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GBP/USD: Upward momentum has largely faded – UOB Group
Pullback in Pound Sterling (GBP) could extend but is unlikely to threaten 1.3450 (there is another support level at 1.3490). In the longer run, upward momentum has largely faded; GBP is expected to trade in a range of 1.3450/1.3590, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Jul 25
EUR/GBP Price Forecast: Rallies to fresh highs and looks to the 0.8735 level
The Euro extends its gains for the second consecutive day against the Pound Sterling, reaching fresh three-week highs above 0.8700, with bulls targeting the year-to-date high of 0.8740.UK data released earlier on Friday revealed that Retail Sales increased by a softer-than-expected 0.9% rate in June
Fxstreet
Fri, Jul 25
USD/JPY: Interim upside risk – OCBC
USD/JPY took a turn higher as Tokyo core CPI surprised to the downside (2.9% vs 3% exp), further pushing back expectations of BoJ policy normalisation – in terms of the timing of the next rate hike. Pair was last at 147.87 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Fri, Jul 25
Sterling at four month low against euro as UK and euro zone rates diverge
LONDON, July 25 (Reuters) - The pound dropped to its weakest level against the euro in four months on Friday as a weekly decline in gilt yields on soft British data contrasted with higher European yields on expectations the European Central Bank is done with rate cuts. The euro reached as high as 87...Reuters
Fri, Jul 25
EUR/USD: Consolidation on the daily chart – OCBC
Euro (EUR) consolidated overnight after 4 days of rally. Pause comes as markets re-evaluate prospects of trade deals. EU believe a trade deal with US is within reach ahead of 1 August deadline. Pair was last seen at 1.1740 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Fxstreet
Fri, Jul 25
USD/JPY rises further and approaches 148.00 as the US Dollar firms up
The US Dollar extends its rally against the Japanese Yen for the second consecutive day on Friday: The pair has erased weekly losses and is nearing 148.00 from Thursday’s lows below 146.00 as US Treasury yields pick up with enthusiasm about this week’s trade deals fading.Previous market optimism isFxstreet
Fri, Jul 25
CEE MARKETS-Forint, crown lead currencies higher as investors eye EU-US trade deal
By Krisztina Than and Jason HovetBUDAPEST/PRAGUE, July 25 (Reuters) - The Hungarian forint scaled 10-month highs against the euro on Friday while the Czech crown hit its strongest levels since January 2024, supported by hopes of a U.S.-EU trade deal and the yields that the emerging currencies offer ...Reuters
Fri, Jul 25
EMERGING MARKETS-FX, stocks pull back but set for weekly gains on trade optimism
Turkey's lira set for best day since June 2024Senegal's dollar bonds gain on IMF programme hopes Turkey, Kenya, Bulgaria ratings to be reviewed MSCI EM FX, stocks indexes set for weekly gainsBy Purvi Agarwal July 25 (Reuters) - Most emerging market currencies weakened and stocks pulled ba...Reuters
Fri, Jul 25
FOREX-Dollar steadies but set for weekly drop as focus shifts to Fed, BOJ meetings
Sentiment boosted by US-Japan deal this weekMarkets pause ahead of Fed, BOJ policy meetings next weekEyes on US-EU trade deal negotiations Markets shrug off Trump's Fed visit Pound weakens on euro and dollar after soft economic data By Ankur Banerjee and Alun John SINGAPORE/LONDON, July 25 (R...Reuters
Fri, Jul 25
USD/CHF eases from 0.7965 intra-day highs as US Dollar’s recovery loses momentum
The US Dollar's recovery from multi-week lows against the Swiss Franc, at 0.7910, has failed to gain significant acceptance above 0.7965 and pulled back in the early European market session, leaving the pair practically unchanged in the daily chart.The Grenback rallied on Thursday after US business
Fxstreet
Fri, Jul 25
