News
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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
NZD/USD might not be able to reach 0.5940 – UOB Group
New Zealand Dollar (NZD) could decline further against US Dollar (USD), but it might not be able to reach 0.5940. In the longer run, upward momentum has faded; tentative increase in downward momentum may lead to NZD declining to 0.5940, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Jul 29
USD/JPY pulls back from 148.75 highs with Fed and BoJ in the spotlight
The US Dollar is struggling to extend gains after a three-day rally against the Japanese Yen. The pair has been capped at 140.75 on Tuesday, a few pips short of the multi-month highs, at 149.15, as investors turn their view to the BoJ and the Fed monetary policy decisions, due on Wednesday.Fxstreet
Tue, Jul 29
Pound at 10-week low against dollar after US-EU trade deal
By Lucy Raitano LONDON, July 29 (Reuters) - The pound fell to a 10-week low against a stronger dollar on Tuesday, while staying just off a two-year low against the euro, as markets continue to digest the announcement of the trade deal between the European Union and the United States.The pound was...Reuters
Tue, Jul 29
Neogen Q4 revenue misses analyst expectations
OverviewNeogen Q4 revenue falls 4.8% yr/yr to $225.5 mln, impacted by market conditionsNet loss of $612.2 mln due to non-cash goodwill impairment from 3M acquisitionAdjusted EPS of $0.05 misses analyst expectations, per LSEG dataOutlookNeogen sees fiscal 2026 revenue between $820 mln and $840 mlnCom...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 1.1% as of 1020 GMT at 82.25 to...Reuters
Tue, Jul 29
COLUMN-Dollar shedding its tariff risk premium: Mike Dolan
By Mike Dolan LONDON, July 29 (Reuters) - The dollar's surge since the U.S.-European Union trade deal seems a little counterintuitive at first glance, but the rally suggests the greenback may be shedding its elevated trade risk premium - whether Washington wants that or not.The weekend's ...Reuters
Tue, Jul 29
EMERGING MARKETS-Currencies drop, stocks mixed with tariff deadline in sight, US data eyed
Hungary's government slashes growth forecastU.S. JOLTS data awaited IMF to update its World Economic Outlook MSCI EM FX, stocks indexes off 0.3% eachBy Purvi Agarwal and Ankita Yadav July 29 (Reuters) - Most emerging market currencies fell against a stronger dollar on Tuesday while stocks wer...Reuters
Tue, Jul 29
FOREX-Euro hits one-month low after reality check on US-EU trade deal
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
Silver Price Forecast: XAG/USD approaches a key support below $38.00
Silver (XAG/USD) is hovering above the $38.00 area for the second consecutive day, consolidating losses after a significant reversal at the end of last week, as strong US macroeconomic data curbed hopes of Fed cuts and boosted support to the US Dollar.
Fxstreet
Tue, Jul 29
US-China trade talks resume for second day in Stockholm
STOCKHOLM, July 29 (Reuters) - Top U.S. and Chinese economic officials arrived on Tuesday at the venue where they are conducting their latest bilateral round of trade negotiations, this time held in Stockholm, after previous rounds in London and Geneva.Reuters
Tue, Jul 29
UBS orders bankers to scale back sale of complex currency products, FT reports
July 29 (Reuters) - UBS UBSG.S has ordered bankers to scale back sales of complex currency derivatives after its clients suffered heavy losses due to U.S. President Donald Trump's "Liberation Day" tariff announcements, the Financial Times reported on Tuesday.Reuters could not immediately...Reuters
Tue, Jul 29
USD/CHF maintains position above 0.8050 as US Dollar advances due to trade optimism
USD/CHF extends its gains for the second successive session, trading around 0.8060 during the European hours on Tuesday. The pair appreciates as the US Dollar (USD) receives support from trade optimism, driven by the recent trade developments between the United States (US) and its trading partners.
Fxstreet
Tue, Jul 29
