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USD/CHF stalls below 0.8000 with trade tariffs hurting risk appetite
The US Dollar recovery from long-term lows, at 0.7870, has stalled on Tuesday right below the 0.8000 psychological level. The pair is trading with moderate losses on Tuesday, moving around the 0.7980 level, with the safe-haven Swiss Franc underpinned by the growing uncertainty about global trade.
Fxstreet
Tue, Jul 8
EU sets conversion rate for Bulgaria's euro zone in January 2026
BRUSSELS, July 8 (Reuters) - European Union finance ministers completed the final steps on Tuesday for Bulgaria to become the 21st member of the euro zone from January 2026, including setting the conversation rate of the Bulgarian lev to the euro.Bulgaria will join the single currency at the start o...Reuters
Tue, Jul 8
USD/JPY jumps to near 146.30 as Trump threatens 25% tariffs on Japan
The USD/JPY pair climbs to near 146.30 during the European trading session on Tuesday. The pair gains as the Japanese Yen (JPY) underperforms across the board, following the announcement of 25% reciprocal tariffs by United States (US) President Donald Trump on imports from Japan.
Fxstreet
Tue, Jul 8
Japan and South Korea Hit with New Tariffs — Will Asia See A Round of Currency Depreciation?
TradingKey - Ahead of the July 9 expiration of reciprocal tariff suspensions, U.S. President Donald Trump announced new tariffs on Japan and South Korea at 25%, reigniting concerns over trade tensions. Foreign exchange strategists warn that the yen, won, baht, and other Asian currencies may face
INDIA RUPEE-Rupee inches up tracking regional peers, spotlight stays on tariffs
By Jaspreet Kalra MUMBAI, July 8 (Reuters) - The Indian rupee posted modest gains on Tuesday, tracking strength in regional peers, as markets looked past the White House's tariff letters and instead took solace in the deadline extension to August 1 that leaves room for deals to be struck.The ...Reuters
Tue, Jul 8
Sterling gains broadly as Trump unveils tariff specifics
By Amanda Cooper LONDON, July 8 (Reuters) - The pound rose on Tuesday, gaining against the likes of the yen after the U.S. announced 25% tariffs on imports from Japan and South Korea, as investors gravitated towards markets that are at less risk of being hit by hefty duties.U.S. President Donald ...Reuters
Tue, Jul 8
Silver Price Forecast: XAG/USD hesitates below $37.00 with downside attempts finding buyers
Silver (XAG/USD) keeps trading within the last four weeks $2 range, but recent price action shows an ascending trend from late June lows, although the resistance area at $37,00 remains holding bulls and closing the path towards the $37.25 long-term high.Market’ concerns about trade uncertainty keep
Fxstreet
Tue, Jul 8
Australia's central bank stuns markets by passing up chance to cut rates
RBA holds rates at 3.85% despite market expectations for a cutAustralian dollar rises, bond futures fall after RBA decisionMarkets now favour rates bottoming at 3.10%, rather than 2.85%Treasurer Chalmers notes disappointment, cites progress on inflationBy Stella Qiu and Wayne Cole SYDNEY, July 8Reuters
Tue, Jul 8
FOREX-Yen struggles as tariff letters land, Aussie jumps after surprise RBA hold
Trump unveils 25% tariffs on Japan, South KoreaJapan's yen struggles to recover from lossesRBA leaves rates unchanged, Aussie jumpsBy Rae Wee and Amanda Cooper SINGAPORE/LONDON, July 8 (Reuters) - The yen fell broadly on Tuesday after U.S. President Donald Trump reiterated that he plans to im...Reuters
Tue, Jul 8
AUD/JPY Price Forecast: Sticks to RBA-inspired gains near mid-95.00s, or multi-month top
The AUD/JPY cross attracts strong follow-through buying on Tuesday and rallies to a nearly four-month high in reaction to the Reserve Bank of Australia's (RBA) surprise decision to keep interest rates on hold.
Fxstreet
Tue, Jul 8
Iron ore rebounds despite Trump's tariff threat triggering caution
By Amy Lv and Lewis Jackson BEIJING, July 8 (Reuters) - Iron ore futures prices rebounded on Tuesday, supported by resilient near-term demand in top consumer China, although caution triggered by U.S. President Donald Trump's threat of higher tariffs capped gains.The most-traded September iron...Reuters
Tue, Jul 8
