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EUR/GBP gathers strength to above 0.8650, all eyes on ECB rate decision
The EUR/GBP cross trades in positive territory near 0.8670 during the early European session on Thursday, bolstered by optimism surrounding the European Union (EU) and the United States (US) trade deal. The European Central Bank (ECB) interest rate decision will take center stage later on Thursday.
Fxstreet
Thu, Jul 24
EXPLAINER-Why the Russian rouble is outperforming and what it means
MOSCOW, July 24 (Reuters) - The Russian rouble's 45% rise against the U.S. dollar since the start of the year has made it one of the world's best performing currencies - but the sharp appreciation is proving to be a double-edged sword for the heavily sanctioned Russian economy.The strength o...Reuters
Thu, Jul 24
Australian dollar hits 8-month high on cautious RBA, trade deal hopes
SYDNEY, July 24 (Reuters) - The Australian dollar hit an eight-month high on Thursday, aided by less dovish central bank speak and a rally in global stocks on trade deal optimism, while kiwi lagged a little behind. Overnight, Wall Street extended its record breaking rally after the U.S.-Japan trade ...Reuters
Thu, Jul 24
FOREX-Euro, yen upbeat on trade progress
Trump to visit Federal Reserve on ThursdayMarket mood buoyant as more trade deals expectedEuro steady, yen holds gains despite domestic political uncertaintyFocus on ECB rate decision later in the dayBy Rae Wee SINGAPORE, July 24 (Reuters) - The euro crept toward its highest level in nearly four ...Reuters
Thu, Jul 24
EUR/USD extends the rally above 1.1750 ahead of ECB rate decision
The EUR/USD pair extends its upside to around 1.1775 during the early European session on Thursday. The Euro (EUR) edges higher against the US Dollar (USD) amid hope for the European Union (EU) and the United States (US) trade deal.
Fxstreet
Thu, Jul 24
China's yuan hits 8-month high as PBOC moves to boost investor confidence
SHANGHAI, July 24 (Reuters) - China's yuan hit an eight-month high against the dollar on Thursday, after the central bank guided the currency significantly higher in what analysts interpreted as an attempt to boost investor confidence.The currency's strength, which was partly guided by China...Reuters
Thu, Jul 24
AUD/JPY weakens to near 96.50 on optimism over trade deal
The AUD/JPY cross declines to near 96.60 during the Asian trading hours on Thursday. The Australian Dollar (AUD) remains weak against the Japanese Yen (JPY) despite the hawkish remarks from the Reserve Bank of Australia (RBA) policymakers.
Fxstreet
Thu, Jul 24
EUR/JPY Price Forecast: Trades around 172.00 after breaking below nine-day EMA
EUR/JPY breaks its five-day winning streak, trading around 171.90 during the Asian hours on Thursday. The bullish bias is strengthening as the technical analysis of the daily chart shows that the currency cross moves upwards within the ascending channel pattern.
Fxstreet
Thu, Jul 24
FOREX-Yen, euro buoyant on trade progress
Trump to visit Federal Reserve on ThursdayMarket mood buoyant as more trade deals expectedEuro steady, yen holds gains despite domestic political uncertaintyFocus on ECB rate decision later in the dayBy Rae Wee SINGAPORE, July 24 (Reuters) - The euro crept toward its highest level in nearly four ...Reuters
Thu, Jul 24
Silver Price Forecast: XAG/USD falls to near $39.00 due to trade deals optimism
Silver price (XAG/USD) extends its losses for the second successive session, trading around $39.10 per troy ounce during the Asian hours on Thursday. The price of Silver struggles due to weakened safe-haven demand, driven by the optimism over further trade deals between the US and key partners.
Fxstreet
Thu, Jul 24
Australian Dollar extends winning streak following improved PMI data
The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, extending its gains for the fifth consecutive day. The AUD/USD pair is reaching fresh eight-month highs above 0.6600 following the release of Australia's preliminary Judo Bank Purchasing Managers Index (PMI) data.
Fxstreet
Thu, Jul 24
Tequila giant Becle quadruples profit even as demand dries up
Becle's Q2 net profit surged 300% largely on FX gainsStripping out FX, net sales down in all foreign marketsBecle points to volatile environment, high inventoriesNevertheless, Santander sees market welcoming profit beatBy Sarah Morland MEXICO CITY, July 23 (Reuters) - Becle CUERVO.MX, the wor...Reuters
Thu, Jul 24
