News
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Siemens Energy expects double-digit million euro tariff hit in Q4
FRANKFURT, Aug 6 (Reuters) - Siemens Energy ENR1n.DE expects a mid double-digit million euro hit to profits in the fourth quarter, its CEO Christian Bruch said on Wednesday, also flagging hits of similar magnitude in 2026.Bruch, speaking to journalists after presenting third-quarter results, said th...Reuters
Wed, Aug 6
NZD/USD gathers strength above 0.5900 ahead of RBNZ Inflation Expectations release
The NZD/USD pair gathers strength to near 0.5920 during the early European session on Wednesday. Increased expectations of a Federal Reserve (Fed) rate cut weigh on the US Dollar (USD). Fed officials are scheduled later on Wednesday, including Susan Collins, Lisa Cook and Mary Daly.
Fxstreet
Wed, Aug 6
South Korea in talks with US on FX policy, no specific direction in mind
SEOUL, Aug 6 (Reuters) - South Korea's Finance Ministry is consulting with its U.S. counterpart on currency policy but does not have a specific direction in mind for foreign exchange rates, Minister Koo Yun-cheol said on Wednesday. Koo said that the government's stance remains that foreign e...Reuters
Wed, Aug 6
Honda - See Fy2025/26 Global Group Retail Sales Of 3.62 Million Vehicles Versus Previous Forecast Of 3.62 Million
Aug 6 (Reuters) - Honda Motor Co Ltd 7267.T:HONDA: SEE FY2025/26 GLOBAL GROUP RETAIL SALES OF 3.62 MILLION VEHICLES VERSUS PREVIOUS FORECAST OF 3.62 MILLIONHONDA: SEE FY2025/26 NORTH AMERICA SALES OF 1.68 MILLION VEHICLES VERSUS PREVIOUS FORECAST OF 1.68 MILLIONHONDA: SEE FY2025/26 JAPAN SALES OF ...Reuters
Wed, Aug 6
EUR/GBP weakens to near 0.8700 after German Factory Orders data
The EUR/GBP cross trades in negative territory around 0.8700 during the early European session on Wednesday. The Euro (EUR) edges lower against the Pound Sterling (GBP) due to weaker Eurozone Purchasing Managers Index (PMI) data.
Fxstreet
Wed, Aug 6
GBP/JPY holds above 196.00 as traders await BoE policy update on Thursday
The GBP/JPY cross attracts some sellers in the vicinity of mid-196.00s during the Asian session on Wednesday and, for now, seems to have stalled the previous day's goodish recovery move from the lowest level since June 19.
Fxstreet
Wed, Aug 6
FOREX-Dollar drifts as investors await Fed governor replacement
By Rae Wee and Gregor Stuart Hunter SINGAPORE, Aug 6 (Reuters) - The dollar remained fixed in its recent trading channel on Wednesday, with investors choosing to stay on the sidelines after another round of weak data and as U.S. President Donald Trump prepared to fill a coming vacancy on the Fede...Reuters
Wed, Aug 6
USD/INR extends correction as RBI holds Repo Rate at 5.5%, guides neutral stance
The Indian Rupee (INR) gains sharply against the US Dollar (USD) and its other peers on Wednesday as the Reserve Bank of India (RBI) has left key borrowing rates steady. The RBI keeps its Repo Rate on hold at 5.5%, as expected.Fxstreet
Wed, Aug 6
AUD/JPY rises above 95.50 following disappointing Japan’s Labor Cash Earnings
AUD/JPY extends its gains for the second consecutive day, trading around 95.70 during the Asian hours on Wednesday. The currency cross rose as the Japanese Yen (JPY) faced challenges following disappointing wage data, which fueled renewed economic concerns in Japan.
Fxstreet
Wed, Aug 6
Japan's veteran lawmaker Kono urges BOJ to raise rates
Japan must balance budget, cut spending, LDP's Kono saysCalls for big spending, tax cuts keeping bond market volatileVeteran lawmaker says era of 'Abenomics' is overBy Leika KiharaTOKYO, Aug 6 (Reuters) - Japan must balance its budget and push the central bank to raise interest rates to ...Reuters
Wed, Aug 6
USD/CHF holds losses near 0.8050 as traders expect a Fed rate cut at upcoming meeting
USD/CHF edges lower after two days of gains, trading around 0.8070 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) weakens due to prevailing dovish sentiment surrounding the US Federal Reserve (Fed) policy outlook.
Fxstreet
Wed, Aug 6
GBP/USD strengthens above 1.3305 as investors await Fed board appointee
The GBP/USD pair trades on a positive note near 1.3305 during the Asian trading hours on Wednesday. The Greenback softens against the Pound Sterling (GBP) as traders await US President Donald Trump's pick for a vacancy on the Federal Reserve's (Fed) Board of Governors.Fxstreet
Wed, Aug 6
Yuan edges lower in tight trade as investors await trade data, monitor Sino-US ties
Yuan trades softer in tight range against a steady dollarChina July trade data due on ThursdayBeijing's 'anti-involution' campaign may help lift yuan, economist says SHANGHAI, Aug 6 (Reuters) - China's yuan softened against a steady U.S. dollar on Wednesday, trading in tight range...Reuters
Wed, Aug 6
