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USD/INR gains as US-India trade tensions diminish Indian economy outlook
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Friday after a three-day winning streak. The USD/INR recovers to near 87.75 as the market experts have warned that trade tensions between the United States (US) and India could hit Indian exports significantly.
Fxstreet
Fri, Aug 8
USD/CHF treads water above 0.8050 as US tariffs weigh on Swiss Franc
USD/CHF remains steady for the second consecutive day, hovering around 0.8060 during the Asian trading hours on Friday. However, the pair may appreciate as the Swiss Franc (CHF) could receive downwards pressure due to newly enacted 39% tariffs on United States (US) imports from Switzerland.
USD/CHF
Fxstreet
Fri, Aug 8
GBP/USD softens to below 1.3450 on renewed US Dollar demand
The GBP/USD pair posts modest losses near 1.3440 during the Asian trading hours on Friday.
GBP/USD
Fxstreet
Fri, Aug 8
China's yuan holds steady as US trade truce deadline approaches
SHANGHAI, Aug 8 (Reuters) - China's yuan held steady on Friday as investors anxiously awaited news on whether a tariff truce would be extended between the world's two largest economies, after U.S. President Donald Trump floated the possibility of raising tariffs on China.China was initially ...
Reuters
Fri, Aug 8
EUR/USD steadies around 1.1650 amid Fed rate cut expectations, ECB policy pause
EUR/USD remains steady after registering gains in the previous three successive sessions, trading around 1.1660 during the Asian hours on Friday.
EUR/USD
Fxstreet
Fri, Aug 8
India Morning Newsletter, August 8
To access a PDF version of this newsletter, please click hereIf you would like to receive this newsletter via email, please register at:https://solutions.lseg.com/MNCIndia-SubscriptionpageFor an index of our newsletters click on NEWSL
Reuters
Fri, Aug 8
Japanese Yen drifts lower against rebounding USD; downside potential seems limited
The Japanese Yen (JPY) attracts some intraday sellers after the Summary of Opinions from the Bank of Japan's (BoJ) July meeting showed that policymakers remain worried about the potential negative impact of higher US tariffs on the domestic economy.
USD/JPY
Fxstreet
Fri, Aug 8
Australian Dollar weakens as RBA rate cut expectations rise
The Australian Dollar (AUD) depreciates against the US Dollar (USD) on Friday, after three days of gains.
AUD/USD
Fxstreet
Fri, Aug 8
Australia, NZ dollars set for weekly gains, RBA policy meet next week
SYDNEY, Aug 8 (Reuters) - The Australian and New Zealand dollars were set for weekly gains on Friday with the U.S. dollar burdened by weak economic data and dovish bets for policy easing, slipping back towards its three-year lows. The Aussie eased 0.2% to $0.6513 AUD=D3, having edged up 0.3% overni...
Reuters
Fri, Aug 8
FOREX-Trump's Fed pick, Bank of England's 'hawkish' cut weigh on dollar
Dollar weighed by rate cut bets, Trump's Fed pickTraders pricing two U.S. rate cuts this year Pound boosted by narrow BoE vote to cut ratesBy Jaspreet Kalra and Ankur Banerjee SINGAPORE, Aug 8 (Reuters) - The dollar was under pressure on Friday and was on course for a weekly fall as U.S. Pres...
Reuters
Fri, Aug 8
NZD/USD trades with mild losses to near 0.5950 on modest US Dollar strength
The NZD/USD pair trades with mild losses near 0.5960 during the early Asian trading hours on Friday. However, the potential downside for the pair might be limited amid encouraging Chinese trade data.
NZD/USD
Fxstreet
Fri, Aug 8
PBOC sets USD/CNY reference rate at 7.1382 vs. 7.1345 previous
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1382 as compared to the previous day's fix of 7.1345 and 7.1742 Reuters estimate.
USD/CNH
Fxstreet
Fri, Aug 8
GBP/USD: Greenback weakens and BoE rate cut bets decline
GBP/USD extended recent bullish momentum on Thursday, gaining over two-thirds of one percent on the day and climbing above key technical indicators as market rebalance both a weaker US Dollar (USD) and a stronger Pound Sterling (GBP).
GBP/USD
Fxstreet
Thu, Aug 7
USD/CAD weakens to below 1.3750, Canadian jobs report in focus
The USD/CAD pair trades in negative territory around 1.3735 during the early Asian session on Friday. The Greenback edges lower against the Canadian Dollar (CAD) as traders boost bets that the US Federal Reserve (Fed) will cut rates in September after weak US Nonfarm Payrolls (NFP) data.
USD/CAD
Fxstreet
Thu, Aug 7
EUR/USD flat as Waller rumored to be Trump’s pick for Fed Chair
The EUR/USD turned flat late on Thursday, spurred by rumors that the White House is considering Federal Reserve Governor Christopher Waller as the top candidate to be the next Fed Chair, succeeding Jerome Powell.
EUR/USD
Fxstreet
Thu, Aug 7
Vitalhub Q2 revenue beats estimates
OverviewVitalhub Q2 total revenue up 47% YoY to CAD 23.9 mln, beating estimates, per LSEG dataAdjusted EBITDA rises 50% YoY to CAD 6.3 mlnAnnual recurring revenue grows 55% YoY to CAD 79.6 mlnOutlookCompany aims to continue international expansion with current cash and ARRResult DriversORGANIC GROWT...
Reuters
Thu, Aug 7
TTEC beats Q2 revenue estimates, raises FY guidance
OverviewTTEC Q2 2025 revenue falls 3.8% but beats analyst expectations, per LSEG dataAdjusted EPS for Q2 2025 beats estimates at $0.22, per LSEG dataAdjusted EBITDA for Q2 2025 beats expectations, totaling $51.8 mln, per LSEG dataOutlookTTEC raises full-year 2025 revenue guidance to $2.064 bln-$2.11...
Reuters
Thu, Aug 7
Karat Q2 net sales rise 10%, beating analyst expectations
OverviewKarat Q2 net sales rise 10.1% to $124 mln, beating analyst expectations, per LSEG dataAdjusted EPS, net income, and adjusted EBITDA missed analyst estimatesCo navigated tariff uncertainty with alternative sourcing, enhancing supply chain resilienceOutlookKarat expects Q3 net sales to rise hi...
Reuters
Thu, Aug 7
Canada's Guardian Capital Q2 revenue misses estimates
OverviewGuardian Capital fiscal Q2 revenue misses analyst expectationsNet earnings attributable to shareholders swing to CAD 55.2 mln profitTotal client assets decrease mainly due to currency fluctuationsResult DriversREVENUE MISS - Revenue of CAD 90 mln missed analyst expectations of CAD 98 mln, im...
Reuters
Thu, Aug 7
Canadian Dollar runs out of steam as US Dollar bids rebound
The Canadian Dollar (CAD) eased off the gas pedal on Thursday, slowing a near-term bull run and snapping a four-day winning streak against the US Dollar (USD) as Greenback bidding bumped upwards.
USD/CAD
Fxstreet
Thu, Aug 7
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