News
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USD/CHF wavers around 0.8060 with US Jobless Claims on focus
The Swiss Franc and the US Dollar are the worst-performing currencies amid the risk-on mood on Thursday, which leaves the USD/CHF pair treading water around 0.8060, awaiting US weekly claims data for further fundamental guidance.The Greenback seems to have found some support at the 0.8040 area follo
Fxstreet
Thu, Aug 7
EMERGING MARKETS-FX, stocks higher as markets shrug off US tariffs; Russia, Ukraine assets jump
Russian, Ukrainian assets jump on Trump-Putin meeting prospectsTrump announces chip tariffs, but some firms exempt Regional equities advance, tracking Wall Street's gains MSCI EM FX up 0.3%, stocks add 1.1%By Purvi Agarwal and Sukriti Gupta Aug 7 (Reuters) - Most emerging market currencies we...Reuters
Thu, Aug 7
Japanese official: Bank of Japan may be behind the curve vs. inflation
A private-sector member of the Japanese government’s Economic Council said on Thursday that he is “worried that the Bank of Japan (BoJ) may be behind the curve vs. inflation, which is already affecting people's livelihood,” per Reuters.
Fxstreet
Thu, Aug 7
EUR/JPY Price Forecast: Hovers around 172.00, support appears at nine-day EMA
EUR/JPY holds ground after registering gains in the previous two consecutive sessions, trading around 171.90 during the European hours on Wednesday. The technical analysis of the daily chart suggests the ongoing neutral market bias as the currency cross remains within the rectangular pattern.
Fxstreet
Thu, Aug 7
CEE MARKETS-Czech crown hits 18-month high as rate cut outlook eyed
BUDAPEST, Aug 7 (Reuters) - The Czech crown hit an 18-month high on Thursday ahead of a central bank meeting where interest rates are widely expected to remain unchanged, although investors will look for signs of whether the monetary easing cycle is at or near an end.Central European assets got a bo...Reuters
Thu, Aug 7
EUR/USD: Likely to trade with an upward bias – UOB Group
There is a chance for EUR to test 1.1685; a sustained rise above this level appears unlikely. In the longer run, Euro (EUR) is likely to trade with an upward bias; it is unclear for now if it can reach 1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Aug 7
Silver Price Forecast: XAG/USD is testing resistance at $38.30
Silver (XAG/USD) is heading higher on Thursday, favoured by a weaker US Dollar, as market concerns about the US economic outlook and higher hopes of Fed rate cuts are weighing heavily on the US Dollar.The US Dollar Index, which measures the Greenback against a basket of the most traded currencies, h
Fxstreet
Thu, Aug 7
Sterling rises before BoE meet, 'gradual and careful' guidance under scrutiny
By Stefano Rebaudo Aug 7 (Reuters) - Sterling rose against a weakening dollar on Thursday with the markets watching whether the Bank of England will maintain its “gradual and careful” language on the pace of policy easing at its meeting due later in the day.That slow and steady path no longer loo...Reuters
Thu, Aug 7
NZD/USD rises beyond 0.5950 on risk appetite, strong China exports
The New Zealand Dollar appreciates for the second consecutive day against the US Dollar on Thursday, buoyed by a positive market mood and strong import and export data from China, pointing to the economic recovery of New Zealand’s main trading partner.
Fxstreet
Thu, Aug 7
INDIA RUPEE-Rupee holds firm on intervention expectations, shrugs off fresh US tariffs
By Nimesh Vora MUMBAI, August 7 (Reuters) - The Indian rupee was largely unchanged on Thursday, defying pressure from additional U.S. tariffs as expectations of central bank intervention supported the Asian currency, traders said. The rupee was quoted at 87.7250 to the U.S. dollar as of 1:16 p.m...Reuters
Thu, Aug 7
FOREX-Euro hits fresh highs on peace talks in Ukraine, BoE in focus
Euro rises on hopes for peace deal in UkraineDollar on backfoot on data, risks of partisanship in U.S. institutionsSwiss Franc up vs dollar despite high tariffsSterling marks time ahead of anticipated BoE cutBy Stefano Rebaudo and Rocky Swift Aug 7 (Reuters) - The euro hit a fresh 1-1/2-week ...Reuters
Thu, Aug 7
GBP/JPY falls below 196.50 as BoE eyes quarter basis point rate cut
GBP/JPY depreciates after registering gains in the previous two successive sessions, trading around 196.30 during the European hours on Thursday. The currency cross remains subdued following the release of Halifax House Prices from the United Kingdom (UK).
Fxstreet
Thu, Aug 7
RPT-Trump tariff salvo sees India central bank return to out-of-favour rupee derivative tool
By Nimesh Vora MUMBAI, August 7 (Reuters) - The Reserve Bank of India has resumed intervention in the non-deliverable forwards market over the past fortnight to manage rupee volatility triggered by mounting trade tensions with the United States, four bankers told Reuters.This marks a return to a...Reuters
Thu, Aug 7
Trump tariff salvo sees India central bank return to out-of-favour rupee derivative tool
By Nimesh Vora MUMBAI, August 7 (Reuters) - The Reserve Bank of India has resumed intervention in the non-deliverable forwards market over the past fortnight to manage rupee volatility triggered by mounting trade tensions with the United States, four bankers told Reuters.This marks a return to a...Reuters
Thu, Aug 7
Chinese firms sell record amount of currency options in first half of 2025
SHANGHAI, Aug 7 (Reuters) - Chinese companies sold a record amount of currency options in the first half of this year as domestic businesses, particularly exporters, bet on a steady yuan and used derivatives to make some extra money.WHY IT'S IMPORTANTThe trend is further evidence Chinese exporte...Reuters
Thu, Aug 7
