AUDUSD daily MUFG notes that Q1 2025 COFER data revealed large reserve manager selling of the Japanese yen and Australian dollar, while Swiss franc holdings surged. Despite some caution on the euro, a recent OMFIF survey points to improving sentiment that could support EUR demand. Key Points: USD Holdings Steady: The global USD share of FX reserves stayed almost…
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Prior was -316.0B Last June was -69B Outlays $499 billion Receipts $526 billion Customs duties $27 billion This is a pleasant surprise but comes after a huge deficit month. It’s always tough to draw trends from individual months because holidays and two-week pay periods shift around. This article was written by Adam Button at www.forexlive.com.
The Canadian Dollar stumbled back on Friday as tariff fears remain. Canadian labor data overshot forecasts, bolstering the Loonie. Fresh tariff threats from Donald Trump have crimped CAD gains. The Canadian Dollar (CAD) tested lower ground against the US Dollar (USD) on Friday, shedding weight despite Canadian labor data figures outperforming median market forecasts by a sizeable margin, kicking…
EUR/GBP daily MUFG is out with its trade of the week and highlights EUR/GBP, which is trading at 0.8650 at the moment. “We are recommending a long EUR/GBP trade idea to reflect our view that downside risks for the GBP are increasing. We have been encouraged by price action over the past week. EUR/GBP has held above the 0.8600-level…
In an interview with the Wall Street Journal, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned that ongoing trade policy at the hands of Trump’s constant tariff threats could hamper the ability of the Fed to deliver interest rate cuts that both the broader market and Donald Trump himself want to see. Key highlights New tariffs unveiled…
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Bill Pulte, the Trump-selected Director of the Federal Housing Finance Agency and former chairman of Fannie May and Freddie Mac, nodded to entirely-uncomfirmed reports that Federal Reserve (Fed) Chair Jerome Powell may be considering resigning from his post as the head of the Fed. Fed head rumored to be out, but no solid sources exist Bill Pulte stated, “I’m…
Trump hits the European Union (EU) and Mexico with a 30% tariff, starting on August 1, and more if they retaliate. Trump announced a new round of tariffs on his Truth social media app 30% blanket levy on all imports from both the European Union (EU) and Mexico, effective August 1 follows the breakdown of months-long trade negotiations, Trump…
USD/CHF capped by 20-day SMA and April trendline near 0.8000. RSI hints at building bullish momentum, though still below neutral. Bearish continuation may target July lows at 0.7919 and 0.7872. The USD/CHF consolidates during the North American session, is flat below the 0.8000 figure, poised to finish the week with 0.36% gains. A risk-off mood bolstered the Greenback, which…
