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Sterling nudges lower but still near multi-year highs, looking past UK politics
LONDON, July 2 (Reuters) - The pound eased a touch against the dollar on Wednesday but held near its near-four-year top hit the previous day, one of the many beneficiaries of the greenback's recent weakness. Investors by and large looked through political drama in Britain where Prime Minister Ki...Reuters
Wed, Jul 2
ECB should consider mildly supportive stance as on low growth, inflation, Wunsch says
Not uncomfortable with market pricing of interest ratesThere is a risk of inflation falling too lowStrong euro also argument for supportive stanceBy Balazs Koranyi SINTRA, Portugal, July 2 (Reuters) - Euro zone inflation is at risk of falling short of the ECB's target and there is a case for ...Reuters
Wed, Jul 2
RPT-Italy could lose 20 bln euros in exports, 118,000 jobs with US tariffs, industry head says
MILAN, July 2 (Reuters) - Italy risks losing 20 billion euros ($23.6 billion) in exports and 118,000 jobs next year if the U.S. imposes tariffs of 10% on all European products, the head of the main Italian business lobby said on Wednesday."Italy does not just export luxury products - with a dem...Reuters
Wed, Jul 2
AUD/USD: May still test 0.6595 – UOB Group
Australian Dollar (AUD) may still test 0.6595 against US Dollar (USD), but a sustained rise above this level is unlikely. 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
Wed, Jul 2
EMERGING MARKETS-FX, stocks steady as investors await US trade updates, tax reform bill
Poland's interest rate decision expectedIMF to provide Sri Lanka with $350 million after fourth reviewTrump suggests not extending tariff deadline By Ragini Mathur and Purvi Agarwal July 2 (Reuters) - Most emerging market stocks and currencies steadied on Wednesday as investors monitored glob...Reuters
Wed, Jul 2
Italy could lose 20 bln euros in exports, 118,000 jobs with US tariffs, industry head says
MILAN, July 2 (Reuters) - Italy risks losing 20 billion euros ($23.6 billion) in exports and 118,000 jobs next year if the U.S. imposes tariffs of 10% on all European products, the head of the main Italian business lobby said on Wednesday."Italy does not just export luxury products - with a dem...Reuters
Wed, Jul 2
USD/JPY: Break below 142 could target 140 and 136.50 – Societe Generale
USD/JPY has slipped below its multi-month trend line and is inching toward a critical support zone near 142.10/141.50, with momentum indicators showing no clear conviction. A decisive break could open the way to deeper losses toward 140 and even 136.50, Societe Generale's FX analysts report.Fxstreet
Wed, Jul 2
AUD/USD remains depressed below YTD peak, around 0.6565 ahead of US ADP report
The AUD/USD pair attracts some sellers on Wednesday and moves away from a fresh year-to-date high, around the 0.6590 area touched the previous day. Spot prices remain depressed near the 0.6565-0.6560 region through the first half of the European session, though the downside potential seems limited.Fxstreet
Wed, Jul 2
EUR/USD: Sintra forum in full focus – OCBC
Euro (EUR) rose to an intraday high of 1.1829 briefly yesterday before easing. EUR was last at 1.1774 levels. ECB Vice President Guindos said that a rise in the euro beyond $1.20 could create challenges for policymakers, though he sees current levels as no cause for concern.Fxstreet
Wed, Jul 2
USD/CAD steadies above 1.3640 ahead of US ADP employment data
The US Dollar maintains a moderately positive tone against the Canadian Dollar on Wednesday, favoured by strong US job openings and manufacturing data seen on Tuesday, with all eyes on the US ADP employment report, due later on Wednesday.The USD/CAD bounced up from two-week lows right below 1.3600 f
Fxstreet
Wed, Jul 2
AUD/JPY Price Forecast: Tests 94.50 barrier, while finding support at nine-day EMA
AUD/JPY gains ground after registering gains in the previous session, trading around 94.50 during the European hours on Wednesday. As per the technical analysis of the daily chart, the currency cross continues to move upwards within an ascending channel pattern, indicating a prevailing bullish bias.
Fxstreet
Wed, Jul 2
USD/MXN holds gains near 18.70, extends recovery due to stronger US Dollar
USD/MXN edges higher for the second successive day, extending its recovery slightly after rebounding from 18.66, the lowest since August 2024, which was recorded on July 1. The pair is trading around 18.70 during the European hours on Wednesday.
Fxstreet
Wed, Jul 2
FOREX-Dollar wallows near 3-1/2-year low as Fed easing, Trump bill in focus
Fed's Powell does not rule out an interest rate cut this monthMassive tax, spending bill goes back to House for final approvalTrump continues attacks on Powell, putting pressure on dollarBy Kevin Buckland and Alun John TOKYO/LONDON, July 2 (Reuters) - The U.S. dollar languished near its lowes...Reuters
Wed, Jul 2
