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GBP tumbles on softer data ahead of next month’s BoE meeting – Scotiabank
Pound Sterling (GBP) is down 0.3% againt the US Dollar (USD) and trading heavily in response to the release of weaker than expected data including an unexpected contraction in monthly GDP, a worrisome decline in industrial production, and a wider than expected trade deficit, Scotiabank's Chief FX St
Fxstreet
Fri, Jul 11
FOREX-Dollar firms after Trump unveils new tariffs; bitcoin at record
Canada hit with 35% tariff, others face blanket 15% to 20%Canadian dollar slides, euro under pressureSterling at two-week low after UK economy shrinks in MayBitcoin at record high on renewed regulatory optimismBy Rae Wee and Johann M Cherian SINGAPORE, July 11 (Reuters) - The U.S. dollar rose on ...Reuters
Fri, Jul 11
EUR steady around 1.17 – Scotiabank
The Euro (EUR) is entering Friday’s NA session unchanged against the US Dollar (USD) as it outperforms most of the G10 currencies in an environment of broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Fri, Jul 11
EUR/GBP Price Forecast: Breaches channel top at 0.8640 after downbeat UK data
The Euro is trading higher on Friday, supported by a weaker Pound, following a raft of downbeat macroeconomic figures in the UK. The pair has breached the top of the last two weeks' trading channel between 0.8600 and 0.8640 and is trading at 0.8645 at the time of writing.
Fxstreet
Fri, Jul 11
NZD/USD: Set to trade in a range between 0.5995 and 0.6045 – UOB Group
Outlook appears unclear; New Zealand Dollar (NZD) could trade in a range between 0.5995 and 0.6045 against US Dollar (USD). In the longer run, price action indicates that further NZD weakness is likely; the level to watch is 0.5950, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Jul 11
GBP/USD: Chance of retesting the 1.3535 level – UOB Group
Pound Sterling (GBP) could retest the 1.3535 level against US Dollar (USD); the major support at 1.3510 is unlikely to come under threat. In the longer run, the likelihood of GBP dropping to 1.3510 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Jul 11
Sterling slips as weak growth data fuels rate cut expectations
By Johann M Cherian July 11 (Reuters) - Sterling slipped on Friday and was trading close to a more than two-week low after data showed the UK economy contracted for the second month, boosting expectations that the Bank of England could lower borrowing costs next month.Gross domestic product shran...Reuters
Fri, Jul 11
USD/CHF retreats from 0.7980 with investors wary about higher tariffs
The US Dollar is trimming gains against the safe-haven Swiss Franc on Friday, as the increasing uncertainty about global trade and investors' concerns about the impact of higher tariffs in the US economy have crushed risk appetite.The Greenbacks rebound from Thursday’s lows at 0.7920 have been cappe
Fxstreet
Fri, Jul 11
MTY Food Group Q2 net income surges on foreign exchange gains
OverviewMTY Food fiscal Q2 revenue largely in line with analyst expectations, per LSEG dataAdjusted EPS for Q2 missed analyst expectations, per LSEG dataNet income surged due to foreign exchange gainsCompany repurchased 297,000 shares for C$12.6 millionOutlookMTY expects stability in 2025 normalized...Reuters
Fri, Jul 11
UK economy shrinks again in May, raising new worries over outlook
UK GDP falls 0.1% in May, after 0.3% decline in AprilDrops in industry and construction cancel out services growthData adds to difficulties for UK growth-seeking governmentFinance minister Reeves says data "disappointing"By Andy Bruce and William Schomberg July 11 (Reuters) - Britain'...Reuters
Fri, Jul 11
EMERGING MARKETS-FX set for first weekly loss in six as Trump tariffs dominate
Trump puts 35% tariff on Canada, EU tariff rate awaitedRomanian inflation rises above expectations in JuneSouth Africa's rand set for biggest weekly loss since MarchMSCI EM FX flat, stocks off 0.1%By Ragini Mathur and Purvi Agarwal July 11 (Reuters) - Most emerging market currencies inched lo...Reuters
Fri, Jul 11
CEE MARKETS-Currencies drift as investors eye US tariffs
WARSAW, July 11 (Reuters) - Central European currencies held largely steady on Friday as investors as they assessed more U.S. trade tariffs and awaited developments regarding potential levies on the European Union.The U.S. dollar rose on Friday, fuelled by upheavals on the global trade landscape, as...Reuters
Fri, Jul 11
ECB should ease monetary policy if disinflationary trends intensify, Panetta says
MILAN, July 11 (Reuters) - The European Central Bank should continue to loosen its monetary policy if threats to economic growth from international trade tensions and geopolitical instability strengthen the current disinflationary trends, a policymaker said on Friday.ECB governing council member Fab...Reuters
Fri, Jul 11
