EUR/GBP cross edged lower to around 0.8630 in Monday’s early European session, reflecting a cautious market tone amid macroeconomic releases and ongoing geopolitical uncertainty. The Pound Sterling (GBP) softened against the Euro (EUR) despite a surprisingly resilient UK Gross Domestic Product (GDP) report for the second quarter (Q2). Investors and forex traders are closely...
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In forex
USD/INR Tumbles as Indian PM Modi Vows a Wave of GST Reforms
The Indian Rupee (INR) surged sharply against the US Dollar (USD) on Monday, reflecting growing market optimism following Indian Prime Minister Narendra Modi’s announcement of sweeping Goods and Services Tax (GST) reforms. The USD/INR pair slumped to 86.50, marking a significant intraday decline as traders and investors digested the news of potential structural tax changes...
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In business
US Dollar Index Holds Steady Below 98.00 Amid Fed Dovish Tone
The US Dollar Index (DXY) remained relatively flat near 97.85 during early Asian trading hours on Monday, as market participants took a cautious stance ahead of critical developments in both geopolitical and monetary policy spheres. This article by Michael P Jones, a broker at AureliusHub, provides valuable context and detailed analysis of the topic. The...
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In finance
USD/CAD Falls to Near 1.3800 Amid Prevailing Dovish Sentiment Surrounding Fed Outlook
The USD/CAD currency pair depreciated to around 1.3800 during Asian trading hours on Monday, erasing gains recorded over the previous two sessions. Market participants attribute the USD weakness to a prevailing dovish tone surrounding the US Federal Reserve’s (Fed) policy outlook, as traders increasingly anticipate a potential rate cut in September. Amara Johns, a broker...
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In business
Pound Sterling Shows Slight Volatility Against the US Dollar Ahead of Major International Meeting
The Pound Sterling (GBP) is exhibiting slight volatility against the US Dollar (USD) as the market consolidates around the 1.3550 level. This movement comes ahead of a high-profile meeting at the White House, where the US President is scheduled to meet the Ukrainian President and NATO officials to discuss the ongoing Russia-Ukraine conflict. Investors are...
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In business
NZD/USD Attracts Buyers Above 0.5900 as Fed Rate Cut Bets Remain Intact
The NZD/USD currency pair has gathered strength to approach 0.5935 in early European trading on Monday, marking a 0.20% gain on the day. This advance comes amid persistent Federal Reserve (Fed) rate cut expectations, which continue to weigh on the US Dollar (USD). Market watchers are tuning in for signals from major central banks, with...
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In forex
AUD/USD Forex Signal: Stuck in a Range Ahead of Jackson Hole
The AUD/USD currency pair is currently trading sideways near a critical support level, reflecting a cautious market mood ahead of the Jackson Hole Symposium. On Monday, the pair hovered around 0.6500, slightly below last week’s high of 0.6570, as traders digested a series of economic data releases from Australia and the United States. Simon Kuper,...
