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USD/JPY: Oversold conditions suggest any decline may not reach 150.60 – UOB Group
Further weakness US Dollar (USD) is not ruled out; deeply oversold conditions suggest any decline may not reach 150.60. In the longer run, USD outlook remains negative; the level to monitor is 150.00, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Feb 7
Honeywell Automation India reports lacklustre profit growth on slowing demand
Feb 7 (Reuters) - Engineering firm Honeywell Automation India HONE.NS reported a weak third-quarter profit growth on Friday, hurt by slowing infrastructure demand due to sluggish economic growth. The Indian unit of U.S. conglomerate Honeywell International HON.O reported a 3.3% year-on-year rise in ...Reuters
Fri, Feb 7
Australia makes $500 mln AUKUS payment ahead of US defence secretary meeting
By Kirsty Needham SYDNEY, Feb 7 (Reuters) - Australia has made its first $500 million payment to the United States under the AUKUS nuclear submarine deal ahead of a meeting between their defence heads on Friday in Washington.Australian Defence Minister Richard Marles said the gesture showed Canb...Reuters
Fri, Feb 7
Trump inherits a labor market at full employment. Can he keep it there?
Defying fears of a pandemic-driven Great Depression and bucking Federal Reserve interest rate hikes as well, the U.S. job market has hit what U.S. central bank officials are characterizing as a moment of stable full employment, with balanced wage and job growth and a low unemployment rate.Reuters
Fri, Feb 7
Trump tariff effect boosts Taiwan's January exports
Recasts, updates throughoutExports +4.4% y/y vs +3.5% forecast in Reuters pollExports to China -11.7% y/y (prior month +3.6%)Exports to U.S. +0.7% y/y (prior month +16.0%)Taiwan sees uncertainty in geopolitics, Trump tariff policyTAIPEI, Feb 7 (Reuters) - Taiwan's exports rose more than expected...Reuters
Fri, Feb 7
German exports rise, industrial production falls
German exports contracted by 1.0% in 2024Industrial production decreased by 2.4% in DecemberIndustrial slump looks set to continue, economists sayAdds details and economists' commentsBy Maria Martinez BERLIN, Feb 7 (Reuters) - German exports rose in December while industrial output fell more ...Reuters
Fri, Feb 7
Russia to widen asset seizing power with new legislation, sources say
By Elena Fabrichnaya and Alexander Marrow MOSCOW, Feb 7 (Reuters) - Russia is set to widen its power to retaliate for Western asset seizures with new legislation that could allow it to confiscate the frozen funds of foreign companies and investors, two sources familiar with the draft law told Reu...Reuters
Fri, Feb 7
Euro zone yields hold steady, US jobs data in focus
Feb 7 (Reuters) - Euro zone government bond yields held steady on Friday as investors awaited U.S. jobs data as well as updated estimates for the euro area's "neutral rate" of interest from the European Central Bank.U.S. nonfarm payrolls, due out later in the day, are expected to have in...Reuters
Fri, Feb 7
