News
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EUR/JPY extends rally to one-year high as US NFP boosts risk sentiment
The Euro (EUR) trades firmly against the Japanese Yen (JPY) on Thursday, with the EUR/JPY cross climbing to its highest level since July 2024 following upbeat US Nonfarm Payrolls (NFP) data. At the time of writing, the pair is edging higher, trading around 170.40 during the American trading session.
Fxstreet
Thu, Jul 3
At Sintra getaway, central bankers mull threats to their domain
Global officials at ECB Forum discuss future of the dollarStablecoins, Trump attacks on Fed seen as threatFed's safety net for foreign banks openly questionedBy Francesco Canepa and Balazs Koranyi SINTRA, Portugal, July 3 (Reuters) - At their annual gathering in the hills of Portugal's Si...Reuters
Thu, Jul 3
FOREX-Dollar advances after stronger than expected US jobs data
US economy adds 147,000 jobs in JuneDollar strengthens against yen and francEuro weakens against the dollarUS Treasury yields riseBritish sterling strengthensBy Chibuike Oguh NEW YORK, July 3 (Reuters) - The U.S. dollar rose against major currencies including the yen, euro and Swiss franc on Thur...Reuters
Thu, Jul 3
USD/JPY advances as upbeat NFP lifts US Dollar
The Japanese Yen (JPY) weakens against the US Dollar (USD) on Thursday, as stronger-than-expected US Nonfarm Payrolls (NFP) data lifts the Greenback and reinforces policy divergence between the Federal Reserve (Fed) and the Bank of Japan (BoJ).
Fxstreet
Thu, Jul 3
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Thursday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.2% lower at C$1.3617 to the greenback, or 73.44 U.S. cents, after trading in a range of 1.3579 to 1.3623.Canadian government 10-year bond yields CA10YT=RR...Reuters
Thu, Jul 3
ECB wary of rising global trade uncertainty, June accounts show
June ECB minutes reveal wariness over trade war and inflationCurrent strength of euro noted in accountsLatest rate cut aimed at preventing tightening of financial conditionsBy Marc Jones and Yoruk Bahceli July 3 (Reuters) - Euro zone policymakers cut rates last month to prevent an unwarranted tig...Reuters
Thu, Jul 3
FOREX-Dollar advances against peers following stronger-than-expected jobs data
US economy adds 147,000 jobsDollar strengthens against yen and francEuro weakens against the dollarUS Treasury yields riseBy Chibuike OguhNEW YORK, July 3 (Reuters) - The U.S. dollar advanced against major currency pairs including the yen, euro and Swiss franc on Thursday after data showed that the ...Reuters
Thu, Jul 3
ANALYSIS-UK markets head back into troubled waters as fiscal angst rises
Outlook for pound, gilts weakensUK fiscal worries back in focus for markets Sterling could fall 10% vs euro over next 12 months - analystBy Linda Pasquini July 3 (Reuters) - A string of policy U-turns has blown a hole in the UK government's budget plans, bringing sterling's stellar run ag...Reuters
Thu, Jul 3
FOREX-Dollar steady with focus on crucial US payroll data
Dollar near 3-1/2-year low ahead of payrolls dataEmployment report could help shape US rate pathPound steadies after drop on fiscal worriesUS House of Representatives advances tax-cut billBy Ankur Banerjee and Johann M Cherian SINGAPORE, July 3 (Reuters) - The dollar remained close to this week&#...Reuters
Thu, Jul 3
GBP up modestly, recovering a portion of Wednesday losses – Scotiabank
Pound Sterling (GBP) is up modestly, entering Thursday’s NA session with a 0.2% gain as it recovers a portion of Wednesday’s politically-driven losses, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Thu, Jul 3
EUR quiet at high w/ ECB messaging neutral on rates & confident on EUR – Scotiabank
The Euro (EUR) is entering Thursday’s NA session unchanged against the US Dollar (USD) as it continues to consolidate just below Monday’s fresh multi-year high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Thu, Jul 3
Getting Germany back to growth is the top priority, finmin says
By Maria Martinez BERLIN, July 3 (Reuters) - The German government's top priority is to bring Europe's biggest economy back on track for growth, German Finance Minister Lars Klingbeil said on Thursday.Speaking at a banking event, Klingbeil said it was important to invest, carry out st...Reuters
Thu, Jul 3
GBP: The damage is done – Commerzbank
British Chancellor of the Exchequer Rachel Reeves, who is committed to budgetary discipline, suddenly found herself alone when Prime Minister Keir Starmer unexpectedly withdrew his support for her in Parliament, Commerzbank's FX analyst Antje Praefcke notes.Fxstreet
Thu, Jul 3
Getting Germany back to growth is the top priority, finmin says
By Maria MartinezBERLIN, July 3 (Reuters) - German government's top priority is to bring Europe's biggest economy back on a growth path, German Finance Minister Lars Klingbeil said on Thursday.Speaking at a banking event, Klingbeil said it is important to invest, to carry out structural refo...Reuters
Thu, Jul 3
USD/JPY: Likely to trade between 143.00 and 144.10 – UOB Group
Further US Dollar (USD) consolidation would not be surprising against Japanese Yen (JPY), most likely between 143.00 and 144.10. In the longer run, further declines are not ruled out, but USD may consolidate for a couple of days first, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Jul 3
EUR/GBP pulls back to 0.8625 with the Pound trimming losses after Wednesday’s sell-off
The Euro is trading lower against the British Pound on Thursday, retreating from the 3 ½ month highs at 0.8670 hit on Wednesday as the uncertainty about Chancellor Rachel Reeves revived concerns about the UK’s fiscal health.UK Prime Minister, Keir Starmer, was forced to show the Government’s support
Fxstreet
Thu, Jul 3
NZD/USD: Expected to trade in a range between 0.6065 and 0.611 – UOB Group
New Zealand Dollar (NZD) is expected to trade in a range between 0.6065 and 0.6115 against US Dollar (USD). In the longer run, upward momentum has largely faded; NZD is likely to trade in a range between 0.6035 and 0.6130, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Jul 3
