EUR/USD recovers from Warsh selloff, focuses on ECB rate decision
EUR/USD has erased most losses from Warsh's hawkish speech ahead of the ECB rate decision, with the US CPI also in focus.
Major and emerging currency pairs, central bank policy, interest rate expectations and cross-border capital flows.
EUR/USD has erased most losses from Warsh's hawkish speech ahead of the ECB rate decision, with the US CPI also in focus.
EUR/USD expiries at 1.1600 and 1.1650 are set for 10 September 10am New York cut, reinforcing range-bound trade ahead of the ECB decision.
BOJ board member Masu says underlying inflation near 2%, warns weak yen and rising costs could force faster rate hikes.
Reuters sees the PBOC's USD/CNY daily fixing at 6.7074, with the midpoint signalling a slower yuan pace after August's wide weak-side deviation.
China to detail financial power plans at afternoon briefing with PBOC deputy governor.
Treasury Secretary Bessent claims inside knowledge on yen policy, stoking questions about BOJ independence and market risks.
USDCAD falls despite escalating trade war, as technicals contradict fundamentals. The pair tests key support near 1.3765.
US dollar weakens in early trading; yen strongest, NZD weakest. Equities slide, oil rallies on Middle East tensions.
The Indian rupee unwound gains from RBI intervention, with traders eyeing US CPI and oil prices.
Treasury Secretary Bessent dares traders to bet against a stronger yen, citing coordination with Japan.
Hedge funds bet on yen strength, with dollar-yen options targeting below 150. Bitcoin may face pressure as cheap yen borrowing costs rise.
Trump bans Canadian autos, dairy, and alcohol, and expands tariffs, escalating trade war. Bans take effect in three weeks.
The US dollar ended mixed, Treasury yields rose, and stocks fell as traders awaited inflation data. Oil rebounded on Middle East tensions, while gold dropped.
USDCAD slipped below last week's low and broke the 1.3765–1.3778 swing area, reaching 1.3760 as sellers stayed in control.
The Canadian dollar barely moved as US-Canada trade tensions intensified, with Trump announcing a Bombardier ban and Canada imposing retaliatory tariffs.