News
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XAG/USD Price Forecast: Parallel channel keeps bias bullish, but momentum fades
Silver (XAG/USD) is hovering around 36.20 during the American session on Tuesday, trading in a narrow range as bulls take a breather after the sharp rally that saw the metal hit multi-year highs in June.Fxstreet
Tue, Jul 1
UK budget forecasters say they have been too upbeat, posing a risk for Reeves
LONDON, July 1 (Reuters) - Britain's official budget watchdog said on Tuesday that it had been too optimistic about the country's economic growth outlook, raising the prospect of a downgrade of its forecasts which would be a blow to finance minister Rachel Reeves.The Office for Budget Respon...Reuters
Tue, Jul 1
YPF turnover ruling in US casts shadow on Argentina's shale, FX plans
US judge orders Argentina to relinquish 51% stake in YPFArgentina government says will appeal rulingYPF leads development of major Vaca Muerta shale regionArgentina pushing shale production to bring in exports dollarsLegal standoff could hit aims to return to global marketsBy Eliana Raszewski, Leila...Reuters
Tue, Jul 1
Challenge to dollar supremacy a long way off, central bankers say
Dollar accounts for 58% of global reserves vs 20% for euroAny switch to euro won't be quick, would need reforms: LegardeNo major shift away from dollar at moment, BoE's Bailey saysBy Francesco Canepa and Balazs Koranyi SINTRA, Portugal, July 1 (Reuters) - There is no prospect of a major c...Reuters
Tue, Jul 1
YPF turnover ruling casts shadow over Argentina shale hopes, FX
US judge orders Argentina to relinquish 51% stake in YPFArgentina government says will appeal rulingYPF leads development of major Vaca Muerta shale regionArgentina pushing shale production to bring in exports dollarsLegal standoff could hit aims to return to global marketsBy Eliana Raszewski, Leila...Reuters
Tue, Jul 1
CORRECTED-Analysts tick up Mexico year-end inflation forecast
MEXICO CITY, July 1 (Reuters) - Private sector analysts see Mexico's annual headline inflation rate finishing 2025 at 4.00%, a touch above their forecast a month earlier and at the upper limit of the central bank's target range, a Bank of Mexico survey showed on Tuesday.The Bank of Mexico ta...Reuters
Tue, Jul 1
GBP/USD eases from 3-year high as BoE turns dovish, US data beats
The Pound Sterling (GBP) loses ground versus the US Dollar after hitting a new three-year peak of 1.3788, just shy of the 1.3800 figure. Economic data from the United States (US), along with dovish comments of the Bank of England’s (BoE) Governor Bailey, exerted downward pressure on the pair.
Fxstreet
Tue, Jul 1
FOREX-Dollar gains ground against major peers after better-than-expected US jobs data
US job openings show better-than-expected increaseFed Chair Powell reiterates central bank will wait for more dataDollar pares losses versus yen and Swiss francEuro cuts gains versus dollarBy Chibuike Oguh NEW YORK, July 1 (Reuters) - The U.S. dollar gained ground against major currencies includi...Reuters
Tue, Jul 1
Fed's Powell says dollar swap lines remain important tool
By Michael S. DerbyNEW YORK, July 1 (Reuters) - Federal Reserve Chairman Jerome Powell said Tuesday the U.S. central bank has no plans to change how it offers dollar liquidity to other official entities. Speaking on the matter of the Fed's dollar swap lines system, Powell told a gathering held b...Reuters
Tue, Jul 1
Euro’s Parity Narrative Collapses — EUR/USD Hits Longest Winning Streak in Years, on Track for 9-Day Rally
TradingKey - In the first half of 2025, the U.S. dollar fell at its fastest pace since the early 1970s, and the euro surged in response. The EUR/USD exchange rate is now on track to record a rare nine-day consecutive rally, rendering many Wall Street forecasts from earlier this year obsolete.TradingKey
Tue, Jul 1
Japanese Yen strengthens to over two-week high as US Dollar weakens, trade tensions linger
The Japanese Yen (JPY) gains against the US Dollar (USD) on Tuesday, reaching its highest level in over two weeks as the broadly weak Greenback remains under pressure amid fiscal uncertainty and dovish Federal Reserve (Fed) expectations.
Fxstreet
Tue, Jul 1
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Tuesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.1% lower at C$1.3625 to the greenback, or 73.39 U.S. cents, after trading in a range of 1.3592 to 1.3627.Canadian government 10-year bond yields CA10YT=RR ...Reuters
Tue, Jul 1
EXCLUSIVE-IDB seeks to unlock $11 billion-plus for sustainability goals
New FX EDGE platform to help countries manage currency riskTo issue Amazonia Bonds, provide more credit supportPart of efforts to boost action at landmark conference By Simon Jessop, Marc Jones and David Latona SEVILLE, July 1 (Reuters) - The Inter-American Development Bank aims to unlock at leas...Reuters
Tue, Jul 1
FOREX-Dollar drops versus yen, Swiss franc as Trump's tax bill and tariffs weigh
Dollar trades at multi-year lows against most major currencies Fiscal worries grow on Trump's spending bill as voting nearsSurveys on business activity, job openings awaitedBy Ankur Banerjee, Johann M Cherian SINGAPORE, July 1 (Reuters) - The U.S. dollar weakened on Tuesday, falling the most ...Reuters
Tue, Jul 1
“Golden July” for the Yen? Market Bets on JPY Strength — Could USD/JPY Return to 140?
TradingKey - Since mid-May, the USD/JPY exchange rate has hovered around 145 , with the yen’s earlier strengthening trend stalling in early 2025. However, as the U.S. dollar weakens at its fastest pace in over half a century and Japanese economic activity picks up, investors are increasingly bettingTradingKey
Tue, Jul 1
Sterling firms to three-year peak, focus on welfare bill vote
By Johann M Cherian July 1 (Reuters) - Sterling neared a three-year high on Tuesday, aided by a broad dollar weakness, as uncertainty about the health of the U.S. economy continued to pressure the U.S. currency and forced investors to look for alternatives.The pound GBP=D3, GBP= edged up 0.4% to ...Reuters
Tue, Jul 1
