Analysis

Scope for the Euro (EUR) to test 1.0995 before the risk of recovery increases.

The GBP/USD pair builds on the overnight modest bounce from the 1.3050-1.3045 region, or over a three-week trough and gains some follow-through positive traction for the second successive day on Wednesday.

The EUR/USD retreated on Tuesday after the latest inflation report in Germany, which increased the likelihood of another interest rate cut by the European Central Bank (ECB).

EUR/USD struggles to gain ground near its weekly low of 1.1030 in Tuesday’s European session.

GBP/JPY maintains its position above 187.00 during the Asian hours on Tuesday.

The EUR/USD pair recovers a few pips from a one-week low, around the 1.1030-1.1025 area touched during the Asian session on Tuesday and for now, seems to have snapped a two-day losing streak.

Investing.com-- Most Asian currencies moved little on Tuesday, while the dollar crept higher in anticipation of key inflation data that is likely to factor into the outlook for U.S. interest rates. Most regional currencies were nursing some losses over the past week as risk appetite was battered by

The Euro registered losses of 0.44% on Monday as the shared currency extended its fall after clearing the 1.1100 support level.

The USD/CAD pair struggles to capitalize on Friday's strong intraday rally of over 100 pips and trades with a mild negative bias around mid-1.3500s during the Asian session on Monday.

USD/JPY halts its four-day losing streak, trading around 142.90 during the Asian session on Monday.

The Australian Dollar (AUD) recovers its recent losses against the US Dollar (USD) due to the hawkish sentiment surrounding the Reserve Bank of Australia (RBA).

The GBP/USD pair attracts some dip-buying during the Asian session on Monday and climbs back closer to mid-1.3100s in the last hour, though a combination of factors might cap any further gains.

DXY drifts lower for the third successive day and drops to over a one-week low on Friday.

Japan equities were lower at the close on Friday, as losses in the Precision Instruments, Mining and Chemical, Petroleum&Plastic sectors propelled shares lower.

The GBP/USD pair trades in positive territory for the third consecutive day around 1.3180 on Friday during the Asian trading hours. Investors see a roughly one-in-four chance that the BoE will cut rates in the September meeting. 

US Dollar weakened on Thursday after mixed US economic data.

The GBP/JPY cross trades in negative territory for the third consecutive day near 188.15 during the early European session on Thursday.

Japan equities were lower at the close on Thursday, as losses in the Precision Instruments, Mining and Chemical, Petroleum&Plastic sectors propelled shares lower.

The GBP/USD pair trades with a positive bias around mid-1.3100s during the Asian session on Thursday, albeit it lacks strong follow-through buying and remains below the weekly top touched the previous day.

EUR/USD inches lower to near 1.1070 during the Asian session on Thursday. The downside of the EUR/USD pair could be attributed to improved US Dollar (USD) amid rising US Treasury yields.