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EUR/CHF rangebound amid diverging ECB and SNB policies
The Euro (EUR) struggles to gain traction against the Swiss Franc (CHF) on Monday, with EUR/CHF hovering around the 0.9350 level amid diverging monetary policies from the European Central Bank (ECB) and the Swiss National Bank (SNB), coupled with persistent safe-haven demand for the Swiss Franc.
Fxstreet
Mon, Jul 7
GBP/USD holds above key level, despite rate divergene and trade war jitters
The Pound Sterling is virtually unchanged during the North American session, yet it remains above a key technical level, following a solid US jobs report in the United States (US). This, along with the likelihood of further tax hikes by the UK government, is exerting pressure on Cable.
Fxstreet
Mon, Jul 7
EMERGING MARKETS-Latam FX, stocks slide as US tariff uncertainty deters investors
Trump delays tariff increase to August 1, deal hopes riseTrump threatens extra 10% tariffs on BRICSColombia's inflation data awaitedMSCI Latam FX down 0.7%, stocks shed 1.2%By Ragini Mathur July 7 (Reuters) - Most Latin American currencies weakened against the dollar on Monday, while stocks w...Reuters
Mon, Jul 7
Russian rouble strengthens against China's yuan as central bank boosts forex sales
MOSCOW, July 7 (Reuters) - The Russian rouble strengthened against the Chinese yuan and traded flat against the U.S. dollar on Monday as the central bank increased its net foreign currency sales by almost a third. By 1500 GMT, the rouble RUB= was flat at 78.70 per U.S. dollar, according to LSEG...Reuters
Mon, Jul 7
FOREX-Dollar firms against peers as investors brace for Trump tariff deadline
Moratorium on 'Liberation Day' levies ends on WednesdayHigher tariff rates to take effect from August 1Trump threatens additional tariffs on BRICS nationsBy Hannah Lang and Johann M Cherian NEW YORK, July 7 (Reuters) - The dollar firmed against other major currencies on Monday, after rema...Reuters
Mon, Jul 7
AUD/USD declines as market braces for RBA rate cut amid rising trade tensions
The Australian Dollar (AUD) weakens further against the US Dollar (USD) on Monday, marking its third consecutive daily decline, as investors grow increasingly confident the Reserve Bank of Australia (RBA) will deliver another rate cut at Tuesday’s meeting.
Fxstreet
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 0.3% lower at C$1.3647 to the greenback, or 73.28 U.S. cents, after trading in a range of 1.3595 to 1.3685.Canadian government 10-year bond yields CA10YT=RR r...Reuters
Mon, Jul 7
FOREX-Dollar wobbles near multi-year lows as investors brace for Trump tariff deadline
Moratorium on 'Liberation Day' levies ends on WednesdayHigher tariff rates to take effect from August 1Trump threatens additional tariffs on BRICS nationsBy Kevin Buckland, Johann M Cherian TOKYO, July 7 (Reuters) - The dollar firmed against other major currencies on Monday, after remarks...Reuters
Mon, Jul 7
USD/CAD recovery extends to levels near 1.3700 boosted by risk aversion
The US Dollar accelerated its recovery against the Canadian Dollar on Monday with renewed concerns about US tariffs fuelling a rush for safety, as the July 9 deadline approaches.The Greenback is trading 0.5% higher on the day, and 0.8% above last week’s lows as Trump announced letters to “some count
Fxstreet
Mon, Jul 7
Sterling slips with economic data, tariff uncertainty in focus
By Johann M Cherian July 7 (Reuters) - Sterling slipped on Monday in a lacklustre start to a week packed with economic data reports that could offer clues to the interest rate outlook, while globally investors watched the latest deadline on U.S. tariffs.Sterling slipped 0.3% and last fetched $1.3...Reuters
Mon, Jul 7
USD/CHF advances beyond 0.7970 with US tariffs boosting risk aversion
The US Dollar and the Swiss Franc are the best performers among major currencies on Monday, as investors rush for safety, anxious that Trump’s tariffs will cause a significant disruption in global trade. Between them, however, the Dollar is showing a mild advantage.
Fxstreet
Mon, Jul 7
EMERGING MARKETS-Currencies, stocks decline amid caution on US tariff developments
Trump delays tariff increase to August 1, deals hopes riseSouth African rand slumps after Trump's BRICS threatHungary's retail sales rise 2.1% in annual terms in MayTurkish assets down amid political turmoilBy Ragini Mathur and Purvi Agarwal July 7 (Reuters) - Most emerging market stocks ...Reuters
Mon, Jul 7
South Africa says BRICS is a push for reformed multi-lateralism, nothing more
JOHANNESBURG, July 7 (Reuters) - South Africa's foreign ministry spokesperson said the BRICS group should be seen as a push for "reformed multi-lateralism, nothing more," after U.S. President Donald Trump accused BRICS of "anti-American policies" and threatened an extra 10% tarif...Reuters
Mon, Jul 7
South Africa says it is not anti-American after Trump's BRICS tariff threat
JOHANNESBURG, July 7 (Reuters) - South Africa is not anti-American and still wants to negotiate a trade deal with the United States, a trade ministry spokesman said, after U.S. President Donald Trump threatened an extra 10% tariff on countries aligned with the BRICS grouping.Trump accused the BRICS ...Reuters
Mon, Jul 7
