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FOREX-Dollar drifts near multi-year lows as Trump tariff deadline looms
Moratorium on "Liberation Day" levies ends on WednesdayHigher tariff rates to come into effect from August 1Aussie, NZ dollars decline ahead of central bank decisionsBy Kevin Buckland TOKYO, July 7 (Reuters) - The U.S. dollar drifted close to its lowest level since 2021 against the euro a...
Reuters
Mon, Jul 7
AUD/JPY holds below 94.50 as traders await RBA rate decision
The AUD/JPY cross loses ground to near 94.40 during the early European session on Monday. The Australian Dollar (AUD) weakens against the Japanese Yen as the Reserve Bank of Australia (RBA) is widely expected to cut its Official Cash Rate (OCR) by another quarter point on Tuesday.
Fxstreet
Mon, Jul 7
Japanese Yen weakens as dismal wage growth data tempers early BoJ rate hike bets
The Japanese Yen (JPY) edges lower against its American counterpart at the start of a new week following the release of weaker domestic data. Real wages in Japan fell for the fifth straight month in May, at the fastest pace in nearly two years amid persistent inflationary pressures.
Fxstreet
Mon, Jul 7
GBP/USD Price Forecast: Falls toward 1.3600 after breaking below nine-day EMA
The GBP/USD pair extends its losses for the second successive session, trading around 1.3620 during the Asian hours on Monday. The bullish bias persists as the daily chart’s technical analysis indicates that the pair remains within the ascending channel pattern.
Fxstreet
Mon, Jul 7
EUR/JPY Price Forecast: Retains bullish bias near 170.50, overbought RSI warrants caution for bulls
The EUR/JPY cross gains traction to near 170.45 during the Asian trading hours on Monday. The Japanese Yen (JPY) softens against the Euro (EUR) as data released on Monday revealed that real wages in Japan fell for five consecutive months in May, the fastest pace in nearly two years.
Fxstreet
Mon, Jul 7
Yuan softens as markets await US tariff deadline
SHANGHAI, July 7 (Reuters) - China's yuan eased against the greenback on Monday as investors turned cautious ahead of U.S. President Donald Trump's Wednesday deadline for agreeing deals on trade tariffs, seeking cues on the currency's near-term direction.The United States is close to fin...Reuters
Mon, Jul 7
FOREX-Dollar pinned near multi-year lows as Trump tariff deadline looms
Moratorium on "Liberation Day" levies ends on WednesdayHigher tariff rates to come into effect from August 1Aussie, NZ dollars decline ahead of central bank decisionsBy Kevin Buckland TOKYO, July 7 (Reuters) - The U.S. dollar hovered near its lowest since 2021 against the euro and the wea...Reuters
Mon, Jul 7
USD/CAD sticks to modest gains above 1.3900 amid sliding Oil prices, USD uptick
The USD/CAD pair trades with a positive bias for the second straight day on Monday and climbs to the 1.3920-1.3925 area during the Asian session. The uptick is sponsored by a combination of factors, though the lack of follow-through buying warrants caution for aggressive bullish traders.
Fxstreet
Mon, Jul 7
INDIA RUPEE-Rupee to track Asian peers lower after Trump flags return to higher tariffs if no deal
By Nimesh Vora MUMBAI, July 7(Reuters) - The Indian rupee is poised to begin the week on a weak note, pressed by the decline in Asian peers following U.S. President Donald Trump's comments that higher tariffs could be reinstated by August if trade deals aren't secured. The one-month n...Reuters
Mon, Jul 7
Australia, NZ dollars start big central bank week on back foot as tariff uncertainty mounts
SYDNEY, July 7 (Reuters) - The Australian and New Zealand dollars started a big central bank week on the back foot as investors braced for U.S. trade uncertainty that could linger for weeks now that there appears to be a delay in the tariff implementation date. The Aussie AUD=D3 fell 0.5% on ...Reuters
Mon, Jul 7
Iron ore futures drop on China steel output curbs, trade uncertainty
BEIJING, July 7 (Reuters) - Iron ore futures slid on Monday as renewed concerns over demand weighed on the market, pressured by output restrictions in top consumer China's major steel production hub of Tangshan and lingering uncertainty over U.S. trade tariffs. The most-traded September iron ore...Reuters
Mon, Jul 7
NZD/USD extends downside below 0.6050 as traders await details of tariff deals
The NZD/USD pair extends the decline to around 0.6035 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) weakens against the Greenback amid tariff uncertainty triggered by US President Donald Trump.
Fxstreet
Mon, Jul 7
EUR/USD remains below 1.1800 due to renewed trade concerns, Eurozone Retail sales eyed
EUR/USD edges lower after registering gains in the previous session, trading around 1.1780 during the Asian hours on Monday. The pair struggles due to renewed tariff concerns, driven by the comments from US Treasury Secretary Scott Bessent.
Fxstreet
Mon, Jul 7
AUD/USD weakens to near 0.6550 on renewed tariff concerns
The AUD/USD pair trades in negative territory for the third consecutive day near 0.6550 during the early Asian session on Monday. The renewed concern about a global trade war weighs on the Australian Dollar (AUD) against the Greenback.
Fxstreet
Sun, Jul 6
