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EUR/USD depreciates further amid Trump's threat of higher blanket tariffs, strong US data
The EUR/USD pair is trading lower for the third consecutive day on Friday, with risk appetite subdued after the US President Donald Trump announced that the European Union (EU) will be included in the next batch of tariff letters and raised blanket levies for all other countries to 15% or 20% from t
Fxstreet
Fri, Jul 11
NZD/USD keeps the red amid a firmer USD; manages to hold above 0.6000
The NZD/USD pair attracts some sellers following an intraday uptick to the 0.6045 area, back closer to the weekly high, and erodes a part of the previous day's strong gains. Spot prices, however, managed to hold above the 0.6000 psychological mark through the early European session on Friday.
Fxstreet
Fri, Jul 11
EMS Chemie reports lower half-year sales, but confirms annual forecast
By Ozan Ergenay July 11 (Reuters) - Swiss chemical company EMS Chemie EMSN.S reported half-year sales below last year's level on Friday, but confirmed its full-year targets despite weakening of the global economy driven by the trade war.EMS makes lightweight polymer car parts that are especi...Reuters
Fri, Jul 11
FOREX-Dollar rises after Trump unveils new tariffs; bitcoin at record
Canada hit with 35% tariff, others face blanket 15% to 20%Canadian dollar slides, euro under pressureBitcoin scales fresh record highBy Rae Wee SINGAPORE, July 11 (Reuters) - The U.S. dollar rose on Friday, fuelled by upheavals in the global trade landscape, as U.S. President Donald Trump announc...Reuters
Fri, Jul 11
INDIA RUPEE-Rupee troubled by dollar uptick, modest outflows; forward premiums nudge higher
By Jaspreet Kalra MUMBAI, July 11(Reuters) - The Indian rupee weakened on Thursday on the back of dollar bids from foreign banks and a broadly stronger greenback, after U.S. President Donald Trump continued to up the ante on tariffs by announcing a 35% levy on Canadian imports starting August 1.T...Reuters
Fri, Jul 11
UK economy shrinks 0.1% in May, ONS says
July 11 (Reuters) - Britain's economic output shrank by 0.1% in May, official data showed on Friday. Economists polled by Reuters had mostly forecast that gross domestic product would rise by 0.1% from April's level.Britain's economy expanded rapidly in the first quarter of 2025, outstri...Reuters
Fri, Jul 11
USD/CHF ticks up to near 0.7980 in a sour market mood
The USD/CHF pair edges higher to near 0.7980 during Asian trading hours on Friday. The Swiss Franc pair trades broadly stable in a risk-averse market mood, followed by fears of an increase in United States (US) 10% tariff blanket.
Fxstreet
Fri, Jul 11
China's yuan inches higher on firmer PBOC guidance even as dollar rises
SHANGHAI, July 11 (Reuters) - China's yuan inched higher against the dollar on Friday, as the central bank set a much stronger guidance fix, in what investors interpreted as an official sign to keep the currency stable following U.S. President Donald Trump's new wave of tariffs.Prior to mark...Reuters
Fri, Jul 11
In major shift, Shanghai regulator mulls policy responses to stablecoins and cryptocurrencies
By Summer Zhen HONG KONG, July 11 (Reuters) - A Shanghai regulator said it held a meeting this week for local government officials to consider strategic responses to stablecoins and digital currencies - a marked shift in tone for China where crypto trading is banned.The Thursday meeting was organ...Reuters
Fri, Jul 11
EUR/USD attracts some sellers below 1.1700 as traders await US-EU tariff deal
The EUR/USD pair extends the decline to around 1.1680 during the Asian trading hours on Friday. The Euro (EUR) faces some selling pressure against the Greenback after US President Donald Trump announced a new tariffs policy, adding to the uncertainty around his evolving trade policy.Fxstreet
Fri, Jul 11
AUD/JPY Price Forecast: Reaches fresh five-month highs near 97.00
AUD/JPY extends its gains for the second successive session, trading around 96.70 during the Asian hours on Friday. As per the technical analysis of the daily chart, the currency cross remains within the ascending channel pattern, indicating a prevailing bullish bias.
Fxstreet
Fri, Jul 11
