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Dow Jones Industrial Average rallies on potential trade deals
The Dow Jones Industrial Average (DJIA) caught a strong bid on Wednesday, rising to its highest levels in five months and knocking on the door of fresh all-time highs.
EUR/CHF steady ahead of ECB policy decision, Euro buoyed by optimism around US-EU tariff deal
The Euro (EUR) reverses its intraday losses against the Swiss Franc (CHF) on Tuesday, with the EUR/CHF cross rebounding to trade around 0.9331 during the American trading hours.
US-EU close to tariff deal mirroring Japan pact - Financial Times
Following the US-Japan deal on Tuesday, Washington and Brussels appear close to an agreement that would impose 15% duties on European imports, as reported by a copy of the deal struck with the Asian country via the Financial Times (FT).
USD/JPY edges lower as US-Japan trade deal supports flows to the Yen
USD/JPY is experiencing its third consecutive day of losses on Wednesday as traders reassess positioning in the wake of a newly announced trade agreement between the US and Japan.
GBP/USD rises past 1.3550 as US-Japan trade deal fuels risk-on rally
The GBP/USD rose more than 0.30% on Wednesday, boosted by an upbeat risk appetite following the announcement of the US-Japan trade deal, which increased demand for high-beta currencies like the British Pound and other commodity currencies.
EUR/GBP slips as traders brace for ECB monetary policy decision
The Euro (EUR) weakens against the British Pound (GBP) on Wednesday as investors turn their focus to the European Central Bank (ECB) policy decision due Thursday. The EUR/GBP cross is under pressure, trading around 0.8655 during the American trading hours, down nearly 0.43% on the day.
USD/CAD edges higher as US-Japan trade deal offers support to US Dollar
USD/CAD is trading slightly higher on Wednesday, hovering just above the 1.3600 level, as a US-Japan trade agreement offers the Greenback some short-term relief.
Silver Price Forecast: XAG/USD treads water near multi-year highs amid cautious optimism
Silver (XAG/USD) is treading water on Wednesday after a sharp two-day run to mark fresh multi-year highs. The metal consolidating just below the key $39.50 mark during the American trading hours.
Gold rally pauses as US-Japan deal offers temporary relief, Fed pressure and EU risks linger
Gold (XAU/USD is undergoing a modest pullback on Wednesday, as markets assess the implications of a United States (US)-Japan trade agreement and remain cautious ahead of further developments in the European Union (EU)-US negotiations.
US Dollar steadies as markets weigh US-Japan deal
The US Dollar (USD) steadies on Wednesday after a rough three-day decline. Traders seem to be taking a breather as tensions around global trade ease somewhat after the US and Japan reached a trade deal ahead of the looming August 1 tariff deadline.
AUD/JPY pulls back from intra-day highs at 96.65, despite the favourable risk sentiment
The Australian Dollar is one of the strongest performers in a risk-off session on Wednesday and is trading higher against the safe-haven Japanese Yen.
US Treasury Sec. Bessent: Not in a rush to nominate Powell's replacement
In an interview with Bloomberg TV on Wednesday, United States (US) Treasury Secretary Scott Bessent noted that they are not in a rush to nominate a new Federal Reserve (Fed) chair to replace Chairman Jerome Powell.
Gold Price Forecast: XAU/USD eyes triangle breakout, aims to revisit all-time highs around $3,500
Gold price (XAU/USD) trades firmly above $3,400 during the European trading session on Wednesday, the highest level seen in over five weeks. The precious metal strengthens as global trade tensions continue to persist even as the United States (US) has confirmed a trade agreement with Japan.
JPY trade relief is tempered by political risk - Scotiabank
The Japanese Yen (JPY) is up a marginal 0.1% against the US Dollar (USD) as market participants temper their response to the announcement of a US/Japan trade agreement amid uncertainty surrounding PM Ishiba's political future, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP: Few domestic developments ahead PMI's Thursday - Scotiabank
The Pound Sterling (GBP) steady, showing a marginal gain as it extends its recovery of the month-to-date pullback from its July 1 high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR is underperforming on the day - Scotiabank
The Euro (EUR) is soft, down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies into Wednesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD extends gains on soft USD - Scotiabank
The Canadian Dollar (CAD) is trading a little firmer in overnight trade, extending progress made yesterday amid a broader slide in the US Dollar (USD) to push under 1.36, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD undertone remains soft - Scotiabank
President Trump announced that the US had reached a 'massive' trade deal with Japan yesterday evening (involving Japan paying a 15% reciprocal tariff and investing some USD550bn in the US).
Nikkei Index jumps to one-year highs above 41,000 after the US-Japan deal
The Nikkei Index was the strongest performer among the world's leading stock indexes during a risk-on session on Wednesday.
USD/CNH: Expected to trade in a range between 7.1550 and 7.1920 - UOB Group
Soft underlying tone is likely to lead to a lower range of 7.1635/7.1800 rather than a sustained decline. In the longer run, USD is expected to trade in a range between 7.1550 and 7.1920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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