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AUD/USD eases trims gains but remains near YTD highs above 0.6600
The Aussie is pulling back from the eight-month highs at 0.6625 hit earlier today, as the US Dollar pares some losses, but remains above 0.6600, consolidating gains after having rallied about 2% over the last five days.The trade deal between the US and Japan and hopes of an immediate agreement with
Fxstreet
Thu, Jul 24
RPT-COLUMN-Conditions as loose as 2021 call into question more Fed cuts: Mike Dolan
By Mike Dolan LONDON, July 24 (Reuters) - Amid all the mounting political pressure on the Federal Reserve to resume cutting interest rates, Chair Jay Powell is already overseeing the loosest financial conditions in the U.S. economy since before the central bank started hiking early in 2022.To be ...Reuters
Thu, Jul 24
Sterling poised to end 3-day rally vs dollar on economic, tax concerns
By Stefano Rebaudo July 24 (Reuters) - Sterling was set to snap a three-day winning streak against the dollar on Thursday, pressured by concerns over the UK economy and potential tax hikes.Progress in U.S. trade talks with key partners eased investor worries about a global trade war, sparking a r...Reuters
Thu, Jul 24
TRY: Restart of cutting cycle is here – Commerzbank
The Turkish central bank is likely to return to the cutting cycle today after tightening conditions in March and April. We expect a 250bp cut to 43.50% in line with market surveys. However, expectations are tilted towards a larger rate cut.Fxstreet
Thu, Jul 24
CEE MARKETS-Currencies gain slightly, US tariffs and ECB in focus
WARSAW, July 24 (Reuters) - Central European currencies were a touch stronger on Thursday, with the Czech crown at its highest level in 13 months, ahead of an interest rate decision by the European Central Bank and the possibility of a trade agreement between the European Union and the United States...Reuters
Thu, Jul 24
EUR/GBP hits session highs at 0.8680 on upbeat Eurozone PMIs, trade deal hopes
The Euro is posting moderate gains on Thursday, after bouncing from 0.8640 on Wednesday, but remains trapped within the weekly range, with investors awaiting details of a widely expected trade deal with the US, and the outcome of the European Central Bank’s meeting.News reporting that Eurozone and U
Fxstreet
Thu, Jul 24
UK firms struggle to grow as BoE rate decision approaches
By William SchombergLONDON, July 24 (Reuters) - British business activity grew only weakly in July and employers cut jobs at the fastest pace in five months, according to a survey that is likely to add to speculation about a Bank of England interest rate cut next month.The S&P Global UK Composit...Reuters
Thu, Jul 24
FOREX-Dollar edges up against euro, slips versus yen on trade deal progress
Expectations for higher rates support yenPossible trade deal with Europe in line with expectationsAustralian dollar rises on risk asset rallyFocus on ECB rate decision later in the dayBy Stefano Rebaudo and Rae Wee July 24 (Reuters) - The dollar edged higher against the euro on Thursday following...Reuters
Thu, Jul 24
Eurozone Preliminary Manufacturing PMI edges higher to 49.8 in July as expected
The Eurozone manufacturing sector remained in contraction, while the services sector expanded in July, according to data from the HCOB's latest Purchasing Managers' Index (PMI) Survey, published on Thursday.Fxstreet
Thu, Jul 24
