News
Important Only
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
GBP/JPY strengthens above 199.00 on renewed Japan tariff uncertainty
The GBP/JPY cross gains momentum to near 199.20 during the early European session on Tuesday. The Japanese Yen (JPY) softens against the Pound Sterling (GBP) on trade woes after US President Donald Trump reiterated that he plans to impose 25% tariffs on goods from Japan.
Fxstreet
Tue, Jul 8
ANALYSIS-China Inc bets Beijing will keep tight grip on yuan as US tariff fears persist
July 8 (Reuters) - Chinese businesses and investors are primed for the yuan to stay steady for now and eventually depreciate as U.S. trade tensions drag on, and a string of measures and hints from monetary authorities suggest they may be on the money.A growing pile of foreign exchange deposits at ba...Reuters
Tue, Jul 8
EUR/JPY extends the rally to near 171.50 amid Japan trade uncertainty
The EUR/JPY cross extends its upside to around 171.45 during the early European session on Tuesday. The Euro (EUR) strengthens against the Japanese Yen (JPY) amid hopes for the United States-European Union trade deals.
Fxstreet
Tue, Jul 8
NZD/USD Price Forecast: Rebounds to near 20-day EMA
The NZD/USD pair snaps four-day losing streak and rebounds to near 0.6035 during late Asian session on Tuesday. The Kiwi pair bounces back as the US Dollar (USD) corrects on Tuesday after posting a fresh weekly high the previous day.
Fxstreet
Tue, Jul 8
EUR/GBP holds position above 0.8600 ahead of German Trade Balance data
EUR/GBP retraces its recent losses from the previous session, trading around 0.8610 during the Asian hours on Tuesday. The pair edges higher ahead of Germany’s Trade Balance data release scheduled later in the day.
Fxstreet
Tue, Jul 8
FOREX-Yen struggles on trade woes, Aussie jumps after surprise RBA hold
Trump unveils 25% tariffs on Japan, South KoreaJapan's yen struggles to recover from lossesRBA leaves rates unchanged, sends Aussie surgingBy Rae Wee SINGAPORE, July 8 (Reuters) - The yen fell broadly on Tuesday after U.S. President Donald Trump reiterated that he plans to impose 25% tariffs ...Reuters
Tue, Jul 8
INDIA RUPEE-Rupee nudges higher but US tariff-driven swings keep traders cautious
By Jaspreet Kalra MUMBAI, July 8 (Reuters) - The Indian rupee gained slightly in early trading on Tuesday, in line with an uptick in most Asian peers while traders remained light-footed, awaiting clarity on the ongoing trade negotiations between India and the United States.The rupee INR=IN rose t...Reuters
Tue, Jul 8
Australia dollar jumps as RBA shocks with steady rates
By Wayne Cole SYDNEY, July 8 (Reuters) - The Australian dollar bolted higher on Tuesday after the country's central bank shocked investors by not cutting interest rates as had been widely expected, slamming a dovish debt market and pushing yields higher.The Reserve Bank of Australia ended a t...Reuters
Tue, Jul 8
FOREX-Yen struggles on trade woes, Aussie surges after surprise RBA hold
Trump unveils 25% tariffs on Japan, South KoreaJapan's yen struggles to recover from lossesRBA leaves rates unchanged, sends Aussie jumpingBy Rae Wee SINGAPORE, July 8 (Reuters) - The yen fell broadly on Tuesday after U.S. President Donald Trump reiterated that he plans to impose 25% tariffs ...Reuters
Tue, Jul 8
USD/CAD falls to near 1.3650 due to renewed tariff threats from Trump
USD/CAD depreciates after registering over 0.50% gains in the previous session, trading around 1.3650 during the Asian hours on Tuesday. The pair faces challenges as the US Dollar (USD) struggles, driven by market caution.
Fxstreet
Tue, Jul 8
AUD/JPY edges higher to near 95.50 as RBA holds cash rate steady at 3.85%
The AUD/JPY cross gathers strength to near 95.50 during the early Asian trading hours on Tuesday. The Australian Dollar (AUD) attracts some buyers against the US Dollar (USD) after the Reserve Bank of Australia (RBA) interest rate decision.
Fxstreet
Tue, Jul 8
Australia's central bank keeps rates at 3.85%, stuns markets
SYDNEY, July 8 (Reuters) - Australia's central bank on Tuesday left its cash rate steady at 3.85%, a shock for markets that had confidently wagered on a cut, saying the majority of the board wanted to wait for more information to confirm inflation was slowing.Wrapping up a two-day policy meeting...Reuters
Tue, Jul 8
EUR/USD climbs to near 1.1750 as EU seeks to conclude a trade deal with US
The EUR/USD pair attracts some buyers here to around 1.1745 during the Asian trading hours on Tuesday. The upbeat Eurozone Retail Sales data for May provides some support to the Euro (EUR) against the US Dollar (USD).
Fxstreet
Tue, Jul 8
Iron ore rebounds despite Trump's tariff threat triggering caution
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 ore contract on China's Da...Reuters
Tue, Jul 8
