The EUR/USD pair surged on Monday (July 22nd), gaining more than 0.50%, as the US dollar weakened, pressured by falling US Treasury yields and trade uncertainty ahead of the August 1st deadline. This triggered an outflow of the greenback, as the pair traded at 1.1694 after bouncing from a daily low of 1.1614. The market mood was upbeat as investors awaited earnings reports from two megacap companies in the United States. Trade tensions between the European Union (EU) and the US have escalated as EU diplomats explore a broader range of retaliatory measures against the US, as the chances of...
Oil was little changed after two modest declines as talks between the US and its trading partners gain urgency ahead of next week's deadline. West Texas Intermediate traded near $67 a barrel after closing lower for two sessions, while Brent settled near $69.European Union and US negotiators are heading into another week of intensive talks as they seek to clinch a trade deal by Aug. 1, when President Donald Trump has threatened to hit most of the bloc's exports with 30% tariffs. Meanwhile, US Treasury Secretary Scott Bessent said the next round of US-China talks could include a discussion...
The dollar traded in a tight range on Tuesday after a brief fall at the start of the week, as investors watched out for any progress on trade talks ahead of an August 1 deadline for countries to strike deals with the U.S. or face steep tariffs. The yen mostly held to gains from the previous session following results from a weekend upper house election in Japan that proved no worse than what had already been priced in, as focus now turns to how quickly Tokyo can strike a trade deal with Washington and Prime Minister Shigeru Ishiba's future at the helm. The Japanese currency was last a touch...