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USD/KRW: Range trade with slight downside bias – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that USD/KRW has traded lower but remains range-bound, supported by strong Korean exports and better sentiment. While US tariff uncertainty can be USD-negative, broader risk-off could still cap KRW gains.Fxstreet
Tue, Feb 24
CORRECTED-US sets preliminary duties on solar imports from India, Indonesia and Laos
Feb 24 (Reuters) - The U.S. Commerce Department on Tuesday announced anti-subsidy countervailing duties on solar cells and panels imported by companies in India, Indonesia and Laos.According to a fact sheet posted on the Commerce Department's website, the agency calculated general subsidy rates ...Reuters
Tue, Feb 24
TREASURIES-US yields drift higher ahead of Trump's speech to Congress
Trump could lay out future trade policy in remarks laterInvestors want to go long Treasuries, rates trader saysUS 2/10 yield curve flattens for 10th straight sessionUS rate futures still price in two cuts in 2026By Gertrude Chavez-Dreyfuss NEW YORK, Feb 24 (Reuters) - U.S. Treasury yields were li...Reuters
Tue, Feb 24
German Chancellor Merz heads to China seeking openings as global pressure builds
Merz leads German business leaders to China for economic talksGermany faces trade deficit with China, impacting economic outlookChina's export controls and competition challenge German industriesBy Andreas Rinke BERLIN, Feb 24 (Reuters) - German Chancellor Friedrich Merz visits China this wee...Reuters
Tue, Feb 24
UK confident its trade deal with US still stands despite latest Trump tariff move
LONDON, Feb 24 (Reuters) - British trade minister Peter Kyle said he was confident the trade deal Britain struck last year with the United States would still stand despite U.S. President Donald Trump's latest move to apply a 10% global import tariff. The United States began collecting ...Reuters
Tue, Feb 24
BoE’s Governor Bailey: Rate cut at next meeting is a genuinely open question
Bank of England (BoE) Governor Andrew Bailey said on Tuesday that he expects inflation to return to close to target in April. During his testimony before the parliament's Treasury committee, he added that a possible rate cut in March is "a genuinely open question."Fxstreet
Tue, Feb 24
UK confident its trade deal with US still stands despite latest Trump tariff move
LONDON, Feb 24 (Reuters) - British trade minister Peter Kyle said he was confident that the trade deal Britain struck last year with the United States would still stand despite U.S. President Donald Trump latest move to impose a 10% tariff."I can say with some confidence, bearing in mind that th...Reuters
Tue, Feb 24
Fed's Waller doesn't expect AI to blow up job market
Waller downplays AI's impact on US job marketFed adopts cautious, unified approach to its use of AI technology Many fear AI could bring disruptions in job market By Michael S. DerbyFeb 24 (Reuters) - Federal Reserve Governor Christopher Waller said on Tuesday he doesn’t expect the adoption of ar...Reuters
Tue, Feb 24
Bank of England: Cuts on the table, conviction still building
At the Treasury Select Committee (TSC) hearing following the February Monetary Policy Report, Governor Andrew Bailey struck a cautiously dovish tone, suggesting that with inflation returning to target, there should be scope for some further easing in monetary policy.Fxstreet
Tue, Feb 24
US wholesale inventories increase marginally in December
WASHINGTON, Feb 24 (Reuters) - U.S. wholesale inventories increased marginally in December amid strong sales growth, government data showed on Tuesday.Stocks at wholesalers rose 0.2%, matching the gain in November, the Commerce Department's Census Bureau said. The report was delayed by last year...Reuters
Tue, Feb 24
US consumer confidence improves in February
WASHINGTON, Feb 24(Reuters) - U.S. consumer confidence rebounded more than expected in February amid an improvement in households' perceptions of the labor market, a survey showed on Tuesday.The Conference Board said its consumer confidence index increased 2.2 points to 91.2 this month. Data for...Reuters
Tue, Feb 24
