News
Important Only
EUR quiet at high w/ ECB messaging neutral on rates & confident on EUR – Scotiabank
The Euro (EUR) is entering Thursday’s NA session unchanged against the US Dollar (USD) as it continues to consolidate just below Monday’s fresh multi-year high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Thu, Jul 3
Getting Germany back to growth is the top priority, finmin says
By Maria Martinez BERLIN, July 3 (Reuters) - The German government's top priority is to bring Europe's biggest economy back on track for growth, German Finance Minister Lars Klingbeil said on Thursday.Speaking at a banking event, Klingbeil said it was important to invest, carry out st...Reuters
Thu, Jul 3
GBP: The damage is done – Commerzbank
British Chancellor of the Exchequer Rachel Reeves, who is committed to budgetary discipline, suddenly found herself alone when Prime Minister Keir Starmer unexpectedly withdrew his support for her in Parliament, Commerzbank's FX analyst Antje Praefcke notes.
Fxstreet
Thu, Jul 3
Getting Germany back to growth is the top priority, finmin says
By Maria MartinezBERLIN, July 3 (Reuters) - German government's top priority is to bring Europe's biggest economy back on a growth path, German Finance Minister Lars Klingbeil said on Thursday.Speaking at a banking event, Klingbeil said it is important to invest, to carry out structural refo...Reuters
Thu, Jul 3
USD/JPY: Likely to trade between 143.00 and 144.10 – UOB Group
Further US Dollar (USD) consolidation would not be surprising against Japanese Yen (JPY), most likely between 143.00 and 144.10. In the longer run, further declines are not ruled out, but USD may consolidate for a couple of days first, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Jul 3
EUR/GBP pulls back to 0.8625 with the Pound trimming losses after Wednesday’s sell-off
The Euro is trading lower against the British Pound on Thursday, retreating from the 3 ½ month highs at 0.8670 hit on Wednesday as the uncertainty about Chancellor Rachel Reeves revived concerns about the UK’s fiscal health.UK Prime Minister, Keir Starmer, was forced to show the Government’s support
Fxstreet
Thu, Jul 3
NZD/USD: Expected to trade in a range between 0.6065 and 0.611 – UOB Group
New Zealand Dollar (NZD) is expected to trade in a range between 0.6065 and 0.6115 against US Dollar (USD). In the longer run, upward momentum has largely faded; NZD is likely to trade in a range between 0.6035 and 0.6130, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Jul 3
Sterling steadies after selloff, fiscal worries prevail
Sterling edges up against dollar and euroBond yields slip after surge on Wednesday Focus on UK fiscal outlook after failed welfare reformBy Johann M Cherian July 3 (Reuters) - Sterling edged higher on Thursday, stabilising after fiscal concerns and uncertainty about Rachel Reeves' future as B...Reuters
Thu, Jul 3
USD/JPY trades cautiously positive around 144.00 ahead of key US data
The USD/JPY pair edges higher to near 143.90 during European trading hours on Thursday. The pair trades cautiously higher as the US Dollar (USD) ticks up ahead of the United States (US) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.Fxstreet
Thu, Jul 3
AUD/USD: Expected to trade in a range of 0.6550/0.6595 – UOB Group
Australian Dollar (AUD) is expected to trade in a range of 0.6550/0.6595 against US Dollar (USD). In the longer run, should AUD break clearly above 0.6595, it could trigger a further rise toward 0.6620, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Jul 3
GBP/USD: Likely to trade between 1.3585 and 1.3705 – UOB Group
Pound Sterling (GBP) is likely to trade in a range, probably between 1.3585 and 1.3705. In the longer run, week-long positive outlook has been negated; for a continued down-move, GBP must first close below 1.3560, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Jul 3
USD/CHF upside attempts remain limited below 0.7945 ahead of the US NFP report
The US Dollar is trading with marginal gains for the second consecutive day on Thursday, but it seems unable to put any significant distance from the 14-year lows hit earlier this week, with price action limited below 0.7945.Earlier on Thursday, Switzerland’s Consumer Price Index data revealed an un
Fxstreet
Thu, Jul 3
EMERGING MARKETS-Currencies, stocks climb in run-up to US payrolls, trade deals in focus
Trump signs trade deal with Vietnam, markets hope for moreTurkey inflation dips in June, a bit below forecastSeoul stocks closed at highest level since September 2021MSCI FX up 0.2%, stocks add 0.4%By Ragini Mathur and Purvi Agarwal July 3 (Reuters) - Most emerging market stocks and currencies ed...Reuters
Thu, Jul 3
AUD/JPY treads water above 94.50 due to signs of BoJ delaying rate hikes
AUD/JPY holds its positions for the second successive session, trading around 94.60 during the European hours on Thursday. The currency cross gains ground as the Japanese Yen (JPY) faces challenges, driven by the Bank of Japan (BoJ) adopting caution on interest rate hikes.
Fxstreet
Thu, Jul 3
Russian finance ministry reverts to forex sales in July
MOSCOW, July 3 (Reuters) - The Russian Finance Ministry announced on Thursday that it plans to sell 18.77 billion roubles ($238.50 million) worth of foreign currency and gold or 0.82 billion roubles a day from the National Wealth Fund (NWF) in the coming month. The ministry bought 28.3 billion roubl...Reuters
Thu, Jul 3
EUR/GBP eyes 0.8735 after breakout – Société Générale
EUR/GBP is extending its uptrend after defending the 200-DMA in May and breaking above recent consolidation, with momentum indicators pointing higher. The pair eyes the April high at 0.8735 and projections near 0.8780, while support rests at 0.8585/0.8575, Société Générale's FX analysts note.Fxstreet
Thu, Jul 3
