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FOREX-Dollar wallows near 3-1/2-year low as Fed easing, Trump bill in focus
Fed's Powell does not rule out an interest rate cut this monthMassive tax, spending bill goes back to House for final approvalTrump continues attacks on Powell, putting pressure on dollarBy Kevin Buckland and Alun John TOKYO/LONDON, July 2 (Reuters) - The U.S. dollar languished near its lowes...Reuters
Wed, Jul 2
NZD/USD softens below 0.6100 on firmer US Dollar, eyes on US ADP Employment data
The NZD/USD pair faces some selling pressure near 0.6085 during the early European session on Wednesday, pressured by the rebound in the Greenback. Traders brace for the US ADP Employment Change report for June, which will be published later on Wednesday.
Fxstreet
Wed, Jul 2
GBP/JPY Price Forecast: Gains momentum to near 197.50, bullish outlook remains intact
The GBP/JPY cross gathers strength to near 197.50 during the early European session on Wednesday. The Japanese Yen (JPY) softens against the Pound Sterling (GBP) as US President Donald Trump raises doubts over a US-Japan deal.
Fxstreet
Wed, Jul 2
Dollar wallows near 3-1/2-year low as Fed easing, Trump bill in focus
TOKYO, July 2 (Reuters) - The U.S. dollar hunkered near its lowest since February 2022 against major peers on Wednesday, as traders considered dovish hints from Federal Reserve Chair Jerome Powell, along with the potential impact of President Donald Trump's spending bill.Reuters
Wed, Jul 2
USD/CAD Price Forecast: Trades tightly around 1.3650
The USD/CAD pair trades in a very tight range near 1.3650 during the Asian trading session on Wednesday. The Loonie trades consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for June for fresh cues on the Federal Reserve’s (Fed) monetary policy outlook.
Fxstreet
Wed, Jul 2
USD/INR ticks higher at open while US-India trade deal likely finalize before deadline
The Indian Rupee (INR) ticks down against the US Dollar (USD) at open on Wednesday. The USD/INR edges higher to near 85.75 as the US Dollar strives to gain ground after the release of the surprisingly upbeat US JOLTS Job Openings data for May.Fxstreet
Wed, Jul 2
EUR/USD maintains position near 1.1800 near four-year highs
EUR/USD halts its winning streak that began on June 18, trading around 1.1800 during the Asian hours on Wednesday. The pair inches lower after marking 1.1830, the highest since September 2021, recorded on Tuesday, which could be attributed to the slight gains in the US Dollar (USD).Fxstreet
Wed, Jul 2
GBP/USD holds steady near 1.3750, US ADP Employment data in focus
The GBP/USD pair trades on a flat note near 1.3745 during the Asian trading hours on Wednesday. However, the dovish remarks from the US Federal Reserve (Fed) Chair Jerome Powell and rising fiscal worries might weigh on the Greenback in the near term.Fxstreet
Wed, Jul 2
Australia, NZ dollars off fresh highs, data soft again
SYDNEY, July 2 (Reuters) - The Australian and New Zealand dollars levelled out on Wednesday after scaling fresh highs for the year overnight, while soft domestic data cemented already overwhelming wagers for another cut in Australian rates when the central bank meets next week.The Aussie edged off t...Reuters
Wed, Jul 2
Silver Price Forecast: XAG/USD edges lower to near $36.00 on modest US Dollar strength
The Silver price (XAG/USD) edges lower to around $36.10 during the Asian trading hours on Wednesday, pressured by a modest rebound in the US Dollar (USD). Traders will take more cues from the release of the US ADP Employment Change report for June, which is due later on Wednesday.
Fxstreet
Wed, Jul 2
Australian Dollar loses ground following disappointing Retail Sales data
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Wednesday following the release of weaker-than-expected domestic economic data. However, the AUD/USD pair gained ground as the US Dollar (USD) remains subdued amid rising odds of the Federal Reserve (Fed) cutting interest rates.
Fxstreet
Wed, Jul 2
