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CORRECTED-FOREX-Dollar firms but stays on track for weekly loss after Trump's Fed governor pick
Dollar firms slightly versus peersWeighed on this week by rate cut bets, Trump's Fed pick Traders pricing two U.S. rate cuts this year Pound boosted by narrow BoE vote to cut ratesBy Jaspreet Kalra and Lucy Raitano SINGAPORE/LONDON, Aug 8 (Reuters) - The dollar firmed slightly on Friday but w...Reuters
Fri, Aug 8
USD/JPY rises beyond 147.50 amid a broadly firmer US Dollar
The US Dollar is reverting to the previous two days' losses as investors welcomed reports suggesting that Fed Governor Waller is emerging as a top candidate for the replacement of Chair Powell in May, while a moderate risk appetite is weighing on the safe-haven Yen.
Fxstreet
Fri, Aug 8
INDIA RUPEE-Rupee logs worst losing streak in 6 months on US tariff woes; RBI caps damage
By Dharamraj Dhutia MUMBAI, Aug 8 (Reuters) - The Indian rupee ended lower for a fifth straight week, its biggest consecutive weekly drop in six months, as trade tensions between India and the United States escalated following President Donald Trump's call for new tariffs on Indian goods.The ...Reuters
Fri, Aug 8
EUR/GBP slides further toward 0.8750 as traders pare back bets for BoE cuts
The Euro keeps heading south against the British Pound on Friday. The pair has lost nearly 90 pips since the Bank of England released its monetary policy decision, as price action approaches 0.8650 and is on track for a 0.8% weekly decline.
Fxstreet
Fri, Aug 8
ANALYSIS-Investors betting voters in Bolivia will make a turn to the right
First round of Bolivia's presidential election scheduled for August 17International bonds rally on post-election policy shift hopes Debt repayments loom with reserves at record lowsProspects for IMF program seen as relief; painful reforms neededBy Johann M Cherian and Rodrigo Campos Aug 8 (R...Reuters
Fri, Aug 8
INSIGHT-Canada is trying to salvage its relationship with Mexico after falling out with Trump
Relations ran cold after Trudeau suggested Canada would negotiate without MexicoNow Mark Carney is trying to rebuild trust with Mexico's Claudia SheinbaumBad blood left by 2018 trade talks left Mexican officials feeling betrayedCanadian official says Mexico should 'look in the mirror' By...Reuters
Fri, Aug 8
South Africa's central bank sees only modest impact from US tariffs
By Kopano Gumbi PRETORIA, Aug 8 (Reuters) - South Africa's central bank believes U.S. tariffs will only have a modest impact on the country's economic growth while leaving its inflation levels broadly unchanged, its governor said on Friday.U.S. imports from South Africa are now subject to...Reuters
Fri, Aug 8
USD/CHF approaches 0.8100 with the Swiss Franc on the defensive
The Swiss Franc is underperforming on Friday, hammered by a moderate risk appetite and the threat from hefty US tariffs on Swiss imports, which is boosting a mild USD/CHF recovery from Thursday’s lows at 0.8045 to levels nearing 0.8100.The Swiss President Karin Keller-Sutter left Washington on Thurs
Fxstreet
Fri, Aug 8
CEE MARKETS-Currencies hold their gains, Romania rate decision due
By Alan Charlish WARSAW, Aug 8 (Reuters) - Central European currencies were hanging on to gains from the previous session on Friday amid growing hopes for a breakthrough to end the war in Ukraine, while investors were looking ahead to an interest rate decision in Romania.The Kremlin said on Thurs...Reuters
Fri, Aug 8
EMERGING MARKETS- FX, stocks set for weekly gains as Fed rate cut hopes persist despite US tariffs
Trump to nominate economist Miran to Fed board Romania interest rate decision awaited MSCI EM FX, stocks set for weekly gains By Sukriti Gupta and Purvi Agarwal Aug 8 (Reuters) - Most emerging market currencies were subdued on Friday and equities fell, as investors assessed U.S. President Donald ...Reuters
Fri, Aug 8
Pound Sterling holds gains as traders pare BoE interest rate cut bets after tight vote
The Pound Sterling (GBP) holds onto Thursday’s gains during the European trading session on Friday as traders pare bets supporting interest rate cuts by the Bank of England (BoE) after the monetary policy announcement on Thursday, in which officials decided to cut rates but after a very tight vote.Fxstreet
Fri, Aug 8
USD/CAD Price Forecast: Holds 20-day EMA around 1.3730 ahead of Canadian employment data
The USD/CAD pair trades in a tight range around 1.3730 during the European trading session on Friday. The Loonie pair consolidates as investors await the Canadian labor market data for July, which will be published at 12:30 GMT.
Fxstreet
Fri, Aug 8
EUR/JPY Price Forecast: Constructive outlook prevails, first upside barrier emerges above 172.00
The EUR/JPY cross loses traction to around 171.60 during the early European session on Friday. The Japanese Yen (JPY) edges higher against the Euro (EUR) after the Japanese trade envoy’s comments.
Fxstreet
Fri, Aug 8
FOREX-Trump's Fed governor pick keeps US dollar under pressure
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 SINGAPORE, Aug 8 (Reuters) - The dollar was steady on Friday but poised for a weekly fall as U.S. President Donald Trump's temporary...Reuters
Fri, Aug 8
AUD/JPY sits near weekly top, bulls await sustained move beyond 96.00 mark
The AUD/JPY cross reverses an Asian session dip to the 95.65 area and climbs back closer to the weekly high touched earlier this Friday. Spot prices, however, lack follow-through, with bulls awaiting a sustained strength and acceptance above the 95.00 mark before positioning for any further gains.
Fxstreet
Fri, Aug 8
GBP/JPY holds onto gains near 198.00, BoJ warns of global trade uncertainty
The GBP/JPY pair clings to gains after a three-day winning streak around 198.00 during the late Asian trading session on Friday. The cross remains broadly firm as a hawkish interest rate cut by the Bank of England (BoE) has pushed the Pound Sterling on the front foot.
Fxstreet
Fri, Aug 8
