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CCY - CCY Delayed price. Currency in USD
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1.0896-0.0005 (-0.0436%)
As of 02:00AM BST. Market open.
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Previous close1.0900
Day's range1.0894 - 1.0902
52-week range1.0450 - 1.1276

    Dollar slips ahead of CPI release; pound gains after GDP strength

    The dollar inched lower Thursday, extending overnight losses after Federal Reserve Chair Jerome Powell reiterated his outlook for the U.S. economy achieving a soft landing. USD/CNY traded 0.1% lower to 7.2674, with the Chinese currency seeing some relief after underwhelming inflation data on Wednesday.


    Dollar steady ahead of Powell Mark II; euro looks to French politics

    The dollar traded in a tight range Wednesday in the wake of Powell’s initial testimony before Congress, with the Fed chair flagging the recent labor market cooling as an increasingly important factor in deciding when the U.S. central bank will start cutting interest rates. Powell also said a rate cut is not appropriate until the Fed gains "greater confidence" that inflation is headed toward the 2% target. Powell returns to Washington later Wednesday, and traders will be looking for more refinement in his comments ahead of Thursday’s vital consumer inflation data.


    Asia FX muted as dollar weakens; euro steady as leftists lead French elections Most Asian currencies moved little on Monday, while the dollar nursed steep losses amid growing expectations of interest rate cuts, while the Japanese yen firmed on data showing a pick-up in average wages.