News
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Egypt Finance Minister expects combined IMF review to be completed by October
LONDON, July 16 (Reuters) - Egypt's Finance Minister Ahmed Kouchouk said on Wednesday he is confident Egypt is hitting targets set by the International Monetary Fund over the country's $8 billion loan programme and expects the next review to be completed by September or October. The fund ann...Reuters
Wed, Jul 16
LiveOne Announces Pricing Of Public Offering To Launch Bitcoin Yield Treasury Strategy
July 16 (Reuters) - LiveOne Inc LVO.O:LIVEONE (NASDAQ: LVO) ANNOUNCES PRICING OF PUBLIC OFFERING TO LAUNCH BITCOIN YIELD TREASURY STRATEGYLIVEONE INC - BOARD APPROVES $500 MILLION FOR CRYPTO ASSET TREASURY STRATEGYLIVEONE INC - PRICES PUBLIC OFFERING AT $0.75 PER SHAREReuters
Wed, Jul 16
VCI Global To Acquire Licensed Fund Manager In Malaysia’S Labuan Jurisdiction To Launch Regulated Bitcoin Fund
July 16 (Reuters) - VCI Global Ltd VCIG.O:VCI GLOBAL TO ACQUIRE LICENSED FUND MANAGER IN MALAYSIA’S LABUAN JURISDICTION TO LAUNCH REGULATED BITCOIN FUNDVCI GLOBAL LTD: ACQUISITION MADE AT A NOMINAL CONSIDERATIONVCI GLOBAL LTD - TO LAUNCH VCIG BITCOIN FUNDReuters
Wed, Jul 16
USD/CAD remains steady above 1.3700 ahead of US PPI data
The US Dollar is trading practically flat near 1.3720 against the Canadian Dollar on Wednesday, with downside attempts limited above 1.3700 and on track to close a four-day winning streak, as hotter US inflation figures have hammered hopes of Fed cuts in the near-term
Fxstreet
Wed, Jul 16
GBP fades short-lived CPI rally – Scotiabank
The Pound Sterling (GBP) is also steady and attempting stabilization following a recent run of weakness, holding on just above its late June low – a break of which would call for a shift in the bull trend, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Wed, Jul 16
FOREX-Dollar edges down versus euro and yen, tariff-driven inflation in focus
Markets await PPI data later todayEconomists argue CPI figures will not slow down Fed cutsTrump remarks on Powell in focusInvestors in Japanese assets on hold before electionsBy Stefano Rebaudo July 16 (Reuters) - The dollar edged down against the euro and yen on Wednesday after hitting multi-wee...Reuters
Wed, Jul 16
EUR/GBP approaches 0.8660 support area again, weighed by strong UK inflation data
The Euro recovery attempts against the British Pound have been capped at 1.1680 during Wednesday’s European session, and the pair has pulled back to levels near the 0.8660 with the Pound buoyed by strong UK inflation figures.The broader trend, however, remains positive.
Fxstreet
Wed, Jul 16
NZD/USD: Likely to consolidate in a range of 0.5935/0.5975 – UOB Group
New Zealand Dollar (NZD) is likely to consolidate in a range of 0.5935/0.5975 against US Dollar (USD). In the longer run, NZD could continue to weaken, but it may consolidate first before heading lower toward 0.5920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Jul 16
US tariffs and weak dollar threaten Italian exports, says industry chief
By Giulia Segreti ROME, July 16 (Reuters) - The only acceptable tariff on European Union exports to the United States would be zero as the bloc is already facing a detrimental exchange rate, the head of Italy's business lobby said on Wednesday. "The real issue is that, to date, not only d...Reuters
Wed, Jul 16
Sterling edges higher versus dollar as investors await jobs data
Investors assess the chance of more aggressive rate cuts Economists say jobs data holds more weight in shaping BoE policyEuro/Sterling within striking distance of 3-month highBy Stefano Rebaudo July 16 (Reuters) - The pound edged higher against a weakening dollar and fell versus the euro, as inve...Reuters
Wed, Jul 16
INDIA RUPEE-Rupee falls as US inflation jitters dent Fed rate cut bets, hoist dollar
By Jaspreet Kalra MUMBAI, July 16(Reuters) - The Indian rupee fell on Wednesday as the latest U.S. inflation report showed that tariffs were beginning to feed into prices, weakening bets on rate cuts by the Federal Reserve, which lifted U.S. Treasury yields and the dollar.The rupee INR=IN closed...Reuters
Wed, Jul 16
RPT-COLUMN-Popping the dollar's 'anti-bubble?': Mike Dolan
By Mike DolanLONDON, July 16 (Reuters) - The U.S. dollar's bubble-like overvaluation may have already popped, but some wonder if an equally vulnerable "anti-bubble" may just have taken its place.Amid the roller-coaster ride in U.S. stocks and bonds during the turbulent first half of 2025...Reuters
Wed, Jul 16
AUD/USD gives back major early gains ahead of Aussie Employment data
The AUD/USD pair surrenders a majority of its initial gains during the European session on Wednesday. Still, the Aussie pair trades 0.10% higher to near 0.6540. The pair snaps three-day losing streak as the US Dollar (USD) struggles to extend its upside after refreshing three-week high on Tuesday.Fxstreet
Wed, Jul 16
