News
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FOREX-Dollar dithers as investors await more tariff clarity
Currencies trade in tight rangeYen holds on to gains after Japan's upper house election result Investors await progress in more trade talksBy Rae Wee and Amanda Cooper SINGAPORE/LONDON, July 22 (Reuters) - The dollar edged up on Tuesday, but activity across the currency market was subdued, as...Reuters
Tue, Jul 22
USD/JPY is consolidating recovery from range low – Scotiabank
The Japanese Yen (JPY) is also trading flat against the US Dollar (USD) and consolidating its recent recovery from the lower end of its recent range, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Tue, Jul 22
GBP: Markets look through BoE Gov. Bailey comments on debt & curve – Scotiabank
The Pound Sterling (GBP) is entering Tuesday’s NA session flat against the US Dollar (USD) and also showing its first signs of meaningful strength following the pullback from its July 1 high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Tue, Jul 22
EUR is well supported for the time being – Scotiabank
The Euro (EUR) is up marginally against the US Dollar (USD) and looking well supported as it seeks to extend its latest recovery following the pullback from its July 1 high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Tue, Jul 22
CAD stead to slightly firmer on USD – Scotiabank
The Canadian Dollar (CAD) is a marginal outperformer versus the US Dollar (USD) on the session, with spot edging just under yesterday’s low in early trade here, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Tue, Jul 22
USD/CAD stuck in range – BBH
USD/CAD remains rangebound between 1.3550 and 1.3800 as the Bank of Canada’s latest survey offers little urgency for immediate easing. While future sales expectations dipped, stable hiring plans and anchored inflation keep markets cautious about near-term rate cuts, BBH FX analysts report.Fxstreet
Tue, Jul 22
USD/JPY: Likely to trade in a range between 146.90 and 148.20 – UOB Group
US Dollar (USD) is likely to trade in a range between 146.90 and 148.20 against Japanese Yen (JPY). In the longer run, USD is expected to trade in a range of 146.90/149.20, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Jul 22
NZD/USD: Likely to trade in a range of 0.5940/0.5980 – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range of 0.5940/0.5980 against US Dollar (USD). In the longer run, weakness from early this month has come to an end; NZD is likely to consolidate between 0.5905 and 0.6000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Jul 22
EUR/USD holds near 1.1700 – BBH
EUR/USD is holding firm near the 1.1700 level as the ECB’s latest bank lending survey suggests easing may be nearing its end. Stable credit standards and a slight uptick in loan demand have reduced expectations for near-term rate cuts, BBH FX analysts report.Fxstreet
Tue, Jul 22
INDIA RUPEE-Rupee sticks to losing run as outflows, tariff worries sustain pressure
By Jaspreet Kalra MUMBAI, July 22 (Reuters) - The Indian rupee weakened for a fifth straight session on Tuesday, pressured by likely outflows from domestic equities and growing concerns over an imminent deadline to secure trade deals with the United States.The rupee INR=IN closed at 86.3675 again...Reuters
Tue, Jul 22
USD/JPY longs under pressure – ING
The recent rebound in the yen may prove short-lived, with political uncertainty in Japan and fiscal expansion pressures continuing to weigh on sentiment. Meanwhile, the unwinding of USD/JPY longs could be amplifying broader dollar weakness, ING's FX analyst Francesco Pesole notes.Fxstreet
Tue, Jul 22
Sterling holds on to gains, investors mull rise in borrowing
By Amanda Cooper LONDON, July 22 (Reuters) - The pound steadied on Tuesday, consolidating after the previous day's rally, as investors took stock of data that showed UK government borrowing soared in June, a reminder of the fragility of Britain's public finances.Sterling GBP=D3, which ros...Reuters
Tue, Jul 22
Bank of England's Bailey says rise in borrowing costs is not just a UK issue
LONDON, July 22 (Reuters) - Bank of England Governor Andrew Bailey said on Tuesday that a rise in British government borrowing costs was not out of line with increases in other countries."We have seen steepening of yield curves going on now," Bailey told lawmakers on parliament's Treasur...Reuters
Tue, Jul 22
EMERGING MARKETS-FX stable, stocks retreat after gains as investors eye trade talks
Russia and Ukraine set for peace talks on Wednesday Hungary interest rate decision expected Thai cabinet picks new central bank chief MSCI EM FX off 0.1%, stocks fall 0.5%By Purvi Agarwal July 22 (Reuters) - Most emerging market currencies were stable on Tuesday and stocks dipped as investors kep...Reuters
Tue, Jul 22
UK borrows more as inflation adds to debt bill, and Reeves' headache
LONDON, July 22 (Reuters) - Britain borrowed more than expected in June as a jump in inflation pushed up the government's debt costs, adding to speculation about the need for new tax hikes by finance minister Rachel Reeves later this year.Reuters
Tue, Jul 22
