News
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Kazakhstan's central bank says it intervened to support tenge currency
By Mariya GordeyevaALMATY, July 30 (Reuters) - Kazakhstan's central bank said on Wednesday it had started foreign exchange interventions to support the tenge currency, which fell to a historical low of 550 to the U.S. dollar during the trading session. "In conditions of extremely low liquid...Reuters
Wed, Jul 30
GBP/USD pierces 1.3300 on US data, Fed takes the spotlight
The GBP/USD pair shed over 60 pips early in the American session on Wednesday and defies the 1.3300 figure, as investors weigh better-than-expected United States (US) data. The Sterling Pound (GBP) held ground throughout the first half of the day, but capitulated to broad US Dollar (USD) demand.
Fxstreet
Wed, Jul 30
EUR/USD tumbles to multi-week low as robust US data fuels US Dollar rally
The Euro (EUR) is on the back foot for a fifth straight day against the US Dollar on Wednesday, weighed down by a stronger Greenback and ongoing concerns over the recently announced US-EU trade deal, which many investors see as skewed in Washington’s favor.Fxstreet
Wed, Jul 30
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.2% lower at C$1.3803 to the greenback, or 72.45 U.S. cents, after trading in a range of 1.3759 to 1.3806.Canadian government 10-year bond yields CA10YT=R...Reuters
Wed, Jul 30
Trump pushes rate cut as Fed meets, second quarter data released
WASHINGTON, July 30 (Reuters) - President Donald Trump on Wednesday again called on the Federal Reserve to lower benchmark rates after data showed U.S. economic growth rebounded more than expected in the second quarter."2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! “Too Late” MUST NOW LOWER THE...Reuters
Wed, Jul 30
United Microelectronics Q2 revenue up 3.4%, sees mild rise in wafer shipments in Q3
OverviewUMC Q2 revenue rises 3.4% yr/yr to $58.76 bln New Taiwan Dollars (NT$)Net income for Q2 declines 35.4% yr/yr to NT$8.90 blnRevenue from 22/28nm business reaches record high, accounting for 40% of salesOutlookUMC expects mild increase in wafer shipments in Q3 2025Company anticipates decline i...Reuters
Wed, Jul 30
EUR trading defensively, despite better data and supportive spreads – Scotiabank
The Euro (EUR) is trading somewhat defensively into Wednesday’s NA session, ignoring the release of stronger than expected data with a modest surprise to euro area confidence figures and the Q2 GDP print, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Wed, Jul 30
CAD soft into BoC despite expectations for hold – Scotiabank
The Canadian Dollar (CAD) is soft, entering Wednesday’s NA session with a marginal decline as market participants look to the 9:45am ET Bank of Canada rate decision, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Wed, Jul 30
FOREX-Dollar mixed after four-day rally, Fed meeting in focus
Investors watch for signs of internal dissent within the FedEuro on track for first monthly drop since December 2024 Jefferies says trade deal is welcome for the euro areaYen firms as investors await BOJ meeting By Stefano Rebaudo July 30 (Reuters) - The U.S. dollar struggled for direction on Wed...Reuters
Wed, Jul 30
USD/JPY faces slight selling pressure ahead of Fed-BoJ policy announcements
The USD/JPY pair edges down to near 148.00 during the European trading session on Wednesday. The pair faces a slight selling pressure ahead of the Federal Reserve’s (Fed) monetary policy decision at 18:00 GMT.Fxstreet
Wed, Jul 30
Weak rouble, higher oil may help Russia if Trump's tariffs hit, analysts say
Rouble, stock market fall after Trump commentsFalling rouble lifted shares in some exporting firmsInvestors are lining up to buy forexSome weakening of the rouble is welcomed by markets By Elena Fabrichnaya MOSCOW, July 30 (Reuters) - Russian markets reacted cautiously to U.S. President Donald Tr...Reuters
Wed, Jul 30
INDIA RUPEE-Tariff worries trigger rupee's steepest fall in nearly three months
By Ashwin Manikandan and Jaspreet Kalra MUMBAI, July 30 (Reuters) - The Indian rupee posted its steepest one-day drop since May and hit a five-month low on Wednesday, hurt by worries over steep U.S. tariffs on Indian exports alongside dollar demand from foreign banks and importers.The rupee hit a...Reuters
Wed, Jul 30
AUD/USD struggles around 0.6500 as Australian inflation cools down, Fed policy awaited
The AUD/USD pair falls to near 0.6500 during the European trading session on Wednesday. The Aussie pair faces selling pressure as the Australian Dollar (AUD) weakens, following the release of the Australia Consumer Price Index (CPI) data for the second quarter of the year and June.
Fxstreet
Wed, Jul 30
Fresh Del Monte Q2 revenue up 4%, beats expectations
OverviewFresh Del Monte fiscal Q2 rev grows 4% yr/yr, beating analyst expectationsGross profit for fiscal Q2 rises 6%, driven by fresh and value-added productsCo maintains strong balance sheet with reduced long-term debt and robust cash flowOutlookFresh Del Monte expects growth in pineapple and fres...Reuters
Wed, Jul 30
