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China's yuan undervaluation fuels euro zone trade deficit, German study shows
Yuan undervaluation harms European firms, action urged -studyChina denies manipulation, cites managed floating exchange rate regimeBy Reinhard Becker and Sarah Marsh BERLIN, July 23 (Reuters) - European companies are facing increasing pressure due to China's alleged currency manipulation ...Reuters
Wed, Jul 23
Pound Sterling gains while investors overlook UK fiscal risks
The Pound Sterling (GBP) gains against its peers, except antipodeans, on Wednesday. The British currency attracts bids even as United Kingdom (UK) fiscal risks have resurfaced, following the government borrowings report from the Office for National Statistics (ONS) on Tuesday.
Fxstreet
Wed, Jul 23
Japan says forex not included in trade deal with US, Kyodo reports
TOKYO, July 23 (Reuters) - Japanese Finance Minister Katsunobu Kato said the bilateral trade deal with the United States did not include reference to foreign exchange rates, Kyodo news agency reported on Wednesday.Kato made the remarks to reporters at Japan's Ministry of Finance, according to Ky...Reuters
Wed, Jul 23
GBP/JPY Price Analysis: Tests 199.00 barrier after breaking above nine-day EMA
GBP/JPY has retraced its recent losses, trading around 198.80 during the Asian hours on Wednesday. A look at the daily chart suggested the currency cross is moving upwards within an ascending channel pattern, suggesting a persistent bullish bias.
Fxstreet
Wed, Jul 23
Japan-US trade deal reduces economic uncertainty, BOJ's Uchida says
KOCHI, Japan, July 23 (Reuters) - Japan's trade agreement with the United States is a "very big progress" that reduces uncertainty over the economic outlook, Bank of Japan Deputy Governor Shinichi Uchida said on Wednesday.Given receding uncertainty surrounding trade negotiations, the lik...Reuters
Wed, Jul 23
Dollar holds losses after Trump announces Japan trade deal, yen wobbles
Japan to invest $550 billion in U.S., tariffs reduced to 15%Uncertainty over tariffs keeping forex market on edgeYen wavers as investors weigh Ishiba resignation, trade dealJapan's auto industry and rice imports were key negotiation pointsBy Rocky Swift TOKYO, July 23 (Reuters) - The dollar s...
Reuters
Wed, Jul 23
USD/CHF trades weakly near 0.7940 even as US signs more trade deals
The USD/CHF seems vulnerable near an over two-week low around 0.7940 during the late Asian trading session on Wednesday. The Swiss Franc pair faces selling pressure as the US Dollar (USD) underperforms despite Washington announcing that it has signed trade deals with Japan, and Philippines.
Fxstreet
Wed, Jul 23
USD/INR refreshes monthly high on consistent FIIs selling of Indian equities
The Indian Rupee (INR) declines to its lowest level in a month against the US Dollar (USD) at open on Wednesday. The USD/INR pair jumps to near 86.55 even as the US Dollar underperforms its Group of Seven (G7) peers, suggesting significant weakness in the Indian Rupee.Fxstreet
Wed, Jul 23
Silver Price Forecast: XAG/USD trades above $39.00, reaches fresh 14-year highs
Silver price (XAG/USD) edges lower after reaching $39.39, the highest since September 2011, and currently trading around $39.20 per troy ounce during the Asian session on Wednesday. The price of Silver comes under pressure due to dampened safe-haven demand, driven by a wave of trade deals.
Fxstreet
Wed, Jul 23
Australia, NZ dollars underpinned as trade deals buff sentiment
By Wayne Cole SYDNEY, July 23 (Reuters) - The Australian and New Zealand dollars held firm on Wednesday as news of a potential U.S. trade deal with Japan salved risk sentiment, but also lessened some of the uncertainty that has been plaguing the greenback.President Donald Trump said on Tuesday th...Reuters
Wed, Jul 23
FOREX-Dollar holds losses after Trump announces Japan trade deal
Japan to invest $550 billion in U.S., tariffs reduced to 15%Uncertainty over tariffs keeping forex market on edgeJapan's auto industry and rice imports were key negotiation pointsBy Rocky Swift TOKYO, July 23 (Reuters) - The dollar stayed weak on Wednesday, having lost ground overnight, after...Reuters
Wed, Jul 23
INDIA RUPEE-Muted open for rupee despite Asia cheer on US-Japan trade pact
By Nimesh Vora MUMBAI, July 23 (Reuters) - The Indian rupee is expected to open largely unchanged on Wednesday, shrugging off the modest boost to its Asian peers after a U.S.-Japan trade deal fuelled hopes that Washington may strike similar agreements with other countries.The 1-month non-deliver...Reuters
Wed, Jul 23
