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FOREX-Dollar steadies but set for weekly drop as focus shifts to Fed, BOJ meetings
Sentiment boosted by US-Japan trade dealMarkets pause ahead of next week's Fed, BOJ policy meetingsFocus on US-EU trade negotiationsMarkets shrug off Trump's Fed visit Pound weakens on euro and dollar after soft economic data By Ankur Banerjee and Alun John SINGAPORE/LONDON, July 25 (Reut...Reuters
Fri, Jul 25
CAD weak and extending Thursday’s decline – Scotiabank
The Canadian Dollar (CAD) is weak, down 0.3% against the US Dollar (USD) and extending Thursday’s losses as it gives up the bulk of this week’s early gains, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Fri, Jul 25
NZD/USD has likely moved into a 0.6015/0.6055 – UOB Group
New Zealand Dollar (NZD) has likely moved into a 0.6015/0.6055 consolidation phase. In the longer run, NZD could continue to rise; the next level to watch is 0.6080, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Jul 25
Brazil's current account deficit reaches $5.131 billion in June
BRASILIA, July 25 (Reuters) - Brazil posted a current account deficit of $5.131 billion in June, central bank data showed on Friday, while economists polled by Reuters were expecting a narrower $4.363 billion shortfall.Foreign direct investment for the month totaled $2.81 billion, well below the $4....Reuters
Fri, Jul 25
AUD/USD: Short-term momentum has eased slightly – UOB Group
The current price movements are likely part of a 0.6570/0.6615 consolidation phase. In the longer run, short-term momentum has eased slightly; AUD may still move to 0.6645, but the odds are not high, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Jul 25
GBP/USD: Upward momentum has largely faded – UOB Group
Pullback in Pound Sterling (GBP) could extend but is unlikely to threaten 1.3450 (there is another support level at 1.3490). In the longer run, upward momentum has largely faded; GBP is expected to trade in a range of 1.3450/1.3590, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Jul 25
EUR/GBP Price Forecast: Rallies to fresh highs and looks to the 0.8735 level
The Euro extends its gains for the second consecutive day against the Pound Sterling, reaching fresh three-week highs above 0.8700, with bulls targeting the year-to-date high of 0.8740.UK data released earlier on Friday revealed that Retail Sales increased by a softer-than-expected 0.9% rate in June
Fxstreet
Fri, Jul 25
USD/JPY: Interim upside risk – OCBC
USD/JPY took a turn higher as Tokyo core CPI surprised to the downside (2.9% vs 3% exp), further pushing back expectations of BoJ policy normalisation – in terms of the timing of the next rate hike. Pair was last at 147.87 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Fri, Jul 25
Sterling at four month low against euro as UK and euro zone rates diverge
LONDON, July 25 (Reuters) - The pound dropped to its weakest level against the euro in four months on Friday as a weekly decline in gilt yields on soft British data contrasted with higher European yields on expectations the European Central Bank is done with rate cuts. The euro reached as high as 87...Reuters
Fri, Jul 25
EUR/USD: Consolidation on the daily chart – OCBC
Euro (EUR) consolidated overnight after 4 days of rally. Pause comes as markets re-evaluate prospects of trade deals. EU believe a trade deal with US is within reach ahead of 1 August deadline. Pair was last seen at 1.1740 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Fri, Jul 25
USD/JPY rises further and approaches 148.00 as the US Dollar firms up
The US Dollar extends its rally against the Japanese Yen for the second consecutive day on Friday: The pair has erased weekly losses and is nearing 148.00 from Thursday’s lows below 146.00 as US Treasury yields pick up with enthusiasm about this week’s trade deals fading.Previous market optimism isFxstreet
Fri, Jul 25
CEE MARKETS-Forint, crown lead currencies higher as investors eye EU-US trade deal
By Krisztina Than and Jason HovetBUDAPEST/PRAGUE, July 25 (Reuters) - The Hungarian forint scaled 10-month highs against the euro on Friday while the Czech crown hit its strongest levels since January 2024, supported by hopes of a U.S.-EU trade deal and the yields that the emerging currencies offer ...Reuters
Fri, Jul 25
