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Tuesday, July 8, 2025

American Market Recap: BofA: Why CHF is so strong — and why it may stay that way

BofA: Why CHF is so strong — and why it may stay that way

USD/CHF weekly BofA argues that the Swiss franc (CHF) remains exceptionally strong — the second-best performing G10 currency YTD — because it has reasserted itself as the true safe-haven hedge, alongs... 

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Crude oil settles at $68.33

Crude oil futures settled at $68.33 , up $0.40 on the day. The move higher marked a significant technical development as prices briefly rose above the 200-day moving average for the first time since J... 

US May consumer credit outstanding rises by $5.1B vs +$11.0B expected

This is a moderate rise and doesn't set off any alarm bells.... 

NZDUSD bounces up and down as traders await RBNZ rate decision

The NZDUSD has seen choppy price action today, initially rising on the back of the RBA rate decision (no change when a 25 basis point cut was expected) before reversing lower on renewed US dollar buy... 

Lutnick expects another 15-20 tariff letters to go out over the next two days

Lutnick says he expects another 15-20 tariff letters Copper tariff likely to go into place by end-July or early August Trump left flexibility on tariff rates in letters If countries are good to us, th... 

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FX option expiries for 8 July 10am New York cut

There is just one to take note of on the day, as highlighted in bold . That being for EUR/USD at the 1.1700 level. The pair is keeping just below its key hourly moving averages but the expiries here s... 

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