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India Morning Newsletter, August 12
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
Tue, Aug 12
EUR/USD remains above 1.1600, sentiment improves due to upcoming US-Russia meet
EUR/USD edges higher after registering losses in the previous two successive sessions, trading around 1.1620 during the Asian hours on Tuesday.
EUR/USD
Fxstreet
Tue, Aug 12
Japanese Yen slides to over one-week low against mostly flat USD amid BoJ uncertainty
The Japanese Yen (JPY) drifts lower against its American counterpart for the third straight day and slides to a one-and-a-half-week low during the Asian session on Tuesday. Against the backdrop of political uncertainty, the potential negative impact of higher US tariffs on the domestic economy...
USD/JPY
Fxstreet
Tue, Aug 12
Australian Dollar steadies as US extends China tariff deadline, RBA decision eyed
The Australian Dollar (AUD) maintains its position against the US Dollar (USD) on Tuesday ahead of the interest rate decision by the Reserve Bank of Australia. The AUD/USD pair may appreciate as US President Donald Trump has extended the China tariff deadline by another 90 days.
AUD/USD
Fxstreet
Tue, Aug 12
FOREX-Dollar holds gains ahead of inflation data; Aussie awaits RBA
Risks skewed to modest dollar gain after CPI: TD Securities Traders watch for signs of tariff pressures in CPI dataAustralian central bank widely expected to cut ratesBy Kevin Buckland TOKYO, Aug 12 (Reuters) - The U.S. dollar held steady on Tuesday, with markets braced for a key consumer inflati...
Reuters
Tue, Aug 12
PBOC sets USD/CNY reference rate at 7.1418 vs. 7.1405 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1418 as compared to the previous day's fix of 7.1405 and 7.1901 Reuters estimate.
USD/CNH
Fxstreet
Tue, Aug 12
NZD/USD gathers strength to near 0.5950 as Trump extends China tariff deadline by another 90 days
The NZD/USD pair gains ground to around 0.5940 during the early Asian session on Tuesday. The New Zealand Dollar (NZD) strengthens against the Greenback after US President Donald Trump extends the China tariff deadline by another 90 days.
NZD/USD
Fxstreet
Tue, Aug 12
GBP/USD momentum falters ahead of hefty Tuesday docket
GBP/USD spun in a circle on Monday, wearing worry lines into the charts near 1.3430 as Cable traders buckle down ahead of a slew of key data on both sides of the Atlantic due on Tuesday.
GBP/USD
Fxstreet
Mon, Aug 11
USD/CAD trades flat above 1.3750, all eyes on US CPI release
The USD/CAD pair trades on a flat note near 1.3775 during the early Asian session on Tuesday. The Canadian Dollar (CAD) weakens against the US Dollar (USD) as traders turn cautious ahead of a key US inflation report later on Tuesday.
USD/CAD
Fxstreet
Mon, Aug 11
Silver Price Analysis: Retreats below $38.00 as US Dollar strength weighs on metals
Silver price plunges over 1.90% on Monday as traders awaited a resolution from the White House regarding Gold tariffs. Although US President Donald Trump posted on Truth Social that Bullion would not be tariffed on August 11, broad US Dollar strength weighed on the grey’s metal.
Silver
Fxstreet
Mon, Aug 11
Japan's deepening political woes cloud budget, rate hike timing
LDP debates holding rare leadership race, timing uncertainIf not held in September, race could be put off till next yearSome in LDP see Ishiba's resignation as inevitableBOJ may favour avoiding unwanted political attentionBy Takaya Yamaguchi and Leika Kihara TOKYO, Aug 11 (Reuters) - Japan...
Reuters
Mon, Aug 11
Banxico Rodriguez: MXN gains from US tariff view, policy stance adequate
In an interview with El Financiero, Victoria Rodriguez Ceja, Banco de Mexico (Banxico) Governor, said that the Mexican Peso (MXN) strength was due to the market's perception of Mexico’s “preferential treatment” in the US tariffs policy.
USD/MXN
Fxstreet
Mon, Aug 11
Crypto exec Do Kwon, charged with fraud, expected to plead guilty
NEW YORK, Aug 11 (Reuters) - Do Kwon, the South Korean cryptocurrency entrepreneur facing U.S. fraud charges over two digital currencies that lost an estimated $40 billion in 2022, is expected to enter a guilty plea, court records showed on Monday. In a brief scheduling order, U.S. District Judg...
Reuters
Mon, Aug 11
Synchronoss Technologies' Q2 revenue misses estimates
OverviewSynchronoss Q2 revenue falls to $42.5 mln, missing analyst expectationsAdjusted EBITDA of $12.8 mln misses estimates, per LSEG dataCompany received $33.9 mln CARES Act tax refund, aiding debt reductionOutlookSynchronoss expects full-year revenue guidance of $170-$180 mlnCompany expects recur...
Reuters
Mon, Aug 11
Getty Images beats Q2 adjusted EPS estimates
OverviewGetty Images Q2 revenue grows 2.5% yr/yr, came largely in-line with analyst expectationsAdjusted EPS for Q2 beats consensus, per LSEG dataAdjusted EBITDA missed estimatesCo reaffirms 2025 revenue and adjusted EBITDA guidanceOutlookGetty Images reaffirms 2025 revenue guidance of $931 mln to $...
Reuters
Mon, Aug 11
FOREX-Dollar edges up with US inflation report on tap
U.S. dollar index up 0.3%Trump signs order extending China tariff deadline for 90 days, official saysBitcoin closes in on record high, ether upBy Saqib Iqbal Ahmed NEW YORK, Aug 11 (Reuters) - The U.S. dollar firmed across the board on Monday, a day before the release of a U.S. inflation repo...
Reuters
Mon, Aug 11
Australian Dollar consolidates ahead of RBA rate call; traders eye US inflation data
The Australian Dollar (AUD) trades with a slightly negative tone against the US Dollar (USD) on Monday, with AUD/USD holding steady above the 0.6500 level as investors brace for Tuesday’s Reserve Bank of Australia (RBA) monetary policy decision.
AUD/USD
Fxstreet
Mon, Aug 11
Brazil-US meeting canceled amid tariff dispute, says finance minister
SAO PAULO, Aug 11 (Reuters) - Brazil Finance Minister Fernando Haddad said on Monday that his virtual meeting with U.S. Treasury Secretary Scott Bessent had been canceled after initially being scheduled for Wednesday.That was a setback for the Brazilian government, which had hoped to use the meeting...
Reuters
Mon, Aug 11
CANADA FX DEBT-Canadian dollar hits a six-day low ahead of pivotal US inflation data
Canadian dollar falls 0.2% against the greenbackTouches a six-day low at 1.3795Price of oil increases 0.5%10-year yield hits a five-week lowBy Fergal Smith TORONTO, Aug 11 (Reuters) - The Canadian dollar weakened to a six-day low against its U.S. counterpart on Monday, as the greenback notched br...
Reuters
Mon, Aug 11
EUR/JPY steady as markets eye Trump-Putin talks on Ukraine
The EUR/JPY pair is holding steady around 171.75 in Monday’s session, with a slightly weaker Euro (EUR) against the Japanese Yen (JPY) reflecting a cautious market mood as attention shifts to geopolitics.
EUR/JPY
Fxstreet
Mon, Aug 11
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