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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
US Commerce involved in Brazil meeting with big tech firms, Brazil VP says
BRASILIA, July 29 (Reuters) - A representative from the U.S. Department of Commerce was present in a meeting between the Brazilian government and executives from U.S. tech giants, Brazilian Vice President Geraldo Alckmin said on Tuesday.U.S. President Donald Trump is set to levy 50% tariffs on impor...Reuters
Tue, Jul 29
US securities regulator allows for in-kind crypto ETF redemptions
July 29 (Reuters) - The U.S. Securities and Exchange Commission will allow in-kind creations and redemptions for crypto exchange-traded products, a move that asset managers have sought since the regulator approved the first set of products tied to the spot price of bitcoin last year. The SEC had app...Reuters
Tue, Jul 29
Big tech regulation in Brazil is a matter of sovereignty, says minister
SAO PAULO, July 29 (Reuters) - Brazil Planning Minister Simone Tebet on Tuesday said that regulation for big tech companies in the country was non-negotiable when it came to their responsibility for condoning crime. Such regulation is a part of Brazil's sovereignty, Tebet said in a interview wit...Reuters
Tue, Jul 29
Forex Today: The Fed is largely expected to stand pat
The US Dollar (USD) extended further its march north on Tuesday, reaching new multi-week highs on the back of rising scepticism surrounding the trade scenario, while investors geared up for the imminent interest rate decision by the Federal Reserve and, later in the week, the publication of the cruc
Fxstreet
Tue, Jul 29
Canadian Dollar continues to slide ahead of Fed rate call
The Canadian Dollar (CAD) extended into a fourth straight day of losses against the US Dollar (USD) on Tuesday, continuing a Greenback-positive theme in the run-up to the latest interest rate call from the Federal Reserve (Fed).Fxstreet
Tue, Jul 29
FOREX-Dollar reaches one-month high versus euro on trade deal optimism, Fed in view
Euro poised for first monthly loss against dollarUS-EU trade deal criticized by some euro zone leadersUS and China agree to extend tariff truceDollar index set for first month of gains this yearBy Chibuike Oguh NEW YORK, July 29 (Reuters) - The dollar hit a one-month high versus the euro on Tuesd...Reuters
Tue, Jul 29
China could see high tariffs if it continues to buy Russian oil, says Bessent
STOCKHOLM, July 29 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday he had told Chinese officials that, given U.S. secondary tariff legislation on sanctioned Russian oil, China could face high tariffs if Beijing continued with its Russian oil purchases.Bessent was speaking after two...Reuters
Tue, Jul 29
Sweden 'very supportive' of EU-US trade deal, says Bessent
OSLO, July 29 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that he and Sweden's Prime Minister Ulf Kristersson had discussed the trade deal struck by the European Union and the United States, and that the Swedish leader was in favour of it. "The prime minister (and) the ...Reuters
Tue, Jul 29
Extension of US-China tariff truce subject to Trump approval, says Bessent
STOCKHOLM, July 29 (Reuters) - President Donald Trump will have the final say on whether China and the United States will prolong a truce regarding their trade, U.S. Treasury Secretary Scott Bessent told reporters on Tuesday.A 90-day extension is one option to approve, and trade negotiators from Chi...Reuters
Tue, Jul 29
GBP/USD slips to 10-week low as JOLTS miss offsets Fed caution
GBP/USD registers modest losses of over 0.10% on Tuesday after jobs data in the United States (US) showed signs of cooling, according to the Job Openings and Labor Turnover Survey (JOLTS). The Federal Reserve (Fed) has begun its two-day monetary policy meeting, which will end on July 30.
Fxstreet
Tue, Jul 29
CANADA FX DEBT-Canadian dollar hits five-week low on broad-based US dollar strength
Canadian dollar falls 0.3% against the greenbackHits a five-week low at 1.3788Price of oil increases 1.4%Bond yields ease across a flatter curveBy Fergal Smith TORONTO, July 29 (Reuters) - The Canadian dollar weakened to a five-week low against its U.S. counterpart on Tuesday as the greenback pos...Reuters
Tue, Jul 29
Russian rouble declines further vs dollar on Trump's new Ukraine deadline
MOSCOW, July 29 (Reuters) - Russia's rouble fell further against the dollar and China's yuan on Tuesday, reacting to U.S. President Donald Trump's setting of a new, shorter deadline for Moscow to agree an end to the war in Ukraine. The rouble was down 1.5% as of 1530 GMT at 82.44 to...Reuters
Tue, Jul 29
FOREX-Dollar hits one-month high versus euro on trade deal optimism
Euro extends losses from previous sessionUS-EU trade deal criticized by some Eurozone leadersDollar buoyant; focus on Fed, BOJ nextDollar index set for first month of gains this yearBy Chibuike Oguh NEW YORK, July 29 (Reuters) - The dollar hit a one-month high versus the euro on Tuesday in the wa...Reuters
Tue, Jul 29
IMF lifts 2025 GDP emerging economies' outlook on improved China view
IMF raises emerging economies' 2025 GDP forecast to 4.1% from 3.7%China's 2025 GDP growth forecast increased to 4.8% due in part to tariff reductionsRussia and South Korea's GDP forecasts downgraded for 2025By Rodrigo Campos NEW YORK, July 29 (Reuters) - The International Monetary Fun...Reuters
Tue, Jul 29
Euro extends losses as US-EU trade pact fuels US Dollar demand, Fed decision in focus
The Euro (EUR) edges lower for the second straight day against the US Dollar (USD) on Tuesday, as the Greenback extended its rally following the US-EU trade agreement, which has faced heavy criticism across Europe for being one-sided and heavily skewed in favor of the United States (US).Fxstreet
Tue, Jul 29
Euro bulls wince as US-EU trade deal slams the brakes on rally
Euro saw biggest first half gains in its historySpeculative long euro bets at $18.4 billion ahead of weekend Trade deal removes uncertainty for dollar as well as euroFears for dollar at start of year unrealised By Alun John, Yoruk Bahceli and Nell Mackenzie LONDON, July 29 (Reuters) - Euro bulls ...Reuters
Tue, Jul 29
