Nordea analysts say structural demand shifts keep EUR/DKK rate differential steady at -0.4 percentage points without fresh policy action. Denmark’s central bank did not intervene in July to support the krone after purchasing DKK 0.7 billion in June, signaling a shift in it
Easing Middle East tensions and lower oil prices reduce inflation concerns, prompting traders to scale back Fed tightening expectations. The GBP/USD pair extended gains for a second session, trading modestly higher near 1.3450 in early European trading on Wednesday. The mo
Improved PMI figures from Germany and the Eurozone bolster the Euro, pushing EUR/CAD to a near-term high. The Euro extended gains against the Canadian Dollar, trading at 1.6240 during European hours on Wednesday. The rally follows the release of HCOB Purchasing Managers’ I
Eurozone Composite PMI hits 52.0 in July, marking the first expansion in business activity since March and boosting the euro. EUR/CAD climbed to 1.6240 during European trading hours Wednesday, extending a rally fueled by stronger-than-expected PMI data. The Eurozone Compos
June data shows a 0.3% monthly decline in Eurozone producer prices, driven by lower energy costs, aligning with expectations. Eurozone producer prices declined 0.3% month-over-month in June, in line with forecasts. The drop was primarily attributed to a 1.5% fall in energy
DXY remains below the 100 mark amid softer Fed rate hike bets and US trade policy uncertainty, per analysis. The US Dollar Index (DXY) continues to struggle below the 100 level, reflecting persistent headwinds from monetary policy and trade risks. European currencies, excl
Katayama indicates fiscal measures could ease price growth without further monetary tightening, supporting JPY stability. Japan’s Finance Minister Satsuki Katayama stated tax policy adjustments may help curb elevated inflation, reducing pressure on the Bank of Japan to tig
AUD trades flat at 0.7050 against USD The Australian Dollar is trading flat against the US Dollar at around 0.7050. The currency pair is awaiting the release of the US ADP Employment Change data for July. This data is expected to provide insight into the US
Investors await July US private payrolls data, expected at 70K, to gauge Fed policy direction amid data-dependent stance. The Australian Dollar remains steady at 0.7050 against the USD in European trading, lacking clear direction as markets brace for US ADP Employment Chan
Foreign investors remain net long JPY but at reduced levels, requiring BoJ tightening and reforms to sustain inflows, BNY analysts note. Foreign exposure to the Japanese yen has not increased significantly despite coordinated intervention, with investors still net long JPY
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