EUR/GBP climbs further beyond mid-0.8600s, BoE eyed for fresh impetus
EUR/GBP gained strong traction on Thursday and snapped three days of the losing streak. The
USD/JPY trades with modest gains around 109.30-35 region, lacks follow-through
The risk-on mood undermined the safe-haven JPY and assisted USD/JPY to gain some traction. The
USD/CNH now forecast to trade within 6.4650-6.5020 – UOB
FX Strategists at UOB Group now see USD/CNH navigating between 6.4650 and 6.5020 in the
GBP/USD consolidates in a range around 1.3900 mark ahead of BoE decision
GBP/USD struggled for a firm direction and oscillated in a range through the early European
USD/TRY: Off weekly highs, holds above 8.30 ahead of Turkish central bank decision
USD/TRY eases off weekly highs ahead of the key CBRT rate decision. The CBRT to
USD/CAD slides to the lowest since February 2018, around mid-1.2200s
A combination of factors dragged USD/CAD lower for the second straight session on Thursday. An
GBP/USD still seen within 1.3800 and 1.4000 – UOB
Cable is expected to navigate within the 1.3800-1.4000 range in the next weeks, noted FX
EUR/USD accelerates the downside momentum – UOB
In opinion of FX Strategists at UOB Group, EUR/USD risks further declines in the next
NZD/USD: Outlook remains mixed for the time being – UOB
UOB Group’s FX Strategists still see the outlook for NZD/USD tilted towards the neutral stance
USD/JPY still points to extra gains – UOB
USD/JPY still targets the 110.00 region in the short-term horizon, noted FX Strategists at UOB