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Indian Rupee: RBI inflow strategy recalibrated – Commerzbank
Commerzbank analysts describe how the Reserve Bank of India’s (RBI) early closure of the FCNR(B) swap window follows strong FX inflows and rising liquidity costs.
British Pound drops against Yen after UK employment data release
The British Pound (GBP) faces selling pressure against the Japanese Yen (JPY) after the release of the United Kingdom (UK) labor market data for three months ending in June, dropping to near 215.95.
Euro: Upside bias needs confirmation above 1.1615 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that EUR/USD briefly broke above major resistance at 1.1610 to 1.1614 before fading, leaving the Euro in a near-term consolidation between 1.1560 and 1.1600.
United Kingdom Claimant Count Rate fell from previous 4.4% to 4.3% in July
United Kingdom Claimant Count Rate fell from previous 4.4% to 4.3% in July
United Kingdom Unemployment Rate stays at 4.9% in June vs. 4.8% expected
The United Kingdom’s (UK) ILO Unemployment Rate stayed at 4.9% in the three months to June after reporting 4.9% in the previous reading, data published by the Office for National Statistics (ONS) showed on Tuesday. The data came in above the market consensus of 4.8%.
United Kingdom Claimant Count Change came in at -11K below forecasts (11.2K) in July
United Kingdom Claimant Count Change came in at -11K below forecasts (11.2K) in July
United Kingdom Employment Change (3M): 83K (June) vs previous 147K
United Kingdom Employment Change (3M): 83K (June) vs previous 147K
Indonesian Rupiah holds weak footing ahead of looming BI policy decision
USD/IDR remains in the positive territory after experiencing volatility, trading around 17,900 during the Asian hours on Tuesday. The pair continues to draw support from a weakening Indonesian Rupiah (IDR), driven by cautious domestic sentiment ahead of Bank Indonesia’s (BI) two-day policy meeting.
United Kingdom ILO Unemployment Rate (3M) registered at 4.9% above expectations (4.8%) in June
United Kingdom ILO Unemployment Rate (3M) registered at 4.9% above expectations (4.8%) in June
United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) came in at 3.5%, above forecasts (3.4%) in June
United Kingdom Average Earnings Excluding Bonus (3Mo/Yr) came in at 3.5%, above forecasts (3.4%) in June
United Kingdom Average Earnings Including Bonus (3Mo/Yr) meets expectations (4.1%) in June
United Kingdom Average Earnings Including Bonus (3Mo/Yr) meets expectations (4.1%) in June
Euro declines below 1.1600 on US-Iran war worries
The EUR/USD pair loses traction to around 1.1575, snapping the three-day winning streak during the early European session on Tuesday. The Euro (EUR) edges lower against the US Dollar (USD) as traders remain cautious about the US-Iran conflict and the closure of the Strait of Hormuz.Â
Australian Dollar bulls seem hesitant near 0.7100 as USD recovers from two-month low
The AUD/USD pair turns lower following a modest Asian session uptick on Tuesday, awaiting a break below the 0.7100 mark before extending the previous day's retracement from the highest level since June 5.