News
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NZD/USD gains ground to near 0.5900 ahead of Chinese PMI releases
The NZD/USD pair gathers strength to around 0.5900, snapping the five-day losing streak during the early Asian session on Thursday. The US Dollar (NZD) weakens against the New Zealand Dollar (NZD) after the Federal Reserve (Fed) decided to keep rates unchanged.
Fxstreet
Wed, Jul 30
GBP/USD extends losses after Fed trims rate cut expectations
GBP/USD sank for a fifth straight session on Wednesday, falling as the US Dollar (USD) catches a broad-market bid after the Federal Reserve (Fed) held rates steady and stuck to its stubborn wait-and-see stance, trimming hopes for a September rate cut.
Fxstreet
Wed, Jul 30
Canada's Exco Technologies Q3 sales misses estimates
OverviewExco fiscal Q3 sales decline 4% yr/yr, missing analyst expectations, per LSEG dataNet income for fiscal Q3 falls 34% yr/yr, reflecting challenging market conditionsCompany generated strong free cash flow, maintaining robust balance sheetOutlookExco previously withdrew fiscal 2026 revenue, EB...Reuters
Wed, Jul 30
Align Technology Q2 revenue drops more than expected, to cut jobs and streamline operations
OverviewAlign Q2 2025 revenue down 1.6% yr/yr, missing analyst expectationsAdjusted EPS for Q2 2025 misses consensus, reflecting challenges in Clear Aligner salesCompany plans to streamline operations and reduce workforce, incurring one-time charges of $150 mln to $170 mlnOutlookAlign expects Q3 rev...Reuters
Wed, Jul 30
Dental implants maker ZimVie's Q2 sales beat estimates
OverviewZimVie Q2 sales of $116.7 mln beat analyst expectations, per LSEG dataAdjusted EPS of $0.26 beats analyst estimates, per LSEG dataCo had previously agreed to be acquired by ARCHIMED for $19.00 per share in cashOutlookZimVie withdraws fiscal 2025 guidance due to pending acquisitionTransaction...Reuters
Wed, Jul 30
USD/JPY soars to 3-month high as Powell dials down September cut bets
The USD/JPY rallies over 0.60% after the Federal Reserve held interest rates unchanged and as Fed Chair Jerome Powell, turned slightly hawkish and muted for a September rate cut. The pair trades at 149.38, refreshing three-month highs.
Fxstreet
Wed, Jul 30
FOREX-Dollar gains against peers after Fed leaves rates unchanged
Fed leaves rates unchanged, with two governors dissentingEuro on track for first monthly drop since December 2024 US GDP growth beat expectationsYen firms as investors await BOJ meeting Dollar rises against franc, yen and euroBy Chibuike Oguh NEW YORK, July 30 (Reuters) - The dollar strengthened ...Reuters
Wed, Jul 30
White House in crypto policy report calls for SEC action, new legislation
Trump's report urges Congress to enhance crypto legislationRegulators encouraged to create exemptions for digital assetsTrump courted cash from crypto industry on campaign trailBy Hannah Lang July 30 (Reuters) - A cryptocurrency working group formed by President Donald Trump on Wednesday outl...Reuters
Wed, Jul 30
CANADA FX DEBT-Canadian dollar hits two-month low as BoC offers dovish clues on rates
Canadian dollar falls 0.4% against the greenbackTouches its weakest since May 30 at 1.3828BoC holds policy rate at 2.75%Canada-U.S. 10-year spread widens 1.6 basis pointsBy Fergal Smith TORONTO, July 30 (Reuters) - The Canadian dollar weakened to a two-month low against its U.S. counterpart on We...Reuters
Wed, Jul 30
Brazil sees no foreign direct investment impact from US tariffs, Treasury says
BRASILIA, July 30 (Reuters) - Brazil's government does not expect steeper U.S. tariffs on its exports to affect foreign direct investment flows, Treasury Secretary Rogerio Ceron said on Wednesday.Speaking at a press conference, Ceron said the government is refining a contingency plan to support ...Reuters
Wed, Jul 30
EUR/USD slumps as Fed holds rates; Waller and Bowman dissent
The EUR/USD extended its losses during the North American session, as the Federal Open Market Committee (FOMC) held rates unchanged, in a vote split, that witnessed two Governors, favoring a 25-bps rate cut. At the time of writing, the pair trades volatile at around 1.1475-1.1500, negative on the dFxstreet
Wed, Jul 30
USD/JPY trades near three-week high on strong US data, Fed keeps rates unchanged at 4.50%
The Japanese Yen (JPY) weakens further against the US Dollar (USD) on Wednesday as the Greenback extends its rally for the fifth straight day, buoyed by a string of stronger-than-expected US economic data that reinforced the resilience of the world’s largest economy.Fxstreet
Wed, Jul 30
CORRECTED-Dollar cedes ground to euro in global reserves, IMF data shows
By Karin Strohecker and Grant Smith LONDON, July 9 (Reuters) - The U.S. dollar's share of global currency reserves reported to the International Monetary Fund nudged lower to 57.7% in the first quarter of 2025 while the share of euro-denominated reserves gained, International Monetary Fund da...Reuters
Wed, Jul 30
