Dovish Fed expectations pressure dollar

The euro traded on the front foot against the US dollar on Wednesday, as the greenback remains under sustained selling pressure amid dovish Federal Reserve expectations, while traders digest the latest US

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Yen intervention looming

The Japanese yen is showing the weakest performance of the G8 currencies on Wednesday, which is supporting the USDJPY currency pair to trim previous losses and return to levels near 156.50. Heightened

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BoE rate cut speculation drags sterling

The EURGBP currency cross flat lines near 0.8810 during the early European session on Tuesday. Nonetheless, recent weak UK gross domestic product (GDP) data has pressured the Bank of England to potentially

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Euro under pressure on risk aversion

The EURUSD currency pair remains practically flat on Wednesday, hovering below the 1.1500 level and trading near 1.1480. A risk-averse sentiment, amid sharp sell-offs in equities around the world, is underpinning demand

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