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India Morning Newsletter, July 15
To access a PDF version of this newsletter, please click hereIf you would like to receive this newsletter via email, please register at: https://solutions.lseg.com/MNCIndia-SubscriptionpageFor an index of our newsletters click on NEWSL
Reuters
Tue, Jul 15
NZD/USD holds positive ground above 0.5950 as China’s Q2 GDP grows 5.2%
The NZD/USD pair remains firm near 0.5980 during the Asian trading hours on Tuesday. The New Zealand Dollar (NZD) edges slightly higher against the US Dollar (USD) after the release of Chinese economic data.
NZD/USD
Fxstreet
Tue, Jul 15
Japanese Yen hangs near multi-week low against USD; seems vulnerable to slide further
The Japanese Yen (JPY) struggles near a three-week low against its American counterpart during the Asian session on Tuesday and seems vulnerable to prolonging a two-week-old downtrend.
USD/JPY
Fxstreet
Tue, Jul 15
Australian Dollar inches higher as China’s GDP rises in second quarter
The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Tuesday, following China’s economic data.
AUD/USD
Fxstreet
Tue, Jul 15
South Korea Trade Balance remains unchanged at $9.08B in June
South Korea Trade Balance remains unchanged at $9.08B in June
Fxstreet
Tue, Jul 15
PBOC sets USD/CNY reference rate at 7.1498 vs. 7.1491 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1498 as compared to the previous day's fix of 7.1491 and 7.1758 Reuters estimate.
USD/CNH
Fxstreet
Tue, Jul 15
USD/CAD flat lines near 1.3700, US/Canadian CPI inflation data in focus
The USD/CAD pair holds steady around 1.3705 during the early Asian session on Tuesday. Traders largely shrugged off fresh tariffs ahead of Consumer Price Index (CPI) inflation data from the United States (US) and Canada on Tuesday.
USD/CAD
Fxstreet
Tue, Jul 15
GBP/USD extends declines to kick off the new trading week
GBP/USD sank further on Monday, closing lower for a seventh consecutive market session and slipping back below the 50-day Exponential Moving Average (EMA) for the first time since mid-April.
GBP/USD
Fxstreet
Tue, Jul 15
FOREX-Dollar holds near three-week high before CPI data; Bitcoin hovers above $120,000
Traders watch U.S. inflation data for signs of tariff impactFed has said CPI may rise in U.S. summer as it held off cutting ratesAussie dollar slips ahead of China GDP releaseBy Kevin Buckland TOKYO, July 15 (Reuters) - The dollar hovered near a three-week high versus major peers on Tuesday as tr...
Reuters
Mon, Jul 14
EUR/USD slips below 1.1700 as Trump’s tariff barrage fuels USD demand
The EUR/USD remains pressured during the North American session, below the 1.1700 figure as the Dollar got boosted by Trump unveiling new tariff letters on two of its largest trade partners, increasing appetite for haven assets. At the time of writing, the pair trades at 1.1667, down 0.15%.
EUR/USD
Fxstreet
Mon, Jul 14
Brazil still waiting for US reply to May trade proposal, vice president says
BRASILIA, July 14 (Reuters) - Brazil has yet to hear a response from Washington about an offer it made in trade talks two months ago, Vice President Geraldo Alckmin said on Monday, after U.S. President Donald Trump slapped much higher tariffs on Brazil last week.Speaking to reporters at the presiden...
Reuters
Mon, Jul 14
Lula to sign Brazil law on reciprocal tariffs on Monday
BRASILIA, July 14 (Reuters) - Brazilian President Luiz Inacio Lula da Silva will sign on Monday a decree setting criteria for his government's response to foreign trade measures hurting the Brazilian economy, his chief of staff Rui Costa told journalists in Brasilia.His decree regulating the tra...
Reuters
Mon, Jul 14
Bitcoin climbs to record $123,000 as investors eye U.S. policy boost
Bitcoin hits record, buoyed by potential US regulatory frameworkUS to debate bills, Trump supports industry-friendly policiesCrypto market value hits $3.8 trillion; digital assets rallyBy Chuck Mikolajczak, Rae Wee, Tommy Reggiori Wilkes NEW YORK, July 14 (Reuters) - Bitcoin vaulted past $120,000...
Reuters
Mon, Jul 14
FOREX-Traders largely shrug off tariffs before US consumer price data
Overall currency reaction to tariffs mutedBitcoin surpasses $120,000 level for first timeConsumer price inflation data on Tuesday in focusBy Karen Brettell NEW YORK, July 14 (Reuters) - The euro dipped on Monday and the dollar gained against a basket of currencies, as traders largely shrugged off...
Reuters
Mon, Jul 14
AUD/JPY retreats as a Harami candle signals bulls may be running out of steam
The Australian Dollar (AUD) is weakening against the Japanese Yen (JPY) on Monday, as the steep bullish rally pertaining to the AUD/JPY pair shows clear signs of slowing.
AUD/JPY
Fxstreet
Mon, Jul 14
Forex Today: Attention shifts to US inflation data
The FX galaxy remained cautious ahead of the release of the key US inflation readings on Tuesday, although the Greenback managed to outperform its main competitors on the back of persistent trade concerns and the widespread offered bias in the risk-linked space.
EUR/USD
Fxstreet
Mon, Jul 14
AUD/USD declines as Trump escalates trade threats on Russia
The Australian Dollar (AUD) weakens against the US Dollar (USD) on Monday, pressured by renewed safe-haven flows into the Greenback following US President Donald Trump’s latest tariff threats.
AUD/USD
Fxstreet
Mon, Jul 14
CANADA FX DEBT-Canadian dollar steadies as investors turn focus to domestic inflation data
Loonie trades in a range of 1.3671 to 1.3716Canadian wholesale trade rises 0.1% in MayTen-year yield touches highest level in nearly six monthsBy Fergal Smith TORONTO, July 14 (Reuters) - The Canadian dollar was largely flat against its U.S. counterpart on Monday as recent domestic jobs data offs...
Reuters
Mon, Jul 14
Russian rouble, stock market gain after Trump's statement on Russia
MOSCOW, July 14 (Reuters) - The Russian rouble reversed losses against the dollar and rose against China's yuan after U.S. President Donald Trump warned he would impose "very severe tariffs" on Russia if no deal on a peaceful settlement is made in 50 days. As of 1605 GMT, the rouble RUB=...
Reuters
Mon, Jul 14
USD/JPY climbs toward 148.00 ahead of US CPI data
The Japanese Yen (JPY) remains on the back foot against the US Dollar (USD) on Monday as rate expectations and tariffs continue to drive sentiment.
USD/JPY
Fxstreet
Mon, Jul 14
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