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GBP/USD pauses losses as Trump’s tariff threats increase risk aversion
GBP/USD shed some weight on Monday, trimming further into the low side and adding onto near-term losses as Pound Sterling bulls take a breath.
GBP/USD
Fxstreet
Mon, Jul 7
USD/CAD holds positive ground above 1.3650 amid firmer US Dollar
The USD/CAD pair edges higher to near 1.3670 during the early Asian session on Tuesday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) after US President Donald Trump announced new tariffs set to go into effect on August 1 for some trading partners.
USD/CAD
Fxstreet
Mon, Jul 7
RBA set to cut interest rate amid soft inflation and weak growth
The Reserve Bank of Australia (RBA) is holding a monetary policy meeting on Tuesday and is set to lower the Official Cash Rate (OCR) by 25 basis points (bps) to 3.60% from 3.85%. The July monetary policy announcement will take place on Tuesday at 04:30 GMT.
AUD/USD
Fxstreet
Mon, Jul 7
AUD/JPY Price Forecast: Holds steady below 95.00 ahead of RBA decision
The AUD/JPY edged up on Monday and gained 0.17%, finishing the day near 94.79 as traders digested actions by the White House, which sent several letters to countries, setting tariffs on their imports into the US. Although it usually triggered a risk-off impulse, the Yen failed to gain traction.
AUD/JPY
Fxstreet
Mon, Jul 7
EUR/USD slumps as Trump sparks fresh trade-war fears
EUR/USD tumbled on Monday during the North American session amid a risk-off impulse, courtesy of an escalation in the trade war, as US President Donald Trump began sending letters with tariffs imposed on some countries.
EUR/USD
Fxstreet
Mon, Jul 7
AUD/USD falters as RBA rate cut expectations and fading momentum weigh
AUD/USD extended losses on Monday, falling over 0.87% on the day to trade near 0.6487 at the time of writing.
AUD/USD
Fxstreet
Mon, Jul 7
Canadian Dollar tumbles after fresh Greenback strength
The Canadian Dollar (CAD) fell back on Monday, catching a fresh bout of risk aversion as investors stepped back into the safe haven US Dollar (USD).
USD/CAD
Fxstreet
Mon, Jul 7
USD/JPY surges on Trump's tariff threats on Japan and increased demand for US Dollar
USD/JPY surges past 146.00 as trade tensions between the US and Japan escalate and US yields rise.
USD/JPY
Fxstreet
Mon, Jul 7
EUR/USD declines after Trump targets Japan and South Korea with new tariffs
The Euro (EUR) remains under pressure on Monday, after briefly dipping below the 1.1700 mark against the US Dollar (USD), following the publication of official tariff letters by US President Donald Trump on Truth Social.
EUR/USD
Fxstreet
Mon, Jul 7
EUR/JPY rises on EU-US trade deal hopes as Trump announces 25% tariffs on Japan
The Euro (EUR) is strengthening against the Japanese Yen (JPY) as investors shift focus to trade talks ahead of the Wednesday tariff deadline.
EUR/JPY
Fxstreet
Mon, Jul 7
EUR/CHF rangebound amid diverging ECB and SNB policies
The Euro (EUR) struggles to gain traction against the Swiss Franc (CHF) on Monday, with EUR/CHF hovering around the 0.9350 level amid diverging monetary policies from the European Central Bank (ECB) and the Swiss National Bank (SNB), coupled with persistent safe-haven demand for the Swiss Franc.
EUR/CHF
Fxstreet
Mon, Jul 7
GBP/USD holds above key level, despite rate divergene and trade war jitters
The Pound Sterling is virtually unchanged during the North American session, yet it remains above a key technical level, following a solid US jobs report in the United States (US). This, along with the likelihood of further tax hikes by the UK government, is exerting pressure on Cable.
GBP/USD
Fxstreet
Mon, Jul 7
EUR/USD dips as Fed rate cut bets fade and tariff deadline nears
The Euro (EUR) is falling against the US Dollar (USD) at the start of the American session, with EUR/USD testing 1.7360 at the time of writing.
EUR/USD
Fxstreet
Mon, Jul 7
NZD/USD declines for third day on risk aversion ahead of RBNZ rate decision
The New Zealand Dollar (NZD) extends its losing streak against the US Dollar (USD) for the third consecutive day on Monday, with the NZD/USD trading near 0.6005, down nearly 0.90% on the day.
NZD/USD
Fxstreet
Mon, Jul 7
AUD/USD declines as market braces for RBA rate cut amid rising trade tensions
The Australian Dollar (AUD) weakens further against the US Dollar (USD) on Monday, marking its third consecutive daily decline, as investors grow increasingly confident the Reserve Bank of Australia (RBA) will deliver another rate cut at Tuesday’s meeting.
AUD/USD
Fxstreet
Mon, Jul 7
EUR/GBP Price Forecast: Euro has lost steam and is likely to retest 0.8600
The Pound is faring better than the Euro in a risk-averse market, as investors await more clarity about the size of the US tariffs and the date of their introduction.
EUR/GBP
Fxstreet
Mon, Jul 7
USD/CAD recovery extends to levels near 1.3700 boosted by risk aversion
The US Dollar accelerated its recovery against the Canadian Dollar on Monday with renewed concerns about US tariffs fuelling a rush for safety, as the July 9 deadline approaches.The Greenback is trading 0.5% higher on the day, and 0.8% above last week’s lows as Trump announced letters to “some count
Brent
USD/CAD
Fxstreet
Mon, Jul 7
USD/CHF advances beyond 0.7970 with US tariffs boosting risk aversion
The US Dollar and the Swiss Franc are the best performers among major currencies on Monday, as investors rush for safety, anxious that Trump’s tariffs will cause a significant disruption in global trade. Between them, however, the Dollar is showing a mild advantage.
USD/CHF
Fxstreet
Mon, Jul 7
USD/JPY jumps to near 145.40 as US trade jitters resurface
The USD/JPY pair gains sharply to near 145.45 during the European trading session on Monday, the highest level seen in a week.
USD/JPY
US Dollar Index
Fxstreet
Mon, Jul 7
Eurozone Retail Sales (YoY) above expectations (1.2%) in May: Actual (1.8%)
Eurozone Retail Sales (YoY) above expectations (1.2%) in May: Actual (1.8%)
EUR/USD
Fxstreet
Mon, Jul 7
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