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Upbeat ECB keeps rates steady, raising doubts about further easing
Deposit rate left at 2%ECB awaits outcome of US-EU trade talks Reported 15% tariff worse than ECB's baselineAutumn rate cut seen as less likely By Francesco Canepa and Balazs Koranyi FRANKFURT, July 24 (Reuters) - The European Central Bank left interest rates unchanged on Thursday and offered...Reuters
Thu, Jul 24
Valeo cuts 2025 sales outlook, sees forex impact of 750 million euros
July 24 (Reuters) - French car parts supplier Valeo VLOF.PA cut its 2025 sales outlook on Thursday, citing an adverse currency impact of 750 million euros. The designer and producer of car components and integrated systems now expects sales of around 20.5 billion euros ($24.1 billion) this year, dow...Reuters
Thu, Jul 24
FOREX-Dollar holds steady after ECB leaves rates alone, tariffs and Fed in focus
Little reaction in euro after ECB holds rates steady, as expectedExpectations for higher rates support yen, but politics weighExpected trade deal with Europe in line with expectationsBy Alden Bentley and Stefano Rebaudo July 24 (Reuters) - The dollar traded sideways against the euro on Thursday a...Reuters
Thu, Jul 24
EUR/GBP rises as ECB holds rates steady, Eurozone PMIs stabilize, UK services falter
EUR/GBP is edging higher on Thursday as traders digest economic data from both regions and a measured tone from the European Central Bank (ECB).At the time of writing, the pair is trading around 0.8685, holding just below key resistance at 0.8738, as attention turns to diverging growth signals and c
Fxstreet
Thu, Jul 24
Russian rouble nears 80 to the dollar ahead of expected key rate cut
MOSCOW, July 24 (Reuters) - The Russian rouble weakened on Thursday, a day before the central bank is expected to cut interest rates, and approached the 80 to the dollar mark for the first time since June 12.The rouble was down 1.1% as of 1345 GMT at 78.25 per U.S. dollar, according to data compiled...Reuters
Thu, Jul 24
S&P Global lifts Pakistan's credit rating 'B-' from 'CCC+', outlook stable
LONDON, July 24 (Reuters) - S&P Global raised Pakistan's sovereign credit rating to 'B-' from 'CCC+' and placed it on a 'stable' outlook on Thursday, saying the country's finances and reserves had been stabilised by International Monetary Fund support."The sta...Reuters
Thu, Jul 24
Euro zone bond yields jump as traders trim ECB rate cut bets
LONDON, July 24 (Reuters) - Short-dated German bond yields were set for the largest daily rise in two months on Thursday, after the European Central Bank (ECB) held rates steady and central bank President Christine Lagarde offered a more upbeat view of the economic outlook.The interest-rate sensitiv...Reuters
Thu, Jul 24
Big central bank rate cuts slow with tariffs and politics in headlights
ECB keeps rates steady as it awaits clarity over tradeFed, Bank of Japan meet next weekAfter spate of rate cuts, easing is slowing down By Naomi Rovnick and Alun John LONDON, July 24 (Reuters) - The pace of central bank rate cuts is slowing as early movers near the end of their easing cycles whil...Reuters
Thu, Jul 24
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Thursday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.2% lower at C$1.3619 to the greenback, or 73.43 U.S. cents, after trading in a range of 1.3592 to 1.3622.Canadian government 10-year bond yields CA10YT=RR...Reuters
Thu, Jul 24
USD/CAD remains depressed near 1.3600 ahead of US PMI, Jobless Claims data
The US Dollar is ticking higher against the Canadian Dollar on Thursday and has risen above 1.3600, although it remains close to one-year lows at the 1.3540 area, driven by risk-on markets, following the release of US preliminary PMIs and weekly Jobless Claims data.Fxstreet
Thu, Jul 24
USD/JPY: Markets eye stronger services PMI into July 31 BoJ – Scotiabank
The Japanese Yen (JPY) is entering Thursday’s NA session unchanged against the US Dollar (USD), having faded its early Asian session gains driven by the release of a mixed set of PMI’s, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Thu, Jul 24
UK firms struggle but price pressures likely to keep Bank of England on alert
Preliminary headline PMI slows to 51 in July vs 52 in JuneCBI: manufacturing more stable but outlook weakBoth surveys suggest further weakness in the jobs marketBank of England contending with slowdown and inflationBy William Schomberg LONDON, July 24 (Reuters) - British companies are struggling ...Reuters
Thu, Jul 24
EUR: All eyes on ECB meeting – Scotiabank
The Euro (EUR) is soft, down a modest 0.2% against the US Dollar (USD) as we head into Thursday’s NA session and the 8:15am ET ECB policy decision (followed by the 8:45am ET press conference), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Thu, Jul 24
