Forex News

EU will be firm, working closely with US to reach an agreement - von der Leyen

Both sides look to be working towards a temporary "framework" agreement as outlined here. However, there might be a sticking point on agrifood so we'll have to see.

Wed, 09 Jul 2025 03:22:59 -0400

China calls out EU to readjust its attitude on trade relations

EU need to readjust its attitude, not China Hopes EU can uphold more positive, practical policy towards China Hopes for positive bilateral economic and trade relations EU's public procurement market is far from being fair and open as they claim it to be In case you're wondering what this is related to: China restricts government purchases of medical devices from the EU - retaliation This article was written by Justin Low at www.forexlive.com.

Wed, 09 Jul 2025 03:20:20 -0400

RBNZ Review: OCR Left at 3.25%, as Expected

As had seemed likely given the RBNZ's commentary at the May Monetary Policy Statement (MPS), and as close to fully priced by markets, the RBNZ today announced that it had decided to leave the OCR at 3.25%. The decision was reached by consensus with no vote taken.

Wed, 09 Jul 2025 02:48:03 -0400

Rupee slips as trade worries keep Asia FX on the defensive

The Indian rupee weakened slightly on Wednesday, along with its regional peers, as the dollar firmed on the back of fresh tariff threats from the United States, including a 50% levy on copper imports and 10% charge on BRICS nations.

Wed, 09 Jul 2025 02:39:31 -0400

Natural Gas and Oil Forecast: API Reports 7.1M Barrel Build, Crude Sentiment Weakens

Crude oil slips as API reports a 7.1M barrel build. Rising inventories and global tensions weigh on WTI and Brent price momentum.

Wed, 09 Jul 2025 02:19:37 -0400

Dollar Leads as Tariff Windfall Fuels Fiscal Hopes, Copper Soars on Tariff News

Dollar is leading the major currencies this week as investors digest an escalating trade war campaign from Washington. While steep tariffs typically raise concerns about disruption to global supply chains and demand, the Trump administration is clearly framing tariffs as a tool not only for reshoring production but also for offsetting revenue losses from recent tax cuts.

Wed, 09 Jul 2025 02:17:28 -0400

A quiet one on the agenda in European trading today

It's all about digesting tariff headlines and for once, the dollar seems to be holding up well. The concern now is that Trump might just really follow through on his latest tariff threats.

Wed, 09 Jul 2025 00:58:31 -0400

NZD Rallies Then Reverses After RBNZ Kept Rates On Hold At 3.25%

As expected, the Reserve Bank of New Zealand (RBNZ) kept interest rates unchanged at 3.25% in their July meeting. Here's how NZD pairs reacted.

Wed, 09 Jul 2025 00:45:00 -0400

Dax Index News: Forecast Brightens as Trump Boosts US-EU Trade Deal Hopes

DAX extends gains as US-EU trade optimism offsets weak German exports; auto and bank stocks rally while copper tariffs cloud the outlook.

Wed, 09 Jul 2025 00:38:11 -0400

EU reportedly closes in on temporary "framework" agreement with the US

This "deal" of sorts is something similar to the one with the UK, in which the 10% baseline tariffs will continue to be applied. However, unlike the UK, Trump is said to be wanting 17% tariffs on EU agrifood products as well.

Wed, 09 Jul 2025 00:31:44 -0400

Australian Dollar declines as Reuters poll forecasts RBA to deliver a rate cut in August

The Australian Dollar (AUD) depreciated against the US Dollar (USD) on Wednesday after registering more than 0.50% gains in the previous session. In a survey poll by Reuters, all 30 economists forecast the Reserve Bank of Australia to cut the cash rate by 25 basis points to 3.60% in August.

Wed, 09 Jul 2025 00:04:28 -0400

Japanese Yen prolongs weekly downtrend as trade uncertainties temper BoJ rate hike bets

The Japanese Yen (JPY) selling bias remains unabated for the third successive day on Wednesday, which, along with a broadly stronger US Dollar (USD), lifts the USD/JPY pair beyond the 147.00 mark or a fresh two-week high during the Asian session. Investors now seem convinced that the economic fallout from US President Donald Trump's 25% tariffs starting August 1 on Japanese goods would force the Bank of Japan (BoJ) to forgo raising interest rates this year.

Wed, 09 Jul 2025 00:02:41 -0400

ForexLive Asia-Pacific FX news wrap: RBNZ hold/China CPI up/USD gain on Trump tariff tease

The USD gained ground during the session, with USD/JPY notably climbing above 147.00. Trump again took to social media to discuss tariffs, saying he would release details on new tariffs targeting seven or more countries on Wednesday morning (U.S. time), with additional announcements expected in the afternoon.

Tue, 08 Jul 2025 23:44:39 -0400

Copper price climbs above $5.50 as Trump prepares to impose a 50% tariff on imports

Copper price (XCU/USD spot) extends its gains for the second successive session, trading around $5.65 per pound, during the Asian hours on Wednesday. The red metal price has gained more than 12.50% gains since US President Donald Trump, on Tuesday, told reporters at a White House cabinet meeting to impose a 50% tariff on Copper imports but he did not say when the tariff would take effect, per Reuters.

Tue, 08 Jul 2025 23:37:14 -0400

Elliott Wave outlook: DAX set to rally higher in wave five [Video]

Since April 7, 2025, the DAX Index has been advancing in a clear impulsive cycle, originating from a low that has set the stage for a structured upward movement. The initial advance, wave 1, concluded at 20468.43.

Tue, 08 Jul 2025 23:33:17 -0400

US dollar ticking higher - focus on Trump's tariffs and more letters to come

Earlier from Trump on tariffs: Trump says releasing tariff details for 7 or more countries Wednesday morning with more to follow in the afernoon Its been a slow burn sort of session with the UISD tracking dradually higher. Most notable is the yen, with USD/JPY hitting its highest since June 23: This article was written by Eamonn Sheridan at www.forexlive.com.

Tue, 08 Jul 2025 23:20:59 -0400

Hang Seng Index News: Trump's Tariffs Stir Volatility as China Producer Prices Slide

Trump's copper tariffs and weak China producer prices weigh on the Hang Seng Index, pressuring tech and EV stocks amid US-China trade tensions.

Tue, 08 Jul 2025 23:19:12 -0400

Trump's tariff blitz to weigh on Indian rupee, hurts Asia FX

The Indian rupee is poised to open weaker on Wednesday, pressured by a renewed tariff barrage from U.S. President Donald Trump that widened the scope of his trade offensive.

Tue, 08 Jul 2025 23:03:10 -0400

RBNZ keeps interest rate steady at 3.25% as expected

The Reserve Bank of New Zealand (RBNZ) board members decided to maintain the Official Cash Rate (OCR) at 3.25% following the conclusion of the July policy meeting on Wednesday.

Tue, 08 Jul 2025 22:31:14 -0400

RBNZ holds at 3.25%, signals easing path remains open

RBNZ left its Official Cash Rate unchanged at 3.25% on Wednesday, in line with market expectations, but maintained a clear easing bias in its statement.

Tue, 08 Jul 2025 22:22:24 -0400

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