News
Important Only
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
DHL Q2 profit beats expectations on cost discipline
Aug 5 (Reuters) - German logistics giant DHL DHLn.DE reported higher than expected second-quarter operating profit on Tuesday, as strict cost discipline helped to overcome currency headwinds and slower trade volumes momentum.The company posted a quarterly earnings before interest and tax (EBIT) of 1...Reuters
Tue, Aug 5
AUD/JPY Price Forecast: Bears await acceptance below 95.00; 200-day SMA breakdown in play
The AUD/JPY cross struggles to capitalize on its modest Asian session uptick and languishes near the 95.00 psychological mark, close to a nearly four-week low touched the previous day. Moreover, the technical setup suggests that the path of least resistance for spot prices is to the downside.
Fxstreet
Tue, Aug 5
USD/INR opens gap up as Trump threatens higher tariffs on India again
The Indian Rupee (INR) opens on a gap-down note against the US Dollar (USD) on Tuesday, sending the USD/INR pair to its all-time high of around 88.25. The Indian currency faces intense selling pressure as trade tensions between India and the United States (US) have escalated.Fxstreet
Tue, Aug 5
GBP/USD holds steady above 1.3250 as investors brace for US ISM Services PMI release
The GBP/USD pair trades on a flat note near 1.3280 during the Asian trading hours on Tuesday. Nonetheless, rising odds of Federal Reserve (Fed) rate cuts could weigh on the US Dollar (USD) against the Cable.
Fxstreet
Tue, Aug 5
Australia dollar slips on rate burden, kiwi braces for jobs data
SYDNEY, Aug 5 (Reuters) - The Australian dollar slipped on Tuesday as soft local data underscored market wagers for a rate cut next week, while the kiwi braced for a jobs report that may highlight the weakness in the economy. Data from ANZ and employment website Indeed showed the Australian job ads ...Reuters
Tue, Aug 5
EUR/USD inches lower to near 1.1550 ahead of HCOB PMI data from Eurozone, Germany
EUR/USD extends its losses for the second consecutive day, trading around 1.1560 during the Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) gains ground following traders’ caution, driven by the latest global trade developments and shifting expectations for monetary policy.
Fxstreet
Tue, Aug 5
Japanese Yen surrenders intraday gains; USD/JPY retakes 147.00 amid modest USD uptick
The Japanese Yen (JPY) touched a nearly two-week high against its American counterpart following the release of the June Bank of Japan (BoJ) meeting Minutes, which reaffirmed bets for an imminent interest rate hike by the year-end.
Fxstreet
Tue, Aug 5
Some in BOJ saw scope to hike rates if trade friction eases, June minutes show
TOKYO, Aug 5 (Reuters) - Some Bank of Japan policymakers saw scope to resume interest rate increases once trade friction caused by U.S. tariffs eased, minutes of the bank's June meeting showed, a sign Tokyo's recent trade deal with Washington cleared a key hurdle for more hikes.Reuters
Tue, Aug 5
NZD/USD remains weak near 0.5900 despite upbeat Chinese Services PMI data
The NZD/USD pair trades in negative territory near 0.5900 during the Asian trading hours on Tuesday. The New Zealand Dollar (NZD) remains weak against the US Dollar (USD) despite the upbeat Chinese economic data.
Fxstreet
Tue, Aug 5
FOREX-Dollar weakens as rate cut odds rise, tariff uncertainties linger
Traders now pricing in 94% chance of a rate cut in September Investors wary of tariff impact Yen firms after BOJ minutes signal rate hike resumptionBy Ankur Banerjee and Gregor Stuart HunterSINGAPORE, Aug 5 (Reuters) - The U.S. dollar wavered on Tuesday as the rising odds of Federal Reserve rate cut...Reuters
Tue, Aug 5
Some in BOJ saw scope to resume rate hikes if trade friction eases, June minutes show
TOKYO, Aug 5 (Reuters) - A few Bank of Japan board members said the central bank would consider resuming interest rate increases if trade friction de-escalates, minutes of its June policy meeting showed on Tuesday."Given high uncertainties, the BOJ would likely pause rate hikes for the time bein...Reuters
Tue, Aug 5
USD/CAD trades with mild losses below 1.3800 ahead of US ISM Services PMI data
The USD/CAD pair trades with mild losses around 1.3775 during the early Asian session on Tuesday. Weaker-than-expected US July employment data and the resignation of a Federal Reserve Governor weigh on the US Dollar (USD) against the Canadian Dollar (CAD).
Fxstreet
Mon, Aug 4
RPT-ANALYSIS-Korea, US prepare for summit with details of trade deal unresolved
S.Korea scrambled for deal after Japan-U.S. pact, adviser saysSeoul, U.S. differ on distribution of profit from investments South Korea calls U.S. claims on trade deal 'political rhetoric' Seoul denies plan to open up rice marketSummit to take up defence costs, investments left out of deal ...Reuters
Mon, Aug 4
EUR/USD flatlines after Friday’s surge as Fed dovish bets build, Eurozone sentiment sours
The EUR/USD stagnates during Monday’s session, virtually unchanged, after Friday’s rally of over 1.52% following a worse-than-expected Nonfarm Payrolls report, which triggered a ramp-up of expectations for a Federal Reserve rate cut at the September meeting.Fxstreet
Mon, Aug 4
Australian Dollar holds steady heading into Tuesday
The Australian Dollar (AUD) held steady on Monday, holding onto last week’s late gains against the US Dollar (USD). AUD/USD kept a tight grip on the 0.6470 region, keeping the pair locked in against the 200-day Exponential Moving Average (EMA).
Fxstreet
Mon, Aug 4
