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GBP/USD slips to 1.3401 as US-EU trade deal lifts Dollar ahead of Fed meeting
The GBP/USD drops 0.25% during the North American session after the United States (US) and the European Union (EU) reached a trade agreement before the August 1 deadline set by President Donald Trump. At the time of writing, the pair trades at 1.3401, near two-week lows.
CFTC: US June's suggest a significant pick up in activity - Rabobank
US Dollar (USD) net short positions have decreased for the fourth consecutive week, driven by an increase in long positions. Euro (EUR) net long positions have decreased, driven by an increase in short positions.
Canadian Dollar steadies as oil gains, trade tensions cap upside
The Canadian Dollar (CAD) remains under pressure on Monday, as the week began with the US Dollar (USD) regaining ground amid improving global trade sentiment.
President Trump: We're doing well even without a rate cut
President Donald Trump renewed his criticism over the Federal Reserve's helm ahead of its key meeting on Wednesday, where consensus largely anticipates rates will remain unchanged.
Silver Price Forecast: XAG/USD wobbles near $38.00 as trade optimism dulls safe-haven demand
Silver (XAG/USD) is treading water near $38.00 on Monday, struggling to regain momentum after last week's technical breakdown. Although prices are holding steady on the day, broader market sentiment is weighing on the metal.
US Dollar gains as US-EU deal eases trade tensions
The US Dollar (USD) starts the week on a firmer note, extending its modest recovery since Thursday, as easing global trade tensions lift investor sentiment.
USD/JPY extends gains to the 138.40 area as the Dollar rallies after trade deals
US President Trump and European Commission President Ursula von der Leyen agreed on Sunday on a framework very similar to the US-Japan trade deal signed last week.European products will face a15% levy, down from the 30% announced earlier in July, and, in exchange, the EU will invest EUR 600 billion
EUR underperforming most G10 currencies - Scotiabank
The Euro (EUR) is weak, down 0.7% against the US Dollar (USD) and underperforming all of the G10 currencies with the exception of NZD, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD soft but performing relatively well vs. G10 - Scotiabank
The Canadian Dollar (CAD) is soft, down 0.2% against the US Dollar (USD) and outperforming all of the G10 currencies as we head into Monday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/JPY: Any advance is likely part of a 147.25/148.25 range - UOB Group
There is room for US Dollar (USD) to rise further against Japanese Yen (JPU), but any advance is likely part of a 147.25/148.25 range.
AUD/USD tumbles to near 0.6500 as US Dollar gains on US-EU tariff deal approval
The AUD/USD pair is down almost 0.6% to near the psychological level of 0.6500 during the European trading session on Monday.
USD strengthens on US/EU trade deal ahead of Fed on Wednesday - Scotiabank
The US Dollar (USD) is strong and starting off the week with broad gains across all of the G10 currencies as markets respond to the news of a US/EU trade deal agreed over the weekend, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
NZD/USD: Odds of NZD rising to 0.6080 are diminishing - UOB Group
New Zealand Dollar (NZD) is likely to trade in a range of 0.6005/0.6040 against US Dollar (USD). In the longer run, upward momentum is beginning to slow; the odds of NZD rising to 0.6080 are diminishing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The PBoC continues to prefer a weaker CNY - Commerzbank
The USD/CNY exchange rate has not moved much in recent weeks. Since the US and China agreed to a truce in the trade war on 11 June, the exchange rate has moved within a range of just 7.155 to 7.188, which is not even 0.5%.
AUD/USD may still move to 0.6645 - UOB Group
Australian Dollar (AUD) is likely to consolidate in a range of 0.6555/0.6595 against US Dollar (USD). In the longer run, short-term momentum has eased slightly; AUD may still move to 0.6645, but the odds are not high, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
RUB: 200bp cut delivered, more coming - Commerzbank
The Russian central bank (CBR) cut its policy rate by 200bp to 18.0% last Friday, matching market expectations. This move followed recent disinflationary developments where the seasonally-adjusted annualised inflation rate already reached CBR's 4% target.
GBP/USD: The major support at 1.3365 is unlikely to into view - UOB Group
As long as Pound Sterling (GBP) holds below 1.3480 against US Dollar (USD), it could test 1.3405; the major support at 1.3365 is unlikely to into view.
EUR/GBP extends rebound after breakout - Société Générale
EUR/GBP resumed its upward trajectory after breaking out of recent consolidation. Momentum indicators remain supportive, with the pair eyeing 0.8800 and higher levels, while 0.8645-0.8660 serves as near-term support, Société Générale's FX analysts note.
USD: The last big trading week of the summer - ING
Markets have taken the news of a US-EU trade deal positively.
USD/CHF jumps to near 0.8000 as US Dollar outperforms across the board
The USD/CHF pair attracts significant bids and jumps to near the psychological level of 0.8000 on Monday. The Swiss Franc pair trades firmly as the US Dollar (USD) outperforms its peers, following the announcement of a trade framework between the United States (US) and the European Union (EU).
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