Show:
Australian Dollar loses ground following China's dismal PMI
The Australian Dollar (AUD) edges lower on Friday, continuing its seven-day losing streak. The AUD/USD pair remains steady following the release of economic figures from Australia and its close trading partner, China.
China pauses US-bound corporate investment amid escalating trade tensions - Nikkei
During trade talks between the world's two biggest economies, China has halted outbound investments for firms seeking to establish or expand operations in the United States (US), Nikkei Asia reported on Friday.
China's Caixin Manufacturing PMI declines to 49.5 in July vs. 50.3 expected
China's Caixin Manufacturing Purchasing Managers' Index (PMI) eased to 49.5 in July from 50.4 in June, according to the latest data released on Friday.
Japan's Kato says he is alarmed over FX trend, driven by speculative move
Japanese Economy Minister Ryosei Akazawa on Friday alarmed over the foreign exchange (FX) moves, including those driven by speculators. Akazawa further stated that he will need to closely monitor the impact of US tariffs on exports.
PBOC sets USD/CNY reference rate at 7.1496 vs. 7.1494 previous
On Friday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1496 as compared to the previous day's fix of 7.1494 and 7.2033 Reuters estimate.
Japan's Akazawa urges caution on interest rates, calls for US tariff relief
Japanese Economy Minister Ryosei Akazawa said on Friday that the government acknowledges the Bank of Japan's (BoJ) decision to hold interest rates steady at its July meeting on Thursday.
USD/CHF climbs to near 0.8150 as Trump hits Switzerland with a 39% tariff rate
The USD/CHF pair gathers strength to near 0.8145 during the early Asian session on Friday. The Swiss Franc (CHF) weakens against the US Dollar (USD) after the US President Donald Trump set a 39% tariff on goods from Switzerland.
US President Donald Trump keeps minimum reciprocal tariff at 10% - Bloomberg
The White House stated that US President Donald Trump will keep minimum global tariff rates at 10%, resisting prior suggestions he could raise the floor to 15% or higher, Bloomberg reported late Thursday.
USD/CAD gathers strength above 1.3850 as Trump raises tariff on Canada to 35%
The USD/CAD pair edges higher to near 1.3855 during the early Asian session on Friday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) after US President Donald Trump raised Canada's tariff to 35%. The US Nonfarm Payrolls (NFP) for July will take center stage later on Friday.
EUR/USD steadies near 1.1400 as hot US data supports Fed hold, eyes on NFP
The EUR/USD recovered some ground on Thursday, up a modest 0.10% after data from the United States (US) revealed a strong economy, justifying the Federal Reserve's reluctance to reduce rates, as witnessed on Wednesday. AT the time of writing, the pair trades at 1.1417, virtually unchanged.
US President Donald Trump signs an order raising tariff rate on Canada from 25% to 35%
The White House announced late Thursday that US President Donald Trump has signed an Executive Order increasing the tariff on Canada from 25% to 35%, with the higher tariff set to take effect on August 1, 2025.
US President Donald Trump extends Mexico trade deal deadline by 90 days - Bloomberg
US President Donald Trump extended Mexico's current tariff rates for 90 days to allow more time for trade negotiations, Bloomberg reported late Thursday. The announcement came just hours before the deadline on August 1, which in Mexico's case would have triggered a 30% tariff.
GBP/USD declines further as Greenback rally continues
GBP/USD sank again on Thursday, falling for a sixth straight session and dragging the Pound Sterling (GBP) down nearly 3% top-to-bottom from last week's peak near 1.3588.
Canadian Dollar heads for a sixth straight loss as Loonie falls under the Greenback wheel
The Canadian Dollar (CAD) sank for a sixth consecutive session on Thursday, driven lower by a second straight contraction in headline Gross Domestic Product (GDP) growth on a monthly basis.
USD/JPY surges to four-month high as BoJ maintains dovish stance
The Japanese Yen (JPY) weakens for the sixth consecutive day against the US Dollar with the USD/JPY pair surging to its highest level in over four months after the Bank of Japan (BoJ) kept its short-term interest rate steady at 0.50% for a fourth consecutive meeting, as widely expected, but the acco
Forex Today: The US NFP grabs all the attention
The US Dollar (USD) extended its advance for yet another day on Thursday, reaching new two-month peaks as investors continued to assess the latest FOMC event and higher US inflation, all ahead of the critical release of the Nonfarm Payrolls on Friday.
Swiss Franc steadies as markets eye US tariff deadline, SNB reports major FX losses
The Swiss Franc (CHF) steadies against the US Dollar (USD) on Thursday, snapping a six-day losing streak as investors rotate back into the Franc amid renewed safe-haven demand.
EUR/CHF slides to multi-month low as Euro struggles amid trade woes
The Euro (EUR) weakens for the fourth straight day against the Swiss Franc (CHF) on Thursday, pressured by concerns over the recently announced US-EU trade agreement, which investors perceive as one-sided and unfavorable for the European Union (EU).
EUR/GBP rebounds from seven-week low as BoE rate cut speculation rises
The EUR/GBP cross edges higher on Thursday, snapping a three-day losing streak and rebounding from the seven-week low hit on Wednesday.
US President Trump: Will talk to Mexico over next 90 days to sign a trade deal
After speaking to Mexican President Claudia Sheinbaum on the phone on Thursday, United States (US) President Donald Trump said that Mexico will continue to pay a 25% fentanyl tariff, 25% tariff on cars, and 50% tariff on steel, aluminum, and copper.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy