News
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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
IFX Payments' Argentex takeover deal terminated
Aug 7 (Reuters) - The previously announced acquisition of Britain's Argentex AGFX.L by cross-border payments provider IFX Payments has been terminated after the currency risk management business entered administration last month, the companies said on Thursday.The companies had agreed to an emer...Reuters
Thu, Aug 7
EUR/GBP holds below 0.8750, all eyes on BoE rate decision
The EUR/GBP cross trades on a negative note near 0.8730 during the early European session on Thursday. The Euro (EUR) remains weak against the Pound Sterling (GBP) after the German Industrial Production data. All eyes will be on the Bank of England (BoE) interest rate decision later on Thursday.
Fxstreet
Thu, Aug 7
USD/CHF trades with negative bias around mid-0.8000s, downside remains cushioned
The USD/CHF pair trades with a negative bias for the third consecutive day, though it lacks follow-through selling amid mixed fundamental cues. Spot prices manage to hold above the weekly low through the Asian session on Thursday and currently trade just above mid-0.8000s, down 0.10% for the day.
Fxstreet
Thu, Aug 7
Australia, NZ dollars hit one-week highs amid US dollar malaise
AUD, NZD rebound but still long way to break out of recent rangeNAB trims near-term forecast for Aussie SYDNEY, Aug 7 (Reuters) - The Australian and New Zealand dollars hit one-week highs on Thursday as their U.S. counterpart felt the heavy weight of rate cut bets, growth worries and tariff jitt...Reuters
Thu, Aug 7
FOREX-Dollar holds losses on US economy concerns, Fed appointments
Dollar remains on backfoot on Fed rate cut betsSterling marks time ahead of anticipated BoE cutBy Rocky Swift TOKYO, Aug 7 (Reuters) - The dollar remained lower against major peers on Thursday, as expectations of Federal Reserve rate cuts grew and concerns swirled about partisanship creeping into...Reuters
Thu, Aug 7
Silver Price Forecast: XAG/USD extends the rally to above $38.00 amid renewed trade concerns
The Silver price (XAG/USD) extends its upside around $38.05 during the early European trading hours on Thursday. The white metal trades in positive territory for the fifth consecutive day amid a softer US Dollar (USD).
Fxstreet
Thu, Aug 7
NZD/USD climbs near 0.5950 after China surplus, RBNZ inflation outlook
NZD/USD extends its gains for the second successive session, trading around 0.5950 during the Asian hours on Thursday. The pair appreciates following the release of China’s trade balance and the Reserve Bank of New Zealand’s (RBNZ) Inflation Expectations data.
Fxstreet
Thu, Aug 7
EUR/USD holds positive ground above 1.1650 ahead of German Industrial Production data
The EUR/USD pair trades with mild gains around 1.1665 during the Asian trading hours on Thursday, bolstered by a weaker US Dollar (USD). The German June Industrial Production, Eurozone Economic Bulletin and US weekly Jobless Claims will be released later on Thursday.
Fxstreet
Thu, Aug 7
China's July exports top forecasts amid rush to meet Trump tariff deadline
July exports +7.2% y/y vs +5.4% in Reuters pollImports +4.1% y/y vs forecast -1.0% in pollChina faces August 12 deadline to reach trade deal with U.S. BEIJING, Aug 7 (Reuters) - China's exports beat forecasts in July, as manufacturers made the most of a fragile tariff truce between Beijing a...Reuters
Thu, Aug 7
China's July dollar-denominated exports rise 7.2% y/y, imports up 4.1%
BEIJING, Aug 7 (Reuters) - China's export growth picked up pace in July, expanding 7.2% from a year earlier in value terms, while imports grew 4.1%, customs data showed on Thursday.Outbound shipments were expected to expand an annual 5.4%, according to a Reuters poll of economists, down from a 5...Reuters
Thu, Aug 7
REFILE-USD/INR NDFs largely calm after US imposes additional tariffs on India
MUMBAI, Aug 7 (Reuters) - USD/INR non-deliverable forwards (NDFs) remained largely unmoved after U.S. President Donald Trump's announcement of increased tariffs on Indian goods.On Wednesday, Trump issued an executive order imposing an additional 25% tariff on goods from India, citing the country...Reuters
Thu, Aug 7
NZD/USD weakens to below 0.5950 ahead of RBNZ Inflation Expectations release
The NZD/USD pair trades on a softer note around 0.5930 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) amid renewed tensions between the United States (US) and China.Fxstreet
Thu, Aug 7
