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Canadian Dollar edges lower amid falling Oil, softer US jobs data
USD/CAD trades higher on Friday, rising 0.13% to near 1.4200 at the time of writing. The pair remains supported as persistent weakness in the Canadian Dollar (CAD) outweighs the pressure on the US Dollar (USD) following softer-than-expected US labor market data.
Fri, Jul 3
Euro consolidates against the British Pound after sliding to a one-year low
EUR/GBP trades in a narrow range on Friday, with the Euro (EUR) modestly outperforming the British Pound (GBP) as sellers take a breather following a four-day decline that dragged the cross to a one-year low.
Fri, Jul 3
European Central Bank: Reserve hike talk seen as cost move – Rabobank
Rabobank strategists Bas van Geffen and Lyn Graham-Taylor note that the European Central Bank (ECB) is reportedly considering raising the minimum reserve requirement from 1% to 2%, primarily as a cost-reduction measure.
Fri, Jul 3
Euro: Energy risks support ECB bias – MUFG
MUFG’s Derek Halpenny notes that EUR/USD could benefit from US Dollar weakness and a still-hawkish European Central Bank. Derek Halpenny highlights that LNG prices remain elevated versus pre-conflict levels, keeping Eurozone inflation risks higher.
Fri, Jul 3
South African Rand: ZAR gains as sukuk plans outlined – Societe Generale
Societe Generale strategists note that South Africa’s National Treasury will tap existing rand-denominated sukuk bonds as part of its current fiscal year funding plans, with issuance size and timing still unknown.
Fri, Jul 3
Aluminium: Gulf supply disruptions seen temporary – ING
ING analysts Warren Patterson and Ewa Manthey say LME Aluminium fell towards $3,000/t as markets unwound the geopolitical risk premium from earlier Middle East tensions.
Fri, Jul 3
Mexico Consumer Confidence s.a climbed from previous 43.5 to 43.8 in June
Mexico Consumer Confidence s.a climbed from previous 43.5 to 43.8 in June
Fri, Jul 3
Mexico Consumer Confidence rose from previous 43.1 to 43.8 in June
Mexico Consumer Confidence rose from previous 43.1 to 43.8 in June
Fri, Jul 3
Brazil Industrial Output (YoY) below forecasts (1.3%) in May: Actual (0.2%)
Brazil Industrial Output (YoY) below forecasts (1.3%) in May: Actual (0.2%)
Fri, Jul 3
Brazil Industrial Output (MoM) below forecasts (0.3%) in May: Actual (-0.2%)
Brazil Industrial Output (MoM) below forecasts (0.3%) in May: Actual (-0.2%)
Fri, Jul 3
Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows
Bitcoin (BTC) maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum (ETH) and Ripple (XRP) are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.
Fri, Jul 3
Gold extends gains as weak US NFP data dents Fed rate hike expectations
Gold (XAU/USD) extends gains on Friday as weaker-than-expected US Nonfarm Payrolls (NFP) data released on Thursday batters the US Dollar (USD) and cools expectations of an imminent Federal Reserve (Fed) interest rate hike.
Fri, Jul 3
EUR/USD Price Forecast: Euro stalls below 1.1475 despite US Dollar weakness
The Euro (EUR) trades higher for the second consecutive day on Friday, with the US Dollar (USD) on its back foot in the aftermath of the disappointing US Nonfarm Payrolls (NFP) report released on Thursday. The EUR/USD pair, however, is struggling to breach resistance at 1.1475 so far.
Fri, Jul 3
US Dollar: Services slowdown and labor signals – TD Securities
TD Securities strategists expect the ISM Services index to retreat in June after May’s gain, pointing to broad-based slowing in US activity and new orders while employment remains in contraction.
Fri, Jul 3
United States Dollar Index set for negative weekly close after weak jobs data
The US Dollar underperforms its major currency peers as traders reconsider hawkish Federal Reserve (Fed) interest rate expectations, following the release of the weak United States (US) Nonfarm Payrolls (NFP) data for June on Thursday.
Fri, Jul 3
Silver climbs above $62 on fading Fed rate hike expectations
Silver (XAG/USD) advances to $62.35 on Friday at the time of writing, up 2.32% on the day, as investors increase exposure to precious metals following the release of a weaker-than-expected US employment report.
Fri, Jul 3
Japanese Yen: Upside risks after sharp rebound against US Dollar – UOB
UOB’s Quek Ser Leang highlights that USD/JPY’s unexpected plunge to 160.62 has shifted the short-term bias lower, even as oversold conditions suggest scope for a rebound within 160.80–161.90 intraday.
Fri, Jul 3
India FX Reserves, USD dipped from previous $672.59B to $666.93B in June 22
India FX Reserves, USD dipped from previous $672.59B to $666.93B in June 22
Fri, Jul 3
Bitcoin Weekly Forecast: Quarter-end rebalancing might fuel BTC next bullish move
Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week.
Fri, Jul 3
Canadian Dollar: Labor stability favors BoC pause – Wells Fargo
Wells Fargo Economics sees Canada’s labor market as soft but stabilizing after a strong May rebound, with employment growth under 1% year over year and gains concentrated in full-time jobs.
Fri, Jul 3
