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USD/CAD sticks to modest gains above 1.3900 amid sliding Oil prices, USD uptick

The USD/CAD pair trades with a positive bias for the second straight day on Monday and climbs to the 1.3920-1.3925 area during the Asian session. The uptick is sponsored by a combination of factors, though the lack of follow-through buying warrants caution for aggressive bullish traders.
New
update2025.07.07 12:19

US Dollar Index inches higher above 97.00 as Trump warns extra 10% tariff on BRICS ally

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent losses and trading higher around 97.10 during the Asian hours on Monday.
New
update2025.07.07 12:03

Japanese Yen weakens as dismal wage growth data tempers early BoJ rate hike bets

The Japanese Yen (JPY) edges lower against its American counterpart at the start of a new week following the release of weaker domestic data. Real wages in Japan fell for the fifth straight month in May, at the fastest pace in nearly two years amid persistent inflationary pressures.
New
update2025.07.07 11:51

US President Trump warns of an additional 10% tariff on nations aligned with BRICS

US President Donald Trump said in his social media tweet early Monday, "I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th.
New
update2025.07.07 11:48

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

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