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EMERGING MARKETS-Currencies drop, stocks mixed with tariff deadline in sight, US data eyed
Hungary's government slashes growth forecastU.S. JOLTS data awaited IMF to update its World Economic Outlook MSCI EM FX, stocks indexes off 0.3% eachBy Purvi Agarwal and Ankita Yadav July 29 (Reuters) - Most emerging market currencies fell against a stronger dollar on Tuesday while stocks wer...Reuters
Tue, Jul 29
FOREX-Euro hits one-month low after reality check on US-EU trade deal
Euro struggles after 1.3% fall on MondayUS-EU trade deal criticised by some Eurozone leadersDollar buoyant, focus on Fed, BOJ nextBy Rae Wee and Lucy Raitano SINGAPORE & London, July 29 (Reuters) - The euro hit a one-month low against the dollar on Tuesday as investors sobered up to the fact ...Reuters
Tue, Jul 29
Silver Price Forecast: XAG/USD approaches a key support below $38.00
Silver (XAG/USD) is hovering above the $38.00 area for the second consecutive day, consolidating losses after a significant reversal at the end of last week, as strong US macroeconomic data curbed hopes of Fed cuts and boosted support to the US Dollar.
Fxstreet
Tue, Jul 29
US-China trade talks resume for second day in Stockholm
STOCKHOLM, July 29 (Reuters) - Top U.S. and Chinese economic officials arrived on Tuesday at the venue where they are conducting their latest bilateral round of trade negotiations, this time held in Stockholm, after previous rounds in London and Geneva.Reuters
Tue, Jul 29
UBS orders bankers to scale back sale of complex currency products, FT reports
July 29 (Reuters) - UBS UBSG.S has ordered bankers to scale back sales of complex currency derivatives after its clients suffered heavy losses due to U.S. President Donald Trump's "Liberation Day" tariff announcements, the Financial Times reported on Tuesday.Reuters could not immediately...Reuters
Tue, Jul 29
USD/CHF maintains position above 0.8050 as US Dollar advances due to trade optimism
USD/CHF extends its gains for the second successive session, trading around 0.8060 during the European hours on Tuesday. The pair appreciates as the US Dollar (USD) receives support from trade optimism, driven by the recent trade developments between the United States (US) and its trading partners.
Fxstreet
Tue, Jul 29
Sweden's economy weaker than expected in second quarter
GDP +0.1% in second quarter vs forecast +0.3%Year-on-year +0.9% compared with forecast +1.1%Could lead to more stimulus, economist says STOCKHOLM, July 29 (Reuters) - Sweden's gross domestic product grew by just 0.1% in the second quarter, preliminary data from the Statistics Office showed on...Reuters
Tue, Jul 29
USD/CAD advances to nearly two-week high, above mid-1.3700s ahead of US data
The USD/CAD pair prolongs its uptrend for the fourth straight day on Tuesday and climbs to a one-and-a-half-week top, above mid-1.3700s during the early European session. The momentum is sponsored by sustained US Dollar (USD) buying.
Fxstreet
Tue, Jul 29
Sika first half results hit by dollar weakness
Company lowers full-year sales guidanceCurrency fluctuations had big impactCompany expects to grow faster than marketShares indicated lower in premarketBy John RevillZURICH July 29 (Reuters) - Sika SIKA.S gave a more cautious full-year sales guidance on Tuesday after a weaker dollar weighed on the S...Reuters
Tue, Jul 29
Swedish flash GDP data shows economy grew by 0.1% yr/yr in Q2
STOCKHOLM, July 29 (Reuters) - Sweden's gross domestic product increased by 0.1% in the second quarter of the year compared with the previous three month period, preliminary figures from the Statistics Office showed on Tuesday.Against the same quarter a year earlier, GDP expanded by 0.9%.Economi...Reuters
Tue, Jul 29
China's yuan at one-week low; market awaits Sino-US talks, Politburo meet
SHANGHAI, July 29 (Reuters) - China's yuan touched a fresh one-week low against the dollar on Tuesday, pressured by the US currency's broad strength overseas after the US-EU trade deal, while investors anxiously await the outcome of trade talks between Beijing and Washington.The dollar jumpe...
Reuters
Tue, Jul 29
FOREX-Euro struggles after reality check on US-EU trade deal
Euro struggles after 1.3% fall on MondayUS-EU trade deal criticised by some Eurozone leadersDollar buoyant, focus on Fed, BOJ nextBy Rae Wee SINGAPORE, July 29 (Reuters) - The euro struggled to recoup its steep losses on Tuesday as investors sobered up to the fact that terms of the trade deal bet...Reuters
Tue, Jul 29
USD/INR refreshes four-month high as Indian Rupee faces multiple headwinds
The Indian Rupee (INR) posts a fresh four-month high against the US Dollar (USD) at open on Tuesday. The USD/INR pair slides to near 87.08 as the Indian Rupee continues to face headwinds from the outflow of foreign funds by institutional investors and a decent recovery in the Oil price.Fxstreet
Tue, Jul 29
