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Dollar falls as data points to economic slowdown; sterling weak

The U.S. dollar fell in early European trade Friday after weak data fuelled fears of a sharp slowdown in the world's largest economy, potentially prompting the Federal Reserve to aggressively loosen monetary policy. Overnight, data showed U.S. manufacturing activity contracted at the fastest pace in eight months in July, while a gauge for employment fell sharply, raising the potential for a U.S. recession.

Asia FX muted, dollar steadies with nonfarm payrolls on tap

-- Most Asian currencies moved in a tight range on Friday as growing risk-aversion in global financial markets sparked some safe haven flows into the dollar, while markets awaited key nonfarm payrolls data for more cues.

RBA no longer expected to hike rates in 2024, but cuts also unlikely- Rabobank

-- The Reserve Bank of Australia is no longer expected to hike interest rates in 2024 following some signs of easing inflation in the second quarter, Rabobank analysts said, although chances of a rate cut remained slim.

Pound Falls After Bank of England Cuts Rates for First Time Since 2020

The British pound extended losses after the Bank of England cut interest rates for the first time in more than four years. The BOE lowered its benchmark rate by a quarter-percentage point to 5%, leaving the Federal Reserve among a dwindling number of central banks yet to cut.

Wall Street slips and FTSE closes in red despite UK interest rate cut

The FTSE 100 pushed higher after the Bank of England cut rates to 5% but gains eroded.

USD/JPY Forecast – US Dollar Bounces in The Early Thursday Hours

The USD/JPY is trying to recover after the massive selloff that we have seen against the Japanese yen. It has been a brutal drop, so it is possible that the market will continue to see a bit of short covering in the next day or two – except we also

AUD/USD Forecast – Aussie Dollar Continues to See Support Just Below Current Levels

The Aussie continues to see a lot of support in this area, and I think at this point in time, we are likely to see a lot of support – if for no other reason than the market has fallen so rapidly.

Italy: Fiscal Consolidation Needed as Foreign Investors' Share ff Bond Holdings Set to Rise

The proportion of Italian sovereign debt held by foreign investors, a less stable source of demand than the ECB and residents, is rising and will make Italy more susceptible to changes in market sentiment.

Bank of England cuts interest rates from 16-year high

Bank of England cuts interest rate to 5% in knife-edge decision.

Asia FX firms on rate cut bets, yen at 5-mth high on hawkish BOJ

-- Most Asian currencies strengthened on Thursday as the dollar dropped after the Federal Reserve signaled that an interest rate cut was close, while the Japanese yen hit a five-month high on hawkish signals from the Bank of Japan.

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