Share: USD/CAD strengthens due to the Fed’s hawkish tone on interest rates trajectory. Stronger US jobs data bolster the US yields; contributing support for the US Dollar. Downbeat Crude oil prices put pressure on the Canadian Dollar. USD/CAD traces the upward path on the fourth successive day, trading higher near 1.3710 during the
Share: GBP/JPY stays defensive after two-day losing streak, bounces off one-week low. UK FinMin Hunt expects slower inflation despite September’s blip, challenging BoE rate hikes. Japan Monetary Base expands in August, suggesting need for hawkish BoJ. BoE Monetary Policy Report Hearings, Japan Q2 2023 GDP will be important for fresh impulse. GBP/JPY floats
Share: EUR/GBP fades bounce off intraday low but remains defensive after reversing from two-week high the previous day. German Retail Sales for July prints downbeat figures, UK Car Production improves. BoE’s Pill, Eurozone HICP eyed for clear directions. EUR/GBP fades bounce off intraday low around 0.8580 as it justifies downbeat German Retail Sales
