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NZD/USD extends downside below 0.6050 as traders await details of tariff deals

The NZD/USD pair extends the decline to around 0.6035 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) weakens against the Greenback amid tariff uncertainty triggered by US President Donald Trump.
New
update2025.07.07 11:42

Australian Dollar declines as Trump prepares to send tariff letters to trading partners

The Australian Dollar (AUD) loses ground against the US Dollar (USD) on Monday, continuing its losing streak for the third successive session.
New
update2025.07.07 11:06

WTI slumps to near $65.00 as OPEC+ hikes August output larger than expected

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.00 during the early Asian trading hours on Monday. The WTI price slumps after the Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed to a bigger-than-expected production increase in August. 
New
update2025.07.07 10:46

PBOC sets USD/CNY reference rate at 7.1506 vs. 7.1535 previous

On Monday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1506 as compared to Friday's fix of 7.1535 and 7.1626 Reuters estimate.
New
update2025.07.07 10:15

EUR/USD remains below 1.1800 due to renewed trade concerns, Eurozone Retail sales eyed

EUR/USD edges lower after registering gains in the previous session, trading around 1.1780 during the Asian hours on Monday. The pair struggles due to renewed tariff concerns, driven by the comments from US Treasury Secretary Scott Bessent.
New
update2025.07.07 10:06

GBP/USD lacks firm intraday direction, flat lines around mid-1.3600s

The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow band around mid-1.3600s during the Asian session amid mixed fundamental cues.
New
update2025.07.07 10:01

Gold Price Forecast: XAU/USD attracts some sellers to below $3,350 amid tariff uncertainty

The Gold price (XAU/USD) attracts some sellers to around $3,320 during the early Asian session on Monday. The precious metal edges lower as the US June Nonfarm Payrolls (NFP) report altered the US Federal Reserve (Fed) policy expectations.
New
update2025.07.07 09:45

OPEC+ agrees to a bigger-than-expected production increase  in August - Bloomberg

The Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed on Saturday to hike their collective crude production by 548,000 barrels per day (bpd), as they continue to unwind a set of voluntary supply cuts, per Bloomberg. This is faster than the 411,000 bps expected.
New
update2025.07.07 08:46

Israel carries out 'intense' strikes on Houthi targets in Yemen

Israel stated late Sunday that the country's military had attacked Houthi targets at three ports and a power plant in Yemen. Defence Minister Israel Katz confirmed the attack, saying they were carried out due to repeated attacks by the Iranian-backed rebel group on Israel.
New
update2025.07.07 08:36

AUD/USD weakens to near 0.6550 on renewed tariff concerns

The AUD/USD pair trades in negative territory for the third consecutive day near 0.6550 during the early Asian session on Monday. The renewed concern about a global trade war weighs on the Australian Dollar (AUD) against the Greenback.
New
update2025.07.07 08:18

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