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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
China's July exports top forecasts amid rush to meet Trump tariff deadline
July exports +7.2% y/y vs +5.4% in Reuters pollImports +4.1% y/y vs forecast -1.0% in pollChina faces August 12 deadline to reach trade deal with U.S. BEIJING, Aug 7 (Reuters) - China's exports beat forecasts in July, as manufacturers made the most of a fragile tariff truce between Beijing a...Reuters
Thu, Aug 7
China's July dollar-denominated exports rise 7.2% y/y, imports up 4.1%
BEIJING, Aug 7 (Reuters) - China's export growth picked up pace in July, expanding 7.2% from a year earlier in value terms, while imports grew 4.1%, customs data showed on Thursday.Outbound shipments were expected to expand an annual 5.4%, according to a Reuters poll of economists, down from a 5...Reuters
Thu, Aug 7
REFILE-USD/INR NDFs largely calm after US imposes additional tariffs on India
MUMBAI, Aug 7 (Reuters) - USD/INR non-deliverable forwards (NDFs) remained largely unmoved after U.S. President Donald Trump's announcement of increased tariffs on Indian goods.On Wednesday, Trump issued an executive order imposing an additional 25% tariff on goods from India, citing the country...Reuters
Thu, Aug 7
NZD/USD weakens to below 0.5950 ahead of RBNZ Inflation Expectations release
The NZD/USD pair trades on a softer note around 0.5930 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) amid renewed tensions between the United States (US) and China.Fxstreet
Thu, Aug 7
FOREX-Dollar holds losses on US economy concerns, Fed appointments
By 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 key U.S. institutions.Initial jobless claims in the United States are under scrutiny after las...Reuters
Thu, Aug 7
Bank of England, facing jobs-inflation dilemma, poised to cut rates
LONDON, Aug 7 (Reuters) - The Bank of England looks poised to cut interest rates for the fifth time in 12 months on Thursday but nagging worries about inflation are likely to split its policymakers and cloud the outlook for its next moves.Reuters
Thu, Aug 7
USD/CAD trades flat below 1.3750 as traders await nominations for next Fed Chair
The USD/CAD pair holds steady near 1.3740 during the early Asian session on Thursday. Investors remain cautious about US President Trump’s plans for Chief Jerome Powell’s replacement and further developments on tariffs ahead of the upcoming deadline.
Fxstreet
Wed, Aug 6
Silver Price Forecast: XAG/USD rises toward $3800 on US Dollar slide
Silver Price advances during the North American session, up by 0.39% as the Greenback weakens more than 0.50%, as revealed by the US Dollar Index (DXY). At the time of writing, the XAG/USD trades at $37.88 after hitting a low of $37.31.Fxstreet
Wed, Aug 6
