News
Important Only
USD/CAD crawls up beyond 1.3770 amid a stronger US Dollar
The Canadian Dollar is on the defensive today, with Crude prices depressed near two-month lows, while the US Dollar picks up from lows, bringing the pair to intra-day highs near 1.3770 in an otherwise calm trading session.The Loonie is losing ground on Monday as Oil prices languish at their lowest l
Fxstreet
Mon, Aug 11
REFILE-FOREX-Dollar slips before inflation report, US-China tariff deadline
Risk-on mood spurs further declines for U.S. currency Traders expect extension of U.S.-China tariff truceBitcoin closes in on record high, ether surgesBy Gregor Stuart Hunter SINGAPORE, Aug 11 (Reuters) - The U.S. dollar extended declines on Monday as investors watched for the outcome of events...Reuters
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
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
INDIA RUPEE-Rupee pares opening lift on hedging flows, weak undertone
By Nimesh Vora MUMBAI, Aug 11 (Reuters) - The Indian rupee gave up part of its opening advance on Monday, pressured by hedging demand from corporates, while the broader bias for the currency remained weak amid U.S. tariff concerns.The local unit, which opened at 87.5050, failed to extend gains, ...Reuters
Mon, Aug 11
GBP/JPY Price Forecast: Looks set to reclaim 200.00
The GBP/JPY pair trades almost flat around 198.60 during the late Asian trading session on Monday. The pair strives to extend its four-day winning streak, with investors awaiting the United Kingdom (UK) labor market data for three-months ending June, which is scheduled to be released on Tuesday.
Fxstreet
Mon, Aug 11
Bessent says new Fed chair should be someone who can examine organization, Nikkei reports
TOKYO, Aug 11 (Reuters) - U.S. Treasury Secretary Scott Bessent said the new Federal Reserve chair should be someone "who can examine the whole organization" as the Fed's mission has included so many things outside of monetary policy and has put its independence at riskReuters
Mon, Aug 11
EUR/USD strengthens to above 1.1650 on ECB’s cautious stance
The EUR/USD pair climbs to near 1.1675 during the early European session on Monday. The Euro (EUR) strengthens against the US Dollar (USD) due to a potential meeting between US President Donald Trump and Russian President Vladimir Putin on Friday to end sanctions.
Fxstreet
Mon, Aug 11
NZD/USD trades with negative bias around mid-0.5900s ahead of US-China tariff truce deadline
The NZD/USD pair ticks lower at the start of a new week and moves further away from over a one-week top touched on Friday, though it lacks follow-through selling. Spot prices currently trade around mid-0.5900s, down less than 0.10% for the day, amid mixed fundamental cues.
Fxstreet
Mon, Aug 11
USD/INR opens marginally higher on India Rupee’s continued underperformance
The Indian Rupee (INR) opens slightly negative around 87.70 against the US Dollar (USD) at the start of the week. The USD/INR ticks up as the Indian Rupee continues to underperform due to United States (US)-India trade tensions.Fxstreet
Mon, Aug 11
USD/CHF falls toward 0.8050 as traders expect multiple rate cuts by Fed
USD/CHF loses ground after two days of gains, trading around 0.8060 during the Asian hours on Monday. The pair edges lower due to rising odds of the Federal Reserve (Fed) delivering multiple rate cuts by the end of this year.
Fxstreet
Mon, Aug 11
USD/CAD steadies near 1.3750 as weak US data fuel Fed rate cut bets
USD/CAD inches lower after two days of losses, trading around 1.3750 during the Asian hours on Monday. The pair depreciates as the US Dollar (USD) faces challenges amid recent weakening in US economic data, which prompted traders to price in the possibility of more interest rate cuts this year.Fxstreet
Mon, Aug 11
Australian dollar holds steady ahead of expected rate cut, kiwi flat
RBA's 25-bp rate cut fully priced in after shock last monthKey is how it communicates future movesAUD, NZD subdued after gains last week SYDNEY, Aug 11 (Reuters) - The Australian dollar held gains on Monday, with markets bracing for a central bank policy meeting this week where a rate cut is ...Reuters
Mon, Aug 11
Japanese Yen struggles to lure buyers amid mixed BoJ rate hike cues
The Japanese Yen (JPY) kicks off the new week on a subdued note amid relatively thin liquidity on the back of the Mountain Day holiday in Japan. Traders also seem reluctant to place aggressive directional bets amid mixed Bank of Japan (BoJ) rate hike cues.
Fxstreet
Mon, Aug 11
