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EUR/CHF slides to multi-month low as Euro struggles amid trade woes
The Euro (EUR) weakens for the fourth straight day against the Swiss Franc (CHF) on Thursday, pressured by concerns over the recently announced US-EU trade agreement, which investors perceive as one-sided and unfavorable for the European Union (EU).
Fxstreet
Thu, Jul 31
Ferragamo Exec says Forex effects, especially US Dollar and Chinese Yuan, are hurting group
July 31 (Reuters) - Salvatore Ferragamo SpA SFER.MI Executive Board Member Ernesto Greco says in post-results call:FERRAGAMO EXECUTIVE: STRATEGY REVISION LED BY INTERNAL MANAGEMENT OF COMPANY AND EXTERNAL CONSULTANTSFERRAGAMO EXECUTIVE: CURRENCIES, ESPECIALLY US DOLLAR AND CHINESE YUAN, ARE AGAINST ...Reuters
Thu, Jul 31
FOREX-U.S. dollar headed for first monthly gain of 2025 as trade deals lower uncertainty
BOJ revises up inflation forecasts; yen strengthens slightlyDollar buoyant with year's first monthly gain in sightFed reiterates patient approach on ratesSouth Korea to face 15% US tariffs, more trade deals awaitedBy Amanda Cooper and Chibuike Oguh NEW YORK/LONDON, July 31 (Reuters) - The dol...Reuters
Thu, Jul 31
South African central bank lowers inflation goal without minister's sign-off
Central bank wants lower inflation targetFinance minister yet to give formal approvalBank forges ahead anyway with latest announcementBy Kopano Gumbi, Sfundo Parakozov and Alexander Winning PRETORIA, July 31 (Reuters) - South Africa's central bank said on Thursday it would now aim for 3% inf...Reuters
Thu, Jul 31
GBP/USD slips as Fed pushes back on September cut, US data support Dollar
The GBP/USD posted moderate losses during the North American session on Thursday after the Federal Reserve (Fed) held rates on Wednesday and failed to provide forward guidance for the September meeting. This, along with solid US jobs data and an uptick in inflation, boosted the Dollar.
Fxstreet
Thu, Jul 31
Canada's GDP shrinks in May, could avoid contraction in second quarter
Economy shrinks 0.1% in May, likely expanded 0.1% in JuneMay GDP falls due to output drop in retail trade, miningQ2 GDP likely to be 0.1% on an annualized basis, StatsCan saysBut Bank of Canada sees GDP contracting annualized 1.5% in Q2By Promit MukherjeeOTTAWA, July 31 (Reuters) - Canada's Gros...Reuters
Thu, Jul 31
GigaMedia Q2 revenue up 20.4% y/y to $0.87 mln
OverviewGigaMedia Q2 revenue rises 20.4% yr/yr, reaching $0.87 mlnNet income for Q2 was $0.84 mln, improved from a net loss last quarterGross profit increased 32.5% yr/yr, reaching $0.48 mlnOutlookGigaMedia to boost productivity in second half of 2025Company pursuing strategic expansion and new busi...Reuters
Thu, Jul 31
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Thursday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0% lower at C$1.3832 to the greenback, or 72.3 U.S. cents, after trading in a range of 1.3814 to 1.3853.Canadian government 10-year bond yields CA10YT=RR fe...Reuters
Thu, Jul 31
USD/JPY approaches 150.00 after BoJ downplays October rate hike – Rabobank
For a brief period this morning, market commentators mused that the BoJ could announce the next rate hike of the cycle as soon as October. That conclusion was drawn from what appeared to be a slightly more hawkish then expected outcome to today’s BoJ policy meeting.
Fxstreet
Thu, Jul 31
FOREX-Dollar set for first monthly gain of 2025; yen choppy after BOJ
BOJ revises up inflation forecasts; yen strengthens slightlyDollar buoyant with year's first monthly gain in sightFed reiterates patient approach on ratesSouth Korea to face 15% US tariffs, more trade deals awaitedBy Amanda Cooper LONDON, July 31 (Reuters) - The dollar headed for its first mo...Reuters
Thu, Jul 31
CAD tumbles to fresh low on trade concerns ahead of August 1 – Scotiabank
The Canadian Dollar (CAD) is soft, trading at fresh lows and plumbing levels last seen in late May as market participants respond to risks related to trade and consider their implications for the BoC, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX StraFxstreet
Thu, Jul 31
