Euro showed little reaction to the European Central Bank interest rate decision as policy makers held the benchmark interest rate at 1.00% in September, but the slew of data scheduled for the U.S. trade is likely to stoke increased volatility in the exchange rate as investors weigh the outlook for future growth.

Talking Points

* Japanese Yen: Gains Ground Against Most Counterparts
* Pound: Manufacturing Expands at Slower Pace
* Euro: 2Q Growth...

Australian Dollar Soars as Q2 GDP, Chinese PMI Top Expectations

The Australian Dollar surged against all of its major counterparts after second-quarter Gross Domestic Product figures showed the economy added 1.2 percent in the three months through June, topping economists’ forecasts calling for a 0.9 percent increase and marking the largest increase in three years.

The currency was already on its way higher ahead of the GDP report after Chinese Manufacturing PMI figures...

US Dollar Direction Could Be Decided on Nonfarm Payrolls Report

Euro’s Attempt at a Recovery Rides on the Dollar, Investor Confidence

Japanese Yen at the Crossroads as the BoJ Discusses Intervention

British Pound Looks To Manufacturing Data For Support

Canadian Dollar Has Little to Look Forward to in GDP Release

Australian Dollar Outlook Weighed By Interest Rate Expectations

New Zealand Dollar at Clear Risk Ahead of US Labor Data...

Things could certainly heat up in the final sessions of trade for the week, with the market having consolidated over the past few days and now seemingly ready for some form of a breakout on the last trading day of the month.

FUNDYS

Things could certainly heat up in the final sessions of trade for the week, with the market having consolidated over the past few days and now seemingly ready for some form of a breakout on the last trading day of the month. The summer is...

A rebound in risk sentiment pushed the euro higher for the second day, with the exchange rate advancing to a high of 1.2745 during the overnight trade, but the lack of momentum to retrace the decline from the previous week is likely to keep the EUR/USD within a narrow range throughout the day as price action continues to hold below the 50-Day SMA at 1.2757.

Talking Points

* Japanese Yen: Weakens Against Most of the Majors
* Pound: Retail Spending Improves...