News
Important Only
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
Weak Indian rupee may blunt US tariff bite, say economists
By Nimesh Vora MUMBAI, Aug 5 (Reuters) - The Indian rupee's recent slide may help soften the blow from higher U.S. tariffs, economists said, with trade tensions between New Delhi and Washington intensifying under President Donald Trump.The rupee dropped to 87.8850 per U.S. dollar on Tuesday,...Reuters
Tue, Aug 5
FOREX-Dollar edges up vs euro and yen, but still close to Friday's lows
Traders boost bets on Fed easing moves extending through 2026Goldman Sachs expects Fed to deliver 3 consecutive rate cutsFed could harden its view to protect independence, analysts sayInvestors still concerned about the tariff impact By Stefano Rebaudo and Ankur Banerjee Aug 5 (Reuters) - The dol...Reuters
Tue, Aug 5
INDIA RUPEE-Indian rupee down; likely saved from all-time low by RBI intervention
By Dharamraj Dhutia MUMBAI, Aug 5 (Reuters) - The Indian rupee weakened on Tuesday as U.S.-India trade tensions escalated, though likely central bank intervention helped avert a slide to a record low.The currency INR=IN was at 87.8275 to the U.S. dollar at 1:15 p.m. IST, weaker than Monday's ...Reuters
Tue, Aug 5
GBP/JPY attracts some buyers to above 195.50 despite rising BoJ rate hike bets
The GBP/JPY cross attracts some buyers to around 195.60 during the early European trading hours on Tuesday. The Japanese Yen (JPY) edges lower against the Pound Sterling (GBP) amid risk-on sentiment and political uncertainty in Japan.
Fxstreet
Tue, Aug 5
USD/CAD remains below 1.3800 due to subdued Oil prices, US ISM Services PMI eyed
USD/CAD holds ground after two days of losses, trading around 1.3790 during the Asian hours on Tuesday. The pair moves little as the commodity-linked Canadian Dollar (CAD) struggles amid weaker crude Oil prices.
Fxstreet
Tue, Aug 5
COLUMN-Markets struggle to price smoke and mirrors: Mike Dolan
By Mike Dolan LONDON, Aug 5 (Reuters) - Just when financial markets appeared to be normalizing after this spring's tariff shocks, they've been sent another curve ball that will be fiendishly hard to price.Following news of huge downward revisions to U.S. May and June payrolls, President D...Reuters
Tue, Aug 5
FOREX-Dollar steady as rate cut odds rise, risk appetite returns
Traders now pricing in 94% chance of Fed rate cut in September Investors wary of tariff impact Yen steady after BOJ minutes hint at hike resumptionBy Ankur Banerjee and Gregor Stuart HunterSINGAPORE, Aug 5 (Reuters) - The dollar found its footing on Tuesday as traders weighed whether rising odds of ...Reuters
Tue, Aug 5
EUR/GBP ticks down to near 0.8700, BoE policy takes centre stage
The EUR/GBP pair edges lower to near the round level of 0.8700 during the late Asian trading session on Tuesday. The pair faces a slight selling pressure, while investors shift their focus to the Bank of England’s (BoE) monetary policy announcement on Thursday.Fxstreet
Tue, Aug 5
