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US recap: UK, US CPI no friend to GBP or the dollar

BUZZ-COMMENT-US recap: UK, US CPI no friend to GBP or the dollar Aug 14 (Reuters) - The USD index slipped 0.02% to 102.57 near the NorAm session close, retracing almost all of its post-CPI losses, which sent the index down to 102.26 amid mixed, but mostly inline data. That CPI data did little to reverse dovish Fed expectations after Tuesday's PPI numbers which suggested inflation is indeed moving toward the Fed's 2% target.
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Dollar loses ground against euro as inflation data shows cooling

FOREX-Dollar loses ground against euro as inflation data shows cooling Updates as of 10:20 a.m. ET By Laura Matthews and Sruthi Shankar Aug 14 (Reuters) - The dollar lost ground against its major peers on Wednesday, helping the euro to an eight-month peak, as the U.S.consumer price index showed inflation is subsiding, reinforcing expectations that Federal Reserve interest rate cuts are near.
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FX options wrap - Risk premium, USD direction, EUR/USD targets

BUZZ-FX options wrap - Risk premium, USD direction, EUR/USD targets Overnight expiry FX option implied volatility in the higher beta USD pairings was trading its biggest pre-U.S. CPI premium this year. However, Wednesday's data was basically in line with expectations and didn't prompt the excessive volatility for which options were primed. Broader FX option implied volatility has eased as the CPI risk premium was priced out and as always, is more evident in sub-one-month expiry contracts.
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Dollar pares losses after US inflation data

FOREX-Dollar pares losses after US inflation data By Laura Matthews NEW YORK, Aug 14 (Reuters) - The U.S. dollar pared losses against a basket of currencies on Wednesday, after consumer price index data showed inflation is subsiding, doing little to support expectations of a large rate cut . The dollar index =USD , which tracks the U.S. currency against six major peers, was at 102 .59 , down 0.04%.
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Euro climbs to seven-month highs ahead of US inflation test

FOREX-Euro climbs to seven-month highs ahead of US inflation test Dollar on the backfoot Pound eases after inflation data Kiwi slides on rate cut Updated at 1127 GMT By Sruthi Shankar Aug 14 (Reuters) - The euro hit a seven-month peak against the dollar on Wednesday, as traders bet U.S. consumer prices data later in the day will keep the Federal Reserve on course to cut interest rates next month.
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Dollar pinned near one-week low as U.S. inflation test looms

FOREX-Dollar pinned near one-week low as U.S. inflation test looms Dollar on the backfoot Pound eases on softer-than-expected inflation data Kiwi slides after rate cut Updated at 0849 GMT By Kevin Buckland and Sruthi Shankar TOKYO, Aug 14 (Reuters) - The dollar hovered near a one-week low on Wednesday as traders bet U.S. consumer price data later in the day will keep the Federal Reserve on course to cut rates next month, while sterling eased after softer-than-expected inflation numbers.
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U.S. CPI warnings for FX as options trade 2024 highs

BUZZ-COMMENT-U.S. CPI warnings for FX as options trade 2024 highs Aug 14 (Reuters) - FX options for high beta currencies are trading their highest premiums for any U.S. CPI data so far in 2024, warning of the increased potential for the data to generate significant FX realised volatility. FX volatility is a key, yet unknown component of an FX option premium, so dealers use implied volatility as a stand-in.
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Dollar sags after benign US inflation data; kiwi skids on rate cut

FOREX-Dollar sags after benign US inflation data; kiwi skids on rate cut Updates prices as of 0315 GMT By Kevin Buckland TOKYO, Aug 14 (Reuters) - The dollar remained on the back foot on Wednesday after tumbling versus major peers overnight as a benign reading for U.S. producer prices reinforced bets on Federal Reserve interest rate cuts this year.
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New Zealand dollar skids as RBNZ cuts rates, flags more to come

New Zealand dollar skids as RBNZ cuts rates, flags more to come By Wayne Cole SYDNEY, Aug 14 (Reuters) - The New Zealand dollar slammed into reverse on Wednesday after the central bank cut interest rates a year earlier than its own projections and signalled a lot more to come, sending bond yields diving. The Reserve Bank of New Zealand (RBNZ) wrapped up its latest policy meeting by cutting the official cash rate (OCR) by 25 basis points to 5.25%, the first easing since early 2020. "With headline
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Dollar sags after benign US inflation data; kiwi slides on rate cut

FOREX-Dollar sags after benign US inflation data; kiwi slides on rate cut Updates prices as of 0206 GMT By Kevin Buckland TOKYO, Aug 14 (Reuters) - The dollar remained on the back foot on Wednesday after tumbling versus major peers overnight as a benign reading for U.S. producer prices reinforced bets on Federal Reserve interest rate cuts this year. New Zealand's dollar dropped sharply from a four-week high after the Reserve Bank of New Zealand reduced the key cash rate, surprising some market p
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Dollar droops after benign inflation data; kiwi firm before RBNZ decision

