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US President Donald Trump extends Mexico trade deal deadline by 90 days - Bloomberg

US President Donald Trump extended Mexico's current tariff rates for 90 days to allow more time for trade negotiations, Bloomberg reported late Thursday. The announcement came just hours before the deadline on August 1, which in Mexico's case would have triggered a 30% tariff.

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GBP/USD declines further as Greenback rally continues

GBP/USD sank again on Thursday, falling for a sixth straight session and dragging the Pound Sterling (GBP) down nearly 3% top-to-bottom from last week's peak near 1.3588.

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Canadian Dollar heads for a sixth straight loss as Loonie falls under the Greenback wheel

The Canadian Dollar (CAD) sank for a sixth consecutive session on Thursday, driven lower by a second straight contraction in headline Gross Domestic Product (GDP) growth on a monthly basis.

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USD/JPY surges to four-month high as BoJ maintains dovish stance

The Japanese Yen (JPY) weakens for the sixth consecutive day against the US Dollar with the USD/JPY pair surging to its highest level in over four months after the Bank of Japan (BoJ) kept its short-term interest rate steady at 0.50% for a fourth consecutive meeting, as widely expected, but the acco

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Forex Today: The US NFP grabs all the attention

The US Dollar (USD) extended its advance for yet another day on Thursday, reaching new two-month peaks as investors continued to assess the latest FOMC event and higher US inflation, all ahead of the critical release of the Nonfarm Payrolls on Friday.

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Swiss Franc steadies as markets eye US tariff deadline, SNB reports major FX losses

The Swiss Franc (CHF) steadies against the US Dollar (USD) on Thursday, snapping a six-day losing streak as investors rotate back into the Franc amid renewed safe-haven demand.

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Dow Jones Industrial Average dribbles lower after PCE inflation accelerates again

The Dow Jones Industrial Average (DJIA) tested the low end on Thursday, chalking in a fourth straight bearish session as equities grapple with a stubborn Federal Reserve (Fed), which is increasingly unlikely to deliver rate cuts in the third, or any quarter, if the US doesn't get a firmer handle on

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Gold price rebounds ahead of NFP despite firm USD, Fed hold

Gold prices recovered on Thursday after the Federal Reserve (Fed) held rates unchanged, as the August 1 trade deadline imposed by US President Donald Trump looms. The Greenback remains steady on a tranche of good economic data, though the XAU/USD trades at $3,296, gaining 0.61%.

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EUR/CHF slides to multi-month low as Euro struggles amid trade woes

The Euro (EUR) weakens for the fourth straight day against the Swiss Franc (CHF) on Thursday, pressured by concerns over the recently announced US-EU trade agreement, which investors perceive as one-sided and unfavorable for the European Union (EU).

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EUR/GBP rebounds from seven-week low as BoE rate cut speculation rises

The EUR/GBP cross edges higher on Thursday, snapping a three-day losing streak and rebounding from the seven-week low hit on Wednesday.

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US President Trump: Will talk to Mexico over next 90 days to sign a trade deal

After speaking to Mexican President Claudia Sheinbaum on the phone on Thursday, United States (US) President Donald Trump said that Mexico will continue to pay a 25% fentanyl tariff, 25% tariff on cars, and 50% tariff on steel, aluminum, and copper.

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GBP/USD slips as Fed pushes back on September cut, US data support Dollar

The GBP/USD posted moderate losses during the North American session on Thursday after the Federal Reserve (Fed) held rates on Wednesday and failed to provide forward guidance for the September meeting. This, along with solid US jobs data and an uptick in inflation, boosted the Dollar.

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Euro pressured near multi-week low as strong US inflation data boosts Greenback

The Euro (EUR) trades under pressure for the sixth consecutive day against the US Dollar (USD) on Thursday, with EUR/USD struggling to recover as the Greenback holds firm near two-month highs.

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Canadian Dollar under pressure amid weak GDP, Trump tariff threat, and strong US data

The Canadian Dollar (CAD) remains on the back foot for a sixth straight day against the US Dollar (USD) on Thursday, sinking to its weakest level since late May.

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USD/JPY approaches 150.00 after BoJ downplays October rate hike - Rabobank

For a brief period this morning, market commentators mused that the BoJ could announce the next rate hike of the cycle as soon as October. That conclusion was drawn from what appeared to be a slightly more hawkish then expected outcome to today's BoJ policy meeting.

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US: Initial Jobless Claims rose a tad to 218K 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 increased to 218K for the week ending July 26.

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Breaking: US core PCE inflation holds steady at 2.8% in June vs. 2.7% expected

Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 2.6% in June from 2.4% in May (revised from 2.3%), the US Bureau of Economic Analysis reported on Thursday.

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Gold firms near $3,300 as trade woes resurface ahead of August 1 tariff deadline

Gold (XAU/USD) rebounds sharply on Thursday after falling to a one-month low of $3,268 on Wednesday, pressured by stronger-than-expected US data and the Federal Reserve's (Fed) decision to keep interest rates unchanged.

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Germany annual CPI inflation holds steady at 2% in July vs. 1.9% expected

Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), held steady at 2% in July, Destatis' flash estimate showed on Thursday. This reading came in above the market expectation of 1.9%.

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CAD tumbles to fresh low on trade concerns ahead of August 1 - Scotiabank

The Canadian Dollar (CAD) is soft, trading at fresh lows and plumbing levels last seen in late May as market participants respond to risks related to trade and consider their implications for the BoC, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Stra

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