The Indian rupee gained modestly in Asia on Wednesday. Foreign portfolio inflows and lower crude oil prices provided support to the Indian rupee. Market participants awaited the HSBC India Services…
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GBP/USD is struggling to move after a strong rebound from around 1.2615 (multi-day low) overnight, and remains in a narrow range in Asia on Wednesday. GBP/USD remains in the range…
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USD/CHF traded mildly bullish for the seventh straight session on Wednesday and is now trading just below its highest level in more than a month hit the previous day. However,…
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EUR/JPY rose for the sixth straight day in early European trading on Wednesday, now trading near 173.80. The yen weakened after data showed that business activity in Japan turned to…
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EUR/GBP fell to around 0.8470 in early European trading on Wednesday. Softening inflation in the eurozone in June has fueled hopes of another rate cut by the European Central Bank…
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USD/CAD extended losses for the second day in a row, trading around 1.3780 in early European trading on Wednesday. Rising oil prices boosted the Canadian dollar, which is bearish for…
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GBP/USD consolidates below round-number resistance of 1.2700 in London session on Wednesday after rebounding sharply from a three-day low of 1.2615 on Tuesday. The strong performance of GBP/USD was triggered…
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USD/JPY continued to strengthen to around 161.45 in early Asian trading on Tuesday. The slight recovery of the US dollar provided some support for USD/JPY. However, the market expects that…
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USD/CAD fluctuated higher to around 1.3735 in early Asian trading on Tuesday. The USD/CAD rebounded as the dollar strengthened and U.S. Treasury yields rose. However, the upside of USD/CAD may…
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GBP/USD continued to move sideways in Asian trading on Tuesday and remains confined to the range it has been in for the past two weeks. GBP/USD is currently trading around…