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USD/CAD remains below 1.3750 due dovish Fedspeaks, US Initial Jobless Claims eyed
USD/CAD extends its losing streak for the fifth successive day, trading around 1.3740 during the European hours on Thursday. The pair depreciates as the US Dollar (USD) extends its gains ahead of the US weekly Initial Jobless Claims release due later in the North American session.
Fxstreet
Thu, Aug 7
Japan cuts growth forecast on US tariffs drag, weaker consumption
By Makiko Yamazaki TOKYO, Aug 7 (Reuters) - Japan's government cut its growth forecast for this fiscal year on Thursday as U.S. tariffs slow capital expenditure and persistent inflation weighs on private consumption, threatening a fragile economic recovery.In revised estimates presented at a ...Reuters
Thu, Aug 7
German industrial output lowest since pandemic, exports exceed forecasts
Aug 7 (Reuters) - Germany's industrial output fell in June to its lowest level since the pandemic in 2020, extending last year's declines amid weakening foreign demand and increasing competition from China, while exports rose more than expected, data showed on Thursday.Reuters
Thu, Aug 7
SCENARIOS-India-US tariff standoff: What are New Delhi's options and risks?
NEW DELHI, Aug 7 (Reuters) - India is likely to be among the countries worst hit by U.S. President Donald Trump's trade offensive, with tariffs on Indian imports set to surge to 50% if a deal is not struck in three weeks.Below are various options for India to deal with the crisis. NEGOTIATE ...Reuters
Thu, Aug 7
REFILE-POLL-Chinese bank lending likely plunged in July as seasonal factors outweigh policy support
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=CNMSM2%3DECI money supply poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=CNNYL%3DECI new loans poll dataNew loans seen at 300 bln yuan in July vs 2.24 trln yuan in JuneM2 growth seen at 8.2%...Reuters
Thu, Aug 7
WRAPUP 2-China's exports top forecasts as shippers rush to meet tariff deadline
July exports +7.2% y/y vs +5.4% in Reuters pollImports +4.1% y/y vs forecast -1.0% in pollChina faces August 12 deadline to reach trade deal with U.S. By Joe Cash BEIJING, Aug 7 (Reuters) - China's exports beat forecasts in July, as manufacturers made the most of a fragile tariff truce betwee...Reuters
Thu, Aug 7
German industrial output falls in June
Aug 7 (Reuters) - German industrial production fell in June by 1.9% compared with the previous month, the federal statistics office said on Thursday.Analysts polled by Reuters had predicted a 0.5% fall.The office offers more detailed data on its website.Reuters
Thu, Aug 7
