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Canadian Dollar recovers as solid jobs data offsets Trump tariff fears
The Canadian Dollar (CAD) regains ground against the US Dollar (USD) on Friday, marking a two-week low during the early Asian trading session after US President Donald Trump announced a steep 35% tariff on Canadian imports, set to take effect on August 1.
US Dollar climbs on Trump tariffs, lifting DXY amid rising risk aversion
The US Dollar gains strength on Friday, supported by renewed tariff threats from US President Donald Trump, which have reignited global trade tensions and sparked a new wave of risk aversion.
Gold spikes as safe-haven demand surges on Trump's tariff threats
Gold (XAU/USD) price surged on Friday, trading above $3,340 at the time of writing, as trade tensions and safe-haven demand have overshadowed rising US yields.
CAD: Now it's Canada's turn again with tariffs - Commerzbank
A few hours ago, the US President published a letter to Canada to inform them of the introduction of 35% tariffs from 1 August. As usual, he justified this by citing the large quantities of fentanyl allegedly entering the US from Canada.
JPY underperforming as markets eye trade developments - Scotiabank
The Japanese Yen (JPY) is weak, down 0.4% against the US Dollar (USD) and trading heavily in an environment of trade policy uncertainty, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP tumbles on softer data ahead of next month's BoE meeting - Scotiabank
Pound Sterling (GBP) is down 0.3% againt the US Dollar (USD) and trading heavily in response to the release of weaker than expected data including an unexpected contraction in monthly GDP, a worrisome decline in industrial production, and a wider than expected trade deficit, Scotiabank's Chief FX St
CAD slides but quickly steadies on 35% tariff threat - Scotiabank
So much for the July 21st deadline.
Markets stay calm amidst rising tariffs - Commerzbank
The US has started sending out its tariff letters (or posting them on social media). However, the market does not seem to be interested in this at all at the moment.
US Dollar Index trades firmly below 98.00 Trump's fresh tariff threats spoils market mood
The US Dollar (USD) holds onto gains during the European trading session on Friday as fresh tariff threats by United States (US) President Donald Trump have weakened the risk appetite of investors.
USD firm on risk aversion amid new tariff threats - Scotiabank
The US Dollar (USD) is ending the week on a firm note, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/CNH: Increasing momentum suggests USD may rise - UOB Group
US Dollar (USD) is expected to trade in a range between 7.1730 and 7.1880 against Chinese Yuan (CNH). In the longer run, increasing momentum suggests USD may rise, but it is too early to expect 7.2000 to come into view, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR steady around 1.17 - Scotiabank
The Euro (EUR) is entering Friday's NA session unchanged against the US Dollar (USD) as it outperforms most of the G10 currencies in an environment of broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR/GBP Price Forecast: Breaches channel top at 0.8640 after downbeat UK data
The Euro is trading higher on Friday, supported by a weaker Pound, following a raft of downbeat macroeconomic figures in the UK. The pair has breached the top of the last two weeks' trading channel between 0.8600 and 0.8640 and is trading at 0.8645 at the time of writing.
USD/JPY: May retest the 147.20 level - UOB Group
US Dollar (USD) may retest the 147.20 level against Japanese Yen (JPY); a sustained advance above this level seems unlikely.
Canada jobs data eyed for rate cut clues - ING
Canada's June jobs report is expected to show flat employment growth and a slight rise in the jobless rate to 7.1%, but recent fiscal tightening poses downside risks.
USD: Eyes on next week's CPI - ING
The US Dollar (USD) remains highly sensitive to data, while tariff news continues to have only a limited effect.
NZD/USD: Set to trade in a range between 0.5995 and 0.6045 - UOB Group
Outlook appears unclear; New Zealand Dollar (NZD) could trade in a range between 0.5995 and 0.6045 against US Dollar (USD). In the longer run, price action indicates that further NZD weakness is likely; the level to watch is 0.5950, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Natural gas jumps on light storage build - ING
US natural gas futures surged after the EIA reported a smaller-than-expected inventory build, with storage rising just 53bcf versus forecasts of 62bcf.
AUD/USD: Likely to trade in a range between 0.6535 and 0.659 - UOB Group
Australian Dollar (AUD) is most likely to trade in a range between 0.6535 and 0.6595.
UK GDP falters again in May - ING
UK GDP disappointed for a second straight month in May, reinforcing the Bank of England's view that underlying growth is largely stagnant after earlier distortions from tariffs and housing.
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