News
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Silver Price Forecast: XAG/USD returns above $37.00 with the bearish trend intact
Silver (XAG/USD) is drawing support from a depressed US Dollar and the recent decline in US Treasury yields to regain the $37.00 level, but the immediate trend remains bearish with the recent trend of lower highs and lower lows still intact.The precious metal bounced up from multi-week lows at $36.2
Fxstreet
Mon, Aug 4
INDIA RUPEE-Rupee extends slide on foreign outflows, dollar demand from oil firms
By Ashwin ManikandanMUMBAI, Aug 4 (Reuters) - The Indian rupee extended its decline against the U.S. dollar on Monday, pressured by persistent foreign outflows and sustained dollar demand from importers, particularly state-run oil companies, traders and analysts said.The rupee INR=IN closed at 87.65...Reuters
Mon, Aug 4
USD/JPY recovery remains limited below 148.00 with hopes of Fed cuts weighing
The US Dollar is posting moderate gains against the Japanese Yen on Monday, but remains limited below the 148.00 levels, and far below Friday’s highs near 151.00. Higher bets that the Fed will cut rates further in the next months are weighing on the US Dollar’s recovery.
Fxstreet
Mon, Aug 4
South Africa outlines support measures in response to US tariffs
By Nellie Peyton JOHANNESBURG, Aug 4 (Reuters) - South Africa on Monday outlined support measures for local companies that will be hit by a 30% U.S. tariff this week, including exemptions from some competition rules and financial support facilities.It also dismissed speculation that its failure t...Reuters
Mon, Aug 4
Sterling advances against dollar, euro ahead of BoE policy announcement
By Samuel Indyk LONDON, Aug 4 (Reuters) - The British pound climbed against the dollar on Monday, adding to gains from Friday as the U.S. currency dropped following a weak U.S. jobs report, with the focus on the Bank of England's impending policy announcement later this week. The pound was la...Reuters
Mon, Aug 4
RPT-COLUMN-Brexit's parallels with Trump tariffs tell a tale: Mike Dolan
By Mike DolanLONDON, Aug 4 (Reuters) - In figuring out why the U.S. tariff shock hasn't sent the economy or financial world into a tailspin, Britain's exit from the European Union trade bloc provides something of a playbook - and without a particularly happy ending.Aside from vast difference...Reuters
Mon, Aug 4
EUR/USD: Chance for EUR to test 1.1625 – UOB Group
Sharp rally appears excessive, but there is a chance for Euro (EUR) to test 1.1625 against US Dollar (USD). In the longer run, for the time being, EUR is likely to trade in a range between 1.1435 and 1.1660, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Mon, Aug 4
EMERGING MARKETS-FX, stocks recover after weak US labor data boost rate cut bets
South Africa working to ease likely job losses from US tariffs Markets raise bets on September Fed rate cut MSCI EM FX up 0.4%, stocks add 0.7%By Purvi Agarwal Aug 4 (Reuters) - Most emerging market currencies and stocks were higher on Monday, bouncing back from last week's declines amid incr...Reuters
Mon, Aug 4
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
RPT-FOREX-Dollar steadies after US jobs rout, Swiss franc lower
Dollar rebounds slightly after Friday's slideWeak jobs data, uncertainty over Fed independence undermine US economyInvestors pricing in almost 90% chance of September Fed cutBy Samuel Indyk and Rae Wee LONDON, Aug 4 (Reuters) - The U.S. dollar found some support on Monday after Friday's d...Reuters
Mon, Aug 4
FOREX-Dollar steadies after US jobs rout, Swiss franc lower
Dollar rebounds slightly after Friday's slideWeak jobs data, uncertainty over Fed independence undermine US economyInvestors pricing in almost 90% chance of September Fed cutBy Samuel Indyk and Rae Wee LONDON, Aug 4 (Reuters) - The U.S. dollar found some support on Monday after Friday's d...Reuters
Mon, Aug 4
South Africa on U.S. tariffs: we pose no trade threat to the U.S.
JOHANNESBURG, Aug 4 (Reuters) - South Africa poses no trade threat to the U.S. economy nor its national security, its government said on Monday, days before a steep U.S. tariff is due to take effect.Africa's biggest economy faces a 30% tariff on its exports to the U.S. starting this week, a move...Reuters
Mon, Aug 4
NZD/USD recovery stalls below 0.5925 as the US Dollar picks up from lows
The New Zealand Dollar treads water above 0.5900 on Monday’s early European session as the market sobers up to the weak US employment figures seen on Friday, and the US Dollar and US Treasury yields pick up from Friday’s lows.
Fxstreet
Mon, Aug 4
