News
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GBP/USD rallies on US PPI dip and Trump’s potential Powell removal
The GBP/USD reverses its course and rallies as the latest US Producer Price Index (PPI) reignites hopes of a rate cut by the Fed, while headlines suggest that Trump could fire Fed Chair Powell. At the same time, inflation on the consumer side in the UK surprised investors, exceeding forecasts.
Fxstreet
Wed, Jul 16
FOREX-Dollar gains on euro as traders bet on less dovish Fed
Producer prices unchanged in JuneTraders price in 44 bps of Fed cuts by year-endInvestors in Japanese assets on hold before electionsBy Karen Brettell NEW YORK, July 16 (Reuters) - The dollar gained against the euro on Wednesday as traders bet that the Federal Reserve may be less likely to cut ra...Reuters
Wed, Jul 16
Russian rouble weakens slightly vs US dollar, flat against China's yuan
MOSCOW, July 16 (Reuters) - The Russian rouble weakened slightly against the U.S. dollar on Wednesday, tracking lower prices for oil, Russia's main export commodity, but was stable against China's yuan. As of 1410 GMT, the rouble RUB= was 0.4% weaker at 78.35 per U.S. dollar, according to LS...Reuters
Wed, Jul 16
Brazil says US opened trade probe because of 'weak' case for tariffs
SAO PAULO, July 16 (Reuters) - Brazil's government believes that the United States launched a probe into alleged "unfair" Brazilian trade practices because its initial case for imposing a 50% trade tariff is weak, Solicitor General Jorge Messias said on Wednesday.Reuters
Wed, Jul 16
Egypt says it expects combined IMF review to be completed by October
Egypt expects combined IMF review to be done by OctoberFinance minister says there is progress with privatisations More major foreign investment plans in the worksBy Libby George LONDON, July 16 (Reuters) - Egypt's Finance Minister Ahmed Kouchouk said on Wednesday he was confident the country...Reuters
Wed, Jul 16
Silver Price Forecast: Softer PPI data underpins XAG/USD, bullish momentum persists
Silver (XAG/USD) is holding firm near the $38.00 level on Wednesday, drawing support after US Producer Price Index (PPI) data for June came in softer than expected. At the time of writing, the metal is trading around $37.90 per ounce.
Fxstreet
Wed, Jul 16
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0% lower at C$1.3724 to the greenback, or 72.87 U.S. cents, after trading in a range of 1.3707 to 1.3729.Canadian government 10-year bond yields CA10YT=RR ...Reuters
Wed, Jul 16
Egypt Finance Minister expects combined IMF review to be completed by October
LONDON, July 16 (Reuters) - Egypt's Finance Minister Ahmed Kouchouk said on Wednesday he is confident Egypt is hitting targets set by the International Monetary Fund over the country's $8 billion loan programme and expects the next review to be completed by September or October. The fund ann...Reuters
Wed, Jul 16
LiveOne Announces Pricing Of Public Offering To Launch Bitcoin Yield Treasury Strategy
July 16 (Reuters) - LiveOne Inc LVO.O:LIVEONE (NASDAQ: LVO) ANNOUNCES PRICING OF PUBLIC OFFERING TO LAUNCH BITCOIN YIELD TREASURY STRATEGYLIVEONE INC - BOARD APPROVES $500 MILLION FOR CRYPTO ASSET TREASURY STRATEGYLIVEONE INC - PRICES PUBLIC OFFERING AT $0.75 PER SHAREReuters
Wed, Jul 16
VCI Global To Acquire Licensed Fund Manager In Malaysia’S Labuan Jurisdiction To Launch Regulated Bitcoin Fund
July 16 (Reuters) - VCI Global Ltd VCIG.O:VCI GLOBAL TO ACQUIRE LICENSED FUND MANAGER IN MALAYSIA’S LABUAN JURISDICTION TO LAUNCH REGULATED BITCOIN FUNDVCI GLOBAL LTD: ACQUISITION MADE AT A NOMINAL CONSIDERATIONVCI GLOBAL LTD - TO LAUNCH VCIG BITCOIN FUNDReuters
Wed, Jul 16
USD/CAD remains steady above 1.3700 ahead of US PPI data
The US Dollar is trading practically flat near 1.3720 against the Canadian Dollar on Wednesday, with downside attempts limited above 1.3700 and on track to close a four-day winning streak, as hotter US inflation figures have hammered hopes of Fed cuts in the near-term
Fxstreet
Wed, Jul 16
GBP fades short-lived CPI rally – Scotiabank
The Pound Sterling (GBP) is also steady and attempting stabilization following a recent run of weakness, holding on just above its late June low – a break of which would call for a shift in the bull trend, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Wed, Jul 16
FOREX-Dollar edges down versus euro and yen, tariff-driven inflation in focus
Markets await PPI data later todayEconomists argue CPI figures will not slow down Fed cutsTrump remarks on Powell in focusInvestors in Japanese assets on hold before electionsBy Stefano Rebaudo July 16 (Reuters) - The dollar edged down against the euro and yen on Wednesday after hitting multi-wee...Reuters
Wed, Jul 16
EUR/GBP approaches 0.8660 support area again, weighed by strong UK inflation data
The Euro recovery attempts against the British Pound have been capped at 1.1680 during Wednesday’s European session, and the pair has pulled back to levels near the 0.8660 with the Pound buoyed by strong UK inflation figures.The broader trend, however, remains positive.
Fxstreet
Wed, Jul 16
NZD/USD: Likely to consolidate in a range of 0.5935/0.5975 – UOB Group
New Zealand Dollar (NZD) is likely to consolidate in a range of 0.5935/0.5975 against US Dollar (USD). In the longer run, NZD could continue to weaken, but it may consolidate first before heading lower toward 0.5920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Jul 16
