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Sweden's economy weaker than expected in second quarter
GDP +0.1% in second quarter vs forecast +0.3%Year-on-year +0.9% compared with forecast +1.1%Could lead to more stimulus, economist says STOCKHOLM, July 29 (Reuters) - Sweden's gross domestic product grew by just 0.1% in the second quarter, preliminary data from the Statistics Office showed on...Reuters
Tue, Jul 29
USD/CAD advances to nearly two-week high, above mid-1.3700s ahead of US data
The USD/CAD pair prolongs its uptrend for the fourth straight day on Tuesday and climbs to a one-and-a-half-week top, above mid-1.3700s during the early European session. The momentum is sponsored by sustained US Dollar (USD) buying.
Fxstreet
Tue, Jul 29
Sika first half results hit by dollar weakness
Company lowers full-year sales guidanceCurrency fluctuations had big impactCompany expects to grow faster than marketShares indicated lower in premarketBy John RevillZURICH July 29 (Reuters) - Sika SIKA.S gave a more cautious full-year sales guidance on Tuesday after a weaker dollar weighed on the S...Reuters
Tue, Jul 29
Swedish flash GDP data shows economy grew by 0.1% yr/yr in Q2
STOCKHOLM, July 29 (Reuters) - Sweden's gross domestic product increased by 0.1% in the second quarter of the year compared with the previous three month period, preliminary figures from the Statistics Office showed on Tuesday.Against the same quarter a year earlier, GDP expanded by 0.9%.Economi...Reuters
Tue, Jul 29
China's yuan at one-week low; market awaits Sino-US talks, Politburo meet
SHANGHAI, July 29 (Reuters) - China's yuan touched a fresh one-week low against the dollar on Tuesday, pressured by the US currency's broad strength overseas after the US-EU trade deal, while investors anxiously await the outcome of trade talks between Beijing and Washington.The dollar jumpe...
Reuters
Tue, Jul 29
FOREX-Euro struggles 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 SINGAPORE, July 29 (Reuters) - The euro struggled to recoup its steep losses on Tuesday as investors sobered up to the fact that terms of the trade deal bet...Reuters
Tue, Jul 29
USD/INR refreshes four-month high as Indian Rupee faces multiple headwinds
The Indian Rupee (INR) posts a fresh four-month high against the US Dollar (USD) at open on Tuesday. The USD/INR pair slides to near 87.08 as the Indian Rupee continues to face headwinds from the outflow of foreign funds by institutional investors and a decent recovery in the Oil price.Fxstreet
Tue, Jul 29
Australia, NZ dollars steady after tumble, gain on battered euro
SYDNEY, July 29 (Reuters) - The Australian and New Zealand dollars steadied on Tuesday, having tumbled overnight on worries that President Donald Trump's new trade deal with Europe could weigh on economic growth there, sending the euro sharply lower. The Aussie AUD=D3 was little changed at $0.65...Reuters
Tue, Jul 29
EUR/JPY Price Forecast: Retreats further from yearly top; seems vulnerable below 172.00
The EUR/JPY cross extends the previous day's retracement slide from the vicinity of the 174.00 mark, or a fresh one-year high, and drifts lower for the second consecutive day on Tuesday. Spot prices drop to the 171.80 region during the Asian session and seem vulnerable to slide further.
Fxstreet
Tue, Jul 29
GBP/USD Price Forecast: Falls below 1.3350 due to prevailing bearish bias
The GBP/USD pair extends its losing streak for the fourth successive session, trading around 1.3340 during the Asian hours on Tuesday. The bearish bias prevails as the daily chart’s technical analysis suggests that the pair remains within the descending channel pattern.
Fxstreet
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
Australia, NZ dollars steady after tumble, gain on battered euro
SYDNEY, July 29 (Reuters) - The Australian and New Zealand dollars steadied on Tuesday, having tumbled overnight on worries that President Donald Trump's new trade deal with Europe could weigh on economic growth there, sending the euro sharply lower. The Aussie AUD=D3 inched up 0.1% to $0.6528, ...Reuters
Tue, Jul 29
EUR/USD remains below 1.1600 as US-EU trade deal appears to favor US economy
EUR/USD moves little after registering more than 1% losses in the previous session, trading around 1.1590 during the Asian hours on Tuesday. The pair faced challenges as the US Dollar (USD) rose on trade optimism, driven by the trade deal between the United States (US) and the European Union (EU).
Fxstreet
Tue, Jul 29
Ex-BOJ deputy chief Nakaso sees 'cracks' in dollar's supremacy
Global economy at 'inflection point' as fragmentation risk risesNo change to dollar's supremacy but diversification to continueBOJ likely to resume interest rate hike once uncertainty clearsBOJ must be vigilant to upside inflation risks, Nakaso saysBy Leika Kihara TOKYO, July 29 (Reut...Reuters
Tue, Jul 29
USD/CAD hovers near 1.3750 amid uncertainty over US-Canada tariff deal
USD/CAD halts its three-day winning streak, trading around 1.3740 during the Asian hours on Tuesday. The pair may further appreciate as the Canadian Dollar (CAD) could struggle amid rising tariff uncertainty between the United States (US) and Canada.Fxstreet
Tue, Jul 29
