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British Pound posts modest gains to near 1.3500 ahead of UK GDP data
The GBP/USD pair edges slightly higher to near 1.3500 during the early Asian trading hours on Thursday. The US Dollar (USD) softens against the British Pound (GBP) on a tame reading of the US inflation report.
United States Dollar Index stalls post-CPI bounce near 100.00 on receding Fed hike bets
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, continues its struggle to build on the momentum beyond the 100.00 psychological mark and edges lower during the Asian session on Thursday.
PBOC sets USD/CNY reference rate at 6.7888 vs. 6.7882 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7888 compared to the previous day's fix of 6.7882 and 6.7470 Reuters estimate.
Euro advances as US Dollar weakens amid cooling Inflation
EUR/USD halts its three-day losing streak, trading around 1.1530 during the Asian hours on Thursday. The currency pair gains ground as the US Dollar (USD) faces challenges following the release of July's Consumer Price Index (CPI) report.
Singapore Gross Domestic Product (QoQ) climbed from previous 1.1% to 1.4% in 2Q
Singapore Gross Domestic Product (QoQ) climbed from previous 1.1% to 1.4% in 2Q
WTI declines below $82.50 as oil inventories rise far more than expected
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.Â
RBA's Kent: Cash rate hikes are achieving their intended impact
Reserve Bank of Australia (RBA) Assistant Governor Chris Kent said on Thursday that interest rate hikes are producing the expected effect. Kent added that further rate increases possible if risks emerge.
Singapore Gross Domestic Product (YoY): 5.9% (2Q) vs 5.7%
Singapore Gross Domestic Product (YoY): 5.9% (2Q) vs 5.7%
Japan Producer Price Index (YoY) came in at 7.2%, below expectations (7.4%) in July
Japan Producer Price Index (YoY) came in at 7.2%, below expectations (7.4%) in July
Japan Producer Price Index (MoM) below forecasts (0.6%) in July: Actual (0.1%)
Japan Producer Price Index (MoM) below forecasts (0.6%) in July: Actual (0.1%)
United Kingdom RICS Housing Price Balance came in at -30%, above expectations (-31%) in July
United Kingdom RICS Housing Price Balance came in at -30%, above expectations (-31%) in July
Iran says no progress on interim peace deal with US — Reuters
The United States (US) and Iran remain at ​loggerheads over efforts to agree a permanent end to the war in the Middle East, Reuters reported on Wednesday.
Gold edges lower to near $4,400 as Iran-US tensions counter support from tame US inflation
Gold price (XAU/USD) declines to around $4,400 during the early Asian session on Thursday, pressured by escalating geopolitical tensions between the United States (US) and Iran.