News
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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
QUOTES-Top Bank of Canada officials speak after central bank holds policy rate steady
TORONTO, July 30 (Reuters) - Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank held its key policy rate steady at 2.75%. MACKLEM ON TARIFFS LEADING TO A LESS EFFICIENT ECONOMY"...Reuters
Wed, Jul 30
FOREX-Dollar advances against peers after strong GDP data and with Fed in focus
Investors watch for signs of internal dissent within the FedEuro on track for first monthly drop since December 2024 US GDP growth beat expectationsYen firms as investors await BOJ meeting By Chibuike Oguh and Stefano Rebaudo NEW YORK, July 30 (Reuters) - The dollar advanced against major peers o...Reuters
Wed, Jul 30
QUOTES-Top Bank of Canada officials speak after central bank holds policy rate steady
TORONTO, July 30 (Reuters) - Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank held its key policy rate steady at 2.75%. MACKLEM ON CORE MEASURES"One of the reasons why we hel...Reuters
Wed, Jul 30
Canadian Dollar extends losses as BoC holds rates amid inflation concerns and trade risks
The Canadian Dollar (CAD) extends losses for the fifth consecutive session against the US Dollar (USD) on Wednesday, as the Greenback continues its broad-based rally following stronger-than-expected US economic data.
Fxstreet
Wed, Jul 30
AUD/USD awaits US Federal Reserve’s decision at fresh July lows
The Australian Dollar (AUD) trades at fresh July lows against its American rival, hovering around 0.6450. The US Dollar (USD) attracted strong buying interest following the release of upbeat macroeconomic figures, ahead of the Federal Reserve (Fed) monetary policy announcement.
Fxstreet
Wed, Jul 30
Kazakhstan's central bank says it intervened to support tenge currency
By Mariya GordeyevaALMATY, July 30 (Reuters) - Kazakhstan's central bank said on Wednesday it had started foreign exchange interventions to support the tenge currency, which fell to a historical low of 550 to the U.S. dollar during the trading session. "In conditions of extremely low liquid...Reuters
Wed, Jul 30
GBP/USD pierces 1.3300 on US data, Fed takes the spotlight
The GBP/USD pair shed over 60 pips early in the American session on Wednesday and defies the 1.3300 figure, as investors weigh better-than-expected United States (US) data. The Sterling Pound (GBP) held ground throughout the first half of the day, but capitulated to broad US Dollar (USD) demand.
Fxstreet
Wed, Jul 30
EUR/USD tumbles to multi-week low as robust US data fuels US Dollar rally
The Euro (EUR) is on the back foot for a fifth straight day against the US Dollar on Wednesday, weighed down by a stronger Greenback and ongoing concerns over the recently announced US-EU trade deal, which many investors see as skewed in Washington’s favor.Fxstreet
Wed, Jul 30
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.2% lower at C$1.3803 to the greenback, or 72.45 U.S. cents, after trading in a range of 1.3759 to 1.3806.Canadian government 10-year bond yields CA10YT=R...Reuters
Wed, Jul 30
Trump pushes rate cut as Fed meets, second quarter data released
WASHINGTON, July 30 (Reuters) - President Donald Trump on Wednesday again called on the Federal Reserve to lower benchmark rates after data showed U.S. economic growth rebounded more than expected in the second quarter."2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! “Too Late” MUST NOW LOWER THE...Reuters
Wed, Jul 30
United Microelectronics Q2 revenue up 3.4%, sees mild rise in wafer shipments in Q3
OverviewUMC Q2 revenue rises 3.4% yr/yr to $58.76 bln New Taiwan Dollars (NT$)Net income for Q2 declines 35.4% yr/yr to NT$8.90 blnRevenue from 22/28nm business reaches record high, accounting for 40% of salesOutlookUMC expects mild increase in wafer shipments in Q3 2025Company anticipates decline i...Reuters
Wed, Jul 30
EUR trading defensively, despite better data and supportive spreads – Scotiabank
The Euro (EUR) is trading somewhat defensively into Wednesday’s NA session, ignoring the release of stronger than expected data with a modest surprise to euro area confidence figures and the Q2 GDP print, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Wed, Jul 30
CAD soft into BoC despite expectations for hold – Scotiabank
The Canadian Dollar (CAD) is soft, entering Wednesday’s NA session with a marginal decline as market participants look to the 9:45am ET Bank of Canada rate decision, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Wed, Jul 30
FOREX-Dollar mixed after four-day rally, Fed meeting in focus
Investors watch for signs of internal dissent within the FedEuro on track for first monthly drop since December 2024 Jefferies says trade deal is welcome for the euro areaYen firms as investors await BOJ meeting By Stefano Rebaudo July 30 (Reuters) - The U.S. dollar struggled for direction on Wed...Reuters
Wed, Jul 30
