News
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EUR/JPY Price Forecast: Retains bullish bias near 170.50, overbought RSI warrants caution for bulls
The EUR/JPY cross gains traction to near 170.45 during the Asian trading hours on Monday. The Japanese Yen (JPY) softens against the Euro (EUR) as data released on Monday revealed that real wages in Japan fell for five consecutive months in May, the fastest pace in nearly two years.
Fxstreet
Mon, Jul 7
Yuan softens as markets await US tariff deadline
SHANGHAI, July 7 (Reuters) - China's yuan eased against the greenback on Monday as investors turned cautious ahead of U.S. President Donald Trump's Wednesday deadline for agreeing deals on trade tariffs, seeking cues on the currency's near-term direction.The United States is close to fin...Reuters
Mon, Jul 7
FOREX-Dollar pinned near multi-year lows as Trump tariff deadline looms
Moratorium on "Liberation Day" levies ends on WednesdayHigher tariff rates to come into effect from August 1Aussie, NZ dollars decline ahead of central bank decisionsBy Kevin Buckland TOKYO, July 7 (Reuters) - The U.S. dollar hovered near its lowest since 2021 against the euro and the wea...Reuters
Mon, Jul 7
USD/CAD sticks to modest gains above 1.3900 amid sliding Oil prices, USD uptick
The USD/CAD pair trades with a positive bias for the second straight day on Monday and climbs to the 1.3920-1.3925 area during the Asian session. The uptick is sponsored by a combination of factors, though the lack of follow-through buying warrants caution for aggressive bullish traders.
Fxstreet
Mon, Jul 7
INDIA RUPEE-Rupee to track Asian peers lower after Trump flags return to higher tariffs if no deal
By Nimesh Vora MUMBAI, July 7(Reuters) - The Indian rupee is poised to begin the week on a weak note, pressed by the decline in Asian peers following U.S. President Donald Trump's comments that higher tariffs could be reinstated by August if trade deals aren't secured. The one-month n...Reuters
Mon, Jul 7
Australia, NZ dollars start big central bank week on back foot as tariff uncertainty mounts
SYDNEY, July 7 (Reuters) - The Australian and New Zealand dollars started a big central bank week on the back foot as investors braced for U.S. trade uncertainty that could linger for weeks now that there appears to be a delay in the tariff implementation date. The Aussie AUD=D3 fell 0.5% on ...Reuters
Mon, Jul 7
Iron ore futures drop on China steel output curbs, trade uncertainty
BEIJING, July 7 (Reuters) - Iron ore futures slid on Monday as renewed concerns over demand weighed on the market, pressured by output restrictions in top consumer China's major steel production hub of Tangshan and lingering uncertainty over U.S. trade tariffs. The most-traded September iron ore...Reuters
Mon, Jul 7
NZD/USD extends downside below 0.6050 as traders await details of tariff deals
The NZD/USD pair extends the decline to around 0.6035 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) weakens against the Greenback amid tariff uncertainty triggered by US President Donald Trump.
Fxstreet
Mon, Jul 7
EUR/USD remains below 1.1800 due to renewed trade concerns, Eurozone Retail sales eyed
EUR/USD edges lower after registering gains in the previous session, trading around 1.1780 during the Asian hours on Monday. The pair struggles due to renewed tariff concerns, driven by the comments from US Treasury Secretary Scott Bessent.
Fxstreet
Mon, Jul 7
AUD/USD weakens to near 0.6550 on renewed tariff concerns
The AUD/USD pair trades in negative territory for the third consecutive day near 0.6550 during the early Asian session on Monday. The renewed concern about a global trade war weighs on the Australian Dollar (AUD) against the Greenback.
Fxstreet
Sun, Jul 6
FOREX-Dollar pinned near multi-year lows as Trump tariff deadline looms
By Kevin Buckland TOKYO, July 7 (Reuters) - The U.S. dollar hovered near its lowest since 2021 against the euro and the weakest since 2015 versus the Swiss franc on Monday, with traders alert for any trade-related headlines in the countdown to President Donald Trump's tariff deadline.Most U.S...Reuters
Sun, Jul 6
EUR/USD holds near highs despite tariff jitters, eyes on EU data next week
EUR/USD posted minimal gains of 0.18% on Friday amid thin liquidity conditions, as markets in the United States are closed due to the Independence Day holiday. The shared currency is poised to close the week with gains of 0.53% despite the release of solid US economic data this week.Fxstreet
Fri, Jul 4
USD/JPY Price Forecast: Eyes breakout as triangle narrows, but lacks momentum
The US Dollar (USD) is trading slightly lower against the Japanese Yen (JPY) on Friday, with the USD/JPY hovering around 144.50 in subdued holiday-thinned conditions as US markets remain closed for Independence Day.
Fxstreet
Fri, Jul 4
CORRECTED -Bank of Italy selects 4 systemic risk countries for lenders, including Russia
MILAN, July 4 (Reuters) - The Bank of Italy said on Friday it had selected the United States, Great Britain, Switzerland and Russia as countries outside the European Union that its banks have significant exposure to, under rules designed to govern systemic risks.The Bank of Italy used end-2024 data ...Reuters
Fri, Jul 4
