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Australian Dollar: Softer jobs data keeps RBA sidelined – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes AUD/USD is holding gains on broad US Dollar weakness despite a soft July Australian labor report. The economy unexpectedly lost jobs, with rising unemployment and falling hours worked pointing to weaker labor demand.
Gold Price Forecast: XAU/USD corrects below $4,500 as Yields recover some losses
Gold price (XAU/USD) is down 0.7% to near $4,490 in the European trading session on Thursday. The precious metal retreats from its 11-week high of $4,527 posted earlier in the day. The yellow metal comes under pressure as United States (US) Treasury Yields claw back some of Wednesday’s losses.
1.1700: Euro hits three-month highs as US Bond buyback plan crushes the US Dollar
The Euro (EUR) extends gains against an ailing US Dollar (USD) on Thursday, as the US Treasury’s plan to boost buybacks of long-term Government Bonds sent the Greenback tumbling across the board.
Euro holds steady against British Pound as ECB, BoE rate hike bets offset each other
EUR/GBP trades around 0.8580 on Thursday at the time of writing, showing little change on the day.
United States: Slow growth but data understate jobs – Commerzbank
Commerzbank economist Bernd Weidensteiner analyzes recent U.S. employment trends, noting that Nonfarm Payroll growth has slowed sharply, with average monthly gains of just 32,000 over the past year.
Indian Rupee: RBI minutes temper rate-cut hopes – DBS
Radhika Rao at DBS Group Research highlights that Reserve Bank of India (RBI) minutes from the early-August meeting were more cautious than Governor Sanjay Malhotra’s public messaging.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $66.71 per troy ounce, down 0.42% from the $67.00 it cost on Wednesday.
Federal Reserve: AI, inflation risks and limited FX impact – MUFG
MUFG’s research team uses AI-driven textual analysis to judge the July FOMC minutes as slightly more hawkish, with broader support for a rate hike and concern over inflation expectations.
US Dollar: Policy-driven yield retreat – UBS
UBS' chief economist Paul Donovan notes that the United States (US) Treasury’s plan to at least double purchases of long-term US government bonds triggered a rally, pushing 10-year yields down to levels seen a week ago.
Euro weakens against Canadian Dollar amid higher oil prices
EUR/CAD halts its three-day winning streak, trading around 1.6110 during the European hours on Thursday. The currency cross faces downward pressure as the commodity-linked Canadian Dollar (CAD) gains support from rising crude oil prices.
Euro: Upside bias targets 1.1725 against US Dollar – UOB
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has broken to a three‑month high near 1.1680 as Dollar weakness and strong momentum underpin the pair.
Eurozone Construction Output s.a (MoM) down to -1.3% in June from previous 0.4%
Eurozone Construction Output s.a (MoM) down to -1.3% in June from previous 0.4%
Eurozone Construction Output w.d.a (YoY) fell from previous 1.2% to -0.7% in June
Eurozone Construction Output w.d.a (YoY) fell from previous 1.2% to -0.7% in June