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Euro consolidates near late May highs as USD draws support from hawkish Fed, Iran risks
The EUR/USD pair enters a bullish consolidation phase after touching its highest level since late May during the Asian session on Thursday. Bulls now await a move beyond the 1.1700 mark before placing fresh bets and positioning for an extension of an over a three-week-old uptrend.
Asian equities rally; KOSPI leads gains as US Treasury support counters Fed/Iran risks
Asian equities advanced on Thursday, with South Korea's KOSPI surging nearly 6% intraday amid a more than 5% jump in SK Hynix shares following the buyback announcement.
Japanese Yen struggles amid widening Trade Deficit, escalating import costs
USD/JPY appreciates after registering modest losses in the previous day, trading around 158.50 during the Asian hours on Thursday.
New Zealand Dollar gathers strength to near 0.5950 after China holds loan rates steady in August
The NZD/USD pair gains momentum to near 0.5950 during the Asian trading hours on Thursday. The pair holds near a two-and-a-half-month high, bolstered by hawkish Reserve Bank of New Zealand (RBNZ) tone and softer US inflation data. Â
China's Commerce Ministry sets anti-dumping tax rates on polyoxymethylene from US, EU, Taiwan and Japan
China's Commerce Ministry on Thursday announced a decision on corporate tax rate for enterprises related to anti-dumping measures on imported polyoxymethylene from the United States (US), the European Union (EU), Taiwan and Japan, Reuters reported.
Australian Dollar declines following weak labor data
AUD/USD depreciates after registering over 0.5% gains in the previous day, trading around 0.7120 during the Asian hours on Thursday. The AUD/USD pair faces downward pressure as the Australian Dollar (AUD) slips in response to a weak domestic labor market report.
Australian Dollar reacts little to dismal jobs data; holds above weekly low vs weaker JPY
The AUD/JPY cross attracts some sellers following the release of a dismal Australian jobs report, though it lacks follow-through and holds above the weekly low touched the previous day.
Australia Part-Time Employment dipped from previous 47KÂ to -32.2K in July
Australia Part-Time Employment dipped from previous 47KÂ to -32.2K in July
Australia Unemployment Rate s.a. registered at 4.5% above expectations (4.4%) in July
Australia Unemployment Rate s.a. registered at 4.5% above expectations (4.4%) in July
Australia Participation Rate in line with expectations (66.9%) in July
Australia Participation Rate in line with expectations (66.9%) in July
Australia Employment Change s.a. came in at -15.8K below forecasts (15K) in July
Australia Employment Change s.a. came in at -15.8K below forecasts (15K) in July
Australia Full-Time Employment down to 16.3K in July from previous 29.3K
Australia Full-Time Employment down to 16.3K in July from previous 29.3K
British Pound edges lower as USD steadies above three-month low; downside seems limited
The GBP/USD pair edges lower during the Asian session on Thursday and retreats further from its highest level since May 11, touched the previous day.