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Forex Today: July Nonfarm Payrolls data to keep volatility high heading into weekend
Here is what you need to know on Friday, August 1:
Fxstreet
Fri, Aug 1
USD/CHF holds gains near 0.8150 as Trump slaps 39% tariff on Swiss goods
USD/CHF holds ground after registering losses in the previous session, trading around 0.8130 during the early European hours on Friday.
USD/CHF
Fxstreet
Fri, Aug 1
NZD/USD drops to 0.5870 area, lowest since mid-May as USD bulls await NFP report
The NZD/USD pair prolongs its downtrend for the seventh straight day and drops to its lowest level since mid-May, around the 0.5875-0.5870 region during the early European session on Friday.
NZD/USD
Fxstreet
Fri, Aug 1
AUD/JPY softens to below 97.00 as China's manufacturing activity shrinks
The AUD/JPY cross posts modest losses near 96.80 during the early European session on Friday. The downbeat Chinese economic data undermines the China-proxy Australian Dollar (AUD). China’s July Caixin Services Purchasing Managers Index (PMI) report will be released next week.
AUD/JPY
Fxstreet
Fri, Aug 1
USD/MXN remains below 19.00 as Trump grants Mexico 90-day reprieve from 30% tariff hike
USD/MXN inches lower after registering gains in the previous five consecutive days, trading around 18.90 during the Asian hours on Friday.
USD/MXN
Fxstreet
Fri, Aug 1
EUR/JPY Price Forecast: Positive view prevails near 172.00, investors await Eurozone HICP release
The EUR/JPY cross trades with mild losses near 172.00 during the early European session on Friday. The Euro (EUR) softens against the Japanese Yen (JPY) amid the tariff uncertainty surrounding the US-EU trade deal.
EUR/JPY
Fxstreet
Fri, Aug 1
USD/CAD Price Forecast: Sees upside to near 1.4000 while Carney criticizes Trump’s tariff raise
The USD/CAD pair posts a fresh two-month high near 1.3870 on Friday. The Loonie pair strengthens as an increase in the tariff rate announced by United States (US) President Donald Trump on imports from Canada has weakened the Canadian Dollar (CAD).
USD/CAD
Fxstreet
Fri, Aug 1
USD/INR corrects even as US-India trade tensions escalate
The Indian Rupee (INR) extends its recovery against the US Dollar (USD) for the second trading day on Friday.
Fxstreet
Fri, Aug 1
EUR/USD hovers near 1.1400 ahead of Eurozone HICP, US Nonfarm Payrolls
EUR/USD remains steady after mild gains registered in the previous session, trading around 1.1420 during the Asian hours on Friday. The pair holds ground ahead of the Eurozone Harmonized Index of Consumer Prices (HICP) data due later in the day.
EUR/USD
Fxstreet
Fri, Aug 1
GBP/USD holds below 1.3200 ahead of US NFP data
The GBP/USD pair extends the decline to near 1.3195 during the Asian trading hours on Friday. The Pound Sterling (GBP) edges lower against the Greenback due to rising expectations of the Bank of England (BoE) rate cut next week.
GBP/USD
Fxstreet
Fri, Aug 1
Japanese Yen refreshes multi-month low against USD; seems vulnerable ahead of US NFP
The Japanese Yen (JPY) touches a fresh four-month low against its American counterpart during the Asian session on Friday and seems vulnerable to weaken further.
USD/JPY
Fxstreet
Fri, Aug 1
NZD/USD extends the decline to below 0.5900 on downbeat Chinese PMI data, renewed trade tensions
The NZD/USD pair extends its downside to around 0.5880 during the early Asian trading hours on Friday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) amid escalating trade tension between the United States (US) and China.
NZD/USD
Fxstreet
Fri, Aug 1
Australian Dollar loses ground following China’s dismal PMI
The Australian Dollar (AUD) edges lower on Friday, continuing its seven-day losing streak. The AUD/USD pair remains steady following the release of economic figures from Australia and its close trading partner, China.
AUD/USD
Fxstreet
Fri, Aug 1
PBOC sets USD/CNY reference rate at 7.1496 vs. 7.1494 previous
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1496 as compared to the previous day's fix of 7.1494 and 7.2033 Reuters estimate.
USD/CNH
Fxstreet
Fri, Aug 1
USD/CHF climbs to near 0.8150 as Trump hits Switzerland with 39% tariff rate
The USD/CHF pair gathers strength to near 0.8145 during the early Asian session on Friday. The Swiss Franc (CHF) weakens against the US Dollar (USD) after the US President Donald Trump set a 39% tariff on goods from Switzerland.
USD/CHF
Fxstreet
Fri, Aug 1
South Korea Trade Balance: $6.61B (July) vs previous $9.08B
South Korea Trade Balance: $6.61B (July) vs previous $9.08B
Fxstreet
Fri, Aug 1
USD/CAD gathers strength above 1.3850 as Trump raises tariff on Canada to 35%
The USD/CAD pair edges higher to near 1.3855 during the early Asian session on Friday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) after US President Donald Trump raised Canada's tariff to 35%. The US Nonfarm Payrolls (NFP) for July will take center stage later on Friday.
USD/CAD
Fxstreet
Thu, Jul 31
EUR/USD steadies near 1.1400 as hot US data supports Fed hold, eyes on NFP
The EUR/USD recovered some ground on Thursday, up a modest 0.10% after data from the United States (US) revealed a strong economy, justifying the Federal Reserve’s reluctance to reduce rates, as witnessed on Wednesday. AT the time of writing, the pair trades at 1.1417, virtually unchanged.
EUR/USD
Fxstreet
Thu, Jul 31
GBP/USD declines further as Greenback rally continues
GBP/USD sank again on Thursday, falling for a sixth straight session and dragging the Pound Sterling (GBP) down nearly 3% top-to-bottom from last week’s peak near 1.3588.
GBP/USD
Fxstreet
Thu, Jul 31
Canadian Dollar heads for a sixth straight loss as Loonie falls under the Greenback wheel
The Canadian Dollar (CAD) sank for a sixth consecutive session on Thursday, driven lower by a second straight contraction in headline Gross Domestic Product (GDP) growth on a monthly basis.
USD/CAD
Fxstreet
Thu, Jul 31
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