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Forex Today: US Dollar consolidates Fed-inspired gains, key data incoming
Here is what you need to know on Thursday, July 31:
FX option expiries for Jul 31 NY cut
FX option expiries for Jul 31 NY cut at 10:00 Eastern Time via DTCC can be found below.
USD/CHF tumbles to below 0.8150 ahead of Trump's tariff deadline
The USD/CHF pair drifts lower to around 0.8125 during the early European trading hours. The Greenback weakens against the Swiss Franc (CHF) despite the hawkish stance from the US Federal Reserve officials.
NZD/USD moves away from over one-month low, climbs to 0.5925-0.5930 on softer USD
The NZD/USD pair gains strong positive traction during the Asian session on Thursday and for now, seems to have snapped a five-day losing streak to sub-0.5900 levels, or over a one-month low touched the previous day.
USD/INR trades firmly as Trump threatens 25% tariffs on India
The Indian Rupee (INR) holds onto losses against the US Dollar (USD) at open on Thursday.
EUR/USD finds temporary support near 1.1400 ahead of Eurozone HICP, US NFP data
The EUR/USD pair attracts some bids near the round level of 1.1400 during the Asian trading session on Thursday. The major currency pair finds cushion as the US Dollar (USD) takes a breather after a five-day winning streak.
USD/KRW remains subdued near 1,391 following US-Korea trade agreement
USD/KRW depreciates after registering gains in the previous session, trading around 1,391 during the Asian hours on Thursday. The pair inches lower as the South Korean Won (KRW) receives support after Seoul and Washington finalized a trade agreement.
US President Trump says Canada trade deal would be hard amid plans to recognise Palestinian state
US President Donald Trump said on Thursday that Canada's support for Palestine makes it difficult to form a trade agreement.
GBP/USD steadily climbs above mid-1.3200s amid a softer USD; bulls lack conviction
The GBP/USD pair attracts some buyers during the Asian session on Thursday and reverses a part of the previous day's decline to the lowest level since May 13.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
AUD/JPY Price Forecast: Falls to near 96.00 as sentiment remains neutral
AUD/JPY loses ground for the fourth successive session, trading around 96.10 during the Asian hours on Thursday. The technical analysis of the daily chart shows that the currency cross moves sideways within the rectangular pattern, suggesting a prevailing neutral sentiment.
EUR/JPY holds losses near 170.00 after BoJ policy, German HICP data awaited
EUR/JPY continues its losing streak for the fourth consecutive day, trading around 169.90 during the Asian session on Thursday. The currency cross loses ground following the release of the Bank of Japan's (BoJ) interest rate decision.
GBP/JPY weakens to near 197.00 as BoJ holds rates steady
The GBP/JPY cross faces some selling pressure to around 197.10 during the Asian trading hours on Thursday. The Japanese Yen (JPY) strengthens against the Pound Sterling (GBP) after the Bank of Japan (BoJ) interest rate decision.
US Dollar Index holds losses near 100.00 ahead of PCE inflation data
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is halting its five-day winning streak and trading around 99.80 during the Asian hours on Thursday.
Japanese Yen rebounds from multi-month low against USD ahead of BoJ decision
The Japanese Yen (JPY) edges higher against a softer US Dollar (USD) during the Asian session on Thursday and recovers a part of the previous day's slide to its lowest level since early April.
Australian Dollar holds ground following release of Retail Sales, China's PMI data
The Australian Dollar (AUD) appreciates on Thursday, halting its five-day losing streak. The AUD/USD pair maintains its position following the release of key economic data from Australia and its close trading partner, China.
US Commerce Secretary Lutnick: Made trade deals with Cambodia and Thailand
US Commerce Secretary Howard Lutnick spoke in a Fox News interview on Wednesday, saying that the United States (US) has made trade agreement with Cambodia and Thailand
China's July NBS Manufacturing PMI climbs to 49.3
China's official Manufacturing Purchasing Managers' Index (PMI) rose to 49.3 in July, as against 49.7 reported in June. The market forecast was 49.7.
Australia's Retail Sales rise 1.2% MoM in June vs. 0.4% expected
Australia's Retail Sales, a measure of the country's consumer spending, rose 1.2% MoM in June, compared to 0.2% in May, the official data published by the Australian Bureau of Statistics (ABS) showed on Wednesday.The reading came in above the market expectations of 0.4%.
USD/CAD posts modest gains above 1.3800 as BoC signals possible cuts ahead
The USD/CAD pair posts modest gains near 1.3830 during the Asian trading hours on Thursday. The US Dollar (USD) edges higher against the Canadian Dollar (CAD) after the Federal Reserve (Fed) left US interest rates unchanged and signaled the US central bank isn't ready to cut rates.
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