News
Important Only
JGB yields track German peers to fresh 16-year peaks
TOKYO, March 7 (Reuters) - Japanese government bond yields extended their climb to fresh 16-year highs on Friday, tracking soaring German bund yields on Berlin's plans for a massive spending package.The 10-year JGB yield JP10YTN=JBTC rose 1 basis point (bp) to 1.525% and earlier touched 1.53%, t...Reuters
Fri, Mar 7
Fed Bostic tips Fed on hold till this summer
The Atlanta Fed pres says Fed may need to stay patient on policy till summerEconomy seen in 'incredible flux', hard to know where things will landNeed to be mindful of any changes that impact prices and employmentTariffs introduce elevated costs, may translate to higher prices eventuallyAlre...Reuters
Fri, Mar 7
Brazil touts 'positive' call with senior U.S. trade official
BRASILIA, March 6 (Reuters) - Brazilian Vice President Geraldo Alckmin on Thursday held a "positive" video call with U.S. Commerce Secretary Howard Lutnick that focused in part on U.S. tariff policy, the vice president's office said.Reuters
Fri, Mar 7
Japan FinMin mouthing on FX seen just lip-service
Japan FinMin Kato vowed appropriate action excessive FX moves todayImportant for currencies to move in stable manner reflecting fundamentalsRecent FX moves one-sided, rapidThese comments somewhat of a surprise with govt seen happy with JPY gainsRecent JPY gains also relatively "orderly", not...Reuters
Fri, Mar 7
Oil steadies in choppy trading on tariff uncertainty, OPEC+ hike plans
Mexico wins one-month tariff exemption; nothing yet for CanadaUS to exert maximum pressure on Iran via sanctionsPutin says any Ukraine peace deal must ensure Russia's securityBy Arathy Somasekhar HOUSTON, March 6 (Reuters) - Oil settled largely unchanged in choppy trade on Thursday, with ...Reuters
Thu, Mar 6
Mocking him as 'Micron', Russia warns Macron not to threaten it
Moscow opposes European peacekeeping troops in UkraineMacron open to discussing sharing nuclear deterrenceRussia says Macron should not threaten Russia Kremlin agrees "proxy war" should endEx-President Medvedev calls Macron 'Micron'By Guy Faulconbridge and Dmitry Antonov MOSCOW, M...Reuters
Thu, Mar 6
Macy's forecasts 2025 sales, profit below estimates on inflation, tariff uncertainty
By Ananya Mariam Rajesh March 6 (Reuters) - Macy's M.N forecast annual sales and profit below Wall Street expectations on Thursday, reflecting a broader trend among U.S. retailers grappling with reduced consumer spending amid the added pressure of new trade restrictions.Shares of the company ...Reuters
Thu, Mar 6
USD/CAD gains to near 1.4360 despite US Dollar declines
The USD/CAD pair moves higher to near 1.4360 in Thursday’s European session despite the US Dollar (USD) extends its downside, suggesting significant weakness in the Canadian Dollar (CAD). The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, slides to a four-mon
Fxstreet
Thu, Mar 6
After Trump's tariffs, Mexico seeks Asian and European crude oil buyers
MEXICO CITY, March 6 (Reuters) - Mexican state company Pemex is in talks with potential buyers in Asia, including China, and Europe, as it seeks alternative markets for its crude after U.S. President Donald Trump imposed tariffs on imports, a senior Mexican government official said.
Reuters
Thu, Mar 6
Sterling extends drop versus euro after German fiscal boost
LONDON, March 6 (Reuters) - The pound extended a slide against the euro on Thursday, dropping to its weakest level since January as the single currency benefited from an improving growth outlook after Germany announced plans to massively boost fiscal spending.
Reuters
Thu, Mar 6
White House Crypto Summit: What investors should know?
The first-ever White House Crypto Summit, set for Friday, will bring together industry leaders — including founders, CEOs, investors, and the US President's Working Group on Digital Assets — to discuss the future of cryptocurrency regulation and innovation. FXStreet interviewed market experts to...
Japan's Seven & i announces restructuring, new CEO to fend off $47 billion takeover bid
Seven & i names outside director Dacus as new CEOAnnounces 2 trillion yen share buybackPlans to IPO its North American convenience store business Agrees to sell superstore asset to Bain Capital for 815 billion yenShares surge 6.1% on ThursdayBy Ritsuko Shimizu and Rocky Swift TOKYO, March 6 (...Reuters
Thu, Mar 6
Pound Sterling holds onto gains against US Dollar as Trump tariff fears ease
The Pound Sterling (GBP) clings to gains near 1.2900 against the US Dollar (USD) in European trading hours on Thursday. The GBP/USD pair exhibits strength as the risk premium of the US Dollar has diminished significantly, with investors expecting the United States (US) President Donald Trump’s...
Fxstreet
Thu, Mar 6
XRP, ADA, SOL Surge Post-Trump News and FXG Outpaces Expectations
Last Sunday, Trump announced that the US government would create a strategic crypto reserve with 5 currencies. In particular, he mentioned that BTC and ETH would “obviously” be at the “heart of the Reserve.” The President also added that he loves Ethereum and Bitcoin. However, apart from ETH and...
Gold consolidates further with another new all-time high on the cards
Gold’s price (XAU/USD) is consolidating for a second day in a row around $2,900 on Thursday while keeping an eye on the all-time high at $2,956. Although there might be some easing for Canada and Mexico with a delay on car import tariffs into the United States (US), the reciprocal tariffs are still
Fxstreet
Thu, Mar 6
TSMC CEO says it is expanding US investment to meet customer demand
TAIPEI, March 6 (Reuters) - Taiwanese chipmaker TSMC 2330.TW is expanding investment in the United States because of large U.S. customer demand, its CEO said on Thursday, adding that its production lines there are already fully booked for this year and the next two years.The comments were made at...
Reuters
Thu, Mar 6
