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Japan Exports (YoY) above forecasts (19.9%) in July: Actual (23.2%)
Japan Exports (YoY) above forecasts (19.9%) in July: Actual (23.2%)
US President Donald Trump announces "crushing economic operation" on Iran
US President Trump announced the most severe economic action ever taken against Iran, CBS News reported on Wednesday. Trump said this will be economic conflict and isolation on an unprecedented scale and the countries allowing financial aid to Iran will face severe economic consequences.Â
Australian Dollar gains as Treasury buyback offsets hawkish Fed
The Aussie Dollar advances on Wednesday, up over 0.56%, as the US Dollar registers losses amid the US Treasury bond buyback and despite the release of hawkish Federal Reserve minutes from the July meeting. The AUD/USD trades at 0.7127.
GBP/JPY Price Forecast: sellers take control below 50-day SMA
The GBP/JPY retreats on Wednesday as the cross-pair fails to climb past 216.00Â and fell beneath the 50-day Simple Moving Average (SMA) of 125.56. The cross-pair trades at 214.25 down 0.37%.
Washington bought the Japanese Yen again without meaning to
USD/JPY closed Wednesday 0.92% lower just above 158.00, the largest single-session decline since the early-August intervention, and Tokyo did not lift a finger for it.
Pound Sterling's best level since May was made in Washington
GBP/USD closed Wednesday 0.53% higher just above 1.3600, its best close in three months, and the United Kingdom inflation report that opened the session had almost nothing to do with it. Sterling spent the London morning up barely twenty pips on the day.
New Zealand Dollar rallies as Treasury buyback drags US yields
The New Zealand Dollar (NZD) rallies against the US Dollar (USD), pushing north of the 0.5930 mark. The move is driven by broad weakness in the Greenback rather than anything out of New Zealand.
Australia’s Unemployment Rate jumps to 4.5% in July, vs 4.4% expected
Australia’s Unemployment Rate climbed to 4.5% in July from 4.4% in June, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in above the market consensus of 4.4%.
Euro surges as traders ignore Fed’s hawkish minutes
The Euro (EUR) gains over 0.85% against the US Dollar (USD) during the North American session on Wednesday, even though the latest Federal Reserve (Fed) minutes had a hawkish tone, with some participants, along with the three dissenters, suggesting that raising rates could be necessary if the disinf
USD/CHF Price Forecast: Franc tests 100-day SMA as US Dollar tanks
The USD/CHF pair tumbles nearly 2% on Wednesday as a US Treasury buyback announcement sends the Greenback into a tailspin, while US Treasury yields also dive. The pair trades at 0.7979 after reaching a high of 0.8128.
AUD/USD Price Forecast: Positive momentum points to further upside
AUD/USD holds firm near a two-and-a-half-month high on Wednesday, supported by broad US Dollar (USD) weakness, while technical indicators point to further upside. At the time of writing, the pair trades around 0.7118, up 0.43% on the day, after reaching an intraday high of 0.7129.
United States 20-Year Bond Auction: 5.204% vs 5.163%
United States 20-Year Bond Auction: 5.204% vs 5.163%
Mexican Peso rallies to two-year high on US Treasury buybackÂ
The Mexican Peso (MXN) rallies to a two-year high of 16.94 on Wednesday as the US Dollar (USD) weakens amid falling US yields, which retreated after the US Treasury doubled the size of its long-duration bond buyback. The USD/MXN pair trades at 16.95, down 0.27%.