GBP/USD halts decline and reclaims 1.2600

Share: The British Pound (GBP) stopped its free-fall on Monday against the US Dollar (USD) amidst a UK Summer Bank Holiday, which spurred choppy trading amongst most FX pairs during the overlap of the London-New York session. At the time of writing, the GBP/USD is trading at 1.2601, gaining 0.19%. Read More… The Pound Sterling

USD Index extends the decline and challenges 103.00

Share: The index moves lower and approaches 103.00. US yields maintain the march north unabated. Fedspeak, housing data will take centre stage later on Tuesday. The greenback, in terms of the USD Index (DXY), grinds lower and puts the 103.00 region to the test on turnaround Tuesday. USD Index looks at Fedspeak, Jackson

EUR/JPY set to post a weekly decline after Japanese inflation data

Share: EUR/JPY dropped near 158.00, still trading in cycle highs. After two consecutive weeks of gains, the cross will close a weekly decline of 0.30%. The Japanese National CPI from July came in higher than expected. On Friday, the JPY traded strongly against most of its rivals, making the EUR/JPY cross retreat to

Australian Dollar Decline Pushes it to Bottom of the Range. Will AUD/USD Bounce?

Australian Dollar, AUD/USD, US Dollar, Treasuries, ACGB, RBA, Wages, Jobs – Talking Points The Australian Dollar is threatening to make new lows today Treasury yields have been supportive of the US Dollar AUD is trading at the foot of the range. Will AUD/USD find support? Trade Smarter – Sign up for the DailyFX Newsletter Receive

Dollar’s decline throws spotlight on battered commodity currencies By Reuters

© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration By Saqib Iqbal Ahmed NEW YORK (Reuters) – Some investors are zeroing in on the battered currencies of commodity-producing countries such as Norway and Australia to take advantage of more potential weakness in the dollar, which