News
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INDIA RUPEE-Rupee holds firm on intervention expectations, shrugs off fresh US tariffs
By Nimesh Vora MUMBAI, August 7 (Reuters) - The Indian rupee was largely unchanged on Thursday, defying pressure from additional U.S. tariffs as expectations of central bank intervention supported the Asian currency, traders said. The rupee was quoted at 87.7250 to the U.S. dollar as of 1:16 p.m...Reuters
Thu, Aug 7
FOREX-Euro hits fresh highs on peace talks in Ukraine, BoE in focus
Euro rises on hopes for peace deal in UkraineDollar on backfoot on data, risks of partisanship in U.S. institutionsSwiss Franc up vs dollar despite high tariffsSterling marks time ahead of anticipated BoE cutBy Stefano Rebaudo and Rocky Swift Aug 7 (Reuters) - The euro hit a fresh 1-1/2-week ...Reuters
Thu, Aug 7
GBP/JPY falls below 196.50 as BoE eyes quarter basis point rate cut
GBP/JPY depreciates after registering gains in the previous two successive sessions, trading around 196.30 during the European hours on Thursday. The currency cross remains subdued following the release of Halifax House Prices from the United Kingdom (UK).
Fxstreet
Thu, Aug 7
RPT-Trump tariff salvo sees India central bank return to out-of-favour rupee derivative tool
By Nimesh Vora MUMBAI, August 7 (Reuters) - The Reserve Bank of India has resumed intervention in the non-deliverable forwards market over the past fortnight to manage rupee volatility triggered by mounting trade tensions with the United States, four bankers told Reuters.This marks a return to a...Reuters
Thu, Aug 7
Trump tariff salvo sees India central bank return to out-of-favour rupee derivative tool
By Nimesh Vora MUMBAI, August 7 (Reuters) - The Reserve Bank of India has resumed intervention in the non-deliverable forwards market over the past fortnight to manage rupee volatility triggered by mounting trade tensions with the United States, four bankers told Reuters.This marks a return to a...Reuters
Thu, Aug 7
Chinese firms sell record amount of currency options in first half of 2025
SHANGHAI, Aug 7 (Reuters) - Chinese companies sold a record amount of currency options in the first half of this year as domestic businesses, particularly exporters, bet on a steady yuan and used derivatives to make some extra money.WHY IT'S IMPORTANTThe trend is further evidence Chinese exporte...Reuters
Thu, Aug 7
IFX Payments' Argentex takeover deal terminated
Aug 7 (Reuters) - The previously announced acquisition of Britain's Argentex AGFX.L by cross-border payments provider IFX Payments has been terminated after the currency risk management business entered administration last month, the companies said on Thursday.The companies had agreed to an emer...Reuters
Thu, Aug 7
EUR/GBP holds below 0.8750, all eyes on BoE rate decision
The EUR/GBP cross trades on a negative note near 0.8730 during the early European session on Thursday. The Euro (EUR) remains weak against the Pound Sterling (GBP) after the German Industrial Production data. All eyes will be on the Bank of England (BoE) interest rate decision later on Thursday.
Fxstreet
Thu, Aug 7
USD/CHF trades with negative bias around mid-0.8000s, downside remains cushioned
The USD/CHF pair trades with a negative bias for the third consecutive day, though it lacks follow-through selling amid mixed fundamental cues. Spot prices manage to hold above the weekly low through the Asian session on Thursday and currently trade just above mid-0.8000s, down 0.10% for the day.
Fxstreet
Thu, Aug 7
Australia, NZ dollars hit one-week highs amid US dollar malaise
AUD, NZD rebound but still long way to break out of recent rangeNAB trims near-term forecast for Aussie SYDNEY, Aug 7 (Reuters) - The Australian and New Zealand dollars hit one-week highs on Thursday as their U.S. counterpart felt the heavy weight of rate cut bets, growth worries and tariff jitt...Reuters
Thu, Aug 7
FOREX-Dollar holds losses on US economy concerns, Fed appointments
Dollar remains on backfoot on Fed rate cut betsSterling marks time ahead of anticipated BoE cutBy Rocky Swift TOKYO, Aug 7 (Reuters) - The dollar remained lower against major peers on Thursday, as expectations of Federal Reserve rate cuts grew and concerns swirled about partisanship creeping into...Reuters
Thu, Aug 7
Silver Price Forecast: XAG/USD extends the rally to above $38.00 amid renewed trade concerns
The Silver price (XAG/USD) extends its upside around $38.05 during the early European trading hours on Thursday. The white metal trades in positive territory for the fifth consecutive day amid a softer US Dollar (USD).
Fxstreet
Thu, Aug 7
NZD/USD climbs near 0.5950 after China surplus, RBNZ inflation outlook
NZD/USD extends its gains for the second successive session, trading around 0.5950 during the Asian hours on Thursday. The pair appreciates following the release of China’s trade balance and the Reserve Bank of New Zealand’s (RBNZ) Inflation Expectations data.
Fxstreet
Thu, Aug 7
EUR/USD holds positive ground above 1.1650 ahead of German Industrial Production data
The EUR/USD pair trades with mild gains around 1.1665 during the Asian trading hours on Thursday, bolstered by a weaker US Dollar (USD). The German June Industrial Production, Eurozone Economic Bulletin and US weekly Jobless Claims will be released later on Thursday.Fxstreet
Thu, Aug 7
