News
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Sterling gains broadly as Trump unveils tariff specifics
By Amanda Cooper LONDON, July 8 (Reuters) - The pound rose on Tuesday, gaining against the likes of the yen after the U.S. announced 25% tariffs on imports from Japan and South Korea, as investors gravitated towards markets that are at less risk of being hit by hefty duties.U.S. President Donald ...Reuters
Tue, Jul 8
Silver Price Forecast: XAG/USD hesitates below $37.00 with downside attempts finding buyers
Silver (XAG/USD) keeps trading within the last four weeks $2 range, but recent price action shows an ascending trend from late June lows, although the resistance area at $37,00 remains holding bulls and closing the path towards the $37.25 long-term high.Market’ concerns about trade uncertainty keep
Fxstreet
Tue, Jul 8
Australia's central bank stuns markets by passing up chance to cut rates
RBA holds rates at 3.85% despite market expectations for a cutAustralian dollar rises, bond futures fall after RBA decisionMarkets now favour rates bottoming at 3.10%, rather than 2.85%Treasurer Chalmers notes disappointment, cites progress on inflationBy Stella Qiu and Wayne Cole SYDNEY, July 8Reuters
Tue, Jul 8
FOREX-Yen struggles as tariff letters land, Aussie jumps after surprise RBA hold
Trump unveils 25% tariffs on Japan, South KoreaJapan's yen struggles to recover from lossesRBA leaves rates unchanged, Aussie jumpsBy Rae Wee and Amanda Cooper SINGAPORE/LONDON, July 8 (Reuters) - The yen fell broadly on Tuesday after U.S. President Donald Trump reiterated that he plans to im...Reuters
Tue, Jul 8
AUD/JPY Price Forecast: Sticks to RBA-inspired gains near mid-95.00s, or multi-month top
The AUD/JPY cross attracts strong follow-through buying on Tuesday and rallies to a nearly four-month high in reaction to the Reserve Bank of Australia's (RBA) surprise decision to keep interest rates on hold.
Fxstreet
Tue, Jul 8
Iron ore rebounds despite Trump's tariff threat triggering caution
By Amy Lv and Lewis Jackson BEIJING, July 8 (Reuters) - Iron ore futures prices rebounded on Tuesday, supported by resilient near-term demand in top consumer China, although caution triggered by U.S. President Donald Trump's threat of higher tariffs capped gains.The most-traded September iron...Reuters
Tue, Jul 8
GBP/JPY strengthens above 199.00 on renewed Japan tariff uncertainty
The GBP/JPY cross gains momentum to near 199.20 during the early European session on Tuesday. The Japanese Yen (JPY) softens against the Pound Sterling (GBP) on trade woes after US President Donald Trump reiterated that he plans to impose 25% tariffs on goods from Japan.
Fxstreet
Tue, Jul 8
ANALYSIS-China Inc bets Beijing will keep tight grip on yuan as US tariff fears persist
July 8 (Reuters) - Chinese businesses and investors are primed for the yuan to stay steady for now and eventually depreciate as U.S. trade tensions drag on, and a string of measures and hints from monetary authorities suggest they may be on the money.A growing pile of foreign exchange deposits at ba...Reuters
Tue, Jul 8
EUR/JPY extends the rally to near 171.50 amid Japan trade uncertainty
The EUR/JPY cross extends its upside to around 171.45 during the early European session on Tuesday. The Euro (EUR) strengthens against the Japanese Yen (JPY) amid hopes for the United States-European Union trade deals.
Fxstreet
Tue, Jul 8
NZD/USD Price Forecast: Rebounds to near 20-day EMA
The NZD/USD pair snaps four-day losing streak and rebounds to near 0.6035 during late Asian session on Tuesday. The Kiwi pair bounces back as the US Dollar (USD) corrects on Tuesday after posting a fresh weekly high the previous day.
Fxstreet
Tue, Jul 8
EUR/GBP holds position above 0.8600 ahead of German Trade Balance data
EUR/GBP retraces its recent losses from the previous session, trading around 0.8610 during the Asian hours on Tuesday. The pair edges higher ahead of Germany’s Trade Balance data release scheduled later in the day.
Fxstreet
Tue, Jul 8
FOREX-Yen struggles on trade woes, Aussie jumps after surprise RBA hold
Trump unveils 25% tariffs on Japan, South KoreaJapan's yen struggles to recover from lossesRBA leaves rates unchanged, sends Aussie surgingBy Rae Wee SINGAPORE, July 8 (Reuters) - The yen fell broadly on Tuesday after U.S. President Donald Trump reiterated that he plans to impose 25% tariffs ...Reuters
Tue, Jul 8
INDIA RUPEE-Rupee nudges higher but US tariff-driven swings keep traders cautious
By Jaspreet Kalra MUMBAI, July 8 (Reuters) - The Indian rupee gained slightly in early trading on Tuesday, in line with an uptick in most Asian peers while traders remained light-footed, awaiting clarity on the ongoing trade negotiations between India and the United States.The rupee INR=IN rose t...Reuters
Tue, Jul 8
