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India Morning Newsletter, July 11
To access a PDF version of this newsletter, please click here If you would like to receive this newsletter via email, please register at: https://solutions.lseg.com/MNCIndia-Subscriptionpage For an index of our newsletters click on NEWSL
Reuters
Fri, Jul 11
Japanese Yen dives back closer to weekly trough against a broadly firmer USD
The Japanese Yen (JPY) drifts lower against a broadly stronger US Dollar (USD) during the Asian session on Friday and remains on track to register weekly losses amid reduced bets for an immediate rate hike by the Bank of Japan (BoJ).
USD/JPY
Fxstreet
Fri, Jul 11
Australian Dollar prepares to extend its winning streak despite a stronger US Dollar
The Australian Dollar (AUD) is poised to continue its winning streak for the fourth successive session against the US Dollar (USD) on Friday, after recovering its daily losses. However, the AUD/USD pair faced challenges following the introduction of new tariff actions by US President Donald Trump.
AUD/USD
Fxstreet
Fri, Jul 11
Australia, NZ dollars unsettled by US broadside in global trade war
SYDNEY, July 11 (Reuters) - The Australian dollar eased from eight-month highs on Friday after U.S. President Donald Trump fired another round in his global trade war, slugging equities and souring risk sentiment.The threat of tariffs of 15% to 20% on most trading partners was a further blow, as Aus...
Reuters
Fri, Jul 11
NZD/USD loses momentum to near 0.6000 amid concerns about tariff wars
The NZD/USD pair loses ground to near 0.6015, snapping the three-day winning streak during the early Asian session on Friday. The New Zealand Dollar (NZD) weakens against the Greenback amid ongoing trade jitters. Traders will closely monitor the US trade headlines for fresh impetus.
NZD/USD
Fxstreet
Fri, Jul 11
FOREX-Dollar rises, loonie falls as Trump announces new tariffs
Trump announces 35% tariffs on Canada, plans blanket 15-20% for othersCanadian dollar slides, euro under pressureBitcoin holds near record highBy Rae Wee SINGAPORE, July 11 (Reuters) - The U.S. dollar rose on Friday on more signs of upheaval in the global trade landscape, as U.S. President Donald...
Reuters
Fri, Jul 11
PBOC sets USD/CNY reference rate at 7.1475 vs. 7.1510 previous
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1475 as compared to the previous day's fix of 7.1510 and 7.1771 Reuters estimate.
USD/CNH
Fxstreet
Fri, Jul 11
USD/CAD weakens to near 1.3650 ahead of Canadian employment data
The USD/CAD pair declines to around 1.3655 during the early Asian session on Friday. The US Dollar (USD) softens against the Canadian Dollar (CAD) amid the prospects for more interest rate cuts by the US Federal Reserve (Fed) this year.
USD/CAD
Fxstreet
Thu, Jul 10
GBP/USD continues to churn as Cable traders await a reason to move
GBP/USD churned chart paper in familiar territory through Thursday, cycling through the same block of intraday levels near the 1.3600 handle.
GBP/USD
Fxstreet
Thu, Jul 10
EUR/USD drops on strong US jobs data; Fed’s Daly leans dovish
EUR/USD slides during the North American session, down over 0.23%, as market participants digest a jobs report in the United States that reinforces the Federal Reserve's case for holding rates unchanged at the upcoming July meeting.
EUR/USD
Fxstreet
Thu, Jul 10
Bitcoin hits record high of $116,046.44
July 10 (Reuters) - Bitcoin rallied to another all-time high on Thursday.The world's largest cryptocurrency BTC= rose to a record high of $116,046.44. It was last up 1.93% at $115,773.22.Ether rose 3.01% to $2905.24 at 2130 GMT.
Reuters
Thu, Jul 10
WD-40 Q3 sales rise marginally, forecasts FY 2025 sales of $600 mln-$620 mln
OverviewWD-40 fiscal Q3 net sales rise 1% but miss analyst expectations, per LSEG dataCompany's maintenance product sales up 2% due to growth in U.S., Asia-PacificDiluted EPS for fiscal Q3 beats analyst expectations, per LSEG dataHousehold products maker raises operating income and EPS guidance ...
Reuters
Thu, Jul 10
FOREX-Dollar rise against major currencies; bitcoin hits fresh record high
Dollar pinned by drop in Treasury yields, dovish FedBrazil's real hits 1-month low as Trump criticizes Bolsonaro trialBitcoin hits fresh record high, rising above $113,000By Hannah Lang, Chibuike Oguh NEW YORK, July 10 (Reuters) - The U.S. dollar rose against major currencies including the eu...
Reuters
Thu, Jul 10
AUD/USD bullish breakout potential builds above 0.6600
The Australian Dollar (AUD) is regaining confidence against the US Dollar (USD) on Thursday, with AUD/USD trading near 0.6580 at the time of writing. The latest move has been supported by a rebound in risk appetite and cautious sentiment surrounding the US Dollar.
AUD/USD
Fxstreet
Thu, Jul 10
CANADA FX DEBT-Canadian dollar gains but move limited amid uncertain trade deal prospects
Canadian dollar rises 0.1% against the greenbackTrades in a range of 1.3664 to 1.3708Price of oil falls 2.6% on U.S. tariff concernsBond yields climb across the curveBy Fergal Smith TORONTO, July 10 (Reuters) - The Canadian dollar edged higher against its U.S. counterpart on Thursday but the move...
Reuters
Thu, Jul 10
USD/CHF rebounds amid resilient US labor data and cautious Fed outlook
The Swiss Franc (CHF) weakens against the US Dollar (USD) on Thursday, as the Greenback gains ground following stronger-than-expected US weekly jobless claims data, highlighting ongoing strength in the labor market.
USD/CHF
Fxstreet
Thu, Jul 10
GBP/JPY retreats as markets await UK GDP data
The Pound Sterling (GBP) is trading slightly lower against the Japanese Yen (JPY) on Thursday as risk sentiment shifts in response to renewed trade tensions.
GBP/JPY
Fxstreet
Thu, Jul 10
USD/CAD flirts with resistance as Copper tariffs place Canadian trade under pressure
The Canadian Dollar (CAD) is steadying against the US Dollar (USD) on Thursday despite rising trade pressures from the United States.
USD/CAD
Fxstreet
Thu, Jul 10
EUR/CHF flattens as US Dollar strength and Franc's safe-haven demand weigh on Euro
The Euro (EUR) flattens against the Swiss Franc (CHF) on Thursday, giving up early gains as the EUR/CHF cross edges lower during the American trading hours.
EUR/CHF
Fxstreet
Thu, Jul 10
Kraken Rolling Out Local Currency Funding In Argentina And Mexico
July 10 (Reuters) - Kraken:KRAKEN: ROLLING OUT LOCAL CURRENCY FUNDING IN ARGENTINA AND MEXICO
Reuters
Thu, Jul 10
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