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EURUSD


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UK election risk to GBP, according to FX options

BUZZ-COMMENT-UK election risk to GBP, according to FX options July 4 (Reuters) - Implied volatility gauges FX realised volatility expectations and is a key component of an FX option premium. Overnight expiry GBP related implied volatility now includes the UK election and is therefore a bellwether for related FX volatility risk. Overnight GBP/USD implied volatility has averaged 7.5 over recent sessions - a premium/break-even of 40 USD pips in either direction for a simple vanilla straddle.
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Russian rouble recovers from over one-week low against dollar

Russian rouble recovers from over one-week low against dollar MOSCOW, July 4 (Reuters) - The Russian rouble recovered from a more than one-week low against the dollar on Thursday, propped up by factors ranging from high interest rates to reduced imports after coming under pressure from reduced foreign currency sales at the start of the month. By 0729 GMT, the rouble was 0.4% higher at 87.50 RUB= against the dollar, earlier hitting its weakest point since June 24 of 88.82. "The volatility of the
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FX markets are trapped in a vicious circle

BUZZ-COMMENT-FX markets are trapped in a vicious circle July 4 (Reuters) - FX markets are trapped in a vicious circle where the proceeds of interventions are recycled with dollars sold then purchased to maintain or increase the size or reserves which ultimately leads to more intervention. There are many emerging nations currently trying to stem the dollar's rise including China and also Japan which most analysts think will soon sell again.
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Asia stocks hit 27-month top, dollar slips on rate cut wagers

GLOBAL MARKETS-Asia stocks hit 27-month top, dollar slips on rate cut wagers Asian stock markets : https://tmsnrt.rs/2zpUAr4 Topix hits record top, S&P 500 futures steady FTSE, sterling calm as UK heads to polls Odds narrow on Sept Fed cut after soft data Adds Taiwan stocks, updates prices By Wayne Cole SYDNEY, July 4 (Reuters) - Asia stocks hit 27-month highs on Thursday as softer U.S.
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Dollar on defensive after soft data, battered yen under watch

REFILE-FOREX-Dollar on defensive after soft data, battered yen under watch Corrects paragraph 9 spelling of analyst's name By Brigid Riley TOKYO, July 4 (Reuters) - The dollar was on the back foot on Thursday after U.S. economic data continued to point to slowing growth, offering limited relief to the yen, which remained pinned near a 38-year low that had the market on alert for government intervention.
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Bets mount for US rate cut, UK political shake up

MORNING BID EUROPE-Bets mount for US rate cut, UK political shake up A look at the day ahead in European and global markets from Wayne Cole. It's been a generally upbeat day so far in Asia as softer U.S. data burnished the case for a September rate cut from the Federal Reserve. The main event in Europe will be the UK election , where the only real unknown is how super Labour's majority will be.
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Asia stocks hit 27-month top, dollar slips on rate cut talk

GLOBAL MARKETS-Asia stocks hit 27-month top, dollar slips on rate cut talk Asian stock markets : https://tmsnrt.rs/2zpUAr4 Nikkei firms toward March top, S&P 500 futures steady Markets, sterling calm as UK heads to polls Odds narrow on Sept Fed cut after soft data By Wayne Cole SYDNEY, July 4 (Reuters) - Asia stocks hit 27-month highs on Thursday as softer U.S.
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EMFX unlikely to reverse 2024 losses over the next six months

RPT-POLL-EMFX unlikely to reverse 2024 losses over the next six months Repeats earlier story for wider readership with no change to text reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=CNY= yuan poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=ZAR= rand poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=INR= rupee poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=TRY= lira poll data reuters://
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EMFX unlikely to reverse 2024 losses over the next six months

RPT-POLL-EMFX unlikely to reverse 2024 losses over the next six months Repeats earlier story for wider readership with no change to text reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=CNY= yuan poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=ZAR= rand poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=INR= rupee poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=TRY= lira poll data reuters://
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Dollar on the defensive after soft data, little relief for yen

FOREX-Dollar on the defensive after soft data, little relief for yen By Brigid Riley TOKYO, July 4 (Reuters) - The dollar was on the back foot on Thursday after U.S. economic data continued to point to slowing growth, although that gave little relief to the yen, which was pinned around a 38-year low that kept the market on alert for government intervention.
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Asia Morning Call-Global Markets

UPDATE 1-Asia Morning Call-Global Markets July 4 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 7,739.90 +21.70 NZX 50** 11,790.92 +14.19 DJIA 39,308.00 −23.85 NIKKEI** 40,580.76 +506.07 Nasdaq 18,188.302 159.54 FTSE** 8,171.12 49.92 S&P 500 5,537.02 28.01 Hang Seng** 17,978.57 209.43 SPI 200 Fut 7,808.00 79.00 STI** 3,415.51 47.61 SSEC** 2,982.38 -14.64 KOSPI** 2,794.01 13.15 ---------------------------------------------------------------------------------------- Bond
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World shares rise, US dollar weakens on soft labor market data