FOREX-Dollar droops after benign inflation data; kiwi firm before RBNZ decision By Kevin Buckland TOKYO, Aug 14 (Reuters) - The dollar remained on the back foot on Wednesday after tumbling versus major peers overnight as a benign reading for U.S. producer prices reinforced bets on Federal Reserve interest rate cuts this year. Risk-sensitive currencies stayed strong after the unexpected softening in inflation buoyed equities, even with crucial U.S.
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US recap: USD dips, risk rallies after PPI hints at lower Fed rate path

RPT-BUZZ-COMMENT-US recap: USD dips, risk rallies after PPI hints at lower Fed rate path Repeat with no changes Aug 13 (Reuters) - The USD index extended early NorAm weakness, falling 0.33% to 102.76 in afternoon trading, after the release of below forecast PPI data as both year-over-year and month-over-month core data came in below forecast. The cooler producer price data hints that Wednesday's consumer price read (CPI) may confirm that U.S.
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US recap: USD dips, risk rallies after PPI hints at lower Fed rate path

RPT-BUZZ-COMMENT-US recap: USD dips, risk rallies after PPI hints at lower Fed rate path Repeat with no changes Aug 13 (Reuters) - The USD index extended early NorAm weakness, falling 0.33% to 102.76 in afternoon trading, after the release of below forecast PPI data as both year-over-year and month-over-month core data came in below forecast. The cooler producer price data hints that Wednesday's consumer price read (CPI) may confirm that U.S.
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Asia Morning Call-Global Markets

UPDATE 1-Asia Morning Call-Global Markets Aug 14 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 7,826.80 +13.10 NZX 50** 12,319.06 +37.81 DJIA 39,765.64 +408.63 NIKKEI** 36,232.51 +1,207.51 Nasdaq 17,187.61 +407.00 FTSE** 8,235.23 +24.98 S&P 500 5,434.41 +90.02 Hang Seng** 17,174.06 +62.41 SPI 200 Fut 7,838 +68 STI** 3,258.57 +23.19 SSEC** 2,867.946 +9.7414 KOSPI** 2,621.5 +3.2 ---------------------------------------------------------------------------------------- Bonds
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Asia Morning Call-Global Markets

Asia Morning Call-Global Markets Aug 14 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 7,826.80 +13.10 NZX 50** 12,319.06 +37.81 DJIA 39,679.82 +322.81 NIKKEI** 36,232.51 +1,207.51 Nasdaq 17,141.49 +360.88 FTSE** 8,235.23 +24.98 S&P 500 5,421.19 +76.80 Hang Seng** 17,174.06 +62.41 SPI 200 Fut 7,811 +41 STI** 3,258.57 +23.19 SSEC** 2,867.946 +9.7414 KOSPI** 2,621.5 +3.2 ---------------------------------------------------------------------------------------- Bonds Bonds JP
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US recap: USD dips, risk rallies after PPI hints at lower Fed rate path

BUZZ-COMMENT-US recap: USD dips, risk rallies after PPI hints at lower Fed rate path Aug 13 (Reuters) - The USD index extended early NorAm weakness, falling 0.33% to 102.76 in afternoon trading, after the release of below forecast PPI data as both year-over-year and month-over-month core data came in below forecast. The cooler producer price data hints that Wednesday's consumer price read (CPI) may confirm that U.S.
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Yen remains weak, dollar slips as markets await US CPI data

FOREX-Yen remains weak, dollar slips as markets await US CPI data Updates as of 10:16 a.m. EDT By Laura Matthews and Harry Robertson NEW YORK/LONDON, Aug 13 (Reuters) - The yen remained weak for a second straight day on Tuesday and the dollar softened against the rest of its peers in calmer trading, as markets await U .S. inflation data that could indicate the outlook for Federal Reserve interest rate cuts.
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Yen slips in newfound calm while sterling climbs after jobs data

FOREX-Yen slips in newfound calm while sterling climbs after jobs data Updates prices at 1150 GMT By Harry Robertson LONDON, Aug 13 (Reuters) - The yen slipped for a second day on Tuesday as calmer trading conditions prevailed before U.S. inflation data, while the pound rose after figures showed the British unemployment rate unexpectedly fell in June.
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Yen slips in newfound calm while sterling climbs after jobs data

FOREX-Yen slips in newfound calm while sterling climbs after jobs data Updates at 0825 GMT By Harry Robertson LONDON, Aug 13 (Reuters) - The yen fell for a second day on Tuesday as calmer trading conditions prevailed before U.S. inflation data, while the pound rose after figures showed the British unemployment rate unexpectedly fell in June. Currency markets have been rocked by a sharp rally in the yen since July that has prompted - and been driven by - an unwinding of a highly popular investmen
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Dollar tenses for data verdict on rate cut risks

FOREX-Dollar tenses for data verdict on rate cut risks Updates at 0450 GMT By Wayne Cole SYDNEY, Aug 13 (Reuters) - The dollar was in limbo on Tuesday as investors waited to see how U.S. economic data affected the chance of outsized rate cuts, while a rally in Japanese stocks helped staunch the bleeding in yen carry trades. The greenback rose 0.33% to 147.72 yen JPY=EBS , having briefly touched a one-week high of 148.23 overnight before profit-taking emerged.
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