The euro stayed under pressure as dollar strength limited recovery despite support from German data, while the pound held steady after upbeat UK business activity. The yen gained slightly as investors watched U.S. sentiment and trade headlines, though policy uncertainty weighed on direction. The Australian dollar struggled amid concerns over tariffs and dovish central bank signals, with inflation data awaited for clarity. Gold held near recent highs as political tensions and expectations of central bank easing continued to support safe-haven demand.
The euro gained some support from improved German data but remained pressured by caution around central bank policy and U.S. housing strength. The pound held recent gains yet faced downside risks from dollar demand. The yen fluctuated as investors weighed safe-haven flows against central bank policy signals. The Australian and New Zealand dollars firmed on softer U.S. outlook and local data resilience, while the franc traded in ranges amid Swiss disinflation. Gold advanced on dovish Fed expectations and persistent haven demand.
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A heavy U.S. data run (confidence, housing, GDP, PCE) anchors the week, while Europe delivers key sentiment and preliminary August inflation prints from the big four. Asia focuses on Japanese price and activity gauges, plus rate decisions in South Korea and the Philippines. Canada posts Q2 GDP to close the week. UK has a market holiday on Monday.
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The euro gained support from stronger business activity data, though recovery remains fragile as policy uncertainty lingers. The pound saw brief strength from upbeat UK services momentum, yet manufacturing weakness and U.S. data risks weigh on sentiment. The yen remains pressured by wide policy divergence, with dollar resilience keeping it under strain despite Japan’s cautious stance. Gold holds steady as traders await signals from U.S. policy, balancing inflation concerns with safe-haven demand amid global geopolitical tensions.
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The euro steadied as investors awaited central bank signals, while the pound struggled to hold gains after strong UK data. The yen drew support from softer trade flows, though policy uncertainty lingered. The kiwi weakened after the central bank cut its outlook, reflecting slower growth and labor challenges. Gold extended losses under dollar strength and easing geopolitical risks, though its safe-haven role keeps the chance of recovery alive if tensions or policy shifts reignite demand.
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The euro gained support from positive regional developments, while traders await U.S. housing data and central bank commentary that may shift sentiment. The pound faces pressure as fiscal and tax concerns weigh, though short-term moves still follow U.S. figures. The yen remains under strain near recent lows, influenced by cautious Bank of Japan policy and global negotiations, while the dollar stays firm. The Australian dollar reflects uncertainty, balancing resilient labor data with cautious central bank outlook, while the New Zealand dollar awaits the central bank decision where a rate cut is likely but forward guidance will shape direction. Gold holds near recent ranges as geopolitical risks and anticipation of Fed signals limit momentum, with investors weighing safe-haven demand against stronger dollar headwinds.
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The euro weakened as concerns over slowing growth and policy uncertainty weighed on sentiment, while the pound slipped amid mixed domestic data and cautious optimism around central bank moves. The yen held firm, supported by safe-haven demand but limited by the Bank of Japan’s reluctance to shift policy. The Australian dollar traded indecisively as labor strength clashed with softer inflation, while the kiwi faced pressure from weak fundamentals and expectations of easing. The Canadian dollar struggled as softer oil prices offset resilience in domestic data, leaving the pair vulnerable to Fed signals. Gold hovered near recent lows, balancing geopolitical risks with shifting expectations on monetary easing, with traders watching central bank guidance and global developments for direction.
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The highlight of this week is the Jackson Hole Economic Policy Symposium, running August 21–23, with highly anticipated speeches from Fed Chair Jerome Powell and other central bankers. Traders are watching closely for clues on future interest rate movements. Adding to the sentiment, the release of the U.S. Federal Reserve’s July meeting minutes is expected this week, offering deeper insight into internal policymaking.
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The euro weakened after soft growth data fueled expectations of ECB easing, while the pound gained on strong UK figures, supported by hopes of sustained recovery. The yen strengthened as softer US inflation and labor data boosted bets on Fed cuts, pressuring the dollar. Gold extended gains for a third day, lifted by falling yields and safe-haven demand as markets priced in September rate cuts, with geopolitical tensions adding further support to bullish sentiment.
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The euro gained as inflation data matched forecasts, supporting a steady ECB stance, while the pound rose on strong labor data and dollar weakness. The yen eased on reduced haven demand, with markets eyeing Fed guidance. Gold steadied near recent highs as softer US inflation bolstered expectations of a rate cut, though resistance levels capped gains.
