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Forex
Fed Minutes expected to show support for interest-rate cuts among Fed officials
The Minutes of the Fed’s July 30-31 policy meeting will be published on Wednesday.
Details of Jerome Powell and Co’s discussions about policy easing will be…
ECB’s Panetta: Hope ECB cuts rates in September – ANSA
European Central Bank (ECB) executive board member Fabio Panetta said on Wednesday that he hopes that the ECB cuts key rates in September, as reported by ANSA…
EUR/USD clings to gains above 1.1100 with Fed minutes in focus
EUR/USD exhibits strength near 1.1130 ahead of the FOMC minutes of its monetary policy meeting in July.
The Fed kept interest rates steady for the eighth…
CHF: Caught between the SNB and the flight into safe havens – Commerzbank
The market turbulence of a few weeks ago led to a strong demand for safety, which naturally benefited the Swiss franc (CHF). In EUR/CHF terms, we narrowly…
JPY reduces year’s losses – DBS
Following the unwinding of carry trades, the Japanese Yen (JPY) has reduced this year’s losses to -2.8% ytd on Tuesday vs. -13% in early July, DBS Senior FX…
Mexican Peso extends decline after retail sales fell more than expected
The Mexican Peso continues depreciating on Wednesday after Tuesday’s sell-off following weak retail sales data.
Carry trade outflows and investor concerns…
Pound Sterling grips gains above 1.3000 ahead of Fed Minutes, Jackson Hole Symposium
The Pound Sterling exhibits strength against the US Dollar on Fed rate-cut optimism.
Investors remain divided over the Fed rate-cut size in September.
UK…
USD/CHF rebounds to near 0.8550 as traders await FOMC Minutes
USD/CHF trades on a stronger note around 0.8545 in Wednesday’s Asian session.
Rising Fed rate cut expectations might cap the pair’s upside.
The Fed Chair…
EUR/JPY rises to near 162.00 due to record trade deficit in Japan, Eurozone PMI eyed
EUR/JPY gains ground as Japan’s Trade Balance reported a deficit of ¥621.84 billion for July.
Reuters poll showed that 31 out of 54 economists predicted…
Asian stocks decline as traders await more cues about Fed’s rate-cut path
Asian stocks tack the overnight slide in the US equity markets and retreated on Wednesday.
JD.com sinks on report of Walmart stake sale and weighs on Hong…