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INDIA RUPEE-Rupee sticks to losing run as outflows, tariff worries sustain pressure
By Jaspreet Kalra MUMBAI, July 22 (Reuters) - The Indian rupee weakened for a fifth straight session on Tuesday, pressured by likely outflows from domestic equities and growing concerns over an imminent deadline to secure trade deals with the United States.The rupee INR=IN closed at 86.3675 again...Reuters
Tue, Jul 22
USD/JPY longs under pressure – ING
The recent rebound in the yen may prove short-lived, with political uncertainty in Japan and fiscal expansion pressures continuing to weigh on sentiment. Meanwhile, the unwinding of USD/JPY longs could be amplifying broader dollar weakness, ING's FX analyst Francesco Pesole notes.
Fxstreet
Tue, Jul 22
Sterling holds on to gains, investors mull rise in borrowing
By Amanda Cooper LONDON, July 22 (Reuters) - The pound steadied on Tuesday, consolidating after the previous day's rally, as investors took stock of data that showed UK government borrowing soared in June, a reminder of the fragility of Britain's public finances.Sterling GBP=D3, which ros...Reuters
Tue, Jul 22
Bank of England's Bailey says rise in borrowing costs is not just a UK issue
LONDON, July 22 (Reuters) - Bank of England Governor Andrew Bailey said on Tuesday that a rise in British government borrowing costs was not out of line with increases in other countries."We have seen steepening of yield curves going on now," Bailey told lawmakers on parliament's Treasur...Reuters
Tue, Jul 22
EMERGING MARKETS-FX stable, stocks retreat after gains as investors eye trade talks
Russia and Ukraine set for peace talks on Wednesday Hungary interest rate decision expected Thai cabinet picks new central bank chief MSCI EM FX off 0.1%, stocks fall 0.5%By Purvi Agarwal July 22 (Reuters) - Most emerging market currencies were stable on Tuesday and stocks dipped as investors kep...Reuters
Tue, Jul 22
UK borrows more as inflation adds to debt bill, and Reeves' headache
LONDON, July 22 (Reuters) - Britain borrowed more than expected in June as a jump in inflation pushed up the government's debt costs, adding to speculation about the need for new tax hikes by finance minister Rachel Reeves later this year.Reuters
Tue, Jul 22
GBP/USD rebounds after testing June low – Société Générale
GBP/USD is attempting a rebound after finding support near its June low at 1.3360, but technical signals point to waning bullish momentum. The upside may remain limited unless the pair overcomes key resistance around 1.3630, Société Générale's FX analysts note.Fxstreet
Tue, Jul 22
CORRECTED-Morgan Stanley stays bullish on US stocks (July 21)
July 21 (Reuters) - Morgan Stanley backed its bullish stance on U.S. equities on Monday, citing strong earnings momentum, and said it was expecting a modest pullback in the third quarter that could create an opportunity to buy the dip.The Wall Street brokerage is leaning more towards its bull case o...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...Reuters
Tue, Jul 22
USD/JPY extends its recovery, nearing 148.00 with trade talks on focus
The US Dollar is trading higher against the Japanese Yen on Tuesday as the market digests the results of last week’s elections in Japan and shifts the focus back to the uncertain trade relationship between both countries.The Yen reacted positively to the election results, as the defeat of the rulingFxstreet
Tue, Jul 22
Pound Sterling trades calmly against US Dollar as investors await updates on US tariffs
The Pound Sterling (GBP) trades broadly sideways against the US Dollar (USD) around 1.3470 during the European trading session on Tuesday. The GBP/USD pair ticks down slightly as the US Dollar gains ground after Monday’s corrective move.Fxstreet
Tue, Jul 22
USD/CAD Price Forecast: Tests nine-day EMA barrier near 1.3700
USD/CAD gains ground after two days of losses, trading around 1.3690 during the early European hours on Monday. However, the bearish bias persists as the daily chart’s technical analysis indicates that the pair moves sideways within the descending channel pattern.
Fxstreet
Tue, Jul 22