REFILE-GLOBAL MARKETS-World shares rise, US dollar weakens on soft labor market data Refile adds missing word 'to' in second paragraph S&P 500, Nasdaq notch fresh closing high US dollar weakens Crude prices climb 1% Benchmark 10-year yields dip Safe haven-gold rises to near two-week high By Chibuike Oguh NEW YORK, July 3 (Reuters) - World equities rose while the U.S.
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Asia Morning Call-Global Markets

Asia Morning Call-Global Markets July 4 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 7,739.90 21.70 NZX 50** 11,790.92 +14.19 DJIA 39,308.00 −23.85 NIKKEI** 40,580.76 +506.07 Nasdaq 18,188.302 159.54 FTSE** 8,171.12 49.92 S&P 500 5,537.02 +28.01 Hang Seng** 17,978.57 209.43 SPI 200 Fut 7,802.00 73.00 STI** 3,415.51 47.61 SSEC** 2,982.38 -14.64 KOSPI** 2,794.01 13.15 ---------------------------------------------------------------------------------------- Bonds Bonds J
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Yen drops to 38-year low, US dollar slumps after weak data

FOREX-Yen drops to 38-year low, US dollar slumps after weak data Euro hits record high vs yen Euro hits three-week high vs dollar U.S. private sector jobs rise less than expected in June U.S. weekly jobless claims increase in latest week U.S. ISM services sector reading falls in June Adds new comment in paragraphs 17-18, Fed minutes in 25, graphics; updates prices throughout By Gertrude Chavez-Dreyfuss NEW YORK, July 3 (Reuters) - The yen sank to a 38-year low against the U.S.
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US recap: EUR/USD capitalizes as dollar succumbs to data doldrums

BUZZ-COMMENT-US recap: EUR/USD capitalizes as dollar succumbs to data doldrums July 3 (Reuters) - The dollar fell against the majors on Wednesday -- except the yen -- after a slew of unexpectedly weak data reinforced market suspicions that the U.S. economy is cooling in a way that will allow the Fed to consider rate cuts. Minutes from the Fed's June 11-12 meeting echoed this sentiment.
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World shares rise, US dollar weakens on soft labor market data

REFILE-GLOBAL MARKETS-World shares rise, US dollar weakens on soft labor market data Refiles to add missing word "to" in second paragraph S&P 500, Nasdaq advance US dollar weakens Crude prices climb Benchmark 10-year yields dip Safe haven-gold rises to near two-week high By Chibuike Oguh NEW YORK, July 3 (Reuters) - World equities rose while the U .S.
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Yen skids to fresh 38-year low; US dollar tumbles after weak data

FOREX-Yen skids to fresh 38-year low; US dollar tumbles after weak data Euro hits record high vs yen Euro hits three-week high vs dollar U.S. private sector jobs rise less than expected in June U.S. weekly jobless claims increase in latest week U.S. ISM services sector reading falls in June Adds new comments, bullets, U.S. data, byline, NEW YORK dateline, FX table; updates prices By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON, July 3 (Reuters) - The yen s ank to a fresh 38-year lo
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EUR/USD investors may get comfortable being long

BUZZ-COMMENT-EUR/USD investors may get comfortable being long July 3 (Reuters) - EUR/USD rallied to a 3-week high after breaking the 200-DMA and daily cloud top, with investors potentially more confident the upside risks are increasing after the latest U.S. data and rhetoric from Fed Chair Jerome Powell. June ADP indicated payroll growth is slowing while weekly and continuing claims indicate joblessness continues to increase.
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FX options wrap - FX outlook, French risk, ZAR gains, yuan bets

BUZZ-FX options wrap - FX outlook, French risk, ZAR gains, yuan bets Implied volatility is under pressure in most of the major G10 currency pairs, which is consistent with low realised volatility within familiar FX ranges. The impending U.S. Thanksgiving holiday and better risk appetite/USD losses, are playing their part . Euro-related FX option premiums have almost fully retraced the significant gains that were made in the wake of the French election call in mid-June.
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Route to sterling's 2024 high may be clearing

BUZZ-COMMENT-Route to sterling's 2024 high may be clearing GBP/USD rallied to a 2-week high at 1.2730 after U.S. jobless claims and ADP showed more softness in the labor market than expected, which could help lift cable back toward its 2024 peak if subsequent data shows similar cooling. The data supported recent comments on Tuesday by Fed Chair Jerome Powell, who acknowledged progress on inflation even though more data is needed before policymakers are sufficiently confident in the disinflation
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