News
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CEE MARKETS-FX holds steady as markets eye tariff developments
BUDAPEST, July 9 (Reuters) - Central European currencies were little moved on Wednesday, trading in their recent ranges while stocks were mixed as investors focused on news about U.S. President Donald Trump's tariff plans.Trump said on Tuesday that he would "probably" tell the European U...Reuters
Wed, Jul 9
GBP/USD: Likely to trade in a sideways range of 1.3540/1.3640 – UOB Group
Pound Sterling (GBP) is likely to trade in a sideways range of 1.3540/1.3640 against US Dollar (USD). In the longer run, the likelihood of GBP dropping to 1.3510 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Jul 9
USD/CAD Price Forecast: Surges to near 1.3700, remains above nine-day EMA
The USD/CAD pair has recovered its recent losses from the previous session, trading around 1.3690 during the European hours on Wednesday. The technical analysis of the daily chart suggests a prevailing bearish sentiment as the pair consolidates within the descending channel pattern.
Fxstreet
Wed, Jul 9
EUR/USD hesitates near weekly lows as trade tensions grow
The EUR/USD pair is practically flat on Wednesday, near the bottom of the weekly range, as investors remain wary of risk after US President Donald Trump announced new tariffs on copper and pointed to significant restrictions on pharmaceuticals.
Fxstreet
Wed, Jul 9
NZD/USD is struggling to regain the 0.6000 level after the RBNZ’s “dovish hold”
The New Zealand Dollar picked up as the market digested the RBNZ’s dovish statement and tested the 0.6000 psychological level, as the market mood brightened somewhat in Wednesday’s early European session.Fxstreet
Wed, Jul 9
FOREX-Dollar at more than two-week high versus yen as trade war intensifies
Markets brace for more trade-related announcements from TrumpDollar rises against yen amid stalled US-Japan trade talksEU may secure exemptions from US tariffs, sources sayFed policy minutes due later in the dayBy Rocky Swift and Johann M Cherian TOKYO, July 9 (Reuters) - The dollar strengthened ...Reuters
Wed, Jul 9
Pound Sterling trades with caution as Trump unveils fresh tariff threats
The Pound Sterling (GBP) trades cautiously around 1.3600 against the US Dollar during European trading hours on Wednesday, with the GBP/USD pair broadly stable after United States (US) President Donald Trump threatened a series of new tariffs on Tuesday.Fxstreet
Wed, Jul 9
EUR/GBP loses momentum below 0.8650 as traders brace for EU-US deal update
The EUR/GBP cross loses traction to around 0.8620 during the early European session on Wednesday. The Euro (EUR) softens against the Pound Sterling as renewed tariff threats from US President Donald Trump unsettle markets.
Fxstreet
Wed, Jul 9
INDIA RUPEE-Rupee slips as trade worries keep Asia FX on the defensive
By Jaspreet Kalra MUMBAI, July 9(Reuters) - The Indian rupee weakened slightly on Wednesday, along with its regional peers, as the dollar firmed on the back of fresh tariff threats from the United States, including a 50% levy on copper imports and 10% charge on BRICS nations.The rupee INR=IN was ...Reuters
Wed, Jul 9
EUR/JPY Price Forecast: Keeps bullish vibe above 172.00, overbought RSI warrants caution for bulls
The EUR/JPY cross extends its upside to near 172.20 during the early European session on Wednesday. The Japanese Yen (JPY) edges lower against the Euro (EUR) due to concerns about the economic fallout from US President Donald Trump's 25% tariffs from a new deadline of August 1 on Japanese goods.
Fxstreet
Wed, Jul 9
USD/CAD trades with positive bias below 1.3700; looks to FOMC minutes for fresh impetus
The USD/CAD pair regains positive traction during the Asian session on Wednesday and climbs to the 1.3700 neighborhood, closer to over a one-week high touched the previous day. Moreover, the fundamental backdrop suggests that the path of least resistance for spot prices is to the upside.Fxstreet
Wed, Jul 9
USD/CHF strengthens above 0.7950 amid confusion over tariff policies
The USD/CHF pair gathers strength around 0.7975 during the early European session on Wednesday, bolstered by a firmer US Dollar (USD). However, the concerns about renewed trade tensions triggered by US President Donald Trump might cap the upside for the pair.
Fxstreet
Wed, Jul 9
CORRECTED-China's yuan holds near two-week low as tariff risks, deflation pressure drag
HONG KONG, July 9 (Reuters) - China's yuan held near a two-week low against the U.S. dollar on Wednesday as U.S. President Donald Trump's renewed tariff threats and persistent deflation at home checked sentiment. Trump said overnight he would impose a 50% tariff on imported copper and soon i...Reuters
Wed, Jul 9
NZD/USD Price Forecast: Hangs near two-week low after RBNZ, seems vulnerable below 0.6000
The NZD/USD pair fades an intraday spike to the 0.6015 area that followed the Reserve Bank of New Zealand's (RBNZ) widely expected decision to hold rates steady and retests a two-week low during the Asian session on Wednesday.Fxstreet
Wed, Jul 9
