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Welfare cut U-turn shows UK "formidable" challenges, rating firm S&P warns
LONDON, July 4 (Reuters) - The inability of Britain's government to make modest cuts to welfare spending this week underscores the underscores 'formidable' challenge it faces in repairing it finances, credit rating agency S&P Global said on Friday.UK Prime Minister Keir Starmer was f...Reuters
Fri, Jul 4
AUD/USD drifts to 0.6550 as concerns about US tariffs resurface
The Australian Dollar is trading lower for the second day in a row, retreating from year-to-date highs, at 0.6590, with risk-sensitive assets weighed by growing tariff uncertainty as the July 9 deadline comes closer.US President Donald Trump affirmed on Thursday that he will start sending letters to
Fxstreet
Fri, Jul 4
FOREX-Dollar slips versus major currencies as US tariff deadline looms
Trump's tax bill raises fiscal sustainability concernsU.S. expected to specify tariff rates to countries soonJapan said to send chief trade negotiator to U.S. amid tariff tensionsBy Rocky Swift and Johann M Cherian TOKYO, July 4 (Reuters) - The dollar slipped against other major currencies on...Reuters
Fri, Jul 4
GBP/JPY pulls back to levels near 197.00 as market sentiment sours
The Yen rallies across the board as fears about US tariffs return.Trump will start sending letters to trade partners informing them about tariffs.BoJ-BoE monetary policy divergence is adding pressure on the British Pound.
Fxstreet
Fri, Jul 4
Pound Sterling stabilizes as UK Chancellor Reeves confirms to remain in the role
The Pound Sterling (GBP) trades broadly stable against its peers on Friday, following commitment from the United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves to remain in her role till the next elections.
Fxstreet
Fri, Jul 4
USD/INR ticks up despite US Dollar drop in the aftermath of US NFP report
The Indian Rupee (INR) trades slightly lower at open against the US Dollar (USD) on Friday. The USD/INR pair ticks up to near 85.56 even as the US Dollar (USD) resumes its downside journey in the aftermath of the United States (US) Nonfarm Payrolls (NFP) report for June, released on Thursday.
Fxstreet
Fri, Jul 4
EUR/JPY Price Forecast: Trades around 170.00 after pulling back from fresh yearly highs
EUR/JPY retreats after reaching one-year highs on Thursday, trading around 170.10 during the Asian hours on Friday. The bullish bias is strengthening as the technical analysis of the daily chart shows that the currency cross moves upwards within the ascending channel pattern.
Fxstreet
Fri, Jul 4
Japanese Yen sticks to strong Household Spending data-inspired gains
The Japanese Yen (JPY) scales higher during the Asian session on Friday following the release of strong domestic Household Spending data, which keeps the door open for more interest rate hikes by the Bank of Japan (BoJ).
Fxstreet
Fri, Jul 4
FOREX-Dollar trims gains against euro, yen as US tariff deadline looms
Trump's tax bill raises fiscal sustainability concernsU.S. expected to specify tariff rates to countries soonJapan said to send chief trade negotiator to U.S. amid tariff tensionsBy Rocky Swift TOKYO, July 4 (Reuters) - The dollar pared gains against the euro and yen on Friday after President...Reuters
Fri, Jul 4
Yuan set for fifth week of gains ahead of US tariff deadline
HONG KONG, July 4 (Reuters) - China's yuan strengthened against the U.S. dollar on Friday, and was heading towards the fifth week of gains ahead of a closely-watched U.S. tariff deadline. Markets' attention has largely turned to U.S. President Donald Trump's July 9 deadline when the 90-d...Reuters
Fri, Jul 4
GBP/USD steadies around 1.3650 due to rising uncertainty over Trump's tariff plans
GBP/USD holds ground for the second consecutive day, trading around 1.3660 during the Asian hours on Friday. The pair remains steady as the US Dollar (USD) depreciates as traders adopt caution, while seeking clarity on US President Donald Trump's plans for tariffs on various countries.Fxstreet
Fri, Jul 4
EUR/USD wobbles around 1.1760 amid holiday in US on account of Independence Day
The EUR/USD pair trades in a tight range around 1.1760 during the Asian session on Friday. The major currency pair exhibits a lackluster performance amid a holiday in the United States (US) markets on account of Independence Day.Fxstreet
Fri, Jul 4
