EUR/USD edges lower after registering slight gains in the previous session, trading around 1.1640 during the Asian hours on Thursday. The Euro (EUR) depreciates against the US Dollar (USD) ahead of HCOB Purchasing Managers' Index (PMI) data from Germany and the Eurozone. Germany's HCOB PMI data is scheduled to be released on Thursday at 07:30 GMT, with the Services PMI expected at 50.3. The Eurozone HCOB PMIs follow at 08:00 GMT, with forecasts pointing to 49.5 for Manufacturing and 50.6 for Services. On Wednesday, the Eurostat reported that the European Union (EU) Harmonized Index of...
The GBP/USD pair drifts lower to around 1.3450 during the Asian trading hours on Thursday, pressured by a modest rebound in the US Dollar (USD). Traders await the preliminary reading of S&P Global Purchasing Managers Index (PMI) reports for August from the United Kingdom (UK) and the United States (US), which are due later on Thursday. On Friday, all eyes will be on the Fed's annual Jackson Hole symposium. The Greenback strengthens against the Pound Sterling (GBP) on diminishing odds of a Fed rate cut in the September meeting after a jump in US wholesale prices last month. Markets...
USD/CHF appreciates after registering nearly 0.5% losses in the previous session, trading around 0.8050 during the Asian hours on Thursday. The pair appreciates as the US Dollar (USD) receives support after the release of the Federal Open Market Committee's (FOMC) Minutes for the July 29-30 meeting on Wednesday. Swiss Trade Balance data will be eyed later in the day. Focus will be shifted to the preliminary S&P Global US Purchasing Managers Index (PMI) data due later in the North American session. The Fed minutes indicated that most Federal Reserve (Fed) officials emphasized that...