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India Morning Newsletter, July 8
To access a PDF version of this newsletter, please click here If you would like to receive this newsletter via email, please register at: https://solutions.lseg.com/MNCIndia-Subscriptionpage For an index of our newsletters click on NEWSL
Reuters
Tue, Jul 8
INDIA RUPEE-Relief for rupee after India left out of US tariff hike; Asia shrugs off Trump move
By Nimesh Vora MUMBAI, July 8(Reuters) - The Indian rupee is likely to open marginally higher on Tuesday, helped by the calm in Asian markets despite U.S. President Donald Trump imposing higher tariffs on South Korea and Japan among others. Trump’s comments about nearing a trade agreement with ...
Reuters
Tue, Jul 8
Japanese Yen weakens as trade uncertainties temper BoJ rate hike bets
The Japanese Yen (JPY) drifts lower against a weaker US Dollar (USD) for the second successive day and slides to over a two-week low during the Asian session on Tuesday.
USD/JPY
Fxstreet
Tue, Jul 8
Australian Dollar gains ground ahead of RBA policy decision
The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Tuesday, halting its three-day losing streak. The AUD/USD pair registered 1% losses in the previous session amid mounting expectations of a Reserve Bank of Australia (RBA) rate cut in July.
AUD/USD
Fxstreet
Tue, Jul 8
Yen stumbles as Trump imposes 25% tariffs on Japan
Trump unveils 25% tariffs on Japan, South KoreaJapan's yen, South Korean won struggle to recover from lossesConcerns over global economic outlook persistRBA expected to cut rates on July 8By Rae Wee SINGAPORE, July 8 (Reuters) - The yen fell broadly on Tuesday while the dollar held steady as ...
USD/JPY
Reuters
Tue, Jul 8
PBOC sets USD/CNY reference rate at 7.1534 vs. 7.1506 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1534 as compared to the previous day's fix of 7.1506 and 7.1772 Reuters estimate.
USD/CNH
Fxstreet
Tue, Jul 8
NZD/USD gathers strength above 0.6000 as Trump opens to further trade negotiations
The NZD/USD pair recovers some lost ground to near 0.6015, snapping the four-day losing streak during the Asian session on Tuesday.
NZD/USD
Fxstreet
Tue, Jul 8
GBP/USD pauses losses as Trump’s tariff threats increase risk aversion
GBP/USD shed some weight on Monday, trimming further into the low side and adding onto near-term losses as Pound Sterling bulls take a breath.
GBP/USD
Fxstreet
Mon, Jul 7
USD/CAD holds positive ground above 1.3650 amid firmer US Dollar
The USD/CAD pair edges higher to near 1.3670 during the early Asian session on Tuesday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) after US President Donald Trump announced new tariffs set to go into effect on August 1 for some trading partners.
USD/CAD
Fxstreet
Mon, Jul 7
RBA set to cut interest rate amid soft inflation and weak growth
The Reserve Bank of Australia (RBA) is holding a monetary policy meeting on Tuesday and is set to lower the Official Cash Rate (OCR) by 25 basis points (bps) to 3.60% from 3.85%. The July monetary policy announcement will take place on Tuesday at 04:30 GMT.
AUD/USD
Fxstreet
Mon, Jul 7
AUD/JPY Price Forecast: Holds steady below 95.00 ahead of RBA decision
The AUD/JPY edged up on Monday and gained 0.17%, finishing the day near 94.79 as traders digested actions by the White House, which sent several letters to countries, setting tariffs on their imports into the US. Although it usually triggered a risk-off impulse, the Yen failed to gain traction.
AUD/JPY
Fxstreet
Mon, Jul 7
EUR/USD slumps as Trump sparks fresh trade-war fears
EUR/USD tumbled on Monday during the North American session amid a risk-off impulse, courtesy of an escalation in the trade war, as US President Donald Trump began sending letters with tariffs imposed on some countries.
EUR/USD
Fxstreet
Mon, Jul 7
FOREX-Dollar rises after Trump announces Japan, South Korea tariffs
Moratorium on 'Liberation Day' levies ends on WednesdayHigher tariff rates to take effect from August 1Trump threatens additional tariffs on BRICS nationsBy Hannah Lang NEW YORK, July 7 (Reuters) - The dollar rose sharply against other major currencies on Monday, after U.S. President Dona...
Reuters
Mon, Jul 7
AUD/USD falters as RBA rate cut expectations and fading momentum weigh
AUD/USD extended losses on Monday, falling over 0.87% on the day to trade near 0.6487 at the time of writing.
AUD/USD
Fxstreet
Mon, Jul 7
EMERGING MARKETS-Latam FX down, dollar up as Trump announces tariffs on many trade partners
US president threatens extra 10% tariffs on BRICS Trump unveils 25% tariffs on Malaysia, Kazakhstan, South KoreaMSCI Latam stocks down 1.9%, set to snap five-day win streakBrazilian real, stocks down more than 1% eachKazakhstan dollar bonds, Malaysia ETF fall By Ragini Mathur and Shashwat Chauhan ...
Reuters
Mon, Jul 7
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Monday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.4% lower at C$1.366 to the greenback, or 73.21 U.S. cents, after trading in a range of 1.3595 to 1.3685.Canadian government 10-year bond yields CA10YT=RR ro...
Reuters
Mon, Jul 7
Canadian Dollar tumbles after fresh Greenback strength
The Canadian Dollar (CAD) fell back on Monday, catching a fresh bout of risk aversion as investors stepped back into the safe haven US Dollar (USD).
USD/CAD
Fxstreet
Mon, Jul 7
USD/JPY surges on Trump's tariff threats on Japan and increased demand for US Dollar
USD/JPY surges past 146.00 as trade tensions between the US and Japan escalate and US yields rise.
USD/JPY
Fxstreet
Mon, Jul 7
EUR/USD declines after Trump targets Japan and South Korea with new tariffs
The Euro (EUR) remains under pressure on Monday, after briefly dipping below the 1.1700 mark against the US Dollar (USD), following the publication of official tariff letters by US President Donald Trump on Truth Social.
EUR/USD
Fxstreet
Mon, Jul 7
EUR/JPY rises on EU-US trade deal hopes as Trump announces 25% tariffs on Japan
The Euro (EUR) is strengthening against the Japanese Yen (JPY) as investors shift focus to trade talks ahead of the Wednesday tariff deadline.
EUR/JPY
Fxstreet
Mon, Jul 7
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