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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 Stra
Fxstreet
Thu, Jul 31
NZD/USD approaches 0.5885 lows on strong US Dollar, downbeat data from China
The New Zealand Dollar recovery attempt against its US counterpart was capped at the 0.5940 area earlier today, and the pair has given away gains during Thursday’s European session, retreating to levels right above multi-month lows, at 0.5885.
Fxstreet
Thu, Jul 31
CAD tumbles on trade concerns as markets digest Fed/BoC risk – Scotiabank
G10 currencies are mixed as we head into Thursday’s NA session, with no clear unifying theme as markets respond to a heavy overnight schedule of data and central bank risk events, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Thu, Jul 31
EUR outperforming with modest gain as spreads remain supportive – Scotiabank
The Euro (EUR) is up a modest 0.3% against the US Dollar (USD) and outperforming most of the G10 currencies as we head into Thursday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Thu, Jul 31
Russian rouble rebounds vs dollar after fall on Trump's sanctions threats
MOSCOW, July 31 (Reuters) - The Russian rouble rose against the dollar on Thursday, regaining some of the ground it had lost after U.S. President Donald Trump's threat to impose new sanctions if there is no progress from the Russian side on a peaceful settlement in Ukraine. The rouble strengthen...Reuters
Thu, Jul 31
Trump again slams Fed chair Powell after rates hold
WASHINGTON, July 31 (Reuters) - U.S. President Donald Trump again criticised Federal Reserve Chairman Jerome Powell on Thursday, a day after the U.S. central bank held interest rates steady in a 9-2 vote. "Jerome “Too Late” Powell has done it again!!! He is TOO LATE," Trump wrote in a post o...Reuters
Thu, Jul 31
BMW sticks with guidance despite profit drop, Trump tariffs
BMW's U.S. presence mitigates tariff impactPre-tax earnings hit by China woesEBIT margin in auto segment on targetBy Rachel More and Christina Amann BERLIN, July 31 (Reuters) - Germany's BMW BMWG.DE maintained its full-year guidance on Thursday despite U.S. tariffs and quarterly earnings ...Reuters
Thu, Jul 31
Pound heads for worst month since 2022 budget crisis
By Amanda Cooper LONDON, July 31 (Reuters) - The pound headed towards its largest monthly loss against the dollar since September 2022 on Thursday, reflecting growing confidence among investors in the outlook for the U.S. economy and increasing pessimism over the British one. Sterling GBP=D3 w...Reuters
Thu, Jul 31
AUD/USD strives to hold 0.6430, investors shift focus to US NFP
The AUD/USD pair attempts to hold the immediate support level of 0.6430 during the European trading session on Thursday. The Aussie pair attracts slight bids on upbeat Australian Retail Sales data for June, released earlier in the day.
Fxstreet
Thu, Jul 31
NZD/USD: Chance for NZD to test 0.5885 before stabilization – UOB Group
There is a chance for NZD to test 0.5885 before stabilization can be expected; the next major support at 0.5845 is unlikely to come into view. In the longer run, NZD is expected to decline further to 0.5885, potentially reaching 0.5845, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Jul 31
Dollar's surprise rebound stymies anti-Trump trades
Retreat from US assets slows on tariff deals, GDPBig "dollar short" peaked two weeks ago - BofA 'Rest of the world trade' follows bets against the dollarFurther U.S. rebound would weigh on Europe, Asia, EM By Naomi Rovnick LONDON, July 31 (Reuters) - Investors' conviction that...Reuters
Thu, Jul 31
USD/JPY rallies further, nears 150.00 on the aftermath of BoJ’s decision
The US Dollar keeps marching higher against a vulnerable Japanese Yen on Thursday as the Bank of Japan’s Governour, Kazuo Ueda, cooled hopes of immediate rate hikes, following the bank’s monetary policy decision.The BoJ maintained its key interest rate at 0.5%, as widely expected, and Ueda reiterateFxstreet
Thu, Jul 31
INDIA RUPEE-Rupee suffers worst monthly drop since 2022 on tariff blow, portfolio outflows
By Ashwin Manikandan MUMBAI, July 31 (Reuters) - The Indian rupee suffered its worst monthly drop in nearly three years on Thursday, weighed down by U.S. tariff concerns and persistent portfolio outflows, with traders and analysts seeing little relief for the currency in the near term. The rupee...Reuters
Thu, Jul 31
RPT-ANALYSIS-Fed's reticence on rate cuts forces market to rethink outlook
Traders back away from bets on interest rate cut in SeptemberTreasury yields and the dollar rise, while stocks retreatPositioning ahead of Fed decision may have amplified bond reactionInvestors warn against reading too much into one-day market reactionBy Saqib Iqbal Ahmed and Davide Barbuscia NEW...Reuters
Thu, Jul 31
RPT-COLUMN-US-China trade war could push ECB to continue easing: Mike Dolan
By Mike Dolan LONDON, July 31 (Reuters) - The impact of U.S. tariffs on world trade flows will reverberate in numerous ways for years to come, but a potential re-routing of Chinese exports to Europe could slow inflation there and heap pressure on the ECB for further monetary easing.The European C...Reuters
Thu, Jul 31
Japanese Yen weakens as BoJ's Ueda signals patience in policy normalization – TDS
The Japanese Yen (JPY) weakened after BoJ Governor Ueda struck a dovish tone, signaling patience in policy normalization and suggesting officials are comfortable with the currency’s current softness, even as global markets brace for a potential USD/JPY retest of March highs, TDS' Macro Strategist AlFxstreet
Thu, Jul 31
Avolta's first-half turnover rises 5.7% on strong travel spending
By Anastasiia Kozlova July 31 (Reuters) - Swiss travel and F&B retailer Avolta AVOL.S on Thursday reported a 5.7% organic rise in first-half turnover, driven by higher passenger traffic and increased spending per traveller despite currency headwinds.The company, which runs shops at airports, ...Reuters
Thu, Jul 31
