Dollar Slips and Oil Falls as Markets Reprice Fed and Iran Risks
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
United States. The US dollar is strengthening against the Japanese yen today while posting moderate losses against the euro and the British pound.
The shares of software developer Adobe Inc. are trading in a corrective trend around the 346.00 level.
United States of America. The US dollar is losing value on Forex against the yen, pound, and euro.
During the Asian session, the USD/CAD pair is trading at 1.3771 amid a weaker US dollar and positive Canadian macroeconomic statistics.
During the Asian session, the USD/CHF pair is showing moderate downward dynamics in the ultra-short-term outlook, trading at 0.7928. Investors are reluctant to open new positions ahead of the US Federal Reserve’s monetary policy meeting tomorrow at 20:00 (GMT+2), expecting a 25 basis point rate cut and updated forecasts on further policy moves this year.
The British pound is gaining in value in the GBP/USD pair during the Asian session, consolidating above 1.3600 and updating local highs from July 8 following the release of national labor market statistics. In July, employment rose by 232.0K, only 7.0K fewer than in the previous month. Jobless claims in August increased by 17.4K after –33.3K, compared with a forecast of 20.3K. Average hourly earnings excluding bonuses slowed from 5.0% to 4.8% in July, while the unemployment rate stabilized around 4.7%.
The European currency shows moderate growth on Forex during the Asian session, extending the bullish momentum formed the day before: the EUR/USD pair is testing the 1.1780 level for an upward breakout, while investors are awaiting the results of the two-day US Federal Reserve meeting, which will be released on Wednesday at 20:00 (GMT+2).
EUR/USD. The European currency is showing moderate growth during the Asian session, extending the bullish momentum formed the day before: the EUR/USD pair is testing the 1.1780 mark for an upward breakout, while investors are awaiting the results of the two-day US Federal Reserve meeting, which will be released on Wednesday at 20:00 (GMT+2).
United States of America. The U.S. dollar, including on the Forex market, is weakening against the yen, the pound, and the euro.
Last week, the XAU/USD pair reached a yearly high of $3,650 per ounce, driven by reduced expectations of a 50-basis-point rate cut by the U.S. Federal Reserve.
The Dow Jones Index is correcting within a local uptrend around the 45,833.0 level.
Shares of Alphabet Inc. are trading at 241.00, supported by growing consumer interest in the company’s services.
The USD/JPY pair is trading in the 148.85–146.33 range and may move lower under pressure from expectations of monetary easing by the U.S. Federal Reserve at its Wednesday meeting at 20:00 (GMT+2). Investors are almost certain of a 25-basis-point rate cut to 4.25%, with Fed Chair Jerome Powell likely to justify the move by pointing to a cooling labor market
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