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GBP/USD rises past 1.3550 as US–Japan trade deal fuels risk-on rally
The GBP/USD rose more than 0.30% on Wednesday, boosted by an upbeat risk appetite following the announcement of the US-Japan trade deal, which increased demand for high-beta currencies like the British Pound and other commodity currencies.
Fxstreet
Wed, Jul 23
EUR/GBP slips as traders brace for ECB monetary policy decision
The Euro (EUR) weakens against the British Pound (GBP) on Wednesday as investors turn their focus to the European Central Bank (ECB) policy decision due Thursday. The EUR/GBP cross is under pressure, trading around 0.8655 during the American trading hours, down nearly 0.43% on the day.
Fxstreet
Wed, Jul 23
FOREX-Japan's yen advances amid trade deal, political uncertainty
Japan to invest $550 billion in U.S., tariffs reduced to 15%Uncertainty over tariffs keeping forex market on edgeJapanese PM Shigeru Ishiba denies reports he would quit Aussie dollar hits eight-month high, euro weakens By Alun John and Gertrude Chavez-Dreyfuss LONDON/NEW YORK, July 23 (Reuters) -...Reuters
Wed, Jul 23
Silver Price Forecast: XAG/USD treads water near multi-year highs amid cautious optimism
Silver (XAG/USD) is treading water on Wednesday after a sharp two-day run to mark fresh multi-year highs. The metal consolidating just below the key $39.50 mark during the American trading hours.
Fxstreet
Wed, Jul 23
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs
The Canadian dollar strengthened against the greenback on Wednesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0% higher at C$1.3604 to the greenback, or 73.51 U.S. cents, after trading in a range of 1.3576 to 1.361.Canadian government 10-year bond yields CA10YT...Reuters
Wed, Jul 23
FOREX-Yen wobbles as traders process trade deal and political uncertainty
Japan to invest $550 billion in U.S., tariffs reduced to 15%Uncertainty over tariffs keeping forex market on edgeJapanese PM Shigeru Ishiba denies reports he would quit Aussie dollar hits eight month high, euro weakens By Rocky Swift and Alun John TOKYO/LONDON, July 23 (Reuters) - Currency trader...Reuters
Wed, Jul 23
JPY trade relief is tempered by political risk – Scotiabank
The Japanese Yen (JPY) is up a marginal 0.1% against the US Dollar (USD) as market participants temper their response to the announcement of a US/Japan trade agreement amid uncertainty surrounding PM Ishiba’s political future, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Wed, Jul 23
CAD extends gains on soft USD – Scotiabank
The Canadian Dollar (CAD) is trading a little firmer in overnight trade, extending progress made yesterday amid a broader slide in the US Dollar (USD) to push under 1.36, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Wed, Jul 23
Sterling stronger, supported by global market optimism
LONDON, July 23 (Reuters) - Sterling firmed against the dollar and the euro on Wednesday helped by the optimism across global markets after the U.S. and Japan struck a trade deal which boosted stocks and currencies, such as the pound, which can move with global growth expectations. The pound was las...Reuters
Wed, Jul 23
AUD/USD: Slight increase in upward momentum – UOB Group
Mild upward pressure suggests AUD could edge higher, but it is unlikely to reach 0.6575. In the longer run, there has been a light increase in upward momentum; AUD could edge higher toward 0.6575, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Jul 23
AUD/USD extends four-day winning streak, focus shifts to US-China trade talks
The AUD/USD pair extends its winning streak for the fourth trading day on Wednesday. The Aussie pair jumps to near 0.6580 as the Australian Dollar (AUD) outperforms across the board amid a cheerful market mood.Fxstreet
Wed, Jul 23
EMERGING MARKETS-FX steady, stocks soar after US agrees tariff deals with Japan, others
US agrees trade deals with Japan, Philippines South African inflation rises in June, as expected MSCI global EM stocks index at highest since January 2022By Purvi Agarwal July 23 (Reuters) - Most emerging market currencies inched higher and stocks soared on Wednesday after the U.S. signed trade d...Reuters
Wed, Jul 23
FOREX-Yen wobbles as traders process trade deal and political uncertainty
Japan to invest $550 billion in U.S., tariffs reduced to 15%Uncertainty over tariffs keeping forex market on edgeJapanese PM Shigeru Ishiba denies reports he would quit By Rocky Swift and Alun John TOKYO/LONDON, July 23 (Reuters) - Market focus was on the yen on Wednesday, which traded choppily a...Reuters
Wed, Jul 23
EU court cuts Credit Suisse fine for foreign exchange cartel
BRUSSELS, July 23 (Reuters) - The European Union's General Court substantially reduced a fine imposed on Credit Suisse to 28.9 million euros ($33.92 million) from 83.2 million euros on Wednesday, over its participation in a foreign exchange trading cartel.The court ruled that Credit Suisse had p...Reuters
Wed, Jul 23
Nigeria's Senate approves President Tinubu's $21 billion external borrowing plan
By Camillus Eboh ABUJA, July 23 (Reuters) - Nigeria's Senate has approved President Bola Tinubu's plan for more than $21 billion in foreign borrowing to plug shortfalls in the 2025 budget, a senior lawmaker said late on Tuesday.Tinubu asked parliament to approve the borrowing in May."...Reuters
Wed, Jul 23
