News
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Nigeria's central bank holds benchmark rate at 27.50%
ABUJA, July 22 (Reuters) - Nigeria's central bank kept its monetary policy rate unchanged at 27.50% NGCBIR=ECI, its governor Olayemi Cardoso said on Tuesday.The decision marks the third consecutive time this year that the bank's Monetary Policy Committee has kept the rate steady after hiking...Reuters
Tue, Jul 22
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0% higher at C$1.3678 to the greenback, or 73.11 U.S. cents, after trading in a range of 1.3665 to 1.3695.Canadian government 10-year bond yields CA10YT=...Reuters
Tue, Jul 22
IMF warns tariffs aren't the answer to global imbalances
China, US and euro area had excessive balancesIMF warns tariffs don't correct current account imbalancesTensions could lead to shifts in international monetary system, IMF saysBy Andrea Shalal WASHINGTON, July 22 (Reuters) - Global current account balances widened sharply in 2024, reversing a...Reuters
Tue, Jul 22
Bank of England's Bailey defends bank rules after Reeves attack
Bailey defends separation of banks' investment banking armsComments come a week after finance minister's criticismBoE sees risks in mandating pension fund investmentRise in borrowing costs not just in UK, Bailey says By David Milliken and William Schomberg LONDON, July 22 (Reuters) - Bank...Reuters
Tue, Jul 22
FOREX-Dollar dithers as investors await more tariff clarity
Currencies trade in tight rangeYen holds on to gains after Japan's upper house election result Investors await progress in more trade talksBy Rae Wee and Amanda Cooper SINGAPORE/LONDON, July 22 (Reuters) - The dollar edged up on Tuesday, but activity across the currency market was subdued, as...Reuters
Tue, Jul 22
USD/JPY is consolidating recovery from range low – Scotiabank
The Japanese Yen (JPY) is also trading flat against the US Dollar (USD) and consolidating its recent recovery from the lower end of its recent range, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Tue, Jul 22
GBP: Markets look through BoE Gov. Bailey comments on debt & curve – Scotiabank
The Pound Sterling (GBP) is entering Tuesday’s NA session flat against the US Dollar (USD) and also showing its first signs of meaningful strength following the pullback from its July 1 high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Tue, Jul 22
EUR is well supported for the time being – Scotiabank
The Euro (EUR) is up marginally against the US Dollar (USD) and looking well supported as it seeks to extend its latest recovery following the pullback from its July 1 high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Tue, Jul 22
CAD stead to slightly firmer on USD – Scotiabank
The Canadian Dollar (CAD) is a marginal outperformer versus the US Dollar (USD) on the session, with spot edging just under yesterday’s low in early trade here, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Tue, Jul 22
USD/CAD stuck in range – BBH
USD/CAD remains rangebound between 1.3550 and 1.3800 as the Bank of Canada’s latest survey offers little urgency for immediate easing. While future sales expectations dipped, stable hiring plans and anchored inflation keep markets cautious about near-term rate cuts, BBH FX analysts report.Fxstreet
Tue, Jul 22
USD/JPY: Likely to trade in a range between 146.90 and 148.20 – UOB Group
US Dollar (USD) is likely to trade in a range between 146.90 and 148.20 against Japanese Yen (JPY). In the longer run, USD is expected to trade in a range of 146.90/149.20, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Jul 22
NZD/USD: Likely to trade in a range of 0.5940/0.5980 – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range of 0.5940/0.5980 against US Dollar (USD). In the longer run, weakness from early this month has come to an end; NZD is likely to consolidate between 0.5905 and 0.6000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Jul 22
EUR/USD holds near 1.1700 – BBH
EUR/USD is holding firm near the 1.1700 level as the ECB’s latest bank lending survey suggests easing may be nearing its end. Stable credit standards and a slight uptick in loan demand have reduced expectations for near-term rate cuts, BBH FX analysts report.Fxstreet
Tue, Jul 22
