News
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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
FOREX-Dollar wallows near 3-1/2-year low as Fed cuts, Trump bill in focus
Fed's Powell doesn't rule out an interest-rate cut this monthMassive tax and spending bill goes back to House for final approvalTrump continues attacks on Powell, putting more pressure on dollarBy Kevin Buckland TOKYO, July 2 (Reuters) - The U.S. dollar hunkered near the lowest since Febr...Reuters
Wed, Jul 2
GBP/USD teases new highs as Greenback pummeling continues
GBP/USD poked into its highest bids in 45 months on Tuesday, knocking a few inches closer to four-year highs as the US Dollar’s broad-market pummeling continues unabated. Lopsided trade policies, further aggravated by public musings about steep tariffs by President Donald Trump are keeping Greenback
Fxstreet
Wed, Jul 2
USD/CAD holds positive ground near 1.3650 on better-than-expected US jobs data
The USD/CAD pair trades with mild gains near 1.3645 during the early Asian session on Wednesday. The US Dollar (USD) pares losses against the Canadian Dollar (CAD) after data showed a better-than-expected increase in labor market demand.
Fxstreet
Tue, Jul 1
NZD/JPY Price Forecast: Holds above 87.35 on risk-off mood, stays bullish
The NZD/JPY consolidates during the week, although it posted losses of over 0.44% on Tuesday, on solid Japanese economic data. Additionally, the risk-off mood, which has boosted safe-haven peers like the Yen, exerted downward pressure on the cross-pair, which trades at 87.41, virtually unchanged.
Fxstreet
Tue, Jul 1
FOREX-Dollar pares losses against euro and Swiss franc after better-than-expected US jobs data
US job openings show unexpected increaseUS Senate approves spending and tax cut billEuro gains versus dollar Pound rises after UK parliament vote on welfare spendingBy Chibuike Oguh NEW YORK, July 1 (Reuters) - The U.S. dollar gained ground against major currencies including the yen and the Swiss...Reuters
Tue, Jul 1
Forex Today: Focus remains on the ECB Forum and US jobs
The Greenback dipped to new multi-year troughs before attempting a mild rebound on Tuesday, as investors continued to assess the participation of Chief Powell at the ECB Forum, while fresh tensions emerged on the trade front in anticipation of the July 9 tariffs deadline.Fxstreet
Tue, Jul 1
FOREX-Dollar gains ground against major peers after better-than-expected US jobs data
US job openings show unexpected increaseUS Senate approves spending and tax cut billEuro cuts gains versus dollarDollar index on track to snap eight straight sessions of lossesBy Chibuike Oguh NEW YORK, July 1 (Reuters) - The U.S. dollar gained ground against major currencies including the euro a...Reuters
Tue, Jul 1
XAG/USD Price Forecast: Parallel channel keeps bias bullish, but momentum fades
Silver (XAG/USD) is hovering around 36.20 during the American session on Tuesday, trading in a narrow range as bulls take a breather after the sharp rally that saw the metal hit multi-year highs in June.Fxstreet
Tue, Jul 1
UK budget forecasters say they have been too upbeat, posing a risk for Reeves
LONDON, July 1 (Reuters) - Britain's official budget watchdog said on Tuesday that it had been too optimistic about the country's economic growth outlook, raising the prospect of a downgrade of its forecasts which would be a blow to finance minister Rachel Reeves.The Office for Budget Respon...Reuters
Tue, Jul 1
YPF turnover ruling in US casts shadow on Argentina's shale, FX plans
US judge orders Argentina to relinquish 51% stake in YPFArgentina government says will appeal rulingYPF leads development of major Vaca Muerta shale regionArgentina pushing shale production to bring in exports dollarsLegal standoff could hit aims to return to global marketsBy Eliana Raszewski, Leila...Reuters
Tue, Jul 1
Challenge to dollar supremacy a long way off, central bankers say
Dollar accounts for 58% of global reserves vs 20% for euroAny switch to euro won't be quick, would need reforms: LegardeNo major shift away from dollar at moment, BoE's Bailey saysBy Francesco Canepa and Balazs Koranyi SINTRA, Portugal, July 1 (Reuters) - There is no prospect of a major c...Reuters
Tue, Jul 1
