News
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AUD/USD falls slightly as US Dollar trades steadily ahead of US Services PMI
The AUD/USD pair edges lower to near 0.6450 during the European trading session on Tuesday. The Aussie pair ticks down as the US Dollar (USD) gains ground, following the soft United States (US) Nonfarm Payrolls (NFP)-driven sell-off.
Fxstreet
Tue, Aug 5
AUD/USD: Likely to trade in a sideways range between 0.6455 and 0.6495 – UOB Group
Australian Dollar (AUD) is likely to trade in a sideways range between 0.6455 and 0.6495. In the longer run, downward momentum is slowing; a breach of 0.6520 would indicate that AUD is not breaking below 0.6405, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Aug 5
Edgewell misses Q3 sales, adjusted EPS expectations
OverviewEdgewell Q3 fiscal net sales down 3.2%, missing analysts' expectationsAdjusted EPS for Q3 fiscal 2025 misses consensus, per LSEG dataCo cites weak Sun Care season, currency impacts for performanceOutlookEdgewell expects organic net sales to decrease 1.3% in fiscal 2025Company projects GA...Reuters
Tue, Aug 5
Russia will still prop up rouble in August as Trump deadline looms
MOSCOW, Aug 5 (Reuters) - Russia will continue to support the rouble with net sales of foreign currency, according to new figures from the Finance Ministry released on Tuesday, ahead of U.S. President Donald Trump's deadline to show progress towards peace in Ukraine. The Finance Ministry sai...Reuters
Tue, Aug 5
EMERGING MARKETS-FX steady, stocks gain on hopes of near-term Fed rate cuts
Traders bet on September Fed rate cut, stocks soarTrump threatens to raise tariffs on India againMSCI EM FX down 0.2%, stocks add 0.6%By Purvi Agarwal Aug 5 (Reuters) - Most emerging market currencies were subdued on Tuesday, while stocks gained ground on hopes that the U.S. Federal Reserve will ...Reuters
Tue, Aug 5
Sterling firms against dollar as markets look to BoE rate guidance
By Stefano Rebaudo (Reuters) - Sterling edged higher against the dollar and fell versus the euro on Tuesday, as traders expect the Bank of England to maintain its rate guidance at this week’s policy meeting.The BoE is widely expected to cut its key interest rate to 4% from 4.25% on Thursday and t...Reuters
Tue, Aug 5
GBP/USD: Likely to trade in a range between 1.3260 and 1.3330 – UOB Group
Pound Sterling (GBP) is likely to trade in a range between 1.3260 and 1.3330 against US Dollar (USD). In the longer run, the likelihood of GBP breaking clearly below 1.3140 has diminished considerably, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Aug 5
DHL Q2 profit beats expectations, reaffirms 2025 outlook
By Anastasiia Kozlova and Matthias Inverardi Aug 5 (Reuters) - German logistics giant DHL DHLn.DE on Tuesday reported a better-than-expected rise in second-quarter operating profit and reaffirmed its 2025 profit guidance despite persisting macroeconomic headwinds. The second quarter was highly...Reuters
Tue, Aug 5
EUR/JPY Price Forecast: Treads water above 170.00, near five-week lows
EUR/JPY attempts to halt its two-day losing streak, trading around 170.20 during the European hours on Tuesday. The bearish bias is strengthening as the technical analysis of the daily chart shows that the currency cross remains within the descending channel pattern.
Fxstreet
Tue, Aug 5
Russian finance ministry to cut forex sales to 0.3 bln roubles a day from August 7
MOSCOW, Aug 5 (Reuters) - The Russian Finance Ministry said on Tuesday it will cut its foreign currency sales to 0.3 billion roubles ($3.75 million) a day from August 7 to September 4, down from 0.82 billion roubles previously.The ministry said it will sell 6.2 billion roubles of foreign currency d...Reuters
Tue, Aug 5
USD/CHF moves above 0.8100 as US Dollar strengthens ahead of ISM PMI release
USD/CHF continues to gain ground for the second successive session, trading around 0.8110 during the European hours on Tuesday. The pair remains stronger as the US Dollar (USD) advances ahead of the release of US ISM Purchasing Managers Index (PMI) data due later in the day.
Fxstreet
Tue, Aug 5
EUR/GBP extends losses below 0.8700 with BoE interest rates coming into view
The Euro trades lower for the second consecutive day on Tuesday, exploring levels sub-0.8700 as the Pound trims some losses, with investors shifting their gaze to the Bank of England’s monetary policy decision, due next Thursday.
Fxstreet
Tue, Aug 5
