News
Important Only
Gerdau's adjusted profit falls near 9% in Q2, tariffs boost US operations
SAO PAULO, July 31 (Reuters) - Brazilian steelmaker Gerdau GGBR4.SA on Thursday reported an 8.6% decline in its second-quarter adjusted net profit year-on-year, slightly below analysts' expectations despite stronger performance of North American operations due to U.S. tariffs. Brazil's lar...Reuters
Thu, Jul 31
USD/CAD gathers strength above 1.3850 as Trump raises tariff on Canada to 35%
The USD/CAD pair edges higher to near 1.3855 during the early Asian session on Friday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) after US President Donald Trump raised Canada's tariff to 35%. The US Nonfarm Payrolls (NFP) for July will take center stage later on Friday.
Fxstreet
Thu, Jul 31
EUR/USD steadies near 1.1400 as hot US data supports Fed hold, eyes on NFP
The EUR/USD recovered some ground on Thursday, up a modest 0.10% after data from the United States (US) revealed a strong economy, justifying the Federal Reserve’s reluctance to reduce rates, as witnessed on Wednesday. AT the time of writing, the pair trades at 1.1417, virtually unchanged.
Fxstreet
Thu, Jul 31
COLUMN-'America First' agenda could leave US dollar behind: Pelosky
By Jay Pelosky NEW YORK, July 31 (Reuters) - Europe and Asia could leverage U.S. President Donald Trump’s "America First" strategy for their own benefit, eventually spurring the development of regional tripolar FX blocs that could erode the dominance of the U.S. dollar and reshape global ...Reuters
Thu, Jul 31
Canada's TMX Group Q2 revenue up 15%, beats estimates
OverviewTMX Group Q2 revenue grows 15%, beating analyst expectations, per LSEG dataAdjusted EPS for Q2 rises 21%, beating consensus, per LSEG dataCompany announces 10% dividend increase, fifth in three yearsOutlookTMX Group remains committed to executing long-term growth strategyResult DriversDERIVA...Reuters
Thu, Jul 31
Engineered materials firm Rogers Q2 sales beat estimates
OverviewRogers Corp Q2 net sales rise 6.5% sequentially, beating analyst expectationsAdjusted EPS for Q2 misses analyst expectations, per LSEG dataCo repurchased $28 mln of shares and announced AES cost-saving initiativesOutlookRogers expects Q3 2025 net sales of $200 mln to $215 mlnCompany anticipa...Reuters
Thu, Jul 31
Stryker raises annual profit forecast on steady demand for surgical devices
July 31 (Reuters) - Stryker SYK.N raised its annual profit forecast and beat quarterly profit estimates on Thursday, banking on strong demand for its medical and surgical devices.Medical and surgical device makers have benefited from a surge in demand as more American consumers, particularly older i...Reuters
Thu, Jul 31
FOREX-Dollar set for first monthly gain of 2025 as trade deals ease uncertainty
BOJ revises up inflation forecasts; yen strengthens slightlyDollar buoyant with year's first monthly gain in sightFed reiterates patient approach on ratesSouth Korea to face 15% US tariffs, more trade deals awaitedBy Amanda Cooper and Chibuike Oguh NEW YORK/LONDON, July 31 (Reuters) - The U.S...Reuters
Thu, Jul 31
USD/JPY surges to four-month high as BoJ maintains dovish stance
The Japanese Yen (JPY) weakens for the sixth consecutive day against the US Dollar with the USD/JPY pair surging to its highest level in over four months after the Bank of Japan (BoJ) kept its short-term interest rate steady at 0.50% for a fourth consecutive meeting, as widely expected
Fxstreet
Thu, Jul 31
CANADA FX DEBT-Canadian dollar extends monthly decline as trade deal prospects dim
Canadian dollar dips 0.1% against the greenbackFor the month, the loonie loses 1.7%May GDP decreases by 0.1%10-year yield eases 4.1 basis points to 3.448%By Fergal Smith TORONTO, July 31 (Reuters) - The Canadian dollar weakened to a two-month low against its U.S. counterpart on Thursday, pressure...Reuters
Thu, Jul 31
Forex Today: The US NFP grabs all the attention
The US Dollar (USD) extended its advance for yet another day on Thursday, reaching new two-month peaks as investors continued to assess the latest FOMC event and higher US inflation, all ahead of the critical release of the Nonfarm Payrolls on Friday.Fxstreet
Thu, Jul 31
EUR/CHF slides to multi-month low as Euro struggles amid trade woes
The Euro (EUR) weakens for the fourth straight day against the Swiss Franc (CHF) on Thursday, pressured by concerns over the recently announced US-EU trade agreement, which investors perceive as one-sided and unfavorable for the European Union (EU).
Fxstreet
Thu, Jul 31
Ferragamo Exec says Forex effects, especially US Dollar and Chinese Yuan, are hurting group
July 31 (Reuters) - Salvatore Ferragamo SpA SFER.MI Executive Board Member Ernesto Greco says in post-results call:FERRAGAMO EXECUTIVE: STRATEGY REVISION LED BY INTERNAL MANAGEMENT OF COMPANY AND EXTERNAL CONSULTANTSFERRAGAMO EXECUTIVE: CURRENCIES, ESPECIALLY US DOLLAR AND CHINESE YUAN, ARE AGAINST ...Reuters
Thu, Jul 31
FOREX-U.S. dollar headed for first monthly gain of 2025 as trade deals lower uncertainty
BOJ revises up inflation forecasts; yen strengthens slightlyDollar buoyant with year's first monthly gain in sightFed reiterates patient approach on ratesSouth Korea to face 15% US tariffs, more trade deals awaitedBy Amanda Cooper and Chibuike Oguh NEW YORK/LONDON, July 31 (Reuters) - The dol...Reuters
Thu, Jul 31
South African central bank lowers inflation goal without minister's sign-off
Central bank wants lower inflation targetFinance minister yet to give formal approvalBank forges ahead anyway with latest announcementBy Kopano Gumbi, Sfundo Parakozov and Alexander Winning PRETORIA, July 31 (Reuters) - South Africa's central bank said on Thursday it would now aim for 3% inf...Reuters
Thu, Jul 31
GBP/USD slips as Fed pushes back on September cut, US data support Dollar
The GBP/USD posted moderate losses during the North American session on Thursday after the Federal Reserve (Fed) held rates on Wednesday and failed to provide forward guidance for the September meeting. This, along with solid US jobs data and an uptick in inflation, boosted the Dollar.Fxstreet
Thu, Jul 31
