United States Challenger Job Cuts climbed from previous 47.999K to 62.075K in July

Jul 31, 2025

USD/CNH: Likely to consolidate between 7.1920 and 7.2150 – UOB Group

Instead of continuing to rally, US Dollar (USD) is more likely to consolidate between 7.1920 and 7.2150 against Chinese Yuan (CNH). In the longer run, sharp rally appears excessive, but there is a chance for USD to rise further to 7.2250, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR outperforming with modest gain as spreads remain supportive – Scotiabank

The Euro (EUR) is up a modest 0.3% against the US Dollar (USD) and outperforming most of the G10 currencies as we head into Thursday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.