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EUR/JPY slides to near 171.00 as US-EU deal weakens Euro
The EUR/JPY pair slumps to near 171.00 during the Asian trading session on Wednesday. The pair falls sharply as the Euro (EUR) continues to underperform its peers, following the announcement of a trade agreement between the United States (US) and the European Union (EU) on Sunday.
Fxstreet
Wed, Jul 30
INDIA RUPEE-Rupee's fall past 87/USD on tariff worries prompts likely intervention
By Jaspreet Kalra MUMBAI, July 30 (Reuters) - The Indian rupee fell to its weakest level since mid-March on Wednesday, hurt by worries over the U.S. potentially imposing a steep tariff rate on Indian exports, though likely intervention by the Reserve Bank of India helped limit the currency's ...Reuters
Wed, Jul 30
EUR/USD holds positive ground above 1.1550, all eyes on Fed rate decision
The EUR/USD pair gains ground to near 1.1560, snapping the four-day losing streak during the Asian trading hours on Wednesday. However, the potential upside for the major pair might be limited ahead of the crucial US events.
Fxstreet
Wed, Jul 30
Foreign investors retreat from yuan bonds as dollar premium shrinks
SHANGHAI, July 30 (Reuters) - The U.S. dollar's narrowing premium over the yuan in the forwards market has dampened foreign interest in Chinese bonds, despite recent gains in the Chinese currency. WHY IT'S IMPORTANTForeign investors had steadily accumulated yuan bonds since late 2023. A ...Reuters
Wed, Jul 30
FOREX-Euro set for first monthly decline this year, focus switches to Fed
Euro down 1.9% in July, set to snap six month winning streakUS-China talks constructive but no major breakthroughs Spotlight on Fed and Powell later on Wednesday Yen firms after Tsunami warning, BOJ due on Thursday By Ankur Banerjee SINGAPORE, July 30 (Reuters) - The euro EUR=EBS steadied near it...Reuters
Wed, Jul 30
Australian dollar weathers soft inflation data, bond yields slump
SYDNEY, July 30 (Reuters) - The Australian dollar was steady on Wednesday, taking in stride a set of surprisingly soft inflation figures that only cemented wagers for an interest-rate cut next month, while bond yields slumped. Data showed the headline consumer price index rose 0.7% in the second qua...Reuters
Wed, Jul 30
AUD/JPY weakens to near 96.50 on softer Australian CPI inflation data
The AUD/JPY cross edges lower to near 96.50 during the Asian trading hours on Wednesday. The Australian Dollar (AUD) weakens against the Japanese Yen (JPY) after the softer-than-expected Australian inflation data.
Fxstreet
Wed, Jul 30
FOREX-Euro hovers near one-month lows after trade deal, focus switches to Fed
Euro set for first monthly decline this year US-China talks constructive but no major breakthroughs Spotlight on Fed and Powell later on Wednesday By Ankur Banerjee SINGAPORE, July 30 (Reuters) - The euro EUR=EBS steadied near its lowest in a month on Wednesday, nursing steep losses this week as ...Reuters
Wed, Jul 30
NZD/USD extends the decline to near 0.5950, all eyes on Fed rate decision
The NZD/USD pair extends its downside to around 0.5955 during the early Asian session on Wednesday. Uncertainty surrounding the United States (US) and China tariff truce continues to undermine the China-proxy Kiwi.
Fxstreet
Wed, Jul 30
EXPLAINER-How Singapore's unique monetary policy works
By Xinghui Kok SINGAPORE, July 30 (Reuters) - Singapore's central bank has a unique method of managing monetary policy, tweaking the exchange rate of its dollar instead of changing domestic interest rates like most other economies.The Monetary Authority of Singapore (MAS) sets the path of wha...Reuters
Tue, Jul 29
USD/CAD holds steady above 1.3750 ahead of BoC, Fed rate decisions
The USD/CAD pair trades on a flat note near 1.3770 during the early Asian session on Wednesday. Markets might turn cautious later in the day as traders brace for the imminent interest rate decision by the Bank of Canada (BoC) and the US Federal Reserve (Fed).Fxstreet
Tue, Jul 29
