News
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INDIA RUPEE-Indian rupee down; likely saved from all-time low by RBI intervention
By Dharamraj Dhutia MUMBAI, Aug 5 (Reuters) - The Indian rupee weakened on Tuesday as U.S.-India trade tensions escalated, though likely central bank intervention helped avert a slide to a record low.The currency INR=IN was at 87.8275 to the U.S. dollar at 1:15 p.m. IST, weaker than Monday's ...Reuters
Tue, Aug 5
GBP/JPY attracts some buyers to above 195.50 despite rising BoJ rate hike bets
The GBP/JPY cross attracts some buyers to around 195.60 during the early European trading hours on Tuesday. The Japanese Yen (JPY) edges lower against the Pound Sterling (GBP) amid risk-on sentiment and political uncertainty in Japan.
Fxstreet
Tue, Aug 5
USD/CAD remains below 1.3800 due to subdued Oil prices, US ISM Services PMI eyed
USD/CAD holds ground after two days of losses, trading around 1.3790 during the Asian hours on Tuesday. The pair moves little as the commodity-linked Canadian Dollar (CAD) struggles amid weaker crude Oil prices.
Fxstreet
Tue, Aug 5
COLUMN-Markets struggle to price smoke and mirrors: Mike Dolan
By Mike Dolan LONDON, Aug 5 (Reuters) - Just when financial markets appeared to be normalizing after this spring's tariff shocks, they've been sent another curve ball that will be fiendishly hard to price.Following news of huge downward revisions to U.S. May and June payrolls, President D...Reuters
Tue, Aug 5
FOREX-Dollar steady as rate cut odds rise, risk appetite returns
Traders now pricing in 94% chance of Fed rate cut in September Investors wary of tariff impact Yen steady after BOJ minutes hint at hike resumptionBy Ankur Banerjee and Gregor Stuart HunterSINGAPORE, Aug 5 (Reuters) - The dollar found its footing on Tuesday as traders weighed whether rising odds of ...Reuters
Tue, Aug 5
EUR/GBP ticks down to near 0.8700, BoE policy takes centre stage
The EUR/GBP pair edges lower to near the round level of 0.8700 during the late Asian trading session on Tuesday. The pair faces a slight selling pressure, while investors shift their focus to the Bank of England’s (BoE) monetary policy announcement on Thursday.
Fxstreet
Tue, Aug 5
DHL Q2 profit beats expectations on cost discipline
Aug 5 (Reuters) - German logistics giant DHL DHLn.DE reported higher than expected second-quarter operating profit on Tuesday, as strict cost discipline helped to overcome currency headwinds and slower trade volumes momentum.The company posted a quarterly earnings before interest and tax (EBIT) of 1...Reuters
Tue, Aug 5
AUD/JPY Price Forecast: Bears await acceptance below 95.00; 200-day SMA breakdown in play
The AUD/JPY cross struggles to capitalize on its modest Asian session uptick and languishes near the 95.00 psychological mark, close to a nearly four-week low touched the previous day. Moreover, the technical setup suggests that the path of least resistance for spot prices is to the downside.
Fxstreet
Tue, Aug 5
USD/INR opens gap up as Trump threatens higher tariffs on India again
The Indian Rupee (INR) opens on a gap-down note against the US Dollar (USD) on Tuesday, sending the USD/INR pair to its all-time high of around 88.25. The Indian currency faces intense selling pressure as trade tensions between India and the United States (US) have escalated.Fxstreet
Tue, Aug 5
GBP/USD holds steady above 1.3250 as investors brace for US ISM Services PMI release
The GBP/USD pair trades on a flat note near 1.3280 during the Asian trading hours on Tuesday. Nonetheless, rising odds of Federal Reserve (Fed) rate cuts could weigh on the US Dollar (USD) against the Cable.Fxstreet
Tue, Aug 5
Australia dollar slips on rate burden, kiwi braces for jobs data
SYDNEY, Aug 5 (Reuters) - The Australian dollar slipped on Tuesday as soft local data underscored market wagers for a rate cut next week, while the kiwi braced for a jobs report that may highlight the weakness in the economy. Data from ANZ and employment website Indeed showed the Australian job ads ...Reuters
Tue, Aug 5
