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US tariffs and weak dollar threaten Italian exports, says industry chief
By Giulia Segreti ROME, July 16 (Reuters) - The only acceptable tariff on European Union exports to the United States would be zero as the bloc is already facing a detrimental exchange rate, the head of Italy's business lobby said on Wednesday. "The real issue is that, to date, not only d...Reuters
Wed, Jul 16
Sterling edges higher versus dollar as investors await jobs data
Investors assess the chance of more aggressive rate cuts Economists say jobs data holds more weight in shaping BoE policyEuro/Sterling within striking distance of 3-month highBy Stefano Rebaudo July 16 (Reuters) - The pound edged higher against a weakening dollar and fell versus the euro, as inve...Reuters
Wed, Jul 16
INDIA RUPEE-Rupee falls as US inflation jitters dent Fed rate cut bets, hoist dollar
By Jaspreet Kalra MUMBAI, July 16(Reuters) - The Indian rupee fell on Wednesday as the latest U.S. inflation report showed that tariffs were beginning to feed into prices, weakening bets on rate cuts by the Federal Reserve, which lifted U.S. Treasury yields and the dollar.The rupee INR=IN closed...Reuters
Wed, Jul 16
RPT-COLUMN-Popping the dollar's 'anti-bubble?': Mike Dolan
By Mike DolanLONDON, July 16 (Reuters) - The U.S. dollar's bubble-like overvaluation may have already popped, but some wonder if an equally vulnerable "anti-bubble" may just have taken its place.Amid the roller-coaster ride in U.S. stocks and bonds during the turbulent first half of 2025...Reuters
Wed, Jul 16
AUD/USD gives back major early gains ahead of Aussie Employment data
The AUD/USD pair surrenders a majority of its initial gains during the European session on Wednesday. Still, the Aussie pair trades 0.10% higher to near 0.6540. The pair snaps three-day losing streak as the US Dollar (USD) struggles to extend its upside after refreshing three-week high on Tuesday.Fxstreet
Wed, Jul 16
Any tariff on top of unfavourable dollar rate "is out of control", Italy industry head says
ROME, July 16 (Reuters) - The only acceptable tariff on European exports towards the United States would be "zero" as the bloc is already facing a detrimental exchange rate, the head of Italy's business lobby said on Wednesday. "The real issue is that, to date, not only do we have to...Reuters
Wed, Jul 16
EMERGING MARKETS-FX subdued, stocks mixed as investors weigh US trade decisions
Trump signs deal with Indonesia, settles for lower tariffsPolish central banker sees room for more cuts in 2025 Romania central bank minutes, South Africa data awaitedBy Ragini Mathur and Purvi Agarwal July 16 (Reuters) - Most emerging market currencies were subdued on Wednesday while stocks were...Reuters
Wed, Jul 16
USD/CAD Price Forecast: Holds ground above 1.3700 near 50-day EMA
The USD/CAD pair remains stronger for the fourth successive day, trading around 1.3720 during the European hours on Wednesday. The technical analysis of the daily chart suggests a prevailing bearish sentiment as the pair consolidates within the descending channel pattern.
Fxstreet
Wed, Jul 16
Asian bonds see first monthly foreign outflow in five months
Foreign investors divest $2.11 billion from Asian bonds in JuneUS tariffs and Middle East tensions impact investor sentimentSouth Korean bonds see $2.68 billion foreign inflows, defying regional trend July 16 (Reuters) - Foreign investors pulled funds from Asian bonds in June for the first time i...Reuters
Wed, Jul 16
EUR: French political noise returns – ING
Some headlines about French politics might have gotten into the mix on a bad day for the euro yesterday, although no spillover into the OAT-Bund spread means the effect should have been marginal if anything, ING's FX analyst Francesco Pesole notes.Fxstreet
Wed, Jul 16
Silver Price Forecast: XAG/USD picks up to $38.00 favoured by a softer US Dollar
Silver (XAG/USD) is regaining some of the ground lost over the last two days and is picking up towards the $38.00 level. The US Dollar is giving up previous gains as the market digests the US CPI figures and shifts its focus towards the PPI report, due later today.
Fxstreet
Wed, Jul 16
