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AUD/USD slides as weak Australian jobs data meets robust US retail sales
The Australian Dollar (AUD) is weakening against the US Dollar (USD) on Thursday after employment data from Australia reflected a slowdown in the labour market. Meanwhile, US Retail Sales data surprised to the upside, reflecting an increase in consumer spending in June.
US to impose 93.5% tariff on Chinese battery material
According to early reporting, the United States (US) could be poised to introduce a new steep import tariff on Chinese goods, this time centered around battery technology, specifically battery-grade graphite.
Dow Jones Industrial Average tests higher ground after upbeat Retail Sales print
The Dow Jones Industrial Average (DJIA) extended a mid-week rebound on Thursday, tipping back into positive territory for the week as investors continue to brush off inflationary fears, tariff threats, and growing concerns that the Federal Reserve (Fed) could be poised to lose its political autonomy
Fed's Daly holds the line on cautious Fed approach amid price volatility
Federal Reserve (Fed) Bank of San Francisco President Mary C.
USD/CHF rebounds on hawkish Fed stance and upbeat US economic data
The US Dollar (USD) is firming against the Swiss Franc (CHF) as upbeat US economic data and hawkish Federal Reserve (Fed) comments support demand for US yields.
GBP/USD slips on robust US data as Fed cut odds fade
The GBP/USD drops during the North American session, edges down 0.07% following the release of strong US economic data that boosted the Greenback which hit a new July high as it recovers some ground at the beginning of the second half. At the time of writing, the pair trades at 1.3408.
German Chancellor Merz signals resistance to EU taxation plans
Chancellor of Germany Friedrich Merz flashed warning signs on Thursday, warning European Union (EU) plans to shore up budgets using new or increased corporate taxation schemes will likely meet resistance from the German contingent.
EUR/CHF Price Forecast: Euro stabilizes above 0.9300 as bears fails to trigger a breakdown
EUR/CHF is holding firm above 0.9300 on Thursday, with the pair attempting to rebound from the lower boundary of its multi-week consolidation zone.
EUR/JPY retreats from YTD high with price action falling in a tight range
The Euro (EUR) is trading in a narrow range against the Japanese Yen (JPY) on Thursday, after reaching a one-year high of 173.25 on Wednesday. Despite a minor pullback, central bank divergence and a diminishing outlook for Japan's economy remain a key theme.
EUR/USD drops below 1.1600 as US Dollar strengthens on robust Retail Sales data
The Euro (EUR) extended its decline against the US Dollar on Thursday, weighed down by a stronger Greenback and upbeat US economic data.
Fed's Kugler: It is appropriate to keep rates steady "for some time"
FOMC Governor Adriana Kugler said that the Federal Reserve should not lower interest rates "for some time" since the effects of Trump administration tariffs are starting to show up in consumer prices. She added that restrictive monetary policy is essential to keep inflationary psychology under line.
USD/JPY climbs as resilient Retail Sales beats estimates with Fed comments in focus
The US Dollar (USD) is gaining renewed momentum against the Japanese Yen (JPY), with central bank divergence continuing to serve as a key driver for the USD/JPY pair.
Gold price slips as US Retail Sales beat expectations
Gold (XAU/USD) is experiencing a pullback in the European session on Thursday as traders digest US Retail Sales data and await further comments from Federal Reserve (Fed) officials. The yellow metal trades near $3,315 at the time of writing, losing almost 1% in the day.
US Retail Sales rise 0.6% in June vs. 0.1% expected
Retail Sales in the US increased by 0.6% on a monthly basis to $720.1 billion in June, the US Census Bureau reported on Thursday. This reading followed the 0.9% decrease reported in May and came in better than the market expectation for an increase of 0.1%.
US: Initial Jobless Claims dropped to 221K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance fell to 221K for the week ending July 12.
Silver Price Forecast: XAG/USD consolidates below multi-year high as bullish momentum softens
Silver (XAG/USD) is little changed on Thursday, trading around $37.80 after logging a modest gain of nearly 0.56% on Wednesday.
US Dollar holds firm as Trump walks back threat to remove Fed Chair Powell
The US Dollar (USD) gains positive traction on Thursday, recovering from a brief wobble late Wednesday after reports emerged that US President Donald Trump was considering firing Federal Reserve (Fed) Chair Jerome Powell.
JPY is underperforming into this weekend's upper house elections - Scotiabank
The Japanese Yen (JPY) is weak, down 0.6% against the US Dollar (USD) and underperforming most of the G10 currencies amid broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
GBP a relative outperformer on labor data surprise - Scotiabank
The Pound Sterling (GBP) is down only 0.2% against the US Dollar (USD) and outperforming all of its G10 peers into Thursday's NA open. In the longer run, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Gold Price Forecast: XAU/USD approaches weekly lows at $3,320
Gold (XAU/USD) is trading lower on Thursday, weighed by a stronger US Dollar, with risk appetite subdued amid ongoing uncertainty about global trade and rumours about the resignation of the Fed Chair Jerome Powell.The precious metal retreats from Monday's highs at $3,375, but price action remains co
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