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CAD's week-long slide extends - Scotiabank
The Canadian Dollar (CAD) continues the steady slide seen over the past week but has held up relatively well so far today in the face of President Trump's latest tariff moves, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
AUD/USD may not reach 0.6405 - UOB Group
Strong momentum is likely to lead to further weakness; oversold conditions suggest Australian Dollar (AUD) may not reach 0.6405 against US Dollar (USD), UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD stronger as tariffs boost risk aversion - Scotiabank
Tariff deadline day came in like a wrecking ball for global risk sentiment and gave more legs to the US Dollar (USD) rebound to further challenge consensus positions, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Dow Jones futures drop with trade tariffs souring sentiment and US NFP on tap
Dow Jones futures point at a negative opening on Friday as a new list of trade tariffs by US President Trump offset investors' enthusiasm about the upbeat earnings of the US tech giants, as the market shifts its focus to July's Nonfarm Payrolls report.
Indian refineries under pressure for buying Russian oil - Commerzbank
US President Trump has threatened India with punitive tariffs of an unspecified amount on top of the general tariff rate of 25% for purchases of Russian weapons and Russian energy, Commerzbank's commodity analyst Barbara Lambrecht notes.
AUD/USD holds onto losses near 0.6400 while US NFP takes centre stage
The AUD/USD pair trades vulnerably near its monthly low around 0.6420 during the European trading session on Friday.
GBP/USD: The next level to monitor is May's low of 1.3140 - UOB Group
There is room for Pound Sterling (GBP) to weaken further against US Dollar (USD); any decline is likely part of a lower range of 1.3210/1.3310.
GBP/JPY extends its decline below 198.00 on risk aversion, weak UK data
The Pound is nursing losses for the third consecutive day against the Japanese Yen, on track for a 0,65% decline this week.
TRY: Another Lira negative development - Commerzbank
The Turkish Lira (TRY) exchange rate remains on a steady depreciation path, especially against non-USD currencies. Against a 50-50 basket (USD and EUR), its depreciation rate is quite rapid -c.43% annualised.
China: Soft start to H2 - Standard Chartered
Official manufacturing PMI fell to a three-month low of 49.3 in July as demand weakened. IP and export growth may have moderated on tariff impact and fading front-loading activity. FAI and retail sales growth likely recovered from June's drop, partly due to normalisation.
USD/JPY exhibits strength near four-month high around 151.00 ahead of US NFP data
The USD/JPY pair trades firmly near a fresh four-month high around 151.00 during Friday's European session posted earlier in the day.
USD/JPY breaks triangle, eyes further gains - Société Générale
USD/JPY has confirmed a bullish breakout, reclaiming the 200-day moving average and signaling renewed upward momentum. With key support at 147.50 holding firm, the pair now sets its sights on the March high at 151.20 and further upside toward 153.10, Société Générale's FX analysts note.
US: Something new on the tariffs front - Commerzbank
The tariffs imposed by US President Trump are set to take effect today. However, there is now new information about countries that have not yet reached an agreement with the US, Commerzbank's FX analyst Antje Praefcke notes.
CAD: Further to fall after tariff hit - ING
New 'reciprocal' tariffs are having little market impact. Canada deserves special attention in our view, though, especially after Mexico secured another pause extension yesterday, ING's FX analyst Francesco Pesole notes.
EUR/USD may test the 1.1380 support - UOB Group
Euro (EUR) could test the 1.1380 level against US Dollar (USD); a sustained drop below this level seems unlikely. In the longer run, EUR view remains negative; the next level to watch is 1.1350, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD: Tariffs shrugged off, eyes on payrolls - ING
The US has unveiled new tariffs coming into effect on 7 August. The base rate for most countries has remained at 10% but other trading partners (like Canada, Switzerland and New Zealand) are hit with tariffs of up to 41%.
USD/CAD rallies further, approaches 1.3900 on higher levies to Canada
The US Dollar keeps marching higher, as the Canadian Dollar struggles after Trump decided to increase tariffs to Canada to 35% from the previous 25%, escalating the trading tension with one of its main trading partners.The US President justified his decision on Canada's alleged reluctance to coopera
Eurozone Preliminary HICP inflation steadies at 2% YoY in July vs. 1.9% expected
The Eurozone Harmonized Index of Consumer Prices (HICP) rose 2% over the year in July, at the same pace seen in June, the official data released by Eurostat showed Friday.
AUD/USD hovers near 0.6425 lows with all eyes on the US Nonfarm Payrolls
The Aussie Dollar remains depressed near one-month lows at 0.6425 against its US peer, consolidating losses after having depreciated beyond 2% so far this week.
Dow Jones futures fall due to US tariff concerns, US NFP eyed
Dow Jones futures decline ahead of the US market opening on Friday, trading around 44,100, down by 0.46%, during European hours. Meanwhile, S&P 500 futures are down by 0.41% to near 6,350, and Nasdaq 100 futures decline 0.46% to trade near 23,250.
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