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FOREX-Dollar reaches one-month high versus euro on trade deal optimism, Fed in view
Euro poised for first monthly loss against dollarUS-EU trade deal criticized by some euro zone leadersUS and China agree to extend tariff truceDollar index set for first month of gains this yearBy Chibuike Oguh NEW YORK, July 29 (Reuters) - The dollar hit a one-month high versus the euro on Tuesd...Reuters
Tue, Jul 29
China could see high tariffs if it continues to buy Russian oil, says Bessent
STOCKHOLM, July 29 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday he had told Chinese officials that, given U.S. secondary tariff legislation on sanctioned Russian oil, China could face high tariffs if Beijing continued with its Russian oil purchases.Bessent was speaking after two...Reuters
Tue, Jul 29
Sweden 'very supportive' of EU-US trade deal, says Bessent
OSLO, July 29 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that he and Sweden's Prime Minister Ulf Kristersson had discussed the trade deal struck by the European Union and the United States, and that the Swedish leader was in favour of it. "The prime minister (and) the ...Reuters
Tue, Jul 29
Extension of US-China tariff truce subject to Trump approval, says Bessent
STOCKHOLM, July 29 (Reuters) - President Donald Trump will have the final say on whether China and the United States will prolong a truce regarding their trade, U.S. Treasury Secretary Scott Bessent told reporters on Tuesday.A 90-day extension is one option to approve, and trade negotiators from Chi...Reuters
Tue, Jul 29
GBP/USD slips to 10-week low as JOLTS miss offsets Fed caution
GBP/USD registers modest losses of over 0.10% on Tuesday after jobs data in the United States (US) showed signs of cooling, according to the Job Openings and Labor Turnover Survey (JOLTS). The Federal Reserve (Fed) has begun its two-day monetary policy meeting, which will end on July 30.
Fxstreet
Tue, Jul 29
CANADA FX DEBT-Canadian dollar hits five-week low on broad-based US dollar strength
Canadian dollar falls 0.3% against the greenbackHits a five-week low at 1.3788Price of oil increases 1.4%Bond yields ease across a flatter curveBy Fergal Smith TORONTO, July 29 (Reuters) - The Canadian dollar weakened to a five-week low against its U.S. counterpart on Tuesday as the greenback pos...Reuters
Tue, Jul 29
Russian rouble declines further vs dollar on Trump's new Ukraine deadline
MOSCOW, July 29 (Reuters) - Russia's rouble fell further against the dollar and China's yuan on Tuesday, reacting to U.S. President Donald Trump's setting of a new, shorter deadline for Moscow to agree an end to the war in Ukraine. The rouble was down 1.5% as of 1530 GMT at 82.44 to...Reuters
Tue, Jul 29
FOREX-Dollar hits one-month high versus euro on trade deal optimism
Euro extends losses from previous sessionUS-EU trade deal criticized by some Eurozone leadersDollar buoyant; focus on Fed, BOJ nextDollar index set for first month of gains this yearBy Chibuike Oguh NEW YORK, July 29 (Reuters) - The dollar hit a one-month high versus the euro on Tuesday in the wa...Reuters
Tue, Jul 29
IMF lifts 2025 GDP emerging economies' outlook on improved China view
IMF raises emerging economies' 2025 GDP forecast to 4.1% from 3.7%China's 2025 GDP growth forecast increased to 4.8% due in part to tariff reductionsRussia and South Korea's GDP forecasts downgraded for 2025By Rodrigo Campos NEW YORK, July 29 (Reuters) - The International Monetary Fun...Reuters
Tue, Jul 29
Euro extends losses as US-EU trade pact fuels US Dollar demand, Fed decision in focus
The Euro (EUR) edges lower for the second straight day against the US Dollar (USD) on Tuesday, as the Greenback extended its rally following the US-EU trade agreement, which has faced heavy criticism across Europe for being one-sided and heavily skewed in favor of the United States (US).
Fxstreet
Tue, Jul 29
Euro bulls wince as US-EU trade deal slams the brakes on rally
Euro saw biggest first half gains in its historySpeculative long euro bets at $18.4 billion ahead of weekend Trade deal removes uncertainty for dollar as well as euroFears for dollar at start of year unrealised By Alun John, Yoruk Bahceli and Nell Mackenzie LONDON, July 29 (Reuters) - Euro bulls ...Reuters
Tue, Jul 29
CORRECTED-IMF lifts 2025 GDP emerging economies' outlook on improved China view
IMF raises emerging economies' 2025 GDP forecast to 4.1% from 3.7%China's 2025 GDP growth forecast increased to 4.8% due in part to tariff reductionsRussia and South Korea's GDP forecasts downgraded for 2025By Rodrigo Campos NEW YORK, July 29 (Reuters) - The International Monetary Fun...Reuters
Tue, Jul 29
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Tuesday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.3% lower at C$1.3777 to the greenback, or 72.58 U.S. cents, after trading in a range of 1.3732 to 1.378.Canadian government 10-year bond yields CA10YT=RR f...Reuters
Tue, Jul 29
American Tower lifts 2025 property revenue forecast as wireless carriers vie for infrastructure
July 29 (Reuters) - Wireless infrastructure provider American Tower AMT.N raised its annual property revenue forecast on Tuesday, betting on healthy leasing activity by wireless carriers.Competition among wireless service providers has been rising as they rush to enhance capacity for 5G services, be...Reuters
Tue, Jul 29
FOREX-Euro hits one-month low after reality check on US-EU trade deal, markets await cenbank decisions
Euro struggles after 1.3% fall on MondayUS-EU trade deal criticised by some Eurozone leadersDollar buoyant, focus on Fed, BOJ nextBy Rae Wee and Lucy Raitano SINGAPORE & London, July 29 (Reuters) - The euro hit a one-month low against the dollar on Tuesday as investors sobered up to the fact ...Reuters
Tue, Jul 29
JPY quiet at range low ahead of BoJ later in week – Scotiabank
The Japanese Yen (JPY) is entering Tuesday’s NA session unchanged against the US Dollar (USD) as it consolidates its recent decline to the lower end of its multi-month range, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Fxstreet
Tue, Jul 29
CAD retains a soft undertone – Scotiabank
The Canadian Dollar (CAD) is little changed on the session but retains a soft undertone after spending most of the week so far on the back foot against the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Fxstreet
Tue, Jul 29
USD/JPY: 149.20 is unlikely to come under threat – UOB Group
US Dollar (USD) could advance further against Japanese Yen (JPY); the major resistance at 149.20 is unlikely to come under threat. In the longer run, price action indicates that USD could rise toward 149.20, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Jul 29
