NZD/USD continues to move sideways above 0.7100 ahead of US inflation data
NZD/USD continues to fluctuate in a narrow range on Tuesday. US Dollar Index stays flat
EUR/USD gathers traction near 1.1830, US CPI in sight
EUR/USD extends the rebound from Monday’s lows around 1.1770. Final Spanish CPI rose 0.5% MoM,
EUR/USD risks further losses while below 1.1850 – UOB
FX Strategists at UOB Group suggested EUR/USD could slip back below 1.1770 as long as
NZD/USD: No changes to the consolidative theme – UOB
NZD/USD still seen navigating within the 0.7040-0.7160 range in the next weeks, noted FX Strategists
GBP/USD could still test 1.3890 – UOB
In opinion of FX Strategists at UOB Group, Cable is still seen attempting a move
USD/JPY: Upside momentum loses traction – UOB
UOB Group’s FX Strategists noted USD/JPY moved once again into a consolidative phase. Key Quotes
BoE’s Hauser: Unwinding QE will become an integral part of future tightening
The Bank of England’s (BoE) executive director for markets, Andrew Hauser, crossed the wires in
USD/JPY upside momentum loses traction – UOB
UOB Group’s FX Strategists noted that USD/JPY still faces some consolidation within the 109.30/110.55 range
EUR/USD risks a deeper pullback on a close below 1.1770 – UOB
In opinion of FX Strategists at UOB Group, EUR/USD risks extra losses if 1.1770 is
GBP/USD could still test the 1.3890 level near-term – UOB
Cable still targets the 1.3890 level as long as it does not break below 1.3760,