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Brazil: Tariff fallout shapes election dynamics – Standard Chartered
Standard Chartered’s Dan Pan assesses new United States (US) Section 301 tariffs on Brazilian exports, noting a 25% levy effective 22 July that could rise to 37.5%.
Japanese Yen: Slight downside bias within tight band against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note USD/JPY has edged higher to around 162.35, with intraday bias tilted modestly to the upside but capped between 162.10 and 162.65.
USD/CHF Price Forecast: Rejection at 0.8100 keeps the US Dollar on the back footÂ
The US Dollar (USD) has turned lower against the Swiss Franc (CHF) on Friday’s European trading session, after failing to find acceptance above the 0.8100 level, which keeps the immediate bearish structure in place. The Dollar remains weighed by the soft US inflation figures released earlier this w
British Pound retreats further from multi-year top vs JPY as Tokyo intervention risks loom
The GBP/JPY cross turns lower for the second straight day following an intraday uptick to the 219.00 neighborhood on Friday and retreats further from its highest level since January 2008, touched earlier this week.
Eurozone Current Account n.s.a dipped from previous €14.9B to €-6.2B in May
Eurozone Current Account n.s.a dipped from previous €14.9B to €-6.2B in May
Eurozone Current Account s.a came in at €25.1B, above forecasts (€18.1B) in May
Eurozone Current Account s.a came in at €25.1B, above forecasts (€18.1B) in May
European Central Bank: September hike still on table – Commerzbank
Commerzbank economists led by Dr. Marco Wagner and Dr. Jörg Krämer expect the European Central Bank (ECB) to leave rates unchanged in July but still deliver a further 25 bps hike in September.
Euro trims losses against the British Pound, supported by ECB tightening hopes
The Euro (EUR) trades higher against the British Pound (GBP) on Friday, returning to levels near 0.8500 from 13-month lows of 0.8455 amid speculation that the European Central Bank (ECB) will hike rates in the coming months.
Euro: Bullish bias but capped by resistance against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report EUR/USD has eased after Wednesday’s surge, with current price action seen as consolidation between 1.1420 and 1.1465.
Japanese Yen: Supply, inflation and fiscal risks – Rabobank
Rabobank discusses Japanese Yen dynamics around Japan’s high debt-to-GDP ratio, fiscal credibility and the BoJ’s gradual policy normalization.
Austria HICP (MoM) in line with forecasts (-0.3%) in June
Austria HICP (MoM) in line with forecasts (-0.3%) in June
Equities: Global tech-led selloff deepens – Deutsche Bank
Deutsche Bank’s Early Morning Reid describes a broad slump in global equities driven by renewed doubts over the AI trade. The S&P 500 fell 0.51% with futures down further, while the Nikkei, CSI 300 and Hang Seng posted sharp declines.
Euro steadies against Canadian Dollar ahead of Eurozone HICP inflation data
EUR/CAD remains flat after experiencing volatility, trading around 1.6070 during the early European hours on Friday. The currency cross may experience downward pressure due to potential weakness in the Euro (EUR).